Opinion, Personal Finance, StrategyApril 3, 2020

‘Corona financial crises’ explained – Workforce mobility impact
A financial crisis, according to the Oxford dictionary of economics is the collapse or potential collapse of a financial institution that threatens the stability of the financial system. The key feature is systemic meaning the collapse of one major Government, financial or business institution collapse threatens other institutions. A financial crisis has similar characteristics almost […]

Economy, Opinion, Personal FinanceMarch 5, 2020

Mobile Money versus E-Wallet – Why MoMo will carry the day
“Excuse me Bana Mulenga, is it ok if I pay for the tomatoes with an e-wallet or mobile money?” To which Bana Mulenga responds without hesitation that ‘MoMo’ is her preferred option to achieve financial close. There has been a salient battle that has ensued since the advent of ‘digital’ money. While brick and mortar […]

Opinion, Personal FinanceNovember 25, 2019

Gratuity: Protection of workers or killer of business in Zambia
Gratuity was initially crafted as a benefit, intended for employees who have worked for a sustained period of time, as a kind of reward for long-service. This benefit is hugely popular and a huge incentive for Zambian employees. Before the new Employment Code Act came into force, the employment benefit of gratuity was only a […]

Opinion, Personal Finance, StrategyOctober 16, 2019

The Inevitability of technology dependence in the Accounting Industry
I vividly remember sitting in that lecture theatre as a third-year Computer Science student, (2015, DMI-ST.EUGENE UNIVERSITY) when one of our lecturers informed us that as a requirement, we were to undertake “Principles of Accounting” as a mandatory course. As you would guess, this did not make sense to many of us at the time. […]

Opinion, Personal FinanceOctober 9, 2019

The Quest for Financial Freedom
The story of many Zambians in the formal sector with well-paying jobs who end up becoming destitute after their flourishing careers is not one which is unusual. A good number of citizens who had high earning jobs in their working days tend to find themselves struggling to make ends meet after their career comes to […]

Opinion, Personal FinanceOctober 9, 2019

(PRESS RELEASE) Mock day by ACCA Zambia
ACCA (the Association of Chartered Certified Accountants) and ACCA Zambia is the global body for professional accountants. Offering business-relevant, first-choice qualifications to people of application, ability, and ambition around the world who seek a rewarding career in accountancy, finance, and management. ACCA Zambia awarded the 2019 ACCA Top Achievers with Top Prizes for their national [&he

Economy, Opinion, Personal FinanceMay 21, 2019

Crowd Funding – A New Hope
Crowd funding is the biggest opportunity of the century. Imagine getting a huge sum of cash with little or no interest rates with favorable terms and conditions with a people you share same interests. Sound familiar? Of course it is! Maybe you call it something different like insurance, ‘chilimba’, savings group, village banking or capital […]

Economy, Personal Finance, StrategyMay 13, 2019

Financial Technology in Zambia
The Financial Technology (Fintech) revolution across the globe continues to disrupt status quo as it brings solutions that are helping organizations improve their service and operations while enjoying the benefits of cost savings and operational efficiencies. This revolution is committed to delivering the next level banking experience to the client, one that will bring forth […]

Opinion, Personal FinanceApril 30, 2019

New Year’s Resolutions – A View from Behavioural Economics
  “January is always a good month for behavioural economics: Few things illustrate self-control as vividly as New Year’s resolutions. February is even better, though, because it lets us study why so many of those resolutions are broken.” Sendhil Mullainathan, Harvard University. January is normally the time when we look for areas where we can […]

Personal FinanceFebruary 27, 2019

Health Matters: The importance of Health insurance
Last week I spent half a day at the doctor’s office (Hospital) for a check-up after two weeks of suffering from cluster headaches. Having gone through all the medical check-up procedures it was down to the main issue of bill settlement. The total bill to some extent was more than I had anticipated for such […]