Senior Economist attributes Kwacha depreciation to fuel, fertilizer imports
• The country has more demand for dollars to support importation of various goods and services like fertilizer and fuel.• Zambia is not producing enough
Tag : bank of zambia
Bank of Zambia raises its benchmark lending rate to 10%
• The bank has cited rising food inflation and the need to contain inflation expectations.• Inflation moved away from the current and projected target range
Kwacha depreciation persists due to high FX demand
• Debt restructuring deal has come with optimism regarding the future of the economy in terms of its performance.• This has resulted in high demand
Bloggers nod increase in Digital Financial Services in 2022
• It reflects a growing acceptance and adoption of digital technologies in the financial sector.• This can have a profound impact on the country’s economy
Association call for heightened security of mobile money business
• Mobile money fraud is an issue that has not been adequately looked into by regulators.• If nothing is done to address mobile money fraud,
Financial Analyst attributes Kwacha weakness to externalization of dollars
• Zambia is importing more than it is exporting.• The country is not generating as much revenue to be able to meet the demand.• These
Government to start negotiations on debt restructuring
• Government will soon start the process of negotiating with its private creditors on debt restructuring.• What government has currently agreed upon, are principles of
BoZ to commence payment of claims from seized funds held by DHI
• This is in line with the court order of 10th August 2022.• BoZ has completed the process of consolidating claims to investors in Destiny
BoZ raises Monetary Policy Rate to 9.50 percent
• The Monetary Policy Committee took into account the actual annual average inflation of 9.6% in quarter one.• BoZ projection is that inflation rate would
Economist attributes slight Kwacha gains to low US dollar demand
• This is resulting from a number of sentiments especially around the country’s debt restructuring.• Bank of Zambia has been intervening to try to ease