Bank of Zambia Hosts Strategic Seminar with Parliament Committees in Livingstone

The Avani Victoria Falls Resort in Livingstone is currently hosting a pivotal seminar organized by the Bank of Zambia for key members of Parliament. The event, which runs from October 11 to 14, brings together members of the Planning and Budgeting Committee, Public Accounts Committee, and the Committee on National Economy, Trade, and Labour Matters, alongside Chairpersons of various Standing Committees of Parliament.

The Clerk of the National Assembly of Zambia, Mr. Roy Ngulube, delivered his remarks during the seminar’s opening session, where he underscored the importance of this event in keeping Members of Parliament informed on key macroeconomic trends and financial sector developments. 

“This is the tenth seminar the Bank has organized for Members of Parliament, and it continues to be a crucial capacity-building platform for us,” Ngulube said. He emphasized that the seminar’s timing, immediately following the Members’ review of budget estimates through Sector Budget Analysis, was strategic, ensuring that the knowledge gained would better inform upcoming policy debates.

In his speech, Mr. Ngulube highlighted the tough economic challenges Zambia is currently facing, particularly the impacts of climate change and other external shocks on the country’s socio-economic well-being. 

He expressed confidence that the seminar would contribute valuable insights toward potential solutions for these challenges. He also lauded the Bank of Zambia for its efforts in organizing the event, which features discussions on recent economic developments and regulations within the financial sector.

Honourable Rodney Sikumba, Minister of Tourism and Member of Parliament for Livingstone Central, welcomed attendees with a message that blended the significance of the seminar with the opportunity to experience the natural beauty of Livingstone. Sikumba commended the Bank of Zambia’s vital role in navigating the country’s economic complexities. 

“The seminar offers a vital platform for stimulating discussions on macroeconomic trends, monetary policy, and the overall health of our financial sector,” he said, urging all participants to engage fully.