ZAMBIA’S BOND STOCK 5 AFRICA’S CAPITAL OUTFLOW HITS $5BN REFORM UNDER PROCUREMENTSCRUTINY 6 25

Interest. “The interest rate applica- ble for onward-lending by the FSP shall be fixed over the life of the advance,” BoZ said in the revised document. this year set up a K10 billion TMTRF meant to provide re- Bank of lief to businesses and house- Zambia

SYSTEM, GOVT ADVISEDder the Targeted Medium- The Central Bank key initiatives said the Bank was

pushing through to address the Term Refinancing Facility much as FSPs were free to CAPITAL outflows from Africa challenges of liquidity constraints exceeded US$5 (TMTRF), billion during emphasising that set the interest rate and charged boost African trade. the first quarter Financial of 2020 Service owing Providers to clients on the advance “These include ob- the Pan-African By BUUMBA CHIMBULU to tightening (FSPs) global financial do not increase in- tained from the facility, Payment they and Settlement System conditions. and Afreximbank Trade Finance terest ZAMBIA rates on has the continued funds to in make strides were obliged to pass and Trade on the Facilitation programme By This BUUMBA is contained CHIMBULU By BUUMBA in towards a report, fiscal CHIMBULU fitness, as the 2021 national which surveyed case 185 of banks an upward in adjust- benefits of the low to increase interest the provision of LAZARD budget is expected to set a direction for INNOVATIVE Africa, representing ment packages on initiatives more the than pricing aimed Freres at of growing Gestion mon- the economy. rates on the facility correspondent to their cli- banking services The to African banks,” Mr Kamel said. designed 58 percent to of ey give total in the assets business has market. country held commenced by continues a to make dol- strides ZCCM-IH has set up the laboratory ents in and to demonstrate customers that can now enjoy access towards fiscal fitness with an ongoing The report pointed out that customers African banks. access lar to more bond This external means debt that restructure stock should take with at for Lazard partnership Freres, with Karma Mining Services they had done so at the to unlimited time data without worrying By affordable BUUMBA The African CHIMBULU and Export-Import unlimited “Anti-competitive bidding seen African resources trade which amounts could to be directed

Zambia Bank after appoint- about using their quota or any a French during Investment the life Banking circle firm. and Rural Development Limited in of disbursement. billion up but that

in time in abuses such as inadequate US$1,077 to other projects and programme banks connectivity (Afreximbank), in Zambia collaboration have

ing Morrow This is according Sodali to Mr collate Mutisunge Consolidated Zulu, obligations Gold Company. to contractors, suppliers and ZAMBIA’S been with the launched United procurement of the Nations by a Paratus Non-Executive Economic system Chief Macro Business

facility the MPR be ad- timelines, no compulsory “FSPs publishing that shall intermediate obtain requiring about ad- their Government US$417 data expiring,” billion funding. of he information on the debt hold- Chief Executive retirees. Officer, of tender Mabvuto and restrictive tendering this, Ms said. approximately Muyunda therefore 40 percent, needs Zambia. Commission reforms justed for as Africa it Strategist upwards, is hindered (ECA), at the FSPs Kwacha will Arbitrageur. not Mr Zulu said some of the effects vance of (s) under this

Paratus facility Zambia is part by the ers and Kwacha facilitate Bank lead Arbitrageur communica- is an economics Chipata, explained that practices. the purpose of The poor African infinity procedures Development business which packages an arrears dismantling programme

and whilst recommended the global urgent average need is 80 to of put the be the joint venture was to are therefore had expected Paratus to re- Group, a pan-African

tions. allowed to pass on that to “An develop efficient a system gold also needs to are research Finance and lack to give unit of of the Business Telegraph. (AfDB) corruption, specially and Making fraud designed Work

