GroFin Zambia participates in the FSDP II

On 2nd June 2015, GroFin Zambia participated in the Self-Assessment and Review of the Financial Sector Development Plan II, 2010-2015.  The FSDP II Secretariat, which has was quartered at the Bank of Zambia, has been involved in ensuring greater financial inclusion for all in Zambia as well as developing various regulatory frameworks across the three financial service regulators, namely Securities and Exchange Commission (SEC), Pensions and Insurance Authority (PIA) and Bank of Zambia (BOZ). Chibamba Lopa of GroFin Zambia was invited as a Capital Market player and represented various fund managers under the supervision of the SEC.

The FSDP II Activities and Milestones as well as the Finscope Zambia 2015 were unveiled on 23rd June 2015 and one major outcome is the increase in financial inclusion from 37.3% to 59.3% in 2009 and 2015 respectively. This performance exceeds the Government of Zambia’s target of 50%.