Zambia Institute of Banking & Financial Services (ZIBFS)

HAPPY NEW YEAR 2026 TO ALL OUR VALUED ZIBFS MEMBERS AND STAKEHOLDERS.

We look forward to fostering stronger collaborations with you and serving you better in the new year! Here's to new beginnings and renewed hope for the future!🎉

- Zambia Institute of Banking & Financial Services (ZIBFS)

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Source:BoZ

Public Notice: The Bank of Zambia (BoZ) has issued the Currency Directives, 2025, which re-enforce the legal requirement that domestic transactions must be settled in Zambian Kwacha in line with Section 18 of the BoZ Act. The Directives take effect on December 26, 2025.

In February 2024, the Bank announced that it was considering taking measures to operationalise the use of the Kwacha and Ngwee for domestic transactions. This announcement was followed by extensive countrywide consultative meetings with different stakeholder groups from various sectors, including mining, manufacturing, tourism, agriculture, financial, and Government. This consultative process enabled relevant stakeholders to not only be aware of the Directives before they came into effect, but to also deliberate and contribute to shaping the final provisions which have now been issued.

Full Public Notice:https://www.boz.zm/Currency-Directives-Public-Notice.pdf

Currency Directives 2025:https://www.boz.zm/Currency-Directives-Finalised-version-gm.pdf

Explanatory Notes:https://www.boz.zm/Explanatory-Notes-on-the-Currency-Directives-2025.pdf

Decision Tree:https://www.boz.zm/Currency-Directives-Decision-Tree.pdf
Any queries may be sent to Assistant Director - Communications on [email protected]

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Public Notice: The Bank of Zambia (BoZ) has issued the Currency Directives, 2025, which re-enforce the legal requirement that domestic transactions must be settled in Zambian Kwacha in line with Section 18 of the BoZ Act. The Directives take effect on December 26, 2025.

In February 2024, the Bank announced that it was considering taking measures to operationalise the use of the Kwacha and Ngwee for domestic transactions. This announcement was followed by extensive countrywide consultative meetings with different stakeholder groups from various sectors, including mining, manufacturing, tourism, agriculture, financial, and Government. This consultative process enabled relevant stakeholders to not only be aware of the Directives before they came into effect, but to also deliberate and contribute to shaping the final provisions which have now been issued.

Full Public Notice:https://www.boz.zm/Currency-Directives-Public-Notice.pdf

Currency Directives 2025:https://www.boz.zm/Currency-Directives-2025.pdf

Explanatory Notes:https://www.boz.zm/Explanatory-Notes-on-the-Currency-Directives-2025.pdf

Decision Tree:https://www.boz.zm/Currency-Directives-Decision-Tree.pdf
Any queries may be sent to Assistant Director - Communications on [email protected]

SEASON'S GREETINGS FROM ZIBFS! 🎄

As 2025 draws to a close, we extend our sincere gratitude to you, our valued Members, Partners, and Stakeholders, for your continued support, trust, and collaboration throughout the year.

We wish you a joyful festive season and a prosperous, successful, and impactful New Year 2026.

Together, we continue to shape the future of banking and financial services.

Note: The Institute’s offices will be temporarily closed for the annual from Monday, 22nd December 2025 and will reopen on 5th January 2026 at 08:30 hours.

— Zambia Institute of Banking & Financial Services (ZIBFS)

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AVOID BUSINESS DISRUPTIONS WITH A VALID TAX CLEARANCE CERTIFICATE

Source: Zambia Revenue Authority

A Tax Clearance Certificate (TCC) is an essential document issued by the Zambia Revenue Authority, proving that the taxpayer has fulfilled all tax obligations.

Renew your TCC to avoid disruption to your business activities.

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STRENGTHENING THE ZIBFS MISSION THROUGH STRATEGIC COLLABORATIONS

The Zambia Institute of Banking & Financial Services (ZIBFS) deeply values its ongoing collaborations with partnering institutions and professional associations, including the ICT Association of Zambia (ICTAZ). Such partnerships are vital to the Institute, as they strengthen our capacity to drive innovation, enhance professional excellence, and broaden the impact of our programmes and services across related sectors.

In the picture, ZIBFS CEO Victoria Chanda Mumba and ICTAZ CEO Chellah Silavwe showcase the brands of both institutions during a courtesy meeting held on Friday, 28th November 2025.

The two institutions discussed key areas for collaboration aimed at delivering greater value to the Banking and ICT sectors, fostering cross-industry growth, and expanding opportunities for our respective members.

