By CHARLES MUSONDATHE Bank of Zambia (BoZ) should intervene in banks that are pursuing small and medium entreprises (SMEs) to repay loans they got before the COVID-19 outbreak, an opposition political party leader has demanded.Forum for Democracy and Development (FDD) acting spokesperson Yotam Mtayachalo said BoZ should call for a meeting with all the banks and other financial lending institutions to give them guidelines on how to handle the issue in the wake of the COVID-19 outbreak.“The issue of banks and other financial institutions who are pursuing people who got loans (before COVID-19 outbreak) is very unfortunate because it is not these people’s making that they are struggling to pay back and why should the banks push them?“It is not only bars, nightclubs, restaurants and others that have been affected. The entire SMEs have been affected in one way or another by the restrictions put in place, which have seen most businesses go down,” Mr. […]
Protect SMEs from predatory banks, BOZ told
