By OLIVER SAMBOKOPARTIAL withdrawal of pension benefits by members of the National Pension Scheme (NAPSA), will not only provide for access to finances but will also promote financial inclusion among citizens, the Civil Society for Poverty Reduction (CSPR) has observed.CSPR executive director Faides Tembatemba, said the organisation is elated that President Hakainde Hichilema has signed the National Pension Scheme Amendment Bill of 2023 into law, which allows for the partial withdrawal of pension benefit.She said the development will enable citizens to invest the funds into various ventures and assets that will increase their income and improve their wellbeing and consequently creating jobs thereby contributing to the country’s economic development agenda.She said the new law presents an opportunity for Citizens to invest in agriculture and food processing.She also urged government and other stakeholders to enhance the promotion of financial management especially for vulnerable groups such as women and youth.Ms Tembatemba said Zambia has been dealing with […]
NAPSA partial withdrawals to promote financial inclusion – CSPR
