Wed, 07 Feb 2018 11:04:21 +0000 By MAILESI BANDA THE Development Bank of Zambia (DBZ) disbursed loans worth over K89 million to 18 companies, including large corporations and small and medium enterprises in 2017. Stakeholder relations officer, Kaputo Liyani says of the money disbursed, US$5,596,282 was in dollars while the K33,599,612 was in the local currency. Mr. Liyani said the amounts were disbursed to large corporations and SMEs that had presented viable business proposals, which would contribute to poverty reduction, creation of stable employment, and the provision of different economic opportunities in Zambia. He noted that the total number of firms benefiting from the funds is 18. “The funds disbursed are supposed to contribute to poverty reduction, creation of stable employment, and the provision of different economic opportunities in Zambia.” “We have therefore managed to fund 18 firms with the distribution per sector being as follows: 39 percent for agro-processing, 25 percent for manufacturing, […]
