Reduction of financial market limitations targeted
NEW pilots and interventions that will help remove
IN GOLD LAB more financial market limitations on real sector opportunities will soon be undertaken by the Financial Sector Deepening (FSD) Zambia.
This is after the organisation recorded steady growth of across thematic area intervention results despite the in Covid-19 pandemic and challenges of funding in its
zone previous fiscal year. BUUMBA CHIMBULU
low During the next fiscal year, the organization will enable inclusive finance THE for Common all Zambians to Market have for other greater economic opportunities, Eastern and access Southern to essential Af- minimum services and a sustainable future, according to the FSD
rica (COMESA) Regional of Zambia Board Member, Victor Mushala.
some Mr Mushala said this Third-Party yesterday in Lusaka Motor at the Vehicle
prohibitive. annual media briefing. Insurance has launched
“The Board is pleased help with desk the system achievement for the and dig- responsibility of its team, ital Yellow and the Card. market change they are achieving.
The digital Yellow Card In the next year, consistent with the new Government’s emphasis Scheme on economic was inclusive designed growth, to we hope to take on track new pilots all and queries interventions reported that will remove more financial by market users, limitations according on real to sector the opportunities,” Mr Mushala statement said. issued in Lusaka FSD Zambia, he said, was looking forward to a great
yesterday. year despite the extreme challenges of Covid-19 and other operational changes It stated faced. that this would
explained He also said the organisation allow national in its previous bureaux, year pri- continued to record mary a strong insurance performance companies in many of industrial the output results. once
and motorists in member “Financial inclusion rose to 69.4 percent against our would
countries to channel all log frame target of 65 percent, reflecting a 107 percent.
participation “Our specific contributions their queries to areas such and as requests digital
economic financial services helped via email, that area phone to grow or from walk-ins. 14 percent in 2015 to 59 percent The aim in 2020,” was to Mr streamline Mushala said. At the same briefing, FSD Zambia Chief an
service delivery to COME- Executive Officer, Betty Wilkinson said the organisation the collaborated with various SA Yellow stakeholders Card on clients new pilots and for
would growth and resilience, stakeholders especially for small in line enterprises. with the
and Ms Wilkinson said Yellow the expansion Card of Scheme other successful Strate- and sustainable interventions gic Plan such 2018 as – saving 2022. groups entrepreneurs into “This working laboratory capital is access It targeted indicated was growing at the that new the Yel- up businesses for women and men. operations we are zone.
She stated that the low setting organistion Card up starting was Scheme therefore with was keen a Rufunsa, were we
to engage with the newly Third-Party are working established with Motor ministry small of Vehicle Small scale and Medium miners Enterprises there Insurance and to art advance is anal Scheme small miners businesses that aims table from in Zambia the surrounding Ms Wilkinson at area,” facilitating also said: he “this said. year the Citizen
under smooth the financial Mr Keer education said the initiatives, movement laboratory even would of given motor the also severe vehi- and field restrictions of Covid-19, FSD Zambia reached be open to the general public for them to Commission
168,395 people with financial education or 66 percent come and have their samples tested. constructing
of our high target of which 104,464 were women.”