ALTHOUGH the Bank of Zambia has injected K10 billion stimulus package into the country’s economy, it appears that the initial excitement with which it was received has brought also raised some anxiety among stakeholders.One of the most asked question has been who is eligible and how to access the facility.Government has stipulated that the package is meant to help local businesses navigate through the uncertain terrain brought about by the global coronavirus pandemic (Covid-19).But amidst the uncertainly, we are glad that Government appears to be aware of the nagging questions and has come out to reassure the nation on how the stimulus package would work.Finance Minister Bwalya Ng’andu on Wednesday said Government had increased the number of Non-Financial Institutions that will lend money under the K10bn lending facility.Commercial banks, according to Dr Ng’andu were expected to peg the interest rates for funds obtained from the facility around 16 to 17 percent.Interest rates on the market […]
Roll out package
