Zambia records an increase in financial inclusion

Zambia records an increase in financial inclusion »

21 Aug, 2015
Business

ZAMBIA has seen this year seen an increase in financial inclusion among the adult population, the 2015 Finscope Survey has recorded. Speaking when he presented the findings during a one day e-money card and payments summit, Bank of Zambia (BoZ) deputy governor Bwalya Ng’andu, revealed that financial inclusion among the adult population had increased from 37.3 percent in 2009 to 59.3 percent this year.

Zambian banks face money shortage

Zambian banks face money shortage »

31 Jul, 2015
Business

THE Bankers Association of Zambia (BAZ) says banks in the country are struggling to support key sectors of the economy because they do not have enough funds. BAZ President Leonard Mwanza told the Lusaka Star in a telephone interview today that the recently increased statutory reserve ratio empowers the central bank to be entitled to as much as 18 percent of all deposits made in Banks.

BoZ steps up currency rebase campaign

BoZ steps up currency rebase campaign »

12 Oct, 2012
Business

The Bank of Zambia has intensified its nationwide campaign aimed at sensitizing the public on the rebasing of the local currency.   Bank of Zambia Manager for Communications and Protocol Besnat Mwanza revealed that the central bank has deployed a ten man team to educate the public on the process of rebasing.