Wed, 24 Jan 2018 17:35:18 +0000 By MAILESI BANDA FINANCIAL sector players have advised Government to develop policies that will encourage savings at individual and household levels to create funds for investment. Bankers Association of Zambia chief executive officer Leonard Mwanza said creating supporting policies to enhance a saving among Zambians will help create more funds for banks to give to economic growth sectors. Mr. Mwanza said this when he made a submission to the Parliamentary Budget Committee on domestic resource mobilisation and the national budget. “We are of the view that developing policies which encourage savings at individual and household levels is an important aspect of not only increasing financial inclusion but a pool of funds from which banks can tap funds,” Mr. Mwanza said. He said the funds realised from savings would in turn be channeled into growth sectors of the economy such as mining and agriculture, tourism as well as supporting Small […]
