Financial exclusion in Africa is high, but financial exclusion of African women is even higher: While about one third of the population is completely excluded from the financial sector in Botswana, Namibia and Uganda, this figure amounts to more than half of the population in Rwanda, Malawi and Zambia – and in all six countries more women than men do not have access to services such as bank accounts or payments. Read more.
I am very pleased to announce the launch of the Stakeholder Engagement Web Portal (www.mfw4a.org/stakeholders-engagement), which is very much in line with our mission statement “building networks and knowledge hubs, to promote financial sector development in Africa“. This Web Portal is a simplified, web-based doorway to our stakeholder engagement’s activities and helps achieve our ambition to interact with public and private financial sector stakeholders across Africa. It brings together activities of the Advisory Council, developments on our financial sector dialogues, undertakings of our stakeholder working groups, as well as information on our stakeholder engagement products including the online catalogue, the “Meet the Stakeholder” and our stakeholders-led events. Read More.
Housing has central importance to everyone's quality of life, with considerable economic, social and personal significance; and as such building or buying a house seems to be a common desire.(...) While the demand for housing is on the increase, especially in the expanding urban regions, the supply side remains low. There are currently three financial institutions that are offering mortgage financing with the Zambian National Building Society being the pioneer. Listen to more.
There has been wide spread concern over the high levels of the rate charged by commercial banks on loans to customers in Zambia over the years. This pushed Zambia’s Competition and Consumer Protection Commission to commence investigations on all commercial banks countrywide which are suspected to have formed cartels to offer uniformed interest rates to suspecting customers.
The banking sector in Zambia is growing, with the number of banks' increase growing by 60% from 12 in 2000 to 19 in 2011. While this is expected to bring cheer to the central bank, the Bank of Zambia is not impressed.