Regulatory Alerts1999-01-01
Re-designation of Licence Fees
The Bank of Zambia has re-designated all banking and financial institution licence application and renewal fees into standardized Fee Units effective 1 January 1999. These fees are pegged by the Ministry of Finance and Economic Development in accordance with the Fees Act No. 13 of 1994 and include a published schedule detailing the conversion rates to Zambian Kwacha. The updated fee structure applies to banking services, regulated financial service businesses, and register inspections as outlined in Statutory Instrument No. 180 of 1995.
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