BoZ expresses concern over lack of financial inclusion in rural areas

By BUUMBA CHIMBULU

THE Bank of Zambia (BoZ) has raised concern at the existing gap of how many people have formal accounts and financially included, worse off when comparing between the urban and rural population.

And Standard Chartered Bank has unveiled a modern priority centre, representing a paradigm shift in the realm of affluent banking while setting a new precedent for client centric services in Zambia.

On the unbanked, BoZ Director – Prudential Supervision, Gladys Chiwele, sees that there is still a lot of work to be done in driving the financial inclusion agenda to reach such a population.

Ms Chiwele recalled that statistical evidence of the National Strategy on Financial Education for Zambia, running from 2019 to 2024, suggests that there is still additional work to be done despite efforts in driving the financial inclusion programme.CLICK HERE TO READ MORE