Citibank opened its doors in Zambia in 1979 to service its global clients who were entering a new market and wanted to work with a trusted name. In time, Citibank has leveraged its global network to provide superior products and services to the local Zambia market while using its local presence to provide knowledge depth to global institutions and investors.
Citibank was one of five Mandated Lead Arrangers in a loan syndication of €754.60 million (US$1 billion) in 2012 for the expansion of one of the largest copper mines in the country, a project that will increase the copper production of Zambia by almost 50% in the next 3 years.
In 2011, Citi was Joint Lead arranger and book runner for the largest local currency loan syndication of €85.17 million (ZMK605 billion) for one of the largest agricultural entities in the country.
Citibank is the undisputed leader of electronic banking innovation in Zambia with award winning payments and collections solutions such as Citidirect, Citiconnect, Citidirect BE Mobile and Bulk POS deposits. For all FX and Investment needs, world renowned CitiFX Pulse and CitiFx Velocity are just a click away giving access to 150 currency pairs.
Citibank Zambia’s global network has enabled its team to apply world class solutions to local markets, according to the Managing Director Joyce-Ann Wainaina. With her 23 years of experience with Citibank, having worked with the bank’s operations in several countries in Africa, Joyce-Ann attributes the success of the bank to the team she has working with her. “The staff is filled with the best financial minds; we focus on delivering Citi’s global network and strength to the local environment and strive to develop local companies into global institutions. We are proud to be a part of the country’s growth story.” Citi has been able to export several highly skilled Zambians to work in various countries some of whom are currently serving across Europe and Africa in senior positions.
With its tremendous success in the country, Citibank Zambia is also continuously re-investing in the local community through programs such as Junior Achievement, FINCA Zambia and the Global Community Day.
Citibank is proud to be the recipient of The Best Internet Bank in Zambia-2013 award from Global Finance, The Best Investment Bank in Zambia from EMEA Finance and the 2013 Award for Excellence from EuroMoney.
Citibank Zambia stays true to its world class image and continues to focus on ‘investing in Zambia’s future’.
Citibank Zambia Limited
Corner, Chikwa and Nasser Roads
Addis Ababa Roundabout
10101 Lusaka
Tel: + 260 211 444492/93
