By BUUMBA CHIMBULU in KabweTHE Bank of Zambia (BoZ) has received applications worth K10.5 billion from both banks and non-banks interested in accessing the relief facility.BoZ has therefore indicated that it is currently determining whether or not the K10bn facility is adequate to support the economy.The central bank in April last year put in place the K10bn Targeted Medium Term Refinancing Facility to assist with liquidity to businesses and individuals during the Covid-19 period.As at May 31, 2021, the BoZ had received applications worth over K10.5bn.BoZ Assistant Director Financial Market Stability Unit, Goodson Kataya, said as at May 31, 2021 the bank received 50 applications of which 20 were from commercial banks and 30 from non banking financial institutions (NBFIs).“The total value of applications received thus far stand at K10.5bn. Of the 50 applications, 23 have been approved representing about 84.1 percent of the value applied for. Eleven of these approved applications are from commercial […]
BOZ STIMULUS PACKAGE LURES K10.5BN APPLICATIONS
