Tuesday 21 September 2010

LUMWANA-KANSANSHI MINES ARE SIGNIFICANT CONTRIBUTORS TO ZAMBIA'S GDP - BOZ

Bank of Zambia (BOZ) Director of operations  for Northern  region  Morris  Mulomba  says  the central bank  has taken keen  interest in the  Northern  province  because  of its  contribution to the Gross Domestic Product GDP.
Mr. Mulomba  said Kanshashi  and Lumwana  mines  have contributed  significantly  to the  countries  GDP  saying  the impact  of the two  mines  is visible  through the  economic  activities  being  experienced  in areas  of their operations.
He said  this during the interactive  cocktail  party  with business  houses organized by  Bank of Zambia  held at  Chabanga  lodge  in Solwezi  over the weekend.
Speaking at the same  function , Northern  Western province  deputy  permanent secretary  Nkolola Hazemba  urged  Financial institutions  to consider  investing  in people  through  loan schemes so as to  enable  them  to  reinvest  in the province.
He said  banks  must come up  with low interest  loans  which people  can easily  access  if they  are  to benefit  from  banking  services.
Mr. Hazemba has since appealed to financial institutions to consider   opening branches in other districts in the provinces so as to bring the financial services closer to the people.
ZANIS

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