K192.5 million Savenda Management Services Court Award Against Stanbic Bank
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By Derrick Sinjela In August 2016, Judge Justin Chashi awarded damages to Savenda Management Services amounting to K192.5 million Kwacha. This paper will publish a ten part feature series based on researched positions on the significance and impact of Credit Reference Bureaus (CRB) on access to loans and also the role of banks in economic development. Let me begin by defining a CRB. What is a Credit Reference Bureau (CRB) and what does it do? Well a Credit Reference Bureau is a collection agency that gathers account information ideally from various creditors and provides that information for purposes of credit...