Andrew Ejimandu aka Seer 1’s Dangerous Propaganda and the Threat to Zambia’s Sovereignty

By Thandiwe Ketis Ngoma

I don’t usually waste my time on Andrew Ejimandu (Seer 1), a Nigerian fraudster parading as a “prophet” and openly aligning himself with the UPND government. His track record of deceit, manipulation, and opportunism is well-documented. He thrives on controversy, fearmongering, and political deception. However, his latest antics demand a response because he has crossed into dangerous territory—national security.

This is no longer just about his usual political theatrics or fake prophecies; this is about Zambia’s sovereignty, stability, and security being deliberately undermined by a foreign conman. Seer 1 is not just an attention-seeking charlatan; he is a direct threat to Zambia’s national interests, a destabilizing agent whose reckless rhetoric must be stopped immediately.

What is even more shocking is the UPND government’s willingness to tolerate, and possibly even collaborate with, this foreign scammer. How can a ruling party allow itself to be used by a fraudulent foreigner to manipulate public opinion? How has Zambia’s leadership sunk so low that a known deceiver from Nigeria is now dictating security matters? Do they think Zambians are blind to this? The people of Zambia see through this shameful act, and the UPND must put an end to it now.

Seer 1’s False Prophecy: A Deliberate Attempt to Incite Fear

Recently, Seer 1 issued an outrageous so-called “prophecy” claiming that Zambia is on the brink of war. He shamelessly urged the government to deploy the army, warning that external forces were plotting to destabilize the country and seize its mineral wealth. He even called for military action at the Zambia-Zimbabwe and Zambia-Congo borders.

This is not just irresponsible—it is treasonous.

This is not a prophecy; it is a deliberate attempt to create panic, manipulate public perception, and push Zambia toward unnecessary militarization. Why would a foreigner be so invested in Zambia’s security matters? Who is feeding him this information? Who benefits from this hysteria?

What is even more alarming is that Seer 1 is not just a loudmouth on social media—he has positioned himself as an advisor to President Hakainde Hichilema. Given the UPND’s history of weak, reactionary governance, there is real concern that this dangerous nonsense might actually be taken seriously.

Zambians must ask themselves: Why is a Nigerian fraudster interfering in our national security? Is the UPND government so desperate for control that it now relies on a self-proclaimed prophet to run its propaganda? If Seer 1’s words influence military decisions, what does that say about Zambia’s leadership?

Deploying the Army Based on a Fake Prophecy Is Reckless and Irresponsible

Let’s be absolutely clear—Zambia is not at war. There is no intelligence to suggest that any neighboring country is preparing to attack us. Our borders remain secure, and we have enjoyed stable diplomatic relations with our neighbors for decades.

Deploying the army based on a prophecy from a known scammer would be an act of sheer madness.

Military action without justification is not just a reckless abuse of power—it is a dangerous provocation that could destabilize Zambia’s standing in the region. The military exists to defend the country against actual threats, not to serve as a political tool for fearmongering.

Border security is not the responsibility of the military—it is managed by immigration officers, police, and intelligence agencies. Deploying soldiers at the borders for no legitimate reason would:

▪️Create unnecessary panic
▪️Disrupt trade and economic activity
▪️Strain relations with neighboring countries
▪️Send the wrong message to investors

The economic consequences of such a reckless move would be disastrous. Zambia is already struggling economically—why would we risk further instability because of a prophecy from a known fraudster?

The real question is: Who stands to benefit from this chaos?

The Army Must Not Be Used as a Political Tool

Zambians must wake up and reject any attempt to turn the military into a weapon for political games.

Soldiers are trained to fight wars—to kill and defend the nation, not to be used as political pawns. Deploying them to borders under false pretenses is not only a misuse of resources but also a violation of national security protocols.

History has shown that unjustified militarization leads to human rights abuses. Armed soldiers at borders could intimidate citizens, disrupt businesses, and create unnecessary tension. Zambia has always been a peaceful nation—why should we allow a Nigerian con artist to drag us into unnecessary militarization?

Who is truly running Zambia—the elected government, or Seer 1?

If the UPND government allows a foreigner to dictate security policy, then they have failed in their duty to protect Zambia’s sovereignty.

The UPND’s Shameful Alliance with a Fraudster

The real tragedy here is that the UPND government is using Seer 1 as a tool for political manipulation. Instead of focusing on real governance—economic growth, infrastructure development, and job creation—they are hiding behind a foreign scammer to spread fear and distract Zambians from their failures.

