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Finance
93 posts
About Zambia’s financial sector.
Bank of Zambia Takes Over Development Bank of Zambia and Betternow Finance Company
The Central Bank of Zambia (BoZ) has informed the public that it has taken possession of two financial…
UK Provides USD 50 Million To Zambian Micro-SMEs Via Local Bank
British International Investment (BII), the UK’s development finance institution and impact investor, has provided a USD 50 million…
Zambia Central Bank Increase Interest Rate to 8.5% in February 2021
On February 15-16 2021, the Monetary Policy Committee (MPG) of the Bank of Zambia (BoZ) decided to adjust…
Paypal’s Money Transfer Service Start in Zambia
Xoom, PayPal’s money transfer service, announced that its customers can now send money transfers directly to mobile wallets…
Zambia Central Bank Reduces Interest Rate to 14% in February 2017
On 22nd February 2017 the Bank of Zambia (BoZ) reduced the Policy Rate from 15.5% to 14%, the…
Zambia Secure USD50m for SMEs
The African Development Bank (AfDB) has approved a USD50m line of credit to the Development Bank of Zambia…
Copper Prices Key to Zambia Currency Strength, WB Say
Global copper prices are of key importance to the strength of the Zambian currency, the World Bank (WB)…
Zambia Mobile Money Transfer Startup Raise USD15m Investment
Zoona, a fintech startup focused on mobile money transfer between Zambia and Malawi, raised USD15m to scale up its…
Zambia Pension Industry on the Rise
The net assets for the Zambian pension industry rose from ZMW5b in 2014 to ZMW5.7b in 2015, representing…
Development Bank Of Zambia Sets Aside USD30M For Loans To SMEs
The Development Bank of Zambia (DBZ) has set aside USD30m for lending to Small and Medium Size Enterprises…