Poor saving culture worries Mwanakatwe

Margaret Mwanakatwe - Commerce, Trade and Industry Minister

Margaret Mwanakatwe – Commerce, Trade and Industry Minister

Commerce, Trade and Industry Minister Margaret Mwanakatwe says there is need for stakeholders to intensify efforts aimed at encouraging the culture of saving in the country.

Mrs. Mwanakatwe says current poor culture of saving in Zambia needs to improve.

Speaking during the official launch of the Civil Service and Allied Workers of Zambia – Savings and Credit Cooperative Society Limited (CSAWZ – SACCOS),Mrs. Mwanakatwe says government has put in place an enabling environment in as far as the regulatory process of cooperatives is concerned.

She explains that this structure ensures that all cooperatives are linked up as provided for under the cooperative principle which is cooperation amongst cooperatives.

Speaking earlier, Savings and Credit Cooperative Society Limited Chairperson Agness Ndila says the cooperative is open to all civil servants.

She says the cooperative is aiming at encouraging the culture of saving among civil servants in the country.

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