(Bloomberg) -- Wednesday’s Bank of Zambia interest-rate increase has barely slowed the kwacha’s slide, with the currency sinking to a fresh record low against the dollar. The kwacha extended its ...

Zambia’s central bank is still consulting over plans to curb the use of foreign currency in domestic transactions, with Governor Denny Kalyalya calling out a “frenzy” of critics publicly questioning ...

Zambia’s central bank aims to raise about 8.9 billion kwacha ($378 million) by asking banks to sell dollars and use the proceeds to buy local-currency bonds as it seeks to secure funds to pay ...

Zambia, in common with several neighboring countries, is exploring a potential central bank digital currency (CBDC) and expects to complete its research later this year, according to a Bloomberg ...

Zambia’s government on Thursday improved the terms of a tender offer to holders of its $1.36 billion Eurobond maturing in ...

Should you have feedback on this article, please complete the fields below. Please indicate if your feedback is in the form of a letter to the editor that you wish to have published. If so, please be ...

A view of the Bank of Zambia in Lusaka, Zambia February 23, 2024. REUTERS/Namukolo Siyumbwa/File Photo LUSAKA, May 23 (Reuters) – Zambia’s central bank kept its main interest rate unchanged on Friday ...

In a development signalling Africa’s accelerating transition toward a unified digital financial ecosystem, the Bank of Zambia (BoZ) has officially authenticated the AKL Lumi endorsement letter issued ...

Investing.com -- The central bank of Zambia has decided to maintain its benchmark lending rate at 14.50%, according to an announced on Friday. This decision comes after the Bank of Zambia had ...

The head of the Bank of Zambia is a religious man. And he needs to be in a country that was until a few years ago infamous for corruption, the weakness of its central bank, the woeful inadequacies of ...