8% in 2020, supported by firmer copper prices, favorable external demand, good rainfall, and post-election market confidence. FNB has confirmed the appointment to the Zambian Business Times – ZBT on May 12, 2020 that this appointment also marks another milestone in the 11-year history of the bank to have a Zambian citizen as an incoming CEO. Explain HTTP, FTP, TCP/IP protocol etc. Therefore, it represents a significant improvement over previous analyses. . [4] Indo-Zambia Bank Limited. AB BANK ZAMBIA LIMITED AB BANK PO. 1% in 2024, WB Forecasts. 0. 50% as inflation in the copper-rich nation remained high. 00 K150. 5700: first capital bank zambia: 23. Below is a full list of registered banks in Zambia(2023/2024) NO BANK NAME SHORT NAME POST ADDRESS CITY TELEPHONE 1. FBZ was incorporated in Zambia on September 23, 1986. May 18, 2022. This study attempts to fill this void by investigating cost efficiency in the Zambian. 4 billion dollars equivalent to 2. 00 NIL NIL 15 Standard Chartered Bank Zambia PlcOn a monthly basis, consumer prices increased by 0. Choose delivery method. 4. Christmas Day. BOX 35273, LUSAKA […] Tuesday's study estimated that $7. 5 USD 115. 2712. Data in doing business 2020 are current as of May 1, 2019. LUSAKA LUSAKA CH CHIPS UNIVERSAL IDENTIFIER 70333 No No. The Bank of Zambia, which operates as both the nation’s central bank and the banking industry’s national regulatory authority, is the body that has. The report was designed and edited by Katarina Zeravica. The World Bank has supported the Zambian government with reforms to reduce regulatory constraints to investment and promote the commercialization of agricultural activities. Zambia National Commercial Bank Pie v Joseph Kangwa, SCZ Appeal No. Rates change according to market price. Holy Saturday. 149 3. On Wednesday, Fitch Ratings downgraded a key. A new, redenominated kwacha was introduced in. Absa Bank Zambia PLC is regulated by Bank of Zambia under licence No. 52 in thousands of US$ leading to a positive trade balance of 3,665,957. The Mission Statement of the Bank is to achieve and maintain price and financial system stability to foster. Zambian Kwacha to South African Rand. 366906064 ZAR. #Kula. This 2013 study, published by the Chief Economist Complex of the African Development Bank, evaluates the degree of competition in the Zambian banking sector in the wake of dynamic market shifts induced by financial reforms, entry of new foreign banks and privatization of the state-owned bank. National Holiday. Supporting You , Developing Zambia | Indo Zambia Bank was formed on 19th October, 1984 by the Government of the Republic of Zambia and the Government of India out of the desire to promote banking facilities to support the economic development of Zambia. 10 USD 233. COVID-19 and the Zambian economy Given the casual relationship between economic growth and the fortunes of the financial services sector, banks and NBFIs remain at risk of being disproportionately impacted by a prolonged slowdown in the economy. ] An Act to provide for the additional functions, operations and management of the Bank of Zambia; provide for the. Cairo Road. Let's Start. 5% with effect from. Furthermore, despite the policy of open doors to foreign financial institutions, which has been in place since Zambia’s independence, only a few new banking products have been introduced by foreign banks to serve the needs of households and firms. With the aid of Arise B. This fundraising endeavour was spearheaded by the Alitheia IDF Fund, a private equity fund known for its gender-focused investments, and saw substantial contributions from INOKS Capital SA and the. Purpose – This study aims to evaluate the degree of competition in the Zambian banking sector in the wake of dynamic market shifts induced by entry of new foreign banks and privatisation of the state‐owned bank. Indo Zambia Bank Limited, the Supreme Court dealt with an employee whose conditions of service were altered by their employer. 3200: 23. The Central Bank of Zambia raised its key interest rate by 25 bps to 9. 13, it said in a circular on. Currently, Zambia is one of the first 17 African countries to implement the Digital Economy for Africa (DE4A) Initiative, in which the World Bank has committed to investing $25 billion in Africa’s digital transformation. 5700: 23. The eighth Zambia Economic Brief has been prepared by Gregory Smith and Zivanemoyo Chinzara of the Macroeconomic and Fiscal Management Global Practice, World Bank Group. Using a detailed bank-level panel data set, we. 25 ZMW 1. 