Financial Inclusion In Zambia Rise From 2 To 24 Percent In Four Years

By Logic Lukwanda

The Bankers Association of Zambia says financial inclusion in Zambia has risen from 2% to 24% in a period of four years.

Speaking at the 2019 banking and financial conference in Lusaka this morning, BAZ chairperson, Kola Adeleke said dynamics in the banking sector are rapidly changing hence the need for banks to move with time and adapt to the e-commerce trends.

Mr Adeleke who disclosed that the movement from 2% to 24% was made between 2014 and 2018 has since called for more innovation in digital and financial services provision by sector players.

And Finance Minister Bwalya Ng’andu who officiated the conference through ministry permanent secretary for economic affairs Mukuli Chikuba said 80% target of financial inclusion by 2022 projection is attainable.

PHOENIX NEWS

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