Pride Zambia was established under the predecessor name Pride Africa in 2000. It has a 10 branch network in six towns across Zambia. The main challenges are:
1. transformation into shareholding Co.
2. attain self-sustainability by 2006
3. attract equity and/or loan capital.
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Pride Zambia was established under the predecessor name Pride Africa in 2000. It has a 10 branch network in six towns across Zambia. The main challenges are:
1. transformation into shareholding Co.
2. attain self-sustainability by 2006
3. attract equity and/or loan capital.
*** Please note that PRIDE Zambia is currently undergoing transformation and has adopted the regulators method of provisioning, hence the high loan loss provisioning in 2005. Details will follow on the adoption of the transformation proposals wiith co-operating partners. The process of "professionalising" operations has also commenced ***
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