Kwacha hits K21 mark, threatens economic recovery
• The continued depreciation of the Kwacha is becoming of concern.• It threatens the recovery in terms of economic activity seen in the last two
Category : Financial Insights
Government to incorporate financial education in teachers’ training
• This is to empower them with financial knowledge and skills that enhance their practice.• Financial literacy is crucial for all societies.• The Ministry working
Protracted debt restructuring continues to exert pressure on Zambian Kwacha
• This has put Zambia in a very difficult situation.• Investors are looking at the protraction of the debt restructuring process as a hindrance to
German Bank sets aside 12 million Euros grant to facilitate infrastructure Development in Monze
• KFW Bank says it has set aside 12 million Euros grant to facilitate infrastructure Development in Monze District• Monze is one of the targeted
Kwacha continues on back foot
• The recent bond auction by Bank of Zambia indicates that only about 37% was realized from the targeted K2.6 billion.• This is a true
Kwacha expected to continue weakening
• The Kwacha has continued to depreciate against major convertible currencies, the dollar, the Euro, and the Pound.• This is despite the Central Bank intervening
Standard Chartered Bank posts US$ 4.8 Billion profit before tax in 2022
• The bank also recorded a return on tangible equity of 8.0 percent, up to 120 basis points in 2021.• The bank targets a return
Bank of Zambia to support lower interest Green Electricity Loans
• Bank of Zambia says it is currently working on Green Finance Loan guidelines.• This is to support lower interest Green Electricity Loans for the
MPR adjustment will increase cost of borrowing – Economist
• This will ultimately increase the cost of doing business.• It will also reduce liquidity in the economy.• The move is good in terms of
Bank of Zambia raises Monetary Policy Rate to 9.25%
• The decision was underpinned by the projection that inflation will increase and remain above the target range.• Inflation continued to decline in the fourth