TRYNESS TEMBO, Lusaka
ZAMBIAN Breweries (ZB) says reduction in monetary policy rate and lower interest rates experienced during the last half of the year helped to improve the trading conditions for the company.
The company notes that the stability of the Kwacha is anticipated to continue to reduce the import costs for raw materials.
HONE SIAME, Lusaka
MINISTER of Finance Felix Mutati has called on financial institutions to support Government’s development agenda by reducing interest rates so that small and medium enterprises (SMEs) can access loans and engage in viable economic activities.
Analysis: MWENYA CHITALU
NON-PERFORMING Loans (NPL) risk management does not lie in high, exploitative and inequitable interest rates as it is being construed by the Bankers Association of Zambia (BAZ) and the Banking and Financial Services (BFS) providers.
KABANDA CHULU, Lusaka
MINISTER of Finance Felix Mutati has urged commercial banks to further reduce interest rates as they will still make profits.
And visiting Standard Chartered bank group chief executive officer Bill Winters says Zambia has continued to present long term growth opportunities across multiple sectors.
TRYNESS TEMBO, Lusaka
ZAMBIA’S private sector and households still continue to grapple with high interest rates, which undermine Government’s efforts of reducing the cost of doing business.
The current interest rates in the country are high and have negatively affected the country’s private sector and households, who have had to bear the burden.
NKOLE MULAMBIA, Ndola
INVESTRUST Bank Plc has projected that interest rates are generally likely to significantly drop from around 30 percent by half this year due to positive macroeconomic fundamentals and measures taken by the central bank.
NANCY MWAPE, Lusaka
THE Bank of Zambia (BoZ) has reduced the monetary policy to 12.5 percent in a bid to reduce the prevailing high interest rates.
Speaking at a media briefing yesterday, BoZ governor Denny Kalyalya said the
KALONDE NYATI, Lusaka
INTEREST rates, which have marginally reduced, are in the medium term expected to drop further as the expensive long-dated deposits contracted by commercial banks mature, the Bankers’ Association of Zambia (BAZ) says.