By JACKSON MAPAPAYIAN Economist in Solwezi has welcomed the policy interventions that Government has put in place to combat COVID-19.Robert Kahemba said the measures would provide relief and ensure sustainable amount of liquidity in the economy.Mr Kahemba’s comment comes in the wake of the Bank of Zambia’s release of K10 billion to commercial banks for lending to Small and Medium Enterprises (SMEs) at affordable rates.He noted therefore, that BoZ should facilitate for commercial banks to lower interest rates so as to promote increased borrowing for SMEs and enterprising households.“And since it is a directive, all commercial banks should oblige and provide loans at very affordable rates and it must be adhered at all costs,” he said.Mr Kahemba said in line with the President’s call ,the ministry of Finance should ensure that priority was given to SME’s such as those running schools, gymnasiums, restaurants, bars and nightclubs whose operations had been suspended.He further called for consolidation […]
Govt saluted over stimulus package
