LUSAKA, ZAMBIA – Zambia’s Ambassador to Turkey, Joseph Chilengi has urged Ziraat Bank, Turkey’s largest state-owned commercial bank, to consider opening a branch in Zambia.
Dr Chilengi said the agenda to boost trade and investment between Zambia and Turkey cannot be achieved without the support of the banking and financial sector.
Dr Chilengi noted that reputable Turkish financial institutions like Ziraat Bank have a critical role to play in supporting trade and investment between Zambia and Turkey.
The Ambassador made the call during a bilateral meeting with Ziraat Bank Executive Vice President for Treasury Management and International Banking, Bilgehan Kuru in Ankara.
“Turkey as an emerging nation both politically and economically and should consider opening a branch in Zambia,” Dr Chilengi said.
The Zambian Envoy said Zambia’s central location in the Southern African region remains an investment destination because of peace and political stability that she enjoys since 1964 besides the mutual understanding for the benefit of the people
Dr Chilengi added that, two Governments have been working hard towards enhancing trade and investment in various sectors considering the immense potential that exists between the two countries.
“Turkish businesses are craving out a new niche, like Zambia, and Turkish Airlines started to flying to Zambia in December last year, which is helping in enhancing trade and investment between the two countries,” Dr Chilengi said.
Dr Chilengi also called on the Turkish financial market to take advantage of the investment and trade opportunities available between the two countries
Meanwhile Ziraat Bank Executive Vice President for Treasury Management and International Banking, Bilgehan Kuru acknowledged that the banking sector plays a critical role in boosting trade and investment between Turkey and Zambia.
Mr Kuru said his Bank is exploring opportunities in Africa because of the huge trade and investment potential that the continent provides.
He disclosed that Ziraat Bank will explore the possibility of opening a branch in Zambia.
Ziraat Bank has 1,800 branches in Turkey operating in over 18 countries such as the United Kingdom, Germany, Russia, Kazakhstan, Azerbaijan, Saudi Arabia, Sudan and Iraq among others.
This is contained in a press stamen issued to ZANIS in Lusaka today by First Secretary for Press at Zambian Embassy in Ankara, Turkey, Jerry Munthali.