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Bank of Zambia caught between surging inflation and debt crisis


Central Banking
Christopher Mvunga
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The Bank of Zambia hiked its policy rate today (February 17) as policy-makers sought to resist surging inflation without harming the country’s fragile economic recovery.
Governor Christopher Mvunga said the monetary policy committee had held a “difficult and complex discussion” before settling on a 50 basis point hike. “We can’t let inflation run away, neither can we stifle economic growth,” he told journalists. “We had to get into the middle of the road.”
Price rises are being driven by cost
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Christopher Mvunga , Bank Of Zambia , Monetary Policy , Interest Rates , Exchange Rate , Fiscal Policy , Sovereign Debt , Monetary Policy Decisions , வங்கி ஆஃப் சாம்பியா , பண பாலிஸீ , ஆர்வம் ரேட்ஸ் , பரிமாற்றம் ரேட் , நிதி பாலிஸீ , இறையாண்மை கடன் , பண பாலிஸீ முடிவுகள் ,

Ecsponent, MyBucks: George Manyere, entrepreneur and turnaround specialist, unpicks multinational's tangled web


Ecsponent, MyBucks: George Manyere, entrepreneur and turnaround specialist, unpicks multinational’s tangled web
Last year, the Financial Sector Conduct Authority suspended Ecsponent Financial Services for breaches of financial sector laws following complaints about how the company had marketed the preference shares of JSE-listed Ecsponent Limited to potential investors. Independent financial advisor Magnus Heystek, of Brenthurst Wealth Management, was among those who signalled that returns seemed to good to be true. Many pensioners were sucked into the investments, only to find themselves in dire straits when Ecsponent defaulted on payouts to preference shareholders. Ecsponent is still listed on the Johannesburg Stock Exchange, but it has changed its name to Afristrat. Ecsponent or Afristat is part of a global network of companies, including a company called MyBucks. Last week the Bank of Zambia ordered a Zimbabwean entrepreneur George Manyere to exit MyBucks Zambia after vi ....

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