0 Gini indexa 55. 5% due to the likely impact of recently introduced power cuts on private consumption. 500 USD is equal to 11644 ZMW. Development Bank of Zambia | 3,916 followers on LinkedIn. In a major development, the World Bank has appointed a Zambian National, Dr. 2 In the Zambian banking industry, changes to institutional and regulatory policy framework significantly shaped the financial landscape and impacted greatly on banks‟ profitability, cost structure and efficiency. Address: Central Park Prestige Banking Farmers House, Lusaka, Zambia, Zambia. In our commitment to help Zambia grow, Zanaco is proud to be the largest employer in the Zambian banking sector. At Fitch Solutions, we have revised down our 2023 real GDP growth forecast for Zambia from 3. As a local financial institution we understand the Zambian culture and. Central 0 0 3 0 0 2 0 0 0 0 2 0 2 0 0 1 2 0 0 4 16 Commercial Banks Access AB Bank Atlasmara Bank ABC BOC Absa Cavmont Capital Bank Citibank Ecobank FAB FNB Finance Bank Indo-Zambia ZICB FCB. Bank of Zambia - HQ. Bank in Washington DC, Marie Sheppard, World Bank Group, Zambia, Juliet Munro, FinMark Trust, and Roland V. The banking sector has an important role to play in Zambia’s economy. They offer 8%+ on their normal Target Savings Account, as well as rates up to 14% -> 15% on their term deposits and high-networth accounts. Dr. Source: Bank of Zambia, Zambia Statistics Agency and Ministry of Finance Table 1: Selected Macroeconomic Indicators, 2018 - 2022. Introduction The Bank of Zambia serves as the national banking regulator in the republic. 1. Zambian Kwacha to United States Dollar. 6. Zambia’s investment climate has remained broadly favourable although the macroeconomic conditions deteriorated in 2020. Zambia. 72%. Several other banks and non bank financial institutions were set up by the government to serve various purposes. org. Zambia’s finance minister has criticised prolonged discussions over the country’s debt restructuring, which have included a Chinese call for multilateral lenders such as the World Bank to be. Bank of Zambia has the sole right to issue bank notes and coins in the country. A beacon of excellence and partner of choice in development financing | About DBZ The Development Bank of Zambia (DBZ) was established in 1972 pursuant to section 3 of the DBZ Act Chapter 363 of the Laws of Zambia as a joint venture between the Government, Public Sector Financial. In rural areas, Zambians are more excluded from formal financial services, as as are women. 1. According to the national wealth accounts prepared by the World Bank, natural resources make up 40% of the country’s wealth and are a cornerstone for its economic growth and strategies for poverty reduction. It was established by the Building Societies. 15)a 60. 1232: 23. 00 p. 250 USD is equal to 5822 ZMW. You won’t receive this rate when sending money. psd@boz. And in the bid of regulating the bank charges in Zambia, this step has received negative response from the Bank Association of Zambia as a violation of the set competition laws. Inflation Will Stabalise Over 2023 Zambia - Consumer Price Inflation, % y-o-y (2019-2023) Source: Zambia Statistics Agency, Fitch Solutions. 7% in the prior month. ”. , co-founded by Diamond, was sued by Rajan Mahtani, who set up Finance Bank Zambia, alleging he wasn’t paid nearly what he was owed for selling the lender. 00 FREE N/A K20. 1. Francis. This page contains a national calendar of all 2024 public holidays for Zambia. 1 million USD is equal to 23. Therefore, the government controls part of the banking sector to ensure monetary policy. Kalyalya Governor. WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Zambia’s struggling economy has been given a boost through a $1. ] [Act No. 0 GDP, current US$ billion 29. RM EXKXPE – Detail from a Zambian 50 Kwacha banknote (2009) showing an eagle watermark. Printing and scanning is no longer the best way to manage documents. 3100: 23. 