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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 ...
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
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.
The Governor is the head of the Bank of Zambia. As of August 2022, the Governor serves a six-year term, which will be renewable for further term of six years, after being nominated by the President of Zambia and confirmed by the National Assembly of Zambia following a new legislation – Bank of Zambia (BOZ) Act No. 5 of 2022. [14]
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.
Zambia returned to being a multi-party democracy in 1990 [7] and the number of constituencies was increased to 150, in 1991. [13] 150 1991 [14] 1996, [15] 2001, [16] 2006 [17] and 2011 [18] 2016 There was an amendment to the constitution whereby the number of constituencies was increased to 156. [19] 156 2016 [20] and 2021 [21]
Zambian exports in 2006. Zambia is a developing country, and it achieved middle-income status in 2011.Through the first decade of the 21st century, the economy of Zambia was one of the fastest-growing economies in Africa, and its capital, Lusaka, the fastest-growing city in the Southern African Development Community (SADC). [18]
The bank is a large financial institution in Zambia. The institution serves the banking needs of large corporations, small and medium sized enterprises , individuals and government departments. As of 31 December 2020, the bank's total assets were valued at ZMW:18.558 billion (US$732.86 million), with shareholders' equity of ZMW:1,210,490,000 ...