In a significant move towards strengthening economic ties and exploring investment opportunities, ABSA’s Managing Director, Mr. Obeid Laizer, visited the headquarters of the National Development Corporation (NDC) today. The meeting was held with Dr. Nicolaus Shombe, the Managing Director of NDC, to discuss potential areas of collaboration and investment.
The meeting was aimed at fostering a mutually beneficial partnership between ABSA and NDC. Both organizations expressed their commitment to exploring opportunities that would promote economic growth and development in the country.
During the meeting, Mr. Laizer highlighted ABSA’s expertise in various sectors, including banking, finance, and investment. He shared insights on the bank’s strategic focus areas and expressed keen interest in exploring investment opportunities in key sectors such as infrastructure, energy, agriculture, and manufacturing.
Dr. Shombe, on the other hand, welcomed ABSA’s interest in collaborating with NDC and acknowledged ABSA’s reputation as one of the leading financial institutions in the country. He emphasized NDC’s commitment to driving economic development through strategic investments and partnerships by expressing eagerness to explore potential avenues for collaboration with ABSA.
Both parties discussed various investment opportunities, including potential joint ventures, project financing, and other forms of collaboration that could contribute to the economic growth and development of the country. They also discussed the potential for knowledge-sharing and capacity-building initiatives to further enhance the skills and capabilities of Investors, local businesses and entrepreneurs.
The meeting concluded on a positive note, with both ABSA and NDC expressing their commitment to further discussions and exploration of investment opportunities. Mr. Laizer thanked Dr. Shombe for the warm reception and expressed optimism about the prospects of a successful partnership between ABSA and NDC.
As ABSA and NDC continue to explore potential investment opportunities, their collaboration is expected to contribute to the economic development of the country, create employment opportunities, and foster sustainable growth in key sectors. Both organizations look forward to the prospects of a fruitful partnership that would benefit the economy and communities in the region.