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FREE WEBINAR FOR ZIBFS MEMBERS & FINANCIAL SECTOR PROFESSIONALS UNDER THE ALLIANCE OF AFRICAN INSTITUTES OF BANKERS (AAIOB) NETWORK: 2nd December 2025

TOPIC: "COMBATING FINANCIAL CRIMES AND EMERGING THREATS: STRENGTHENING THE ANTI-MONEY LAUNDERING AND COUNTER FINANCING OF TERRORISM FRAMEWORK ACROSS THE AFRICAN REGION ”

Pre-Webinar Registration Link: https://bit.ly/Afreximbank-CIBN-Webinar-AML
................................................................................
The AfreximBank Academy (AFRACAD) in partnership with The Chartered Institute of Bankers of Nigeria (CIBN) are pleased to invite you to the Webinar Session themed: “Combating Financial Crimes and Emerging Threats: Strengthening the Anti-Money Laundering and Counter Financing of Terrorism Framework Across the African Region” scheduled to hold as follows:
Date: Tuesday, December 2, 2025

Time: 11:00 AM – 1:00 PM (WAT) (12pm Cairo Time)
Venue: Zoom Teleconferencing (Online)
Participation: Free (Registration Required)

Financial crimes—particularly money laundering and terrorism financing—remain some of the most pervasive threats to Africa’s economic stability, governance structures, and security landscape. As African countries deepen efforts to curb illicit financial flows and enhance AML/CFT resilience, the need for a coordinated regional platform for dialogue, knowledge sharing, and strategic collaboration has become urgent.
This Advocacy Dialogue aims to bring together key stakeholders across the continent to examine emerging risks, strengthen institutional capacity, and develop actionable strategies that advance financial integrity and support sustainable economic development.

The discussions will focus on identifying and analysing the key drivers of financial crimes and emerging threats in Africa, enhancing understanding of existing AML/CFT frameworks and their gaps, strengthening institutional capacity for detecting, reporting, investigating, and prosecuting financial crimes, building regional cooperation and improving cross-border intelligence sharing, and developing practical strategies to reduce illicit financial flows and safeguard Africa’s economies.

We believe your participation will greatly enrich the discussions and contribute meaningfully to the collective goal of strengthening Africa’s resilience against financial crimes.
Kindly click here to register now: https://bit.ly/Afreximbank-CIBN-Webinar-AML

For inquiries, please contact:
Farai: [email protected]
Francis Agoh: [email protected]/+2347067542104

BEST WISHES FOR THE DECEMBER 2025 ZIBFS EXAMINATIONS

The Zambia Institute of Banking & Financial Services (ZIBFS) extends its best wishes to all candidates undertaking the December 2025 ZIBFS examinations across all levels.

For any inquiries, please contact the Institute at [email protected], [email protected], or by calling 0211237281.

ZIBFS Secretariat.



📷AI generated.

ZIBFS SUCCESSFULLY HOSTS ITS 32ND ANNUAL GENERAL MEETING (AGM) – 28 NOVEMBER 2025

The Zambia Institute of Banking & Financial Services (ZIBFS) held its 32nd Annual General Meeting on Friday, 28 November 2025, marking a seamless leadership transition. Dr. Kuldip Paliwal, Managing Director of FIRST ALLIANCE BANK ZAMBIA, was elected the new ZIBFS President, succeeding Mr. Lishala Situmbeko, the immediate past Managing Director of Access Bank Zambia Ltd.

We express our sincere gratitude to the outgoing President, Mr. Situmbeko, and the Council for their steadfast commitment to Institute and industry affairs and for the substantial progress achieved in advancing the Institute’s mission during their tenure.

Heartfelt congratulations to Dr. Paliwal and the new Council as they lead the ZIBFS toward new milestones, including strengthening the Institute's regional and global collaborations.

ZIBFS–Imparting Superior Financial Services Knowledge!

Bankers Association of Zambia FIRST ALLIANCE BANK ZAMBIA

EXCITING CAREER OPPORTUNITY
(Advertisement by Beatmas Human Resource Consultants Limited)

MANAGER – CORPORATE BANKING
Location: Lusaka
Industry: Banking and Financial Services
Reports to: Director Corporate Banking
Closing Date: 21st November 2025

Beatmas Human Resource Consultants Limited has been engaged by a leading institution in the banking and financial sector to assist in hiring a highly motivated, results-oriented, and commercially astute professional to join its dynamic team as Manager – Corporate Banking.

