Inadequate banking facilities worries Chief Simaamba

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Inadequate banking facilities worries Chief Simaamba


Siavonga, July 6, ZANIS —–Chief Simaamba of the Bagande people in Siavonga district has bemoaned the inadequate banking facilities in the district.


The traditional leader said it is disappointing that Siavonga being one of the tourist destinations in the country have only one commercial bank (ZANACO).


The traditional leader also stated that the bank has only two Automated Teller Machines (ATMs) of which they break down almost every day adding that sometimes ATMs breaks down when the transaction is in the process.


Chief Simaamba said this in an interview with ZANIS today saying it becomes more difficult for people to withdraw money when the machine breaks down especially during weekends when the bank is closed.


The chief said people in the district especially in rural areas were desperate to have many banking institutions in the area.


And Siavonga District Commissioner Brave Mweetwa said government is committed in improving the welfare of the people and that it is doing everything possible to ensure that the district has adequate banking institutions.


Mr Mweetwa said his office is putting consented efforts in trying to get another competitor in terms of banking institutions apart from ZANACO.  


He observed that the ATM machines have not been working well for sometime adding that in this modern world, travellers especially tourists usually carry ATMs not cash for security reasons.  


Mr Mweetwa also disclosed that his office has approached the Regional Director of ZANACO and has promised to put up another ATM somewhere within the district to make the total number of ATMs to three.