Zambia
Fundanga on relations with the Embassy of France
In a speech on 'Relations between the Embassy of France and the Bank of Zambia' given on 18 January Dr Caleb M Fundanga of the Bank of Zambia said for some time now, our two institutions have been collaborating closely on the details of this MoU to…
Removal of BOZ governor 'should be by tribunal'
In a written submission to Zambia's Constitution Review Commission, the governor of the Bank of Zambia Dr Caleb Fundanga said the removal of a central bank governor from office should be by a tribunal constituted by the Chief Justice.
Bank of Zambia implements Perago RTGS network
The Bank of Zambia has implemented an electronic funds transfer system supplied by Perago Financial System Enablers, according to FinExtra, to align the national banking industry with international standards for real-time gross settlement (RTGS).
Africa's first polymer banknotes to stay
Africa's first and only polymer banknotes, issued by the Bank of Zambia, will remain in circulation despite their disappointing performance, the bank said Tuesday 11 May.
Zambia's Fundanga speaks to the media
Dr Caleb M.Fundanga speaks on media relations and key economic developments in Zambia during 2003. He asks the press to talk in a constructive way of the positive developments that have taken place in the last year and goes on to list these.
Intro of electronic funds transfer cheers BNZ
The central bank of Zambia's Currency and Payments Systems Director Morris Mulomba has said despite the important role cash plays in the economy, it is neither prudent nor convenient to pay for goods using cash, according to Zambia News Agency. He urged…
Zambia's Fundanga on combating money laundering
SPEECH - In the paper 'The role of the banking sector in combating money laundering' Caleb Fundanga of the Bank of Zambia said at the Bank of Zambia, our challenge is to recognise that technology and globalisation has given money launderers an…
Mfula appointed Bank Of Zambia deputy governor
President Mwanawasa has appointed Bank of Zambia (BoZ) regional director, Felix Mfula as deputy Governor (administration) for the central bank. Mr Mfula's appointment comes into effect immediately.
Zambian central bank to introduce high value notes
ZAMBIA - The Bank of Zambia said Saturday it has embarked on a national currency restructuring program that will ultimately result in the launching of high value notes in 50,000kwacha (US$10.99)and 20,000kwacha denominations.
IMF approves Zambian funds
ZAMBIA - The International Monetary Fund (IMF) has approved $317m (£216.4m) financing for Zambia's 2002 economic plan to target poverty reduction.
Zambia replaces c bank governor Mwanza
ZAMBIA - Zambian President Levy Mwanawasa has terminated the contract of central bank governor Jacob Mwanza with immediate effect, presidential spokesman Arthur Yoyo said on Tuesday.
Zambia cbank-debt relief conditions must be met
ZAMBIA - Zambia's central bank warned on Mar 30, 2001 that the southern African country faced a very difficult environment if it failed to meet conditions for a $3.8 billion debt relief package.
MP Sichinga blames BoZ for Union Bank's collapse
East independent member of parliament Robert Sichinga on Feb 14, 2001 blamed Bank of Zambia' (BOZ) for the closure of Union Bank Zambia Limited, the Post of Zambia reported on Feb 15. Sichinga complained that the central bank had failed provide effective…
Zambia c.bnk imposes new rules to defend kwacha
The central Bank of Zambia on Feb. 5, 2001, imposed new rules to defend the battered kwacha, which it says is a victim of speculators and unscrupulous businessmen. In a statement, the bank said it had reduced overall foreign exchange exposure limits for…
Zambia economy on mend,2000 growth seen near 4%
Zambia's economy is on the mend after a strong showing by the key mining sector late last year, and is likely to show growth approaching the government's four percent target for 2000, analysts said on Jan. 25.
Zambia technical group to probe kwacha weakness
Zambian Finance Minister Katele Kalumba said on Dec 22 the government had appointed a technical committee to study the kwacha's weakness and recommend ways to stabilise the currency.
Zambian banks implement clearing system by Dec 31
All Zambia banks are expected to subscribe to the Direct Debit and Credits Clearing (DDACC) stream of clearing transactions by Dec. 31.
Anglo sees no immediate impact of Zambia controls
Mining giant Anglo American Plc said on Wednesday its business interests in Zambia would not be affected immediately by the country's decision to impose limited foreign exchange controls.
Zambia c.bank sets forex controls to help kwacha
Zambia's central bank introduced limited foreign exchange controls on Tuesday to stem the decline in its currency this year, drawing swift protests from companies in the country.
Bank of Zambia wants business plans from banks
Commercial banks in Zambia will, effective next year, be required to submit yearly business strategic plans to the central bank.
Bank of Zambia will not intervene to help kwacha
The governor of the central bank of Zambia said on Friday he expected the kwacha to go on falling against the dollar and his bank would not waste resources on trying to intervene and stop the slide.
Zambia October annual inflation up to 28.6%
Zambia's annual inflation rose to 28.6% in October from 27.7% in September and 25.9% in August, the Bank of Zambia said on Thursday. The figure was higher than the October inflation rate of 24.3% given by the Treasury earlier in the week.
Zambian central bank governor appears before court
Zambian central bank governor Jacob Mwanza has been called to stand before the Lusaka High Court for contempt of court, the Post reported on Tuesday.