Zambia’s financial system solid – BoZBy BUUMBA CHIMBULUTHE Zambian financial system has demonstrated a level of stability, which to some extent has been derived from the strong capital positions that have characterised the local banking industry in the past years.The financial landscape globally as well as in Zambia is changing rapidly while the sector remains stable, according to the Bank of Zambia (BoZ) Director – Bank Supervision, Gladys Mposha.Ms Mposha observed that there were a number of trends that had emerged partly due to the pandemic, for instance, enhanced digitalisation and remote working.This is according to the Zambanker newsletter which is a BoZ Journal.“These trends have brought to the fore, innovations centered on the use of technology in working and delivery of financial services. Use of technology in financial delivery is largely underpinned by lower costs and economies of scale, which can enhance the efficiency and expand the reach of financial services to previously unbanked […]
Zambia’s financial system solid – BoZ
