Central Banking

Banks should lead in growth effort: Zambia CB head

Caleb Fundanga, the governor of the Reserve Bank of Zambia, urged the country's banking industry to invest more in order to spur economic growth and reduce poverty.

Speaking in Lusaka last week, Fundanga said: "It is important for banks in Zambia to take the lead in implementing actions, which contribute to the development of the financial infrastructure and support the development of our economy."

Fundanga said he would like to banks to:

open more branches, especially in rural areas;


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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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