Covid-19 Updates

BoZ contributes K3 million towards the COVID-19 response

Bank of Zambia has donated K3 million towards the COVID-19 response following a sharp rise in the number of cases.

Boz Governor Christopher Mvunga said during a briefing in Lusaka today that the contribution will be channeled through the Ministry of Finance adding that it is meant to help in addressing immediate COVID-19 pressing needs that the Ministry of Health is facing.

“We, at Bank of Zambia are fully aware of the spike in the COVID-19 cases and the adverse effects the pandemic has had on the lives and livelihoods of our people as well as the economy in general. It is for these reasons that the Board, Management and staff of the Bank of Zambia is contributing K3, million towards the COVID-19 response,” he said.

“Ladies and Gentlemen, consistent with our vision of being a dynamic and credible central bank that contributes to the economic development of Zambia, the Bank recognizes that health is one of the key pillars of economic development.”
Mvunga said the Bank has found it prudent to collaborate with the Ministry of Health in preserving human life at a critical time such as this one, when the third wave has ravaged the country.
“We have noted that Zambia has continued to record increasing numbers of new COVID – 19 cases and death toll has also been on the rise,” he said.

“Ladies and Gentlemen, it is worth noting that economic activities in the country have declined largely due to the adverse impact of the COVID-19 pandemic as evidenced by reduced production, trade disruptions, business closures and decimation of the tourism industry.”
And Mvunga commended the Ministry of Health for the efforts and measures being implemented in addressing the pandemic.

He however mentioned that the containment of the deadly pandemic requires a collective response from all stakeholders including private citizens.
“We all have a role to play in this fight and we must play it effectively in order to flatten the curve,” he said.


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