Zambia’s Fundanga on banking sector
Moving the Registrar of Banks and Financial Institutions, the Zambian bank licensing authority, from the country's finance ministry to the central bank was a key development in the history of the Southern African country's financial sector, Caleb Fundanga, the governor of the Bank of Zambia, said on Thursday.
In an address to the Co-operative Bank Capitalisation Consultative Forum in Lusaka, Fundanga said: "Currently, all applicants [for a banking licence] have to be evaluated in line with
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