Interest capping: 60 lose jobs at Blue Financial Services

Blue Financial Services Zambia has today layed off over 60 employees and will close its Cash Xpress division due to the low interest rates capped by the Government.

According to insiders, the company is expected  to close all its Cash Xpress branches countrywide in the next two  months but letters of redundancy have already been given to almost all is employees, leaving only a hand full.

‘The new cap directive to MFI by governmentt has caused the closure of this company and subsequent loss of employment’, said one person

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