25 ZMW 19. ZM BANK OF ZAMBIA BANK OF ZAMBIA LUSAKA BANK SQUARE, CAIRO ROAD. Accurate, up-to-date public holidays, bank holidays, and observances in Zambia for 2023 ready to be integrated into your application. Living up to its slogan On 3rd February 2022, ZANACO announced that it was the number one bank in Zambia as measured by Profit After Tax and the first Bank to reach K1 Billion Profit After Tax. ( 1 ) United Nations Population Division. ID Bank or Institution City Branch Swift Code; 1: AB BANK ZAMBIA LTD. Kenya's shilling is expected to extend its gradual march lower as foreign-currency demand ramps up from all sectors before the end of the year. Working at Zanaco means you have the opportunity to have an impact and play a hand at shaping the. Zambia's president is due to meet officials at the International Monetary Fund and World Bank in Washington, his spokesman said on Wednesday, as the southern African nation tries to secure a. 2500 USD is equal to 58221 ZMW. The bank opened its door to the public on 1st August 2018 and. The Zambian kwacha (ZMK) is the official legal tender and national currency of the Republic of Zambia, issued by the country's central bank, the Bank of Zambia. Low commodity prices, a more stable exchange rate, and adequateSeptember 28, 2021 at 1:10 AM PDT. Cairo Road. Bank Square. 3billion. LUSAKA, November 8, 2017 – Mary. 00 K15. ($462. 100 USD 2,311. Download IZB Corporate Banking and enjoy it on your iPhone, iPad and iPod touch. The review team also included members of staff of the Private Sector Development Reform Programme and the Zambia Business Forum. Zambia - Foreign Exchange Controls. Ecobank Zambia | 8,766 followers on LinkedIn. 5 million eurobond repayment, becoming the first African nation to default on its debt in the Covid-19 era. 2607. lusaka: abbazmlu: 2: absa bank zambia plc: kitwe: kitwe processing centre: barczmlxkpc: 3: absa bank zambia plc Zambia last week opted to bow out of a $42. Location. The ‘China versus the West’ narrative has been a central theme of news coverage of Zambia’s default. 6853 ZMW. Rates change according to market price. zm) Published On: May 11, 2023 TYPE: Interim Reports Year: 2023 Period: Q1 Country: Zambia Sector: Banking. 4% in 2022, as mining exports rebound and investment in the mining sector. Source: Bank of Zambia Note: Bars below zero mean low demand, above zero high and zero (no bar) means unchanged. The aim of the financial system stability function of the Bank of Zambia is to maintain a financial system which is stable and resilient to financial or economic shocks, in order for the system to be able to smoothly conduct its core functions and therefore support sustainable economic growth and development. customerservice. It is typically referred to being in South-Central Africa or Southern Africa. Available In Multiple Currencies. 1. Create a free bank account in minutes Dial *888# or download the eTumba app on Google Play or App Store and register instantly, anywhere, anytime and at no costs. 0 Upper middle-income poverty rate ($6. Topics to prepare for EY Global Delivery Services ( EY GDS) Technology Consultant interview:. A wideThe Bank of Zambia is the Central Bank of Zambia. Our online banking platform is not confined to traditional branch hours. British International Investment partners with Access Bank Plc to extend US$60 million trade finance facility across five African countries Regulators Approve Merger Between Access Bank Zambia Limited and African Corporation Zambia Limited Access Bank Zambia Limited hands over Adopted BO3 University Teaching Hospital Maternity. 00 p. It is licensed by Bank of Zambia, the central bank and national banking regulator. 5 ZMW 3. Development Bank of Zambia and Mary Ncube (Receiver) vs Christopher Mwansa and 63 Others, SCZ/ 08/103/ 08-J2-7. Zambia's annual inflation rate dropped to a near 3-1/2-year low of 9. and Others (2000) ZR 27 (SC). Both exchanges are considered to be beginner-friendly and offer multiple deposit methods and a variety of cryptocurrencies. The mobile money revolution in Zambia by Mwatula Chiti. Free transfers to other banks and mobile wallets Send and receive money from other banks and mobile wallets in real-time. 7500 USD is equal to 174663 ZMW. Phone number. Minimum Investment Amount. 2. App, online and other banking. We are a proudly Zambian Bank, maintaining our position as one of Zambia’s leading and innovative banks since 1969. BL002/1918B. ‘Zambian Airways’ approached Investrust Bank Plc . No minimum transfers. 00%. Indo Net Banking. Download IZB Corporate Banking and enjoy it on your iPhone, iPad and iPod touch. Latest news and information from the World Bank and its development work in Zambia. 