RetailOctober 11, 2021

[UPDATED] Spenn International acquires 15% of Kazang Zambia for $1.25 million, valuation at $8.5 million
International payments company Spenn, (the owners of e-wallet platform Spenn Zambia) have acquired the largest POS distributor in the country Kazang. To date this marks the largest acquisition between two fintechs in the country’s history and a signal of the competitiveness of the industry. The investment is initially a $1.25 million cash injection for 15% […]

RetailOctober 7, 2021

Lupiya Zambia selected for Google’s K60 million Black Founders Fund
Instant loan application Lupiya has been selected for Google’s first ‘Black Founders Fund’, an initiative started by the $2 trillion company in order to promote African Founders. Lupiya became famous as the first female led start-up to raise over $1million in investment last year. 70% of Zambians currently do not have access to formal banking, […]

RetailSeptember 10, 2021

A Quick Summary of the Presidents Address to Parliament
Today (10th September 2021) the President of the Republic of Zambia, Hakainde Hichilema, opened parliament to applause and roars of jubilation from his party. This excitement was only muted as he began to explain his vision for the country. The theme of the speech was an outline of the goals of his administration. The message […]

FIAugust 27, 2021

HH Appoints Financial Wizard Dr Situmbeko Musokotwane as new Minister of Finance, First member of new Cabinet
Dr Situmbeko Musokotwane is the country’s leading Monetary Economist and has built a reputation as a renowned statesman and efficient financial leader. Today he was appointed the new minister of finance and is the first person to be chosen to form part of Hakainde Hichilema’s cabinet. Dr Musokotwane was first appointed Minister of Finance under […]

RetailJune 4, 2021

Meet Zambia’s First Sportswoman Forbes 30 Under 30 honoree, Tilka Paljk
If you have never heard of her, Tilka Paljk is a 24 year old Zambian swimmer who will represent the country at the 2021 Olympics. This year she was selected for the Forbes 30 under 30 for 2021 and is the first Zambian sportswoman to make the list. Tilka has a strong online and media […]

FIApril 30, 2021

Whats Dropping on Netflix Zambia this May? Pt1
This month Netflix is packing our screens with more than 45 new titles launching on the international version of the website. Thanks again to the team in South Africa for helping us keep you guys informed on all the latest movies / series coming this May. This includes the final season of Netflix Anime Castlevania, […]

FIApril 21, 2021

Kagem Zambia auctions $31 million (K600 million) worth of Gemstones in 2 days
According to Kennedy Mupeseni of the Times of Zambia, Kagem Mining Limited held an auction between the 15th – 17th April 2021. The result of the auction is revenue to the value of $31 million or K600 million. The revenue comes from the combination of 5 mini auctions which were being held. The mine managed […]

FIApril 16, 2021

Whats dropping on Netflix Zambia this month?
Thanks to the Netflix Africa team over in SA we have been given privy access to the upcoming titles for the Zambian version of Netflix. There is surely something for everyones taste this month with shows ranging from anime to ultra reality. We’ll give everyone a brief summary of each title and we will begin […]

RetailApril 16, 2021

City of Lusaka announces K2 million ($100,000) sponsorship deal with Southern Cross Motors
The City of Lusaka Football Club yesterday announced a partnership with Southern Cross Motors worth an estimated $100,000 (K2 million). The sponsorship saw Southern Cross becoming one of the main sponsors of the rejuvenate. The deal will see Southern Cross Motors brands be displayed in Woodlands Stadium and will appear on the Club’s new replica […]

FIApril 15, 2021

Zeepay Ghana acquires 51% of Zambian Remittance Start-up Mangwee
In what has been touted as an indigenous African love story between two fintechs, Zeepay Ghana, the leading African Challenger Fintech, has acquired a majority stake in one of Zambia’s fastest growing fintechs, Mangwee Mobile Money. (The following story is written in full by the team at Zeepay Ghana)   Zeepay Ghana, which already has operations […]