IDC Group CEO Mr Mateyo Kaluba has expressed confidence that the Shareholder’s agreement signed today between the IDC, Bank of Baroda, Bank of India and Central Bank of India reaffirms a long standing relationship between the four shareholders.
He said the agreement clarifies the roles and expectations of the respective parties, preserves mutual understanding and serves as a solid foundation for the partnership’s strategic intent.
IDC has an equity stake of 40% in INDO Zambia Bank.