ZANACO WORKERS GET 15% PAY RISE FROM ZUFIAW SECURES

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Posted by admin on January 22, 2026 at 5:40 AM

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The Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) have announced a 15 percent salary increase for all unionised employees at Zambia National Commercial Bank (ZANACO) for 2026.

The pay rise follows the successful signing of the 2026–2027 Collective Bargaining Agreement (CBA), which both parties described as the result of constructive and cordial negotiations.

ZUFIAW President Marina Kabonga praised the negotiating teams from both sides for their professionalism and cooperation. She was joined at the signing ceremony by the union’s Deputy General Secretary for Organisation and Recruitment, Christabel Mukefuwa.

Speaking at the event, ZANACO Acting Chief Executive Officer Kalengo Simukoko reaffirmed the bank’s commitment to placing employees at the centre of its growth strategy and long-term sustainability.

ZUFIAW also reiterated its pledge to safeguard workers’ interests and promote a supportive and empowering working environment for its members at Zanaco.