Tag Archives: financial

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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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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Lusaka City Council increases its 2013 budget by 16 per cent

LUSAKA city council has increased its 2013 budget by 69 per cent from K167.8 billion in 2012 to KR282 million (K282 billion) this year. And mayor Daniel Chisenga says whatever decisions the council makes should be in the interest of … read more »

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STATEMENT BY THE INSPECTOR GENERAL OF POLICE ON THE CURRENCY REBASING EXERCISE

Following reports that some people are keeping the old K100 banknotes with intentions of exchanging them with the rebased K100 banknotes to unsuspecting members of the public, we the Zambia Police would want to assure the nation that we are … read more »

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Financial institutions give out K10 trillion in loans

By Business Reporter FINANCIAL institutions in Zambia have disbursed loans amounting to about K10 trillion to various sectors of the economy as compared to K9 trillion in the previous year, the Bank of Zambia (BoZ) has said. BoZ acting assistant … read more »

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More Zambians now financially served

By Business Reporter THE number of Zambian adults who are financially served has increased slightly from 33.7 per cent in 2005 to 37.3 in 2009, the latest FinScope survey has revealed. And Finance and National Planning Minister Situmbeko Musokotwane has … read more »

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ZCI records $19.4 m profit

By Business Reporter THE Zambia Copper Investment Limited (ZCI), which has now rebranded to ZCI Limited, recorded a returned profit of US$19.4 million during the financial year that ended March 31, 2010, company chairperson Tom Kamwendo has said. Mr Kamwendo … read more »

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ZCI records $19.4 m profit

By Business Reporter THE Zambia Copper Investment Limited (ZCI), which has now rebranded to ZCI Limited, recorded a returned profit of US$19.4 million during the financial year that ended March 31, 2010, company chairperson Tom Kamwendo has said. Mr Kamwendo … read more »

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