Africa > East Africa > Zambia > Banking / Investment

Banking / Investment in Zambia

  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • East Africa: Regional Microfinance Institutions Advised to Apply for Observer Status

    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.
  • Zambia: State, AFDB Invest K600, 000 in Mporokoso Lavatory Project

    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.
  • ZCCZ Contributes Towards Investment in Zambia

    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.
  • Zambia's Tangled Webs and Flows

    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.
  • The International Finance Corporation to launch Zambia local currency bond

    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.
  • Chinese investments into Zambia

    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.