— Natsave builds an ultra-modern bank in Nchelenge District

Banner 3
Banner 3

Natsave builds an ultra-modern bank in Nchelenge District

Kawambwa, February 7th, 2015, ZANIS —- Government has constructed an ultra-modern office building for the National Savings and Credit Bank (NATSAVE) at the cost of over two million kwacha in Nchelenge District.

The bank’s branch manager Elvis Chimbinga says government under its recapitalization programme has financed the construction of the new office building at the cost of two point eight million kwacha.

Mr. Chimbinga disclosed this in Kawambwa District of Luapula Province yesterday at the official handover of a tractor to a peasant farmer Maybin Mwila under the Bunjimi asset plus loan facility.

He said the construction of the modern office building in Nchelenge clearly demonstrates the government’s desire to take the banking facilities closer to the people especially in the rural communities.

He further said NATSAVE remains committed to the provision of quality banking services and the construction of the modern office building will go a long way to enhance quality and ensure conducive working environment.

Mr. Chimbinga also disclosed that NATSAVE which already has presence in all the ten provinces will in the next six months open another branch in Mwense District under its expansion programme.

Mr. Mwila becomes the first farmer in Luapula Province to benefit from the partnership of NATSAVE and the Zambia National Farmers Union (ZNFU) Bunjimi Asset plan.


And speaking during the same function, Kawambwa District Agricultural Coordinator Davis Mwansasu said labour saving equipment such as tractors will greatly make farming more profitable and lead to increased productivity in the area.

Mr. Mwansasu said the ministry of agriculture and livestock through the Smallholder Productivity Promotion Programme is offering labour saving equipment with matching grants to enhance farming.

He said under the facility small scale farmers can access hammer mills, threshing machines, hydraulic oil pressing machines and solar cassava driers among other implements.

The DACO said the facility is accessible to registered farmer organisations in the nine agricultural camps of Kawambwa that are implementing the Smallholder Productivity Promotion Programmes.

He disclosed that the ministry of agriculture through the FINNISH government funded Programme for Luapula Agricultural Rural Development (PLARD) has introduced the animal draft power to enhance productivity.