Low saving culture in Zambia worries Zanaco boss

ZANACO managing director Henk Mulder says the saving culture among Zambians is low and needs to be raised. Speaking when the bank gave Levy Mwanawasa General Hospital a K39, 500 for use in the maternity wing on Friday, Mulder noted that financial saving helped people during eventualities.


Saving is important; saving for events that are unforeseen. We have to educate people on financial planning side because saving in Zambia is still very low and we have to up it a bit – said Mulder.


The donation was part of the March 27-31 financial literacy week that was launched by finance minister Felix Mutati last Monday under the theme “know and plan your finances to live a better life”.


Levy Mwanawasa General Hospital acting medical superintendent Dr Catherine Mkandawire said the money would be used to lessen water blues in the hospital’s maternity department.


“I’m so happy to be part of this joyous occasion. The donated K39,500 will go towards improvement of sanitation and water [problems] for our labour ward. This donation could not have come at a better time than this when we are having an increase in the number of patients and especially women who are coming to deliver at our facility. Our water [supply] has been problematic and so, this [amount] will go a long way in alleviating the problems that we’ve been having,” explained Dr Mkandawire.

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