Zambia: Institute of Bankers Training Strategy
FIRST was approached by the Zambia Institute of Bankers (ZIoB) in June 2005 requesting assistance in revising the syllabi of the certificate, diploma and banking and finance degree programs to bring the syllabi in line with Zambia’s banking and finance sector requirements and international best practice.
FIRST proposed that a scoping trip and training needs analysis to get a better understanding of the needs within the industry. The consultant would then develop a training and education strategy for the ZioB. This scoping trip would also produce detailed terms of reference for subsequent work.
The ZIoB was created by the commercial banks in 1992 to provide education and training for the banking and finance profession. ZIoB assumed all the functions previously performed by the Lusaka Branch of the Chartered Institute of Bankers, London. It is an autonomous professional body with its own localized examinations structure at the certificate, diploma and degree levels. ZIoB introduced the local banking and finance certificate and diploma programmes achieving international recognition in 1997. Further, the Institute signed a Memorandum of Understanding with the Copperbelt University to train Bachelor of Science graduates.
The need arose to revise the syllabus of the certificate, diploma and degree programs to be in line with the banking and finance sector requirements and international practices. To achieve the above, the Institute needed resources to revise and develop effective systems for periodical updates of the syllabus; to review Banking and Finance human resource needs; to develop up to date continuous professional development programs (CPDs) and to produce study manuals and text books.