Tag: bank

EXPAND TO RURAL AREAS, BANKS URGED

Muzipasi Mkandawire Luapula Province Minister DERRICKY CHILUNDIKA has implored players in the financial sector to spread out to rural parts of the country. Mr. CHILUNDIKA says people in rural areas also need banking services. He said this at the official opening of a newly constructed Atlas Mara Bank in Samfya District. Mr. CHILUNDIKA said government

BANK OF ZAMBIA BUYS 478KG GOLD

(ZANIS) The Bank of Zambia has purchased 478.76 kilograms of gold at a cost of 604.3 million Kwacha since December 2020. In a statement, the Bank of Zambia, Communications Division says this is broken down in 391.92 Kilograms purchased from Kansanshi Copper Mining Plc at a cost of 500.5 Million Kwacha and 86.84 Kilograms purchased…

MONETARY POLICY UP TO 8.5%

The Bank of Zambia has raised the Monetary Policy from 8 percent to 8.5 percent. Governor Christopher Mvunga says the decision to raise the monetary policy rate to 8.5 percent was based on inflationary pressure and the weak economic environment. Mr. Mvunga said this when he announced the Monetary Policy committee decision at Bank of…

MVUNGA CHALLENGES BANKS ON INNOVATION

By Mary Kachepa- Bank of Zambia Governor Christopher Mvunga has urged commercial banks to continue being innovative and providing customers with global banking products that meet evolving financial needs. Mr. Mvunga says this is important especially amidst the Covid-19 pandemic. The Central Bank Chief was speaking during the official opening of the ABSA Bank Zambia…
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