TelecomAugust 10, 2020

Liquid Telecom gives a ‘PUSH’ to women
Liquid Telecom Zambia has announced that it will be a sponsor at the forthcoming PUSH Women Awards, according to a press release from the PUSH Women Network. The PUSH Women Awards are a platform created by the PUSH Women Network to showcase the feats of pioneering women who are breaking barriers and disrupting gender norms […]

BankingAugust 10, 2020

The Bankers Royal Rumble – H1 2020 (Q2 2020)
The first half of the year (H1) has come to an end so management teams across the banking industry are reviewing their strategies to determine how well they are performing against their annual budgets and whether they will meet their targets by year-end. Last week, the press released financial statements for the second quarter of […]

Banking, StanbicAugust 10, 2020

(Sponsored) Ending Urban Poor Housing – A Dream That Can Become Reality
Zambia has one of the highest urbanisation rates in sub-Saharan Africa with an annual growth of 4.35 percent – a rate higher than the country’s population growth rate standing at 2.9 percent – according to the World Factbook. This rapid urbanisation has placed a significant strain on the local housing stock as the country struggles […]

Banking, Economy, TelecomAugust 9, 2020

Will COVID-19 be the death of the ATM card? Is mobile money the heir apparent?
Automated Teller Machine (ATM) cards have been in existence for several decades now and have been the means by which customers of financial institutions are able to perform financial transactions such as cash withdrawals, deposits, funds transfers, or account information inquiries, at any time and without the need for direct interaction with bank staff. It has without a […]

Banking, Opinion, Personal FinanceAugust 8, 2020

CONSUMER CREDIT: EASY ACCESS TO MONEY
Access to credit in Zambia has become increasingly important as people seek out ways of getting money at a cheap cost. The biggest problem we have under or local credit markets is not that there isn’t enough money for everyone to access. Far from it. It is the plethora and complexity of credit options available. […]

TelecomAugust 7, 2020

Liquid Telecom Zambia signs CBC TV Deal
Build it and they will come. Liquid Telecom built the digital infrastructure that is facilitating digital transformation that is attracting players in the market to come and layer services on top of it Liquid Telecom Zambia has signed a broadcasting agreement with CBC that will see the broadcaster’s content streamed on the internet service provider’s […]

Retail, Shoprite Holdings PlcAugust 6, 2020

Shoprite to discontinue Nigerian operations
Africa’s retail giant, Shoprite Holdings Group, has announced that it will exit the Nigerian market, according to a statement from the group. “Following approaches from various potential investors, and in line with our re-evaluation of the Group’s operating model in Nigeria, the Board has decided to initiate a formal process to consider the potential sale […]

TelecomJuly 27, 2020

Liquid partners with Lusaka City Council in Signage MoU
Liquid Telecom Zambia has entered into a neighborhood identification memorandum of understanding with Lusaka City Council. “Liquid Telecom Zambia signed an MOU with the Lusaka City Council to provide neighborhood identification signage around Lusaka”, read a statement from Mark Townsend CEO of Liquid Telecom in a LinkedIn post on 27th July 2020. The project will […]

Finance, Madison Financial Services PlcJuly 23, 2020

Madison Financial Services continues to ponder on asset disposal
Madison Financial Services has advised shareholders that it is still assessing which assets to dispose of in order to raise capital. The announcement comes a follow up to an earlier statement that came after an emergency general meeting that resolved that the company would consider disposing of assets in order to bridge the financing gap. […]

Insurance, Prima Reinsurance PlcJuly 23, 2020

Prima Re. raises K40.5 million in rights issue
Prima Reinsurance Plc has successfully listed 15 million additional shares following a Rights issue, according to a statement from the company. “Shareholders of Prima Reinsurance Plc are referred to the Declaration Announcement published on Friday, 29 May 2020 and the Finalisation Announcement published on Friday, 5 June 2020 as well the Circular to Shareholders dated […]