Regulatory Alerts2023-08-11
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Bank of Zambia Act (Commencement) Order 2023
The Government of Zambia, acting through Minister of Finance and National Planning Dr. S. Musokotwane, issued Statutory Instrument No. 25 of 2023 to formally activate the Bank of Zambia Act, 2022. This commencement order mandates that Act No. 5 of 2022 takes full legal effect immediately upon its publication in the official Government Gazette. The directive exercises the statutory authority granted under section 1 of the banking legislation to establish its operational framework effective August 11, 2023.
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