Bank of Zambia
New Bank of Zambia powers help tackle tax avoidance
Amendment to Bank of Zambia Act bolsters central bank's ability to monitor flows of capital in and out of the country; economists suggest money could be ‘leaking out'
Zambian governor targets Muslim banking expansion
Michael Gondwe says the economically valuable Muslim community is shunning the use of commercial banks due to lack of appropriate products; proposes banking expansion
Bank of Zambia mounts charge on financial education
Central bank hopes to create financially educated population by 2030 and provide Zambians with tools to secure ‘positive financial outcomes’ for their families
Zambia rate rise to suppress excess liquidity
Bank of Zambia monetary policy committee increases interest rate to combat a range of inflationary pressures
Zambia unveils new currency features
The Bank of Zambia reveals images and security features of new, rebased, currency; now comprises six banknotes and four coins
Zambian deputy governor wants greater female inclusion
Tukiya Kankasa-Mabula says improving female financial inclusion will help unlock higher growth potential; calls for women to take the initiative
Zambian governor calls for shared mobile banking platform
Michael Gondwe discusses the role of mobile banking in financial inclusion; says cooperation between payment systems will help widen access
Zambia sets rebased currency introduction date
Bank of Zambia reveals new currency will enter use at the start of next year; urges businesses to begin preparations now
Zambian governor calls for action on SME finance
Bank of Zambia governor says policy-makers should do more to encourage financial flows to small and medium scale enterprises; examines benefits and risks of extending funding to these firms
New Zambian banknotes will not feature a portrait
Bank of Zambia confirms rebased notes will not portray the image of any person; businesses urged to update systems ahead of changeover date
Zambia plans to start printing new currency by May
Bank of Zambia announces printing, minting and distribution of new banknotes and coins will be under way by May 2012
Zambia raises capital ratio for banks and rebases currency
Bank of Zambia reveals government decision to hike capital requirements for banks operating in the country; three zeros also to be slashed from value of banknotes
Zambian parliament ratifies new governor
Zambian politicians agree on candidate to take over the role of governor of the central bank; Michael Gondwe fills void at top of the institution
Zambian president sparks ‘fake’ money panic
Zambian president refers to 'fake' money in circulation; finance minister accuses central bank of shirking legalities in awarding latest banknote printing tender to German company
Zambia governance void continues
Bank of Zambia website lists every position on the board of directors as “vacant”; still no new governor after Caleb Fundanga was fired
New president fires low-inflation champion Fundanga
Central Bank of Zambia governor Caleb Fundanga fired by new president; no replacement announced yet for governor praised for low inflation efforts
Zambia’s Fundanga on lower stock market transaction costs
Bank of Zambia governor Caleb Fundanga says information in new handbook on Zambian stock market will reduce transaction costs
Zambia’s Fundanga on effects of illegal cross-border trade on monetary policy
Bank of Zambia governor Caleb Fundanga says small-scale cross-border trade could interrupt monetary policymaking
Zambia’s Fundanga on banking sector
Bank of Zambia governor Caleb Fundanga says giving central bank licensing authority was key
Zambia’s Fundanga optimistic about investment outlook
Bank of Zambia governor Caleb Fundanga says survey results indicate decline in foreign private investment to Zambia; new equity investment prospects more favourable
Zambia’s Fundanga: cost of capital still too high
Bank loans within the reach of the masses, but interest rates remain prohibitively high
Zambia’s Fundanga: MoU will scale up research efforts on economy
Bank of Zambia governor Caleb Fundanga hails effort to improve research on country’s economy
Zambia has thrived despite crisis: Fundanga
Bank of Zambia’s Caleb Fundanga said economy performed well in 2009
Zambia’s Fundanga calls for more professionalism
Bank of Zambia’s Caleb Fundanga says the country’s civil service must urgently adopt higher standards of conduct