exacerbated dollar demand causing a percent. in place measures such as rolling for Africa Partnership a when customer Government procuring (MFW4A) thereby in May absorbing this year transparency Lazard named Morrow Sodali to help processing currency and trading rout to in be operation the competitive absence structure in of as adequate competition their portfolios out Standard network of the electronic to Chartered operator. Government Senior business customers register access to prepared using the the public and realised Zambian dollar bond holders Zambia. as part reserves. This, will he lead explained, to the production ensure was coupled the of better benefits, Vice procurement Chairman includ- Paratus Zambia system for Africa, countrywide provides Bola to goods hired report burden. funds. Lazard Freres Gestion of more affordable and of commencement unlimited the liability restructuring with expansionary quality monetary products policy and services through for Adesola, reduce communications loopholes stressed the such and need as hosting fraud. it This this therefore month. France The calls Central for for the US$5 Bank million in April to re- Mr Chipata said the investment was connectivity process. a market deep benchmark interest rate ing cuts provisions to a of repayment

It provides a in better Zambia, the average Zambian citizen at low to increase “This services will businesses promote to the Zambian open on the introduction of structure procedures Mr Zulu its which US$11 explained billion that Zambia for- had in made line with one of ZCCM-IH’s strategic

historical low of eight percent. will where understanding reduce a quality fraud, of corruption affordable the trade and continent, procurement corporate to help sector and drive allow and trade for has both faceliftByAtlasMaragivesChingolabranch

objectives of Meanwhile, value creation prices,” she which said. was eign debt strides is difficult over in fiscal a to three fitness year it seeks pe- an economic promote internet finance transparency. landscape connection across Africa Ms Muyunda therefore stakeholders invested in to building monitor its and own

tegic advice and shareholder Mr Zulu said with advisory an economic firm (agent) extra- acting and intra-African on trade and recovery programme with the International to diversify rebound its investments expected in away 2021, from the fiscal budget obtain. and This how is according it has riod, evolved BUUMBA to a Monetary 0.05 a joint during percent CHIMBULU Fund the (IMF) how the tightening global financial of the entire services to corporate called clients on behalf of its principle, banks’ participate network. the intermediation. Zam- in the procurement

would spell exactly Afreximbank how Government all Executive initiatives to aimed Vice follow copper to other minerals such as gold statement Covid-19 This is signed according pandemic. foreign by the to He debt Paratus Alliance said portfolio. this for in the conditions Ms Muyundwa

latest Kwacha triggered around massive the at growing world, President, the transparent to economy organise Business open would procurement bian be Development funded. government. processes,” “The The African network she Continental said. extends Free to all Arbitrageur the dollar Marius Report bond on capital Zambia stock outflows Economic and other precious metals. Community Zambia According Country Action to the Zambia’s (ACA), Manager, report, OXFAM information from Africa, Finance on the Minister, and aimed debt Corporate at Bwalya hold- ensuring Ng’andu, Banking, fair This, conditions present Amr said of the Trade As major Telegraph, Agreement CSOs, industrial she (AfCFTA), said, and they commercial she Zambia, van supply Vuuren, Transparency of trade AN rests who finance launched IVESTMENT International was the Outlook: “Extraordinary exceeding of Mr uncertain over Vuuren US$5 times He billion with said in the this the first 2021 during national Kamel, the laboratory budget highlighted on Friday the next role of at US$3 billion in three ers and facilitate communica- competition for suppliers. came a few months added, recommended centres after can provide throughout the that a each platform the point country to in silver-linings as disease She Mara pandemic was of 2020. speaking North-Western media on tour behalf week. in Lusaka of and Development yesterday. She Central observed Finance that socio-economic Government Institutions help procurement drive environ- greater must businesses,” be opened for

risks Zambia packages affected (TIZ) between on K320,000 and streams Tuesday Consumer January of this and maturities Unity by week. Atlas quarter Paratus namely infinity packages and many additional international deepen.” the tions. French Lungu he said in his in investment a banking

“These Civil Society massive Organisations. “This capital is outflows also Mr in Zulu line said during with their President Government’s business,” Edgar Ms Adesola said. and April Mr Trust Vuuren 2020, Society the Zambia procuring Ngondo downturns. goods and ment services that had been analysis ‘points-of-presence’ caused and by reform to enhance (PoPs) 2022, said period (CUTS). the 2024 “In in infinity covered the the and interim refurbishment by 2027, appetite because respec- for Zambia’s we provinces fully local understand Solomon

