People of Mzimba Hora Constituency keep their life savings in cash in their homes because of lack of commercial banks prompting member of Parliament (MP) in the are Rev. Christopher Mzomera Ngwira asking government for banking facilities.
Ngwira said the issue of banking is “a very, very serious issue” for people of Mzimba Hora, saying it has fast growing trading centres.
“People in trading centres like Endindeni and Chindindindi keep money in their houses after they have made good sales and armed robbers attack them,” Mzomera said.
He asked Minister of Finance, Economic Planning and Development Goodall Gondwe to ensure people of Luwanjazi, Chaboli, St Mary’s, Nthumba, Visenthi, Ching’anyi, Chizungu and Chiseng’ezi be provided with the banking facilities.
He also said people of Lupelele, Malangazi, Jandalala and Katondo should have access to banking facilities
Gondwe said government is aware of the problems of lack of banking facilities in Mzimba
However, he said it is not for the government to decide where bank agencies or branches are going to be established.
“ It is a commercial matter that is decided by the banks themselves. All we can do, as I have just said, is to persuade them to be lenient on the factors that are taken into account in deciding where to institute a banking facility,” Gondwe said.
The Finance Minister said government will continue to “persuade” commercial banks to open branches “ but we cannot make assurances nor give dates as to when this is going to be done.”