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Author: The Editor
Stanbic Bank Head Global Markets Victor Chileshe shares a stage with Zanaco bank MD Henk Mulder, Barclays Bank MD Mizinga Melu and Stanchart Board Chair Dr. Caleb Fundanga.
Barclays Managing Director Mizinga Melu advised banks to focus on how to provide financial services the digital way. This was during the first davos type panel discussion of the Economics Association of Zambia debut summit themed The Future of Economic Diplomacy – Achieving Inclusive Growth and Sustainable Development. Mrs Melu shared with the audience what role Barclays is playing in the SME sector. Barclays is offering two products called Kongola on the borrowing side and Kasaka on the saving side. “We have harnessed 1 million users who are unbanked through using partnerships with the mobile service providers. Dial *229# and…
Opening the Economic Association of Zambia debut summit in Zambia’s tourist capital, Livingstone to run from 25-26 July, Trade Commerce and Industry Minister Christopher Yaluma said inclusive growth will eradicate poverty and inequalities. He said this in alignment to the theme of the davos styled economic summit dubbed The Future of Economic Diplomacy – Achieving Inclusive Growth and Sustainable Development. Yaluma acknowledged obstacles to attaining inclusive growth which include poor infrastructure, outdated technology, high dependency on extractive industry, high cost of financing, lack of knowledge of markets and weak regulatory frameworks. He acknowledged the regional efforts that are being made to…
Opening the Economic Association of Zambia debut summit in Zambia’s tourist capital, Livingstone to run from 25-26 July, Trade Commerce and Industry Minister Christopher Yaluma said inclusive growth will eradicate poverty and inequalities. He said this in alignment to the theme of the davos styled economic summit dubbed The Future of Economic Diplomacy – Achieving Inclusive Growth and Sustainable Development. Yaluma acknowledged obstacles to attaining inclusive growth which include poor infrastructure, outdated technology, high dependency on extractive industry, high cost of financing, lack of knowledge of markets and weak regulatory frameworks. He acknowledged the regional efforts that are being made…
Copper sheets being transported from the Copperbelt of Africa to South Africa.
Currency in Africa’s copper prouder, Zambia, has remained on the back foot on 23 July closing a few points shy of the 13 psychological barrier as dollar demand weighs. After having opened today’s trading session at 12.8 for a unit of dollar, the copper currency slid 1.2% to 12.95 as at close of business in the capital Lusaka. Earlier hopes of a safety net to be provided by waves of conversion by corporate players, looking to raise funding to meet payroll obligations at month end, are fading as the Kwacha has extended losses from last week levels. Market traders had…
A picture reflecting dollar liquidity with a hundred dollar bill in water.
Newley appointed Deputy Governor Operations at the Bank of Zambia – Dr. Francis Chipimo.
A Kwacha note, Zambia’s legal tender.