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
Until the wealth trickles down to those who can’t even afford two meals a day, I will reserve my comment.
i would like to see Solwezi develop with all the wealth it has.
” Kanshashi and Lumwana mines have contributed significantly to the countries GDP ”
Which makes their lack of contribution to tax revenues all the more glaring. In Zambia, workers pay taxes, and the foreign mining companies laugh all the way to the bank, because of the ‘protection’ they enjoy from this government.
yaya,am sory you wont see solwezi develop or even its wealth. it all goes out of the country.imgine having a welder or an operator all the way from oversees when we have alot of them around and they are in the streets.yaya its sad
Have you travelled on the Solwezi chingola road? where then is the money going? I cant see any development in solwezi.
YES, everybody adore FIRST QUANTUM MINERALS….
especially the Congolese,all the population of Copperbelt and thousands workers they have failed to pay…!!!
The company of philip pascall of nickels in Australia,Ravensthorpe…NOW…!!!!!!!!!!!!!!!!!
In fact, they have already escaped in Australia the Pascall’s…???
so who is going to pay their workers…???
Maybe, i have heard about a friend of them who is polygamist….
Who knows…