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New Finance Minister to go back to IMF

New Finance Minister to go back to IMF

1,603 ViewsNewly appointed  Finance Minister, Dr Bwalya Ng’andu seems he is taking a different direction from his predecessor, just few hours in the office, Dr Ng’andu has announced that he is keen to restart negotiations with International Monetary Fund (IMF).Dr Ng’andu on his first day in office said he wants to restart discussions with the […]

IFC invests in Stanbic Bank to support SME growth in Zambia

908 ViewsIFC, a member of the World Bank Group, today announced a 200 million Zambian Kwacha (approximately $15 million) loan to Stanbic Bank Zambia, a wholly owned subsidiary of Standard Bank Group. The investment will help Stanbic Bank expand its lending to small and medium enterprises, with at least 25 percent of the loan earmarked […]

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Keeping an eye on your competitors is vital for growing your business

453 ViewsWhile a competitive matrix analysis is now a staple of any modern business plan, simply identifying your company’s competitive advantage during the business planning stage is no longer enough to ensure business sustainability in today’s fast-paced and ever-evolving commercial landscape. As such, Alison Lungu, Country Manager at Business Partners International says that “the ongoing monitoring of […]

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Africa is ready to embrace Bitcoin

1,132 ViewsAfrica has been a frontier when it comes to cryptocurrency. Many believe it is the ideal environment for this new technology and point to the success of Luno bitcoin wallet and other likeminded brands who are seeing huge increases in their membership numbers; as prove of this belief. Many governments and central banks in […]

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Barclays Bank’s poor service may discourage people from banking – Haabazoka

1,595 ViewsEconomics Association of Zambia (EAZ) President Lubinda Haabazoka has complained of bad service by Barclays Bank. Dr Haabazoka says the bank’s poor service will prevent others from banking. In a Facebook post, Dr Haabazoka said he has received similar complaints over the banks bad services. He said on Friday  July 5, 2019 he tried […]

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Zambia-based company secures €1m investment

437 ViewsRent to Own (RTO), a Zambia-based business providing productive-use assets to rural SMEs, has announced that it has secured an investment of €1million from the Seed Capital and Business Development facility of the Dutch Good Growth Fund (DGGF) managed by Triple Jump BV.  Building upon convertible notes recently secured from longtime partners Small Foundation […]

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Access Bank unveils new brand identity

465 ViewsAccess Bank (Zambia) Limited, has today unveiled its new brand identity in Zambia. This follows the successful merger between Access Bank Plc and Diamond Bank Plc in Nigeria in April this year. The concluded merger creates a pan-African financial services champion with a new brand and visual identity that fuses together the best of […]

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Zanaco clients call for stepping up of security measures

751 ViewsSome Zanaco clients who were affected after a group of fraudsters hacked the Zanaco mobile money platform and defrauded thousands of customers of their hard earned money are calling on the bank to step up its security measures, according to Phoenix News. The data breach which happened between Friday and Sunday over the weekend […]

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Vedanta drags ZCCM-IH to South African courts

804 ViewsKonkola Copper Mines (KCM) majority shareholder Vedanta Resources Holdings Limited has taken its fight against the liquidation of KCM to the South African High Court. Vedanta is seeking an urgent court order in South Africa to prevent Zambia’s mining investment arm ZCCM-IH from winding up its disputed Konkola Copper Mines (KCM) business. In obtaining […]

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Luapula Expo attracts investment to the province

1,042 ViewsLuapula Province Minister Nickson Chilangwa revealed that the Luapula Province Expo has helped the Province in receiving more investments.  And Chilangwa has assured that the Provincial Administration will continue to market the province locally and outside Zambia in a quest to bring in more investments. “Prior to the hosting of the Luapula Expo and Investment […]

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