This is not just incompetence—it is a disgrace.

How can the government of a sovereign nation bow down to a self-proclaimed prophet whose only currency is lies and deception? How has the UPND sunk so low that it relies on a scammer to push its propaganda?

Zambians must reject this madness.

This government, instead of solving problems, is busy creating distractions. They think that by allowing Seer 1 to create hysteria, the people will forget about the real issues—unemployment, rising prices, corruption, and economic mismanagement.

The question every Zambian must ask is:

Why is Seer 1’s voice louder than that of our elected officials?

Why has the UPND given a foreign fraudster influence over our national affairs?

Why is the government promoting fear instead of solving real problems?

Defending Zambia’s Sovereignty Against Deception

Zambia is at a crossroads. We can either uphold our legacy as a peaceful, sovereign nation or allow ourselves to be manipulated by fraudsters and political cowards.

Seer 1’s reckless rhetoric, combined with the UPND’s disturbing willingness to entertain it, is a direct threat to Zambia’s stability and security.

The military should NEVER be used as a political tool. Decisions about national security must be based on intelligence and sound governance, not superstition and fearmongering.

A government that listens to a Nigerian fraudster over its own people has already lost its way.

Zambians must reject fear-based governance and demand real leadership. The people must refuse to be distracted by a foreign conman and his desperate attempts to stay relevant.

The UPND must stop using Seer 1 as their propaganda mouthpiece. Zambians can see through the lies, and the nation deserves better than this shameful circus.

If the government continues to entertain deception instead of governing, the people must hold them accountable.

Zambia’s sovereignty must never be dictated by opportunists. The nation deserves real leadership, not fearmongers and fraudsters.

UPND, stop it!

GOVERNMENT DEFENDS BANKNOTE CHANGE

February 18,2025

Government through the Minister of Information and Media and Chief Government Spokesperson, Cornelius Mweetwa, has clarified that the Bank of Zambia’s decision to replace banknotes is a long-planned move aimed at enhancing security and not a political maneuver.

Speaking on Hot FM’s Hot Seat, Mweetwa dismissed speculation that the change was designed to force former government officials to release hidden cash, stating that if that were the case, the notes would have been replaced immediately after the UPND assumed office in 2021.

He explained that one of the key reasons for the change is to combat the proliferation of counterfeit notes, particularly the K100 bill, which has been frequently forged.

“The new banknotes will make it more difficult for criminals to commit crimes involving the production of counterfeit notes,” Mweetwa stated.

He further noted that the current banknotes are made of poor-quality materials that wear out quickly, increasing replacement costs for the Bank of Zambia.

Addressing the mining sector, Mweetwa assured Zambians that as the industry continues to generate benefits, the economy will strengthen, creating more opportunities for growth.

He refuted claims that the government had granted tax holidays to mining companies and challenged those making such accusations to provide evidence.

On agriculture, he projected an increase in maize production this year, creating an opportunity for exports and additional revenue for the country.

He outlined the government’s target to produce 10 million metric tonnes of maize, 1 million metric tonnes of soya beans, and 1 million metric tonnes of wheat annually by 2027.

“As of two weeks ago, statistics at the Public Service Micro Finance Company show that 54 percent of women have accessed loans to invest in agriculture,” Mweetwa revealed.

Discussing the ongoing load shedding, he attributed it to the drought, stating that without it, there would be no power shortages or rising mealie meal prices.

He reassured the public that the government is implementing measures to mitigate the crisis, including opening the electricity market to private sector players and moving away from ZESCO’s single-buyer model.

“As an immediate response, ZESCO has installed diesel-powered generators in key markets across Lusaka to help cushion the energy crisis,” he stated.

Mweetwa also explained that Zambia is still exporting power due to long-standing contractual agreements with SADC member states, which the government is obligated to honor.

His remarks emphasized the government’s commitment to financial security, economic stability, and long-term energy sector reforms.

©️The Falcon

ZESCO TO ADD 270 MEGAWATTS OF SOLAR POWER TO NATIONAL GRID

February 18, 2025

LUSAKA – In a quest to reinforce the New Dawn Government’s commitment to energy security and economic transformation, ZESCO Limited has signed Power Purchase Agreements (PPAs) with 28 Independent Power Producers (IPPs) under the Micro-Generator Scheme and the Presidential Solar Initiative.

