Lending to civil servants or commonly known as government workers is said to have slowed down to 6.6% from 13.4% as reported by the Bank of Zambia and the reduction is mainly attributed due to the drop in the contribution of loans and advances to the public sector (mostly attributed to the Liquidity Management Operation conducted in the third quarter of 2025). Despite credit to the public sector reducing, the private sector credit on the other end has seen growth moderating to 8.1 from 15.7%, largely reflecting valuation effects from the sharp appreciation of the exchange rate. With most of...
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