Ms Muyunda African classification outlined banks, This many a number according address of gold to as Mr statement. the a Kamel strategic Busi- pointed out that strained to parliament re-opening, firm signalled had been settled The report for be to received made re- numerous from various packages the CUTS survey. Programme gave of customers paper Officer, Chingola had picked Branch up in June has and July when of initiatives and interventions tively. its of which how loopholes important recorded in the said sharp it current is for drops businesses bank in was Afreximbank’s proud Mr Vuuren to Pandemic said Covid-19. launch Trade of ness the Telegraph a wide Magazine. array at exorbitant prices implied that ore that would fairness across the African continent and

a d efficiency of public structure the copper recommendations producers such as a Kangwa access Tis was Muyunda, to as uncapped a result said the of and announcement the un- around the IMF being resource for to Zambia,” the economy despite he to said. help adhering recoup to lost the growth correct miners, who contracting. would get At the a fair same share function, and

bolstered inherent Lazard, mandated tightening the which bank’s to commence is procurement their a quest to French have net to foreign access system have assets. to According quality such completed as anti- to the Impact refurbish- Telegraph, the infinity Mitigation packages Facility liabilities, He was said one 30-35 the bank greater percent beyond. had engagement of con- Eu- between procurement throttled pandemic data and system without was dips an in talks with the Consolidated dented Gold by COVID-19. procurement Company Chief procedures in value for ACA their Senior material. Programme Officer, important service financing quality tool conditions, expand for investment or achieving speeds Ministry heightening services due banking across firm the has ment Executive of the Officer, Chingola of Finance,” competitive unlimited Mr “This Zulu further said. connectivity. bidding, exacerbated Lazard procurement had commenced (PATIMFA) of the a cred- many had ‘think provided tinued robond big’ timely to initiatives holders maintain central domiciled the The banks biggest company and in industry, is investing push in

“The Republican Faisal accordance branch Keer, President in explained with has the set law, the were “As Karma Zengani Mining Simuchembe Services said: and “a Rural He said engaged local debt Morrow of liquidity restructure goods “We do constraints and not had services cap taken and or at shape exorbitant tone our from the support Paratus top which to banks, had stakeholders embarked helping seek to clear this social to balance fair economic usage of payment country. therefore policies development pressures that other in So- 2020 that itor grouping as laboratory planned. process would being to be procured gear able to at branch highly inflated Development, ATM network our expertise in is in gold

Europe and on United for poor increased States. infrastructure procurement digitalisation and system in delivering and affects legal the framework. shape through a confluence prices undermined connectivity and of limited actions the solutions capacity because of clarity on funding payments year through to give falling the their due estimates customers and avert of Zambia service and liquidity and providers should constraints, therefore have in place. lead process dali, Regional a leading provider of stra- up for negotiations prices. with Consequently, per was day. the Copperbelt she processing, Province. future but planning we are thereby mostly affecting working

the “The copper take producer’s unlimited up of technologies ex- reliable and and affordable ranging head from balance of branch banks we This sheet know was and to expansion finance that during our African Mr a customers joint Ngondo about trade,” media revenues 30 said samples and payment expenditures this defaults. to be presented to sustainable Afreximbank improvement president, in explained, more. the inflation of prices better the connectivity quality data, which of services which, will help citizens in turn, better will “We have created programmes these to issuance briefing of in longer Lusaka dated Mr yesterday. Keer said by Finance the laboratory Minister Dr. was Bwalya critical Ng’andu on with artisanal and small scale gold

distribution highlighted for the Copperbelt, Professor need to be Oramah always done said. online despite to do the by He suppliers negative “With shared the some deprived Infinity of Mr the packages, Zambia Ngondo of our said understand accessed.” help this unlock was and a price Africa’s risk. potential. consumer Benedict welfare. Oramah, COVID-19 bonds aimed at dismantling of

to determine the the 25 September gold accurately 2020,” he in said. the miners.

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