Recent Posts
Connect with:
Saturday / October 26.
HomeCompaniesFNB Zambia launches solar transition project to address energy crisis and enhance operational resilience

FNB Zambia launches solar transition project to address energy crisis and enhance operational resilience

FNB Zambia has launched a comprehensive solar transition project in response to the ongoing energy challenges affecting the nation. As part of its energy crisis management initiative, the bank is transitioning its branches to solar power across the country, beginning with three sites—two in Lusaka and one in Mkushi—while identifying five more locations for implementation in the near future. This strategic move underscores the Bank’s commitment to ensuring uninterrupted service for its customers and supporting the national push for sustainable energy solutions.

As energy disruptions continue to impact various sectors, FNB Zambia is prioritizing reliable power solutions to maintain high service standards for its clients. The solar project, which will also incorporate genset installations at some branches, is designed to strengthen the bank’s operational resilience, ensuring that FNBZ branches remain accessible and operational even during power outages.

“Our decision to invest in solar energy is both a strategic and responsible approach to the current energy challenges. As a leading financial institution, it is imperative that we offer our clients consistent service at all times,” said FNB Zambia CEO, – Kapumpe Chola. “This transition is part of our broader commitment to sustainable practices and operational efficiency. It’s about ensuring business continuity and being part of the solution in Zambia’s energy space.”

The bank’s journey began with solar installations at its Kalumbila branch in North-Western Province. Since then, three (3) branches: Lusaka Private Suite, Kabulonga Branch, Mkushi Branch have been completed. Kabwe Branch, Kitwe Private Suite, and Choma Branch are the sites expected to be operational in the coming weeks. The next phase will focus on five additional sites, including Livingstone and the FNB Head Office, where space constraints and logistical considerations are being actively managed to accommodate the new infrastructure. Genset installations are also being prioritized at key locations to complement the solar systems and provide a robust energy backup.

Addressing the Challenges: FNB’s efforts to transition to solar have not been without challenges, particularly with building landlords who are increasingly overwhelmed by tenant demands for solar structures. “We’re taking a collaborative approach with landlords to find mutually beneficial solutions that will not compromise building integrity,” the CEO added.

Looking Forward: The bank is committed to keeping clients and stakeholders updated on the progress of this project through regular communication and public updates.

“Ultimately, our goal is to lead the way in energy resilience and sustainability for the financial sector in Zambia. As we expand this initiative to more branches, we look forward to contributing to a more stable and sustainable energy environment,” said the CEO.

The transition is expected to significantly reduce FNB’s dependency on the national power grid, providing a long-term solution to energy disruptions while aligning with global sustainability trends.