The World Bank has invited Zambia to become one of the pilot locations for the human capital project, an initiative aimed at scaling-up access to quality education, health, and skills development. The move has been welcomed by Minister of Finance Margaret Mwanakatwe and her counterpart Minister of National Development Planning, Alexander Chiteme. The project is […]
One hundred and fifty-four workers from Mopani Copper Mines have dragged Stanbic Bank Zambia Limited to the Kitwe High Court for allegedly unilaterally increasing interest rates on their personal loans from 15 to 40 percent. According to a statement of claim filed in the Kitwe High Court commercial registry by Rodgers Chalwe and 154 others, […]
By JOHN SAKALA Turkey’s largest privately-owned investment bank Aktif Bank, to explore opportunities in the banking and financial sector aimed at facilitating trade between the two countries. Aktif Bank Financial Institutions Marketing Manager, Utku Arik said a deligation is expected to be in Zambia today. Mr Arik said during the visit, the delegation is expected […]
By Dickson Jere Last week, banks and other financial institutions pulled out their quarterly financial statements for the year ended. Their balance sheets showed interesting figures. However, what caught most people’s eyes was the Bayport Financial Services one – showing a whopping profit margin that beats commercial banks in Zambia. I am happy with those […]
The Bank of Zambia will be issuing into circulation banknotes that have been upgraded with new security features. The new security features have been included in order to strengthen the security of the banknotes against counterfeiting and for easy verification by members of the public. Bank of Zambia Governor Dr. Denny Kalyalya has told Journalists […]
Alice Nachilembe
The Independent Observer
