ZCCM Investment Holding records a profit of over 4.8 billion Kwacha in 2023.

By Daily News Reporter

This represents a 14 percent increase recorded from 2022 which was at 4.26 billion Kwacha.

ZCCM IH Chief Executive Officer Ndoba Vibetti stated that the company's total assets increased by 20 percent from 48 billion Kwacha to 58.4 billion kwacha driven by the increased value of investments in associates and other current assets.

This marks the 9th consecutive year that ZCCM-IH has paid a dividend to the IDC. Last year, a record dividend of K436 million was paid for the financial year 2021 and 2022. Since 2015, ZCCM-IH has paid approximately K990 million to the IDC.

Under the Zambia Gold Company has commenced remedial works at the Kasenseli gold mine in Mwinilunga, with operations set to begin in the third quarter of this year; Maamba Energy Limited has secured financing for the construction of an additional 300 MW power plant within two years, along with the lithium prospecting licenses it has obtained.

In 2023, ZCCM-IH's profit increased by 14% to K4.84 billion; total assets up by 20% to K58.46 billion.

ZCCM-IH's share price surged by 52.4% on the Lusaka Securities Exchange, from K42 to K64 per share, boosting market capitalization from K6.3 billion to K9.6 billion.

Meanwhile IDC Chief Executive Officer CORNWELL MULEYA praised ZCCM-IH for recording a huge profit which the ZCCM-IH has performed through investment confidence.

And following the ZCCM-IH’s commitment it has also paid out the dividend cheque worth K36 million to NAPSA,

And NAPSA Director General, Mr. Muyangwa Muyangwa, stated that ZCCM-IH has maintained its dividend Consistency Last year it recorded dividend of K108.4million was paid for the financial year 2021 and 2022. Since 2015, ZCCM-IH has paid approximately K263 million to NAPSA.

With a portfolio of over 20 companies, ZCCM-IH's strategic focus is to grow the mining and energy investments and revamp ailing entities to profitability. ZCCM-IH will continue to play its role as a company discharged with the mandate to represent and safeguard Government’s interest in all the big existing mines in Zambia.

So far ZCCM-IH's share price on the LuSE appreciated by 52.4%, from K42 to K64 per share. This share price increase translates into increased value of NAPSA’s stake by 52.4%, a positive thing for NAPSA and the Zambian pensioners.

 

CHINA AND ZAMBIA CELEBRATES LIBERATION ARMY DAY

By Daily News Reporter

Chinese Embassy in Zambia Holds Reception Celebrating the 97th Anniversary of the Founding of the Chinese People's Liberation Army

Wang Sheng, the Chargé d'Affaires of the Chinese Embassy in Zambia, delivered a speech in which he reviewed the glorious history of the People's Liberation Army

On July 24th, the Chinese Embassy in Zambia held a reception, celebrating the 97th anniversary of the founding of the Chinese People's Liberation Army. Over 200 guests attended the event, including Zambia Air Force Commander Lt. Gen. Nyoni, Minister of Lusaka Province Hon. Sheal Mulyata, senior officials from the Ministry of Defense, the Zambian three military services and the police service, members of the diplomatic corps in Zambia, representatives of Chinese enterprises and Chinese community in Zambia.

Wang Sheng, the Chargé d'Affaires of the Chinese Embassy in Zambia, stated that this is a glorious history of the People's Liberation Army under the leadership of the Communist Party of China. He emphasized that the Chinese military has always been a strong force for world peace, highlighted the Three Global Initiatives, put forward by President Xi Jinping, and provided feasible pathways and solid support for building a community with a shared future for mankind.

He reaffirmed that China and Zambia will work together to implement the important consensus reached by the two heads of state and continue to be partners in promoