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Stanbic donates K50,000 towards Police Sports Day

STANBIC Bank has donated K50,000 towards the hosting of the Police Sports Day.

Speaking when he handed over the cheque at Lusaka’s police headquarters, Stanbic Bank chief executive Leina Gabaraane said the bank was excited to partner with the Zambia Police Service to promote sport.

“We also know that through sport and healthy living, the cost of health in an economy will actually reduce quite significantly, so sport is quite critical. But above all, as a financial institution in Zambia, we believe that we also need to be contributing to reducing unemployment. And through sport, unemployment can actually be reduced quite substantially. The importance of sport in any economy can never be underestimated,” he said.

Gabaraane added that the bank’s commitment and investment in Zambia goes beyond market-leading banking services and economic support.

“As a financial institution in Zambia, we are a for-profit organisation, but we support quite a number of initiatives in Zambia, one of which is in agriculture. In fact, we are the largest lender to the agricultural sector, we are the largest lender to the mining sector. And today as we speak, we have been the largest bank in Zambia and the leading bank in Zambia,” he said.

Gabaraane however, said being a for-profit organisation, the bank does not just believe it exists for profit, but that it believes that there is a lot more that it should be providing to the community in Zambia.

“Our mantra is that because we are Zambian, we have to move Zambia forward. But an important pillar of what we do as a citizen of Zambia and moving her forward, is in our corporate social responsibility. There are quite a number of initiatives that we’ve done as an organisation towards CSR, which spans the provision of housing to the less privileged…we also provide support to mothers’ shelters, provides support to education,” he said.

Meanwhile, Inspector General of Police Kakoma Kanganja said the Zambia Police Service remains committed to continue establishing and supporting meaningful partnerships aimed at realising the overall mandate of maintaining law and order for a secure and peaceful environment in Zambia.

“Physical fitness of police officers is an integral component of modern policing. As a result, improving sport in law enforcement wings like Zambia Police Service cannot be achieved without partnership and collaboration with external stakeholders like Stanbic Bank,” he said.

In a speech read on his behalf by Zambia Police commissioner in charge of administration Lombe Kamukoshi, Kanganja called on other cooperating partners and the business community to emulate Stanbic by partnering with the Zambia Police Service in supporting other sporting disciplines such as judo, cricket, netball and women football among others.

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