By CHATULA KANGALI
THE Zambia National Commercial Bank (ZANACO) says it is helping in the transition of Zambia to a cleaner and sustainable energy source which is resilient to climate change through the provision of solar energy financing.
The bank said it had developed a new product for energy financing to respond to the current energy needs on the market.
Executive Head-Client Solutions Chanda Katongo said with the current energy gap the financial institution had come up with a solution based on alternative power that was clean and resilient to climate change.
“So we did come up with alternative solar financing and we have worked on our interest rates and we are delivering that to our customers at lower interest rate which is specifically 19 percent but our customers are also able to get that facility for a period of 72 months which it is very good for our customers ,” she said.
