FINANCE and National Planning Minister Situmbeko Musokotwane has urged banks to emulate Stanbic Bank, that is offering loans with a flexible repayment plan to allow people to buy solar panels amid power outages. And United Nations Resident Coordinator Beatrice Muthali says while Zambia has witnessed growth in the uptake of mobile money services, there is need to deepen access to certain financial services such as credit insurance and investments. Speaking during the launch of the 2nd National Financial Inclusion Strategy (NFIS II), Dr Musokotwane said he was not bothered by the current load-shedding because he had installed solar panels but wished that Stanbic’s initiative came earlier. “This morning I was on messaging with a number of financial institutions. First of...

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