DR Lubinda Haabazoka says the government should consider reducing - TopicsExpress

DR Lubinda Haabazoka says the government should consider reducing the minimum capital requirements for commercial banks to enhance competition and increase local participation in the sector. And Dr Haabazoka says the Food Reserve Agency (FRA) is one of the most mismanaged government agencies. The minimum primary capital requirement for commercial banks currently stands at K104 million for locally-owned banks, while foreign investors are subjected to depositing K520 million with the Bank of Zambia (BoZ) to establish a commercial bank. - See more at: postzambia/news.php?id=4619#sthash.Hb05H33z.dpuf

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