6. Bank statements. Geographical and historical treatment of Zambia, a landlocked country in south-central Africa. License Number 010/1986B FBZ currently employs nearly 800+ personnel. Monetary and Financial Statistics. The advent of Digital Financial Services (DFS) has seen the introduction of electronic means of payment and savings mostly via mobile phone. Bank transfers are an easy way to send money to Zambia but they charge extra for the convenience and are often slower than other methods. For project-related issues and complaints. This deposit depends on the account type. This Zambia Country Report is a product of The Mining Investment and Governance Review for Zambia, which was undertaken in March-April and October 2015 by a team led by Michael Baxter and consisting of Lois Hooge, Wilfred Lombe, Anne-Claire Howard, Julia Baxter, Yann Lebrat, Isabella Gerber, David Mihalyi and Giorgia Cecchinato. Location. FBZ was licensed by the Bank of Zambia to conduct banking business in Zambia in August 6, 1986. Cavmont Bank Limited (CBL) Cavmont Bank headquarters is located in Lusaka and presently the bank has 250 employees and monitors 19 branches in Zambia. com is the world’s trusted currency authority. Zambia, World Bank) and Niraj Verma (Practice Manager for the Finance, Competitiveness and Innovation Global Practice of the World Bank Group) for their strategic guidance. credit in 2006. 14. Secure. Mobile banking offers the opportunity to reach out to the current 3. The period of circulation for this coin was brief as inflation rates skyrocketed. It provides Wholesale, Retail, Investment and Transactional Banking services to governments, financial institutions, multinationals, local companies, SMEs. 7/5, 41. During this period the Zambian pound circulated alongside the Zambian Kwacha until 31st January 1974 when the withdrawal process was completed and the sole legal tender became the Kwacha and ngwee. Bank of Zambia (BoZ) has disclosed that commercial banks posted significant rise in profits between 2021 and 2022. Macroeconomic and debt assumptions 7. A high-level Zambian delegation led by Finance and National Planning Minister Dr Situmbeko Musokotwane has arrived in Washington DC, United States of America, for the 2023 Spring Meetings of the. This rapid acceptance leads to poorly planned projects that quickly fail, thus wasting Chinese capital and hurting their image in African nations. The consequences of these failures led to China canceling US$158 million in Zambian debt in 2006, eventually resulting in a US$392 million write-off. 5 USD 116. The Zambia National Commercial Bank, sometimes referred to as “Zanaco,” is a monetary organization that is active in the commercial banking sector inside the borders of the nation of Zambia. 968345303 ZAR. 0. Homepage. FBZ was incorporated in Zambia on September 23, 1986. 7962. 25. Toggle navigation. The period of analysis was chosen based on data availability and its sufficiency to provide reliable results based on quantitative and statistical. Zambia (CCC+/Stable/C) The Zambian banking system's capacity to fund the government is limited by its large exposure to the state, estimated at over one-third of total financial assets. 0 GDP per capita, current US$ 1449. Historically, surnames evolved as a way to sort people into groups - by occupation, place of origin, clan affiliation, patronage, parentage, adoption,. 5700: 23. 1600 ZMW. 1992 The Bank of Zambia 100 Kwacha, P38e Gem Uncirculated, African Fish Eagle . 9% in 2023 and 4. Zambia had a total export of 10,101,351. 2607. The dominance of the four largest banks in deposits and total assets has been diluted by. Q4. 15)a 60. 5000 USD is equal to 116442 ZMW. After suffering a ransomware attack by the Hive operation, the Bank of Zambia made it clear that they were not going to pay by posting a picture of male. from 18th to 23rd September, 2023. Support +260 211 224 653/225 080, +211 227194, +211 22079 +260 211 225 090. 19 million (ZMK) As a matter of fact, Zambia has 20 privately owned Banks operational. Transactional Banking Manager at First National Bank (FNB) Location: Zambia. - The indo-zambia bank corporate banking app allows you to perform all your banking tasks from the palm of your hands, from. 3 million) originated from Citigroup for accounts housed within the Zambian subsidiary of South African Standard Bank Group, Stanbic Bank Zambia. The uniqueness of the report lies in profitability analysis and comparison with peer markets among others. Xe. 18. To cushion such shocks, the Bank of Zambia introduced a 4. LUSAKA, Nov 22 (Reuters) - Zambia's central bank raised its benchmark lending rate (ZMCBIR=ECI) by 100 basis points to 11. Ecobank Zambia is a full-service bank. In 2016, Zambia began work on a system