BoZ closes 3 micro financial institutions

ESTHER MSETEKA, Lusaka THE Bank of Zambia (BoZ) has closed and placed two micro finance institutions (MFIs) under compulsory liquidation due to insolvency. This entails that an organisation, or individual, can no longer meet its financial obligations with its lender or lenders as debts become due. BoZ named Commercial Leasing Zambia Limited and Genesis Finance […]