BoZ money squeeze to hurt businesses
…in an attempt to curb the escalating inflation, further driving upwards the borrowing rate from banks By BUUMBA CHIMBULU BUSINESSES and individual citizens should brace for hard economic times as … Read More
Tag: Bank of Zambia
Mundubile urges gov’t to cancel K3BN concession to mining sector
THE Patriotic Front has appealed to Minister of Finance and National Planning, Situmbeko Musokotwane to give a progress report on how far the mining sector has gone in ramping up production in exchange for the concessions Zambia gave to investors.
Utilise digital platforms – Mvunga
By BUUMBA CHIMBULUTHE Bank of Zambia (BoZ) has warned that the usage of cash can be hazardous during the current Covid-19 pandemic period.The central bank has therefore encouraged the use … Read More
‘Shore up’ BoZ, Lungu tasks new Governor
By SIMON MUNTEMBAPRESIDENT Edgar Lungu has tasked new Bank of Zambia (BoZ) Governor, Christopher Mvunga, to ensure there is closer coordination between fiscal and monetary policy to consolidate existing measures … Read More
2 NABBED IN FAKE MONEY
By BUUMBA CHIMBULU TWO people, a man and a woman have been arrested in connection with counterfeit notes amounting to K148,000 and believed to have been produced on a high … Read More
Mines mull over dollar tax payment
By BUUMBA CHIMBULUTHE mining industry is studying the impact which will be caused by the recent directive from Governments to remit all taxes over and above mineral royalties in dollars … Read More
Policy rate reduction pushes K10bn rate downwards
By BUUMBA CHIMBULUThe cutting of the interest rates’ benchmark by the Bank of Zambia (BoZ) has simultaneously re-priced the K10 billion stimulus package facility to 10.25 percent from 12.5 percent.The … Read More
IMF conditions stiff for Zambia – BoZ
By BUUMBA CHIMBULUZAMBIA has not been benefiting from financial advantages of being a member of the International Monetary Fund (IMF) because of the stiff conditions which are attached to the … Read More
Are banks shying away from K10bn emergency facility?
By MUTISUNGE ZULUTHE Bank of Zambia (BoZ) on April 3 announced stimulus monetary measures to support financial system stability following the outbreak of the Coronavirus.Covid-19 has brought with it, unique … Read More
Banks reject stimulus
By NATION REPORTERCOMMERCIAL banks have rejected the K10 billion stimulus package meant to assist businesses survive the current storm caused by Covid-19 by extending relief financial support, citing that the … Read More