PRICEwaterhouseCoopers (PwC) Zambia 2023 Banking Industry Survey Report has revealed that the health of the local economy is a major concern for the banking sector. And according to the report, banks perceive the country’s regulatory support in cybersecurity as moderate. In the report, PwC noted that weak performance of loans in the agricultural sector had intensified banks’ concerns over the state of the economy. “Top five issues: all banks – state of the local economy. The health of the local economy was the main concern for the banking sector, with an average score of 8.6 marking an increase from the previous year’s score of 8.3. Weak economic conditions and subdued domestic demand for goods and services continue to be sources...

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