BoZ takes over possession of Development Bank of Zambia and Betternow Finance

THE Bank of Zambia has taken over possession of Development Bank of Zambia and Betternow Finance Company Limited. In a statement issued, Bank of Zambia Assistant Director Communications, Besnat Mwanza said the possession of Development Bank of Zambia is due to non-compliance with the Banking and Financial Services (Capital Adequacy) Regulations. Ms Mwanza said the Bank […]