Banking / Investment in Zambia
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DJIBOUTI CITY, 2015/01/04
Regional microfinance institutions are poised to benefit from regional integration, if they apply for an observer status at the East African community secretariat, Innocent Safari, the permanent secretary, Ministry of East Africa community affairs has said.
The advice follows plans by sector players to move towards integrating legal and regulatory frameworks during the recently concluded microfinance CEO's summit in Kigali.
During the summit, top micro finance managers resolved to explore ways in which laws, regulations and supervisory frameworks governing the sector can be harmonised to enhance cross-border business.
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ZAMBIA, 2014/08/31
THE Government and the African Development Bank (AfDB) have invested about K600, 000 in the construction of 33 VIP pit latrines in Mporokoso District aimed at improving sanitation situation in the area.
PLADOC Enterprises site manager Kapembwa Kapembwa said his firm was engaged by the Government to construct about 33 VIP pit latrines in Mporokoso at a cost of K600, 000.
Speaking during a media tour organised by the National Savings and Credit Bank (Natsave) in Mporokoso, Mr Kapembwa said the project was expected to be completed by the end of the year, saying that the VIP pit latrines would help improve the sanitation in the area.
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CHINA, 2013/10/17
TODAY on the Policy Analysis, we will have a glance at Zambia's multi-facility economic zones (MFEZs), narrowing down to the Zambia-China Cooperation Zone (ZCCZ) and its contribution towards the investment outlook.
To do that, I invited our senior reporter to discuss the ZCCZ zeroing in on the equitable it recently hosted.
THE Government has continued to score success in conference its mandate of promoting trade and investment in Zambia.
This is evidenced by the growing number of both local and foreign investors that have continued to invest in all sectors of the economy in Zambia.
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ZAMBIA, 2013/10/02
Illicit financial outflows are the missing link between the profits of multinationals and the poverty faced by the majority of Zambians.
Zambia is endowed with great copper reserves, from presently on, despite this wealth, over 60% of its people lives below the poverty line. Much of the money generated in the natural resources sectors does not seem to benefit local people. Instead, the money leaks out of the formal economy- a cause of frustration for a lot of.
However, tackling the corruption and money laundering schemes that deprive Zambia of its rightful revenues is not an issue the country has been able to transaction with on its own.
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ZAMBIA, 2013/07/28
The International Finance Corporation will issue a kwacha-denominated bond as it looks to deepen local capital markets
The International Finance Corporation is preparing to issue a medium-term kwacha-denominated bond aimed to deepen Zambia’s non-sovereign deficit market. The private sector arm of the World Bank is conducting preliminary roadshows and will launch the note in coming months, according to officials.
The size and maturity of the bond has not been set, although Zambia’s Securities and Exchange Commission approved the issuance of a series of notes worth up to 2.5bn kwachas ($460m). Their proceeds will be used to fund local IFC operations inclunding infrastructure and financial access programmes.
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ZAMBIA, 2012/12/08
THE total price of Chinese investments into Zambia has increased to extra than US$2 billion, with most of them being in the mining sector on the Copperbelt.
Other investments are in agriculture, manufacturing, construction, energy and tourism.
Chinese Ambassador to Zambia, Zhou Yuxiao said the Chinese investments had reached extra than US$2 billion in the last few years.
