Consumer unity and trust society (cuts) international has commended government for efforts made in improving the business and investment environment in the country.
Cuts board chairman love Mtesa however said for these efforts to be sustained there is need to pay close attention to the very high lending rates which commercial banks are charging.
Dr Mtesa has since appealed to the financial sector including micro-finance institutions to review their charges and lending rates downwards.
He explained that unless credit facilities are provided for at manageable rates, the business or investment environment being created will not facilities are provided for at manageable rates, the business or investment environment being created will not significantly contribute to the growth of the economy.
Dr Mtesa adds that commercial banks must heed the calls and advice that both the minister of finance and the bank of Zambia have consistently made regarding the need to lower lending rates.
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