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It said Islamic finance holds the promise to foster inclusive growth.

The number of bank branches also increased by 6.7 per cent.

The partnership will enable more people in rural areas to access formal financial services.

They are looking to reduce transaction costs to "less than three per cent".

The partnership includes a $2.75 million trust fund that will help Zambia implement key reforms.

The country plans to raise 1.3 billion euros in financial markets.

The envelope will finance BOAD's direct lending activities to businesses in the region.

The government is looking to fund infrastructure development.

The objective of the project is to generate employment, particularly among the youth.

This is due to a lower level of liquidities within banks.

This structure will facilitate the issuance of Treasury bills in West Africa.

The Co-operative Bank and Chase Bank both launch new banking services available via mobile phone.