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The 1972 Securities Act revised to facilitate the establishment of the Securities Exchange. It was structured around models of a modern Stock Exchange with automated clearing and settlement facilities through a Central Securities Depository (CSD). [4] The Government of the Republic of Zambia (GRZ) provided grant financing to LuSE from 1993 till ...
State Securities Commission (SSC) Zambia: Securities and Exchange Commission (SEC Zambia) ; Pensions and Insurance Authority (PIA) Zimbabwe: Reserve Bank of Zimbabwe (RBZ) ; Securities and Exchange Commission of Zimbabwe (SECZIM) ; Insurance and Pensions Commission (IPEC)
The Zambia Information and Communications Technology Authority (ZICTA) is a regulatory body responsible for regulating the ICT industry in Zambia.It is authorised by three Acts — the Electronic Communications and Transactions Act No. 21, the Information and Communications Technologies (ICT) Act No. 15 of 2009, and the Postal Services Act No. 22 of 2009 — and regulates ICT, postal and ...
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A securities commission, securities regulator or capital market authority is a government department or agency responsible for financial regulation of securities products within a particular country. Its powers and responsibilities vary greatly from country to country, but generally cover the setting of rules as well as enforcing them for ...
In 1964, the Bank of Zambia was created from the Bank of Northern Rhodesia, which itself had only formed a year earlier in 1963 from the Lusaka branch of the Rhodesia and Nyasaland bank. After its creation, and after the passage of the Bank of Zambia Act in 1965, the bank grew and was successful down through the decades.
In 2016, the Bank of Zambia seized and closed Intermarket Bank on account of being insolvent and unable to meet its financial obligations. In February 2017, the central bank announced that it would re-structure the collapsed bank, to enable it to re-open.
In December 2022, the government amended the customs duty rate in Chapter 27 of the Customs and Excise Act Cap 322 from 25% to free rate (0%). This applied to importation of petrol and low Sulphur gas oil and came into effect on 1st January 2023. [11] The table below gives a breakdown of the Custom and excise rate reforms.