Bank of Zambia Governor Christopher Mvunga says there is need to address cyber risks in the financial sector because it one of the major challenges affecting the financial sector. Mr. Mvunga however says multi-national banks have a globalized system that they use to store information and might not be possible to ask them to move…
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…
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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