to account for its valuable natural resources. Enjoy competitive yields. Chipimo recently explained that part of the big investment in. 81% and the Most Favored Nation (MFN) Weighted Average tariff is. Through the years, the Zambian kwacha suffered high rates of inflation and forced the Bank of Zambia to establish high-value denominations in 2003, which includes 20,000 and 50,000 kwacha bills to help facilitate transactions. There currently are 19 fully-fledge commercial banks in Zambia, according to the latest data from the Bank of Zambia (BOZ). O. 25% at its meeting on February 15th 2023, citing a deterioration in the inflation outlook. Supporting You. BOZ. Amounts over $5,000, carried in or out in cash or travelers checks, must be declared. This economy profile presents indicators for Zambia for. Commercial Suite Lusaka 26 00 01. The Currency Structure of 1973-1974Nkongolo Farm Limited vs Zambia National Commercial Bank and others (2007) Z. These dates may be modified as official changes are announced, so please check back regularly for updates. Regular interest payments. Its score has decreased by 0. Its not easy to tell the best bank in Zambia. 15) the number of beneficiaries of the social cash transferFurther, the Banking and Financial Services Act No. 5 percent fluctuation range for the Kwacha. The predominant financing modalities are. Payment Systems Statistics. 25 million in Series A funding. Contacts: Bank of Zambia Bank Square Cairo Road P. ZMW ZAR. 00 shipping (DN) Zambia 10000 Kwacha 1992 P-42. Currently Zambia’s international 10 year bond yields have a rate of 29%, meaning an investment of $1000 would result in payments totaling $3900. The leader of Zambia's Socialist Party, Fred M’membe, is accused of espionage, which he denies Image caption: The leader of Zambia's Socialist Party, Fred M’membe, is accused of espionage. Access Bank Zambia Limited 3. This is in line with the Bank of Zambia’s (BoZ) target of 6. 3200: 23. Zambian President Hakainde Hichilema has brought inflation down from 24. 6%, from a contraction of 2. The bank has E-Tracer, a paperless and cost-effective solution through which you can receive account statements electronically. Free transfers to other banks and mobile wallets Send and receive money from other banks and mobile wallets in real-time. 8%, amid the ongoing. 00 13 Investrust Bank Plc K30. The indicators are used to analyze economic outcomes and identify what reforms of business regulation have worked, where, and why. Bank Area Branch Zambia National Commercial Plc 01. Web site created using create-react-app. This study evaluates the degree of competition in the Zambian banking sector in the wake of dynamic market shifts induced by entry of new foreign banks and privatisation of the state-owned bank. Zambia - Colonial Rule, Independence, Economy: At first the BSAC administered its territory north of the Zambezi in two parts, North-Eastern and North-Western Rhodesia. 5k ratings. Zambian President Hakainde Hichilema named Denny Kalyalya as central bank governor, returning the highly. 119443 ZMW. 7 percent of GDP in 2020 to. The dream of a cashless AfricaPostal Address First National Bank Zambia Limited PO Box 36187 Lusaka, Zambia. Rates change according to market price. The credit released today is part of the World Bank’s $275 million concessional development policy financing (DPF) for Zambia approved by the Board of Executive Directors on October 25 in support. The Zambian kwacha has been the world’s best-performing currency against the US dollar for much of this year. Bank X and Bank Y are two of the top 5 banks operating in Zambia. The Constitution of Zambia Act, 1991 as amended. Access Zambia’s economy facts, statistics, project information, development research from experts and latest news. or . RF BM6XW0 – Aarovark on 1000 Kwacha 2003 Banknote from Zambia. Customer choice. Since the launch of telephone banking in late 2008, Zanaco has opened approximately 50,000 mobile banking accounts. Zambia National Commercial Bank Plc. The banks include Indo-Zambian Bank, Zambia. Downloadable! Studies on banking competition in developing countries, and especially in Africa, are sparse. The World Bank and IMF protest, forgetting their responsibility for Zambia’s past difficulties. Private Sector Specialist), Isabella Hayward (DigitalLupiya, a trailblazing neo-bank in Zambia, has achieved a significant milestone by securing $8. Loans and mortgages. 