BANK of Zambia (BOZ) governor Dr Denny Kalyalya says the central bank has noted with concern an increase in financial scams brought about by the increased usage of digital financial platforms. And Finance and National Planning Minister Situmbeko Musokotwane says financial literacy is about fostering a mindset of responsible financial management and smart decision making. Speaking during the launch of the Financial Literacy Week which was held under the theme ‘protect your money, secure your future’ in Lusaka, Monday, Dr Kalyalya said people should be alert whenever they hear something which sounds unusually good. “With the increased usage of these financial services, financial scams have also increased. As financial sector regulators, we are all too cautious about this. So, we...

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