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Alba Iulia
Monday, February 17, 2020

PF Policies have reduced the unbanked population from 62% to 42%-Chikwanda

Economy PF Policies have reduced the unbanked population from 62% to 42%-Chikwanda

Minister Chikwanda delivering his speech.
Minister Chikwanda delivering his speech.

Minister of Finance Alexander Chikwanda says the unbanked population has reduced from 62 to 42 percent due to sound policies being pursued by the PF government.

Mr. Chikwanda says the rolling out of banking services to rural areas has helped reduce on the unbanked adult population.

He says an inclusive and sustainable financial sector is crucial in national development.

Mr. Chikwanda was speaking in Mwense when he officially opened the National Savings and Credit Bank Mwense branch.

The Minister further called on the people of Mwense to renew the mandate of the Patriotic Front into office in the August 11 general election.

And NATSAVE Board Chairman Chiselebwe Ngandwe called on residents of Mwense to take advantage of the bank and open accounts and access loans to grow their businesses.

Meanwhile, Bank of Zambia Director Visscher Bbuku commended NATSAVE for rolling out banking Services to rural areas.

And NATSAVE Managing Director Cephas Chabu said the opening up of a branch in Mwense is a milestone in promoting financial inclusion in rural areas.

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10 COMMENTS

  1. Viva PF!!!!
    Lets continue with a development oriented party. Not inexperienced pipo with Tu guess work in the head

    • What “experienced” people are you talking about?

      This old fossil that has BANKRUPTED Zambia once already and is now only waiting until after the elections to call in the IMF for another structural adjustment program after BANKRUPTING Zambia TWICE in his sorry life?

      What will be the use of bank accounts when the Kwacha has gone from K5 to K10+ to the Dollar?

      Are you really expecting Zambians to dig deep and find NO MONEY IN THEIR POCKETS and then put something in a bank account? You are a joker!

  2. UPND
    U ubunga N nenama D drink P pantanshi ……..
    ..PF Pays Farmer Paya Food Paya Family Paya Future. Kikikiiikiki

  3. ALEXANDER!

    IT IS MY HOPE YOU READ BLOG COMMENTS, AS THE CURRENT PF MAKES IT HARD TO SEND AND MAKE SURE YOU RECIEVE LETTERS FROM MEMBERS OF THE PUBLIC OR ANYONE THAT CAN ADDRESS A SOURCE OF CONCERN.

    IT HAS BECOME CLEAR YOUR MINISTRY WILL ISSUE STATEMENTS IN THE INTEREST OF THE PARTY AS PPOSED TO FINDING A BALANCE BETWEEN INTEREST OF THE ZAMBIAN PEOPLE AND THE PARTY! SOMETHING THE SATA ADMINISTRATION EXECUTED WELL!

    CAN YOU KINDLY RELEASE A STATEMENT WITH ALL STATISTICS SHOWING A TREND ANALYSIS?

    SINCERE REGARDS,

    K

  4. So this foolish man is still in Lungu’s government? These are the people who will make Lungu pay on 11th August, 2016. The old rotten tribalist should have been fired a long time ago. This is why I am realizing that Lungu will be responsible for his own downfall. How do you keep an old rag like this who has no idea of modern economics as a finance minister? this goat thinks the best way of developing the country is borrowing and investing in roads. This was going to be true if developing a country was as good as junior secondary geography. And that’s where the problem is. Lungu’s cabinet ministers think in two dimension when developing a country requires three dimension thinking.

  5. The opposite is true,my nephew got a loan from stabic in 2010 with interest of 18%
    2012-interest rose upto 21%
    2013-‘interest 25%
    2015 ‘ interest 35%
    2016 march upwards to 40%
    The bank attributed this to economic downwards and people closing their accounts .the bank went further explained tht the pf govt was getting loans from them hence its unable to make more revenue from its individual customers.
    So pf chikwanda is misleading the people here.

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