First Capital Bank Limited Inaugurates New Head Office in Lusaka
First Capital Bank Limited commissioned its new Head Office on Church Road in Lusaka, marking a significant contribution to Zambia’s economic growth and the expansion of its banking sector.
The inauguration was attended by President Hakainde Hichilema, who highlighted the sector’s impressive average growth rate of 4.3% over the past two decades.
President Hichilema commended First Capital Bank for its successful operations in Zambia over the past decade and for establishing a regional presence in five additional countries.
“This achievement is a testament to private sector success, adding to the economy’s stock of assets. Banks should play a vital role in enabling our nation’s economic activity by providing tangible solutions and affordable credit for businesses and entrepreneurs,” he said.
Emphasizing the bank’s significance beyond Zambia, President Hichilema stated, “This is not only a Zambian financial institution but also a SADC bank. As Government, we are ready to assist Zambian businesses like First Capital in overcoming any challenges they may face in entering the SADC market. Our goal is to grow not only the Zambian economy but also the SADC economy.”
The President expressed gratification that the bank’s majority shareholding is held by Zambians and that it is registered with the Citizens Economic Empowerment Commission.
He praised the Head Office’s “green-rated” architectural design, which incorporates energy efficiency and solar power, aligning with the nation’s vision for alternative energy solutions. This is particularly pertinent given the El Niño-induced drought affecting the country’s energy efficiency.
“Other businesses must emulate First Capital Bank’s initiative in generating their own power so that scarce electricity can be allocated to critical sectors like mining and agriculture,” President Hichilema added.
