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Saturday, April 19, 2025
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Banking & Finance

Banking & Finance

Lusaka High Court Orders Forfeiture of Properties Worth Over K100 Million

The Publisher -
The Lusaka High Court has ruled that properties valued at over ZMW 100 million, deemed to be proceeds of crime, are to be forfeited...
Banking & Finance

GRZ Prioritizing Financial Inclusion, Digital Payments, and Fintech for Development – Musokotwane…Digital payments in government operations can save 1.1% of GDP

The Publisher -
Finance and National Planning Minister Dr. Situmbeko Musokotwane says financial inclusion is a moral imperative that must reach everyone and the savings from digital...
Banking & Finance

Vedanta Deposits US$245 million into Court-Designated Escrow Account per Scheme of Arrangement

The Publisher -
Vedanta Resources Holdings Limited (Vedanta) has deposited US$245.75 million into a court-designated escrow account pursuant to the Scheme of Arrangement for Konkola Copper Mines...
Banking & Finance

Businessman Sues Nawakwi

The Publisher -
A businessman who previously issued a demand letter has taken legal action against Forum for Democracy and Development president Edith Nawakwi, seeking K2.5 million...
Banking & Finance

World Bank Pledges Continued Support to Zambia

The Publisher -
President Hakainde Hichilema has met with the World Bank’s Group Managing Director Mr. Wencai Zhang to discuss matters of mutual interest. The discussion at State...
Banking & Finance

Mobile Money Agents Nabbed for Identity Fraud, Data Breach and Theft

The Publisher -
Two mobile money agents are among four people arrested for unauthorized access to data, identity-related crimes and obtaining money by false pretences. Zambia Police deputy...
Banking & Finance

BoZ Refutes Issuing Notice to Phase Out Cheques

The Publisher -
The Bank of Zambia (BoZ) says it did not issue the public notice circulating on social media that it is in the process of...
Banking & Finance

Zambia Receives US$67 Million Drought Relief From USAID

The Publisher -
The United States Agency for International Development (USAID) have granted Zambia US$67 million to help mitigate the effects of the drought in the country’s...
Banking & Finance

IMF Approves US$569.9 Million for Zambia…Executive Board completes third review of Zambia’s Extended Credit Facility

The Publisher -
The International Monetary Fund (IMF) Executive Board has approved the immediate release of US$569.6 to Zambia following the country's satisfactory performance under the Extended...
Banking & Finance

NO 6 Million Hectares Given to Anyone – ZDA…ZDA has no mandate to allocate land of any size

The Publisher -
The Zambia Development Agency (ZDA) has strongly refuted what it has labeled as misinformation regarding the purported allocation of 6 million hectares of land...
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