THE Bank of Zambia (BoZ) has advised members of the public against engaging with any financial service provider that is not licensed. In a statement, Thursday, BoZ Assistant Director of Communications Besnat Mwanza said the Central Bank had received numerous complaints about unlicensed online credit providers who engage in predatory lending practices. “The Bank of Zambia (BoZ) has received numerous complaints regarding unlicensed online credit providers that are engaged in predatory lending practices involving unfair, deceptive, or fraudulent loan practices that take advantage of borrowers by enticing them into obtaining unaffordable online loans. While the BoZ is working with other relevant competent authorities to bring the unlicensed credit providers to account, members of the public are advised against engaging with...