Comments on: BOZ Monetary Policy Meeting

By: Timbwi

Timbwi — Thu, 23 May 2024 09:37:10 +0000

In reply to Swahili for the unity of Africa.

Can’t agree more.

By: Swahili for the unity of Africa

Swahili for the unity of Africa — Tue, 14 May 2024 13:38:11 +0000

For once in a very long time, Mmembe has written a constructive piece. This is what is expected of the opposition. Kudos.

By: Ngoma Yamaano

Ngoma Yamaano — Tue, 14 May 2024 12:31:24 +0000

Concerned citizen, any serious bank can know how to secure the loans they give to business people. Collateral can be in the form of properties owned by the business person seeking a loan. Serious business people dont get a monthly pay slip which goes through a bank. All banks need to do is due diligence to deal with irresponsible people who dont want to pay back the loans they obtain.

By: Ayatollah

Ayatollah — Tue, 14 May 2024 12:14:59 +0000

In reply to Ngoma Yamaano.

This is what happens when government mops up all available funds in treasury bills and bonds. When government reduces its borrowing banks will come to you crawling with offers for credit. Nowadays government bonds are under subscribed because there’s no money, eventually banks get idle CDF and lend it to government

By: Concerned Citizen

Concerned Citizen — Tue, 14 May 2024 11:42:36 +0000

In reply to Ngoma Yamaano.

@Nhoma Yamaano your concerns are valid. The biggest challenge we face is that we lack a culture of responsibility, believe me many people will not pay back the loans. We have ourselves to blame.

By: BlackMan

BlackMan — Tue, 14 May 2024 10:55:08 +0000

The usual rubbish from the bush doctor Fred M’membe.
For a man who is supposed to have a phd, his writings are very unintelligent. Mostly gossip and not facts.

By: landmark

landmark — Tue, 14 May 2024 09:28:03 +0000

ABSA …………..

By: Ngoma Yamaano

Ngoma Yamaano — Tue, 14 May 2024 09:08:34 +0000

It is annoying that commercial banks only cover loans to people who can show a payslip and who gets their salary through the same bank. Why cant banks like ABSA offer loans to people who just run business or may have other sources of income such as rental income as collateral for loans. These commercial banks that want riskless money are not good in supporting business development and growth in Zambia. The regulator of commercial banks should look at the terms and conditions commercial banks offer as a precondition for loans. Only offering loans to employees where banks can deduct from their salaries wont support business development.

By: Liveve

Liveve — Tue, 14 May 2024 08:27:43 +0000

Commercial banks are reaping from CDF . Absa is the worst. Why does the govt allow this nonsense?

By: Ayatollah

Ayatollah — Tue, 14 May 2024 07:27:22 +0000

Where you miss it is that more often than not, institutions like BoZ don’t make decisions that can correct whatever prevailing situation but those that seem to be politically correct in the eyes of the appointing authority. When committees like the MPC meet, it’s either to endorse what’s already been hinted from above or to make recommendations that least stand any chance to be adopted. If they insist that their views are correct, they get fired instantly after being accused of working against the government. In such a scenario you don’t expect reason to prevail.