The agreements, signed at Mulungushi Conference Center, Kenneth Kaunda Wing, will inject 270 megawatts (MWp) of solar power into the national grid, marking another major milestone under President Hakainde Hichilema’s administration.

Speaking at the signing ceremony, Minister of Energy, Hon. Makozo Chikote, MP, emphasized that the agreements demonstrate President Hichilema’s resolve to end energy deficits that crippled the economy under past regimes.

“Under the leadership of President Hakainde Hichilema, we are not just talking about development – we are delivering it. This initiative will power industries, create jobs, and drive economic growth, proving that the UPND government is serious about transforming Zambia,” Mr. Chikote declared.

Since assuming office, the UPND-led government has embarked on an ambitious agenda to increase electricity access from 53.6% to 100% by 2030, aiming to connect 3.2 million new households and expand clean cooking solutions from 8.9% to 40%.

Meanwhile, ZESCO Managing Director, Eng. Justin Loongo, hailed President Hichilema’s leadership for prioritizing renewable energy expansion and ensuring that Zambia never again experiences the crippling blackouts of the past.

“The 270MWp from micro-generation projects will integrate small-scale solar power plants, enhancing grid stability and ensuring reliable power for all Zambians,” Eng. Loongo emphasized.

Furthermore, under the Presidential Solar Initiative, an additional 62MWp will come from government-backed installations, with construction set to commence in two months and completion expected within three to eight months.

To further attract investment, President Hichilema’s administration has introduced zero-rated VAT on solar products, duty-free importation of machinery, and tax exemptions in rural areas – a bold step that has won praise from the private sector.

Speaking on behalf of Independent Power Producers, Ms. Jacqueline Phiri commended the New Dawn Government for opening the energy sector to private investment.

“Unlike in the past, where bureaucracy stifled progress, today’s Zambia is open for business, thanks to President Hichilema’s pro-investment policies. We, as private developers, are ready to deliver,” Ms. Phiri said.

With over 320MW of solar capacity expected by 2026, the Micro-Generator Scheme and the Presidential Solar Initiative are key to reducing Zambia’s reliance on hydropower.

These agreements will stabilize the national grid and drive industrialization, cementing Mr. Hichilema’s legacy as the leader who truly powered Zambia’s future.

(C) THE FALCON

EMMNAUEL MWAMBA , ECL POLITICAL RHETORIC CAN’T  MANIPULATE RUSSIA , DRC AND ZIMBABWE ; THESE ARE OUR ALL- WEATHER FRIENDS ! 

By Mark SImuuwe

It is not the first time we are seeing Emmanuel Mwamba attempt to create what looks like tension between Zambia and other countries.

We have seen many of his articles recklessly and skillfully written to create  what looks like a discord between Zambia and other countries for his political rhetoric.

I have taken note of a write -up by Mwamba in which he is raising lopsided alarm regarding  Edgar Lungu’s desperate trips to countries which are far ahead of his cheap political rhetoric .

Firstly , all the countries that may receive ECL know what he is trying to portray with his political appetite- and are ahead of him .

The gimmick by Plan B group to fail to sell their agenda to the citizens , then resort to international political drama is a serious international embarrassment.

After many of them have been involved  in so many illegal activities which have seen most of them frequenting courts , they think the countries they are visiting have not heard about Patriotic Front ( PF) Ukwa bags , gassing citizens , arson , shutting down media , ethnolinguistic rivalry , tyranny , and extra-judicial killings, arbitrary  arrests , they perpetrated at their time under the PF rule ?

It should be stated here that Russia has been  a smart and reasonable friend to Zambia for many years. 

Russia has never been seen to take sides in Zambia’s politics .
We all need to commend President Vladimir Putin and the People of Russia .

Russia’s support to Zambia cannot be over emphasized ; Russia has offered thousands of scholarships to Zambian students for many years even when they have benefited  less from Zambia.

We recognize Russia as a true friend . PF should stop dragging Russia , DRC and Zimbabwe into their dirty politics.

I wish to advise my brother Mwamba  that , he is not a forensic  investigator to dismiss whatever was published by a Zambian citizen by the name of Justin Mooya .

Emmanuel Mwamba would save his energy by reaching out to Justin Mooya as to the source of that information than dragging  State House  into mediocrity , an act  he enjoys directing to State  House even on things that do not concern State House .

