Tag Archives: bank

Barclays to merge SMEs banking

BARCLAYS Bank Zambia Plc is set to merge the Small and Medium Entrepreneurs (SME) banking with local business in an effort to provide an offering that meets the needs of small scale businesses. Speaking on behalf of company managing director … read more »

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REFLECTIONS OF A DEAR LEADER

By Baba Monday “Pusa summoned by investigative unit…presidential immunity threatened …” daily nation Hmm…Eya let’s see his tricks .makaka.. Tuesday “LIFT ALL IMMUNITIES FOR ALL PAST AND PRESENT PRESIDENTS..cries pressure group “daily news Hmm..That’s stupid. What? To include my Tata … read more »

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BOZ targest 7% growth for 2013 first half

The central bank has projected an annual gross domestic product (GDP) growth rate of 7% in the first half of the year 2013. Bank of Zambia Governor Michael Gondwe has observed that the country’s economic prospects for the first quarter … read more »

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Zambia Railways rehabilitation to unlock mineral resource potential

STANDARD Bank says the allocation of US$ 120 million to Zambia Railway Limited (ZRL) to rehabilitate its infrastructure and railway network will form the catalyst for Africa’s ability to unlock bulk mineral resource potential. The bank notes that with the … read more »

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Stanchart to inject $300m in local SMEs

THE small-scale business sector is to receive a boost from Standard Chartered Bank which has projected to inject a total of US$300 million to support the growth of Small and Medium Entrepreneurs (SMEs) in the country. Standard Chartered Bank managing … read more »

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Kwacha reaches the lowest in almost four year

Zambia’s kwacha retreated for a third day, reaching the lowest in almost four years, amid speculation mining companies refrained from selling dollars in the market. The currency of Africa’s biggest copper producer fell 0.5 percent to 5.3772 a dollar as … read more »

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Zambia to benefit from AfDB’s $350m

Zambia is expected to benefit from the US$350 million set aside by the African Development Bank (AfDB) to fight drought and food insecurity in Africa. AfDB resident representative to Zambia Freddie Kwesiga said the bank would also provide about $100 … read more »

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BOZ introduces cap for microfinance lending interest rates

This follows similar recent measures taken on commercial banks by the central bank. Bank of Zambia Head of Public Relations Kanguya Mayondi in a statement released to QFM News this measure has been necessitated on account of the exorbitant interest … read more »

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Rebased Kwacha falls against the US dollar

The kwacha slipped significantly by mid- morning, trading at KR5.33 ( K5, 330) against the greenback after Tuesday’s close of KR5.156 ( K5156) by Lusaka based bureaux. On the central bank, little changed with the kwacha buying and selling at … read more »

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