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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…
July 22, 2023
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…
December 16, 2022
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…
February 23, 2021
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…
December 14, 2020
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…
March 10, 2017
Zambia Secure USD50m for SMEs
The African Development Bank (AfDB) has approved a USD50m line of credit to the Development Bank of Zambia…
October 24, 2016
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)…
September 16, 2016
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…
August 25, 2016
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…
August 18, 2016
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…
May 26, 2016