This is an excellent opportunity for a seasoned banking professional to lead and grow a portfolio of corporate clients, drive business development, and deliver value-added financial solutions in alignment with the Bank’s strategic objectives.

KEY PURPOSE OF THE ROLE
To develop and manage a portfolio of complex corporate client relationships, acting as the primary point of contact for financial advice and tailored solutions. The role is responsible for driving business growth through acquisition, retention, and expansion of corporate customers while ensuring sound risk management and portfolio profitability.

KEY RESPONSIBILITIES
• Lead business development initiatives to acquire new corporate clients and deepen relationships with existing customers.
• Drive growth in the corporate loan book, liabilities, customer base, and non-funded income.
• Structure, negotiate, and manage financing solutions including corporate loans, trade finance, and investment products.
• Develop SME/MSME-friendly financial products and value-chain financing solutions.
• Participate in tendering for GRZ, CDF, and Social Cash Management opportunities.
• Offer financing solutions to councils, government spending agencies, and development partners.
• Forge partnerships with government ministries, agencies, and corporates through digital and integrated banking solutions.
• Ensure effective portfolio management, credit quality, and compliance with internal policies and regulatory standards.
• Collaborate with Credit Risk, Treasury, and other departments to deliver holistic banking solutions.
• Represent the Bank in corporate forums and industry engagements to strengthen market presence and brand visibility.

QUALIFICATIONS AND EXPERIENCE
• Full Grade 12 School Certificate with 5 ‘O’ Level credits.
• Bachelor’s Degree in Banking, Finance, Economics, Business Administration, or any relevant professional qualifications such as ACCA, CIMA, or CBCA.
• Minimum of five (5) years’ progressive experience in Corporate Banking, with at least two (2) years at senior management level.
• Proven experience in structuring complex corporate deals, mobilizing deposits, and managing high-value client relationships.
• Strong understanding of Zambia’s financial services sector, corporate landscape, and regulatory environment.
• Excellent communication, negotiation, and presentation skills.
• Demonstrated track record of achieving business growth and delivering strategic outcomes.

COMPETENCIES
• Strategic and commercial acumen.
• Strong credit analysis and structuring skills.
• Excellent relationship management and networking abilities.
• Results-driven, proactive, and performance-focused.
• Integrity, sound judgment, and commitment to excellence.

WHY JOIN THE BANK?
This is a unique opportunity to contribute to a forward-looking financial institution committed to innovation, growth, and client excellence. The successful candidate will play a key role in strengthening the Bank’s corporate banking franchise, fostering partnerships, and driving sustainable growth across target market segments.

APPLICATION PROCEDURE
Interested and qualified candidates are invited to submit the following:
• A cover letter outlining suitability for the role.
• A detailed CV with three (3) traceable referees.
• Certified copies of academic and professional qualifications.

All applications should be sent electronically to:
The Managing Partner
Beatmas Human Resource Consultants Ltd
Email: [email protected]
Closing Date: 21st November 2025
Only shortlisted candidates will be contacted.

OCTOBER 2025 EXAM RESULTS NOTICE (ACADEMIC & PROFESSIONAL)

ATT: EXAMINATION CANDIDATES - OCTOBER 2025 SESSION

Please be informed that the examination results for October 2025, covering all academic and professional programmes, have been published online through the student portal as of Tuesday, 18th November 2025, at 17:00hrs.

Note that all statements of results from the examination are available online. Should you encounter any difficulties accessing the results online, please reach out to the Institute via email at [email protected] and [email protected] for support.

To print your Examination Statement of Results for October 2025, follow the instructions provided below:
1. Click the Student System Link: https://stureco.zibfs.com:8443/STURECO/login.php
2. The Student Management System will open with a login screen.
3. For the username: Enter your membership number (without ZA)
4. If you have not yet changed your password, use the default password in full as test1234
5. When you have managed to log on using the default password, please change your password on "Account Settings" menu item.
6. To access your results' slip, click on "Examinations", and then on "Results". Your detailed statement of results will show.
7. To print the Statement of Results, press the "Control" and "P" buttons on your keyboard.

Students are not obligated to pick up examination results from the Institute offices unless there is an error that needs correction. Additionally, the Institute will not mail or post any result statements to students. All examination results can be accessed online.

Registration for the December 2025 examinations is currently underway. Students can obtain examination timetables by emailing [email protected] or [email protected], or by downloading them from the Institute's website.

CONTACT DETAILS:
Email: [email protected]; [email protected]; [email protected]
Tel: +260 211 237281; 0977141342; 0977711037

Kindly forward this notice to whomsoever it may concern.

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