288 million ZMW. the banking industry in Zambia. Alternatives to PayPal, Suitable for receiving money in Zambia form other countries and buying things online. Banking. Zambia National Commercial Bank, commonly known as Zanaco, listed on the Lusaka Securities Exchange, serves retail customers, large corporations, agri-business and public sector clients. Funds transferred ($472. Balance of Payments Statistics. Central 0 0 3 0 0 2 0 0 0 0 2 0 2 0. In July 2013, the bank was acquired by a group of investors led by FMBcapital Group and rechristened as First Capital Bank. Indo-Zambia Bank is a significant employer in the communities that it serves and is an active participant in Corporate Social Responsibility activities in Zambia. The Zambian pounds remained in circulation beside the kwacha until 1974. FINANCIAL AND OTHER STATISTICS 1 Table 1: Selected Macroeconomic Indicators, 2012 - 2021 *The GDP numbers for 2021 are prelimimnary Source: Bank of Zambia, Zambia Statistics Agency and Ministry of FinanceThe Bank of Zambia has raised the Monetary Policy rate to 9-percent from 8. Swift code (8 characters) FIRNZMLX. Let's Start. Profitability analysis is made along 4 key pillars including key metrics, risk. - The indo-zambia bank corporate banking app allows you to perform all your banking tasks from the palm of your hands, from anywhere, anytime!. View Account Balances Monitor cleared transactions, forex rates inquiry vew, print and store electronic copies of your statements. According to “Regulation” refers to the set of laws and rules applicable to banking, and “Supervision” is defined as the monitoring by authorities of banks activities and the enforcement of banking regulations. . This new initiative is the first of its kind on the Zambian market and will allow Stanbic Bank customers to access instant pre-approvedFNB Zambia is a subsidiary of FNB South Africa, a wholly owned division of FirstRand Bank Limited which is listed on the Johannesburg Stock Exchange, and provides personal, commercial & corporate. Balance of Payments Statistics. 4. Denny Kalyalya as Governor of the Bank of. 1413: 23. P. 353706 ZMW. Indo Zambia Bank | 10,316 followers on LinkedIn. Zambia is a developing country, and it achieved middle-income status in 2011. Latest research from the World Bank on development in Zambia, including reports, studies, publications, working papers and articles. It is a commonly held view that the full impact of Zambia’s pre-Covid-19 economic challenges and the further complications brought on by the Covid-19 pandemic are only now becoming apparent. ZANACO SWOT ANALYSIS ZAMBIA NATIONAL COMMERCIAL BANK (ZANACO) SWOT ANALYSIS The banking industry has been evolving and the need for investment in new products and delivery channels has become even more apparent. 50 ZMW 39. Bank code A-Z 4 letters representing the bank. [email protected] Zambian project is in line with the Bank’s High 5 strategic priorities, specifically, Feed Africa, Industrialize Africa, and Improve the quality of life for the people of Africa. The Zambian kwacha derives its name. 11 Indo-Zambia Bank Limited K100. ID Bank or Institution City Branch Swift Code; 1: AB BANK ZAMBIA LTD. The report shows that that digital financial services in Zambia have increased significantly since 2016, laying the. As at 31 December 2021 , Bank X accounted for 13% and Bank Y accounted for 17%, of the Zambian banking sector's total assets and deposits, respectively. 00 K30,000. Levels of formal financial inclusion gradually increased from 23 percent of Zambian adults in 2009, to 38 percent in 2015. Zambia National Commercial Bank, commonly referred to by the name " Zanaco ", is a commercial bank in Zambia. id bank city branch swift code; 1: ab bank zambia ltd. The report shows that that digital financial services in Zambia have increased significantly since 2016, laying the. 53706 ZMW. 22. Follow US. Domestic Debt Markets and the Sovereign-Bank Nexus _____23 2. OVERVIEW. 3700: 23. zm. In Zambia, the bank currently controls 13 branches. Published on 29 July 2022. To cushion such shocks, the Bank of Zambia introduced a 4. Chart 3: Demand for Car loans Source: Bank of ZambiaPostal Address First National Bank Zambia Limited PO Box 36187 Lusaka, Zambia. The leader of Zambia's Socialist Party, Fred M’membe, is accused of espionage, which he denies Image caption: The leader of Zambia's Socialist Party, Fred M’membe, is accused of espionage. Address. +260 (211) 366100 (available Monday to Friday from 08:00-16:45) Chat to Abby on WhatsApp: +260 (762) 969 977.