IN A bid to safeguard financial stability and enhance the resilience of the financial sector in the wake of the 2023/24 drought, the Bank of Zambia (BOZ) has launched the Stability and Resilience Facility (SRF). The Central Bank explains that under this facility, it shall provide funds to eligible Financial Service Providers (FSPs) for onward lending to viable businesses in the agriculture sector and those negatively impacted by the electricity shortages. In a statement, Friday, BOZ acting Communication Assistant Director Silvia Siwale disclosed that effective Monday December 30, 2024, the Central Bank would open a SRF Access Window with a funding of K5 billion for a period of 12 months. “The Bank of Zambia wishes to announce the launch of...