He should also stop manipulating the Inspector General of Police  with his dirty politics; we can have civil politics devoid of malice and propaganda.

We all know that Zambia enjoys cordial relations with the Democratic Republic of Congo , Russia and Zimbabwe and we know that the intention of Emmanuel Mwamba is not to raise a concern per se over the validity of the contents of the publication, but to position  the Zambian government in bad light with the mentioned countries.

To the contrary ,reading  the article by Mooya is  actually exposing the evils of Edgar Lungu ,  Emmanuel Mwamba and their friends  and not maligning other countries ; the visits  that they are soliciting for all over are not genuine and many host countries , would merely receive  ECL for Public Relations to avoid embarrassing a former head of state .

ECL and his minions are an embarrassment to Zambia . They cannot be soliciting visits all over to play tricks which have failed in Zambia .

Many Zambians by now know the IQ of PF members and the embarrassment they are causing internationally with those desperate trips .

It should be noted that , Russia is such an advanced  and descent country that persons like ECL cannot use for  political drama.

We have enjoyed cordial relations with Russia for about 60 years and Russia has remained a strategic partner to Zambia. 

Russia is smart !!

Further , DRC remains our all weather friend together with Zimbabwe . We have come a long way with Zimbabweans and they shall forever remain our brothers .

Ends //

Miles Sampa’s Shifting Allegiances
………….The Truth Behind His Political Journey

In a recent statement, Patriotic Front (PF) Matero Member of Parliament Miles Sampa fiercely refuted claims that he has ever been affiliated with the United Party for National Development (UPND).

His remarks were a direct response to Given Lubinda, who accused him of being a “UPND project.” However, a deeper examination of Sampa’s political history reveals inconsistencies in his claim of unwavering loyalty to PF.

Miles Sampa’s political career has been anything but linear. While he insists that he has never been associated with UPND, historical records tell a different story.
https://www.facebook.com/share/1A4c8GWPKL/

1. The 2016 Alliance with UPND
Sampa was a key figure in the PF government under the late President Michael Sata, serving as Deputy Minister of Commerce and later as Matero Member of Parliament. However, following Sata’s passing in 2014 and the subsequent leadership disputes within PF, Sampa broke ranks with the party.

In 2016, after a fallout with then President Edgar Lungu and PF leadership, Sampa openly joined forces with the UPND in a bid to unseat Lungu. At the time, he publicly endorsed UPND President Hakainde Hichilema and actively campaigned against PF. His support for UPND was not subtle he attended rallies, shared the stage with Hichilema, and was vocal about PF’s failures under Lungu.

It is worth noting that while Sampa may not have formally registered as a UPND cardholder, his alignment with the party in 2016 was clear. His claim that he has never been associated with UPND is, at best, misleading.

2. The Formation of the Democratic Front (DF)
Further contradicting his claims of lifelong PF loyalty is the fact that Sampa formed his own political party, the Democratic Front (DF), in 2016. His departure from PF was not a mere disagreement it was a full political divorce. The Democratic Front was established as a vehicle for his presidential ambitions, positioning itself as an alternative to both PF and UPND.

However, DF quickly ran into legal hurdles when PF objected to the party’s name, citing similarities to its own branding. As a result, Sampa was forced to rebrand his party as the United Democratic Front (UDF). This move further distanced him from PF, reinforcing that he was no longer part of the party he now claims to have always been loyal to.

3. The Return to PF and Flip-Flopping Allegiances
Sampa’s political gamble with the UDF did not yield success. As the 2016 general elections approached, he abandoned his presidential ambitions and aligned himself with UPND in what appeared to be a pragmatic decision. His open endorsement of Hichilema was widely seen as an effort to stay politically relevant after failing to secure a significant foothold with UDF.

Following UPND’s loss in the 2016 elections, Sampa once again shifted course. He reconciled with PF and was readmitted into the party, later securing the position of Lusaka Mayor in 2018 on a PF ticket. His return to PF was met with mixed reactions, with some members welcoming him back while others viewed him as an opportunist who had betrayed the party at its most critical juncture.

Sampa’s recent statement dismissing any UPND ties is not just a matter of political rhetoric—it is a direct contradiction of documented events. His involvement with UPND in 2016, combined with his formation of the Democratic Front/UDF, disproves his claim of uninterrupted loyalty to PF.

Given this history, his attacks on Given Lubinda appear to be an attempt to reframe his political past and solidify his control over PF. Lubinda’s accusation that Sampa is a “UPND project” may be politically motivated, but it is not without basis. The record shows that Sampa has strategically aligned himself with different factions whenever it suited his political ambitions.

Beyond Sampa’s personal political history, his dispute with Lubinda highlights deeper divisions within PF. As the party struggles to rebuild after its 2021 electoral defeat, competing factions are vying for control. Sampa’s leadership has been contested by other senior PF figures, some of whom view him as an unreliable leader due to his history of political shifts.

This infighting could weaken PF’s ability to mount a strong challenge against UPND in the 2026 elections. If the party remains entangled in leadership disputes, it risks further alienating its support base.

Miles Sampa’s assertion that he has “never been UPND” is a carefully crafted narrative designed to erase inconvenient truths. His 2016 alliance with UPND and the formation of his own political party paint a different picture one of a politician who has navigated various allegiances to remain politically relevant.

As PF navigates its future, its members must decide whether Sampa’s leadership offers stability or if his past betrayals make him an unreliable steward of the party’s revival. One thing remains clear: the battle for PF’s soul is far from over.

By Chisha Mwanakatwe

A Brief Comment on the Changes to The Zambian Currency Structure, 2025

There has been interesting debate from both the public and in parliament following the recent announcement by the Bank of Zambia, that a new currency structure would soon be introduced to circulate alongside the existing one, with the latter being gradually phased out of from circulation over a twelve month period.

Of particular interest has been the addition of two new High Value Notes (K200 and K500), the retention of low denomination coins in the new structure, and the timing of the change, not only from the perspective of the economic environment (which is inter alia, characterised by high inflation), but also due to the fact that the country will be holding parliamentary and general elections within the coming year.

I will try to limit myself to the aspects that seem to have raised public  interest, and perhaps, it is at this point that I should state that the views I express are entirely personal.

During times of high inflation, the changing prices rapidly erode the purchasing power of the currency, resulting in two notable distortions.

Firstly, the upper end of the denomination structure no longer performs its intended role of being a convenient store of value and is relegated to a more “transactional” role. This loss of value at the high end invariably results in the introduction of “higher value notes” and when inflation persists at these levels, the denominations introduced may become so large that a re-basing (striking off of zeros) becomes the desired option in order to have a currency which can be used by the public with as little confusion as possible, and which is appropriate for use in forms of technology which may accommodate only a limited number of digits.

Secondly, high inflation has the undesired effect of rendering the lower end of the denomination structure virtually worthless over time. We are all familiar with the various coins that were introduced to facilitate very small transactions and to provide change for slightly larger ones. As we have all observed, when inflation persists, they no longer serve that purpose and simply disappear from circulation as they have no role to play. What is important to note here is that because small value denominations exchange hands so many times in so many transaction in a day, there is a need to make them as durable as possible, which is why the lower end of the denomination structure typically has coins. It is this constant usage (often referred to as high velocity), which makes a K2 note wear out rapidly and deteriorate to a point where it continued circulation becomes not just an inconvenience, but also a threat to public health. This is worsened in an economy like Zambia’s which still has a very large informal sector trading outside of the formal banking system, thereby making it difficult to withdraw low value notes which are of unacceptable quality.

And therein lies the dilemma presented by coins. Some studies estimate that the expected life in circulation could go as high as twenty six years. However, the cost of minting coins is extremely high (compared to paper notes) so it is expected that once put in circulation, coins will remain in use for a period of time long enough to justify the cost of their production. Therefore, while it remains a plain fact that coins would save the Central Bank the cost re-printing low value notes (which are withdrawn and destroyed in as little as four months), inflation levels have to be sustainably low enough to allow then to circulate for a period, long enough for their economic cost to be justified. At the current level of inflation which is over 16%, coins are simply not a viable option.

While on the subject of coins and durability, it would be unfair to point out why they are undesirable in times of high inflation, without giving a view on the possible solutions.

This vexing problem of finding an appropriately durable denomination for the lower end during times where coins are not viable, is not new.

In September 2003, The Bank of Zambia took a bold stance and introduced notes made out of the, then, novel Polymer substrate for some of its High-Velocity Notes (K500 and K1,000 pre-rebasing), having recognised the immense cost associated with printing on a cotton substrate, only to withdraw the notes, and have them incinerated after a few months. These two polymer notes were now serving the role that coins had been intended for and it was imperative to make them durable. Interestingly, this happened at the same time as the introduction of two  new High Value Notes (K20,000 and K50,000 – pre-rebasing).

At the time, very few countries had introduced the use of polymer, with the pioneers being Australia, Canada, New Zealand, Thailand and Papua New Guinea. Zambia became the first African country to use the substrate.y

The use of polymer in High Velocity Notes in Zambia did not last long, and the Central Bank soon reverted to the more traditional, though perhaps less appropriate cotton substrate.

Since then, use of the substrate has been introduced in many countries such as the United Kingdom, Russia, Nigeria and China. It’s expected that by 2030, a further twenty countries would have adopted it. Most of these countries have reasonable levels of inflation and are therefore able to incorporate coins into their denomination structures, and their environments are not as harsh as ours, yet the cost/benefit argument has been compelling. The driving rationale is that although polymer notes cost about twice as much as paper notes to print, polymer lasts about 4-5 times longer than paper ones. Some studies done in Australia suggest that they may even last seven times as long. The ordering authority could therefore expect, over time, to benefit in from cost reduction in the range of 60-80%.

In confronting the challenge of durability, the Bank of Zambia has commendably, opted to use a “Hybrid Substrate”, which would be a mix of a cotton-based substrate and a durable substance. The Bank will elaborate more on the composition, texture and features, but the expectation is cleaner and more durable notes compared to what has been observed in the recent past.

Indeed, there may be compelling reasons why the Hybrid may be preferable over other durable options. It has been observed that because Hybrids do not differ very much from the traditional cotton notes, they are more easily acceptable when introduced.

What is important is to keep seeking a strong understanding of developments in currency technology which would be best suited for the harsh environment that the Kwacha operates in and ensuring that a critical assessment of costs and benefits is undertaken in order for outcomes to optimal.

My last comment is on the timing of the changes in the currency denomination structure. I begin by emphasising that reviewing the structure of the currency is a routine central bank function which is necessary for the denominations in circulation to be in the right quantities by denomination, and to serve their intended purpose, again by denomination. A rule of thumb is that once the concentration of value in circulation exceeds 60% in the largest note, this should trigger the consideration of higher denominations. How the rest of the value distribution is arrived at is a technical matter and perhaps, not necessary for this note. The announced changes are therefore nothing new, and are merely intended to facilitate a necessary adjustment given the high level of inflation which has had a telling impact on the value of the Kwacha.



Chisha Mwanakatwe

The Author is a Retired Central Banker

Bank of Zambia  Takes Possession of MyBucks zambia Due to Insolvency

17 Feb 2025. The Bank of Zambia has taken possession of ECSPONENT FINANCIAL SERVICES LIMITED, trading as MyBucks Zambia, pursuant to Section 64 of the Banking and Financial Services Act (BFSA), No. 7 of 2017. This decision was made due to the institution’s insolvency.

The Bank of Zambia’s Board of Directors passed a resolution to take possession of MyBucks on February 16th, 2025, at 16:23 hours. This move aims to safeguard the interests of depositors and other creditors, as well as prevent a disorderly exit of the institution.

During the possession period, the Bank of Zambia will prepare a statement of affairs and take any other necessary actions in line with Section 73 of the BFSA.

The Bank of Zambia’s powers to license, supervise, and regulate financial service providers in Zambia are defined under the Bank of Zambia Act and the Banking and Financial Services Act. The primary objective of the Bank of Zambia is to formulate and implement monetary policy and supervisory policies that ensure the maintenance of price and financial system stability.

In this case, the Bank of Zambia invoked Section 64 of the BFSA, which allows the central bank to take possession of a financial institution in cases of insolvency. This move demonstrates the Bank of Zambia’s commitment to maintaining financial system stability and protecting the interests of depositors and creditors.

The takeover of MyBucks Zambia is a significant development in the country’s financial sector. It highlights the importance of effective regulation and supervision in maintaining financial stability. The Bank of Zambia’s actions aim to prevent a potential crisis and ensure that the institution’s failure does not have a ripple effect on the entire financial system.

As the Bank of Zambia continues to work on resolving the situation, it is essential for depositors and creditors to remain calm and cooperate with the authorities. The central bank’s actions are aimed at protecting their interests and maintaining financial stability in the country.

#FinancialInsight #Get2know #MyBucks