Zambia’s Central Bank Unimpressed with Ineffective Competition in Banking Sector

Dec 05, 2011 | Cynthia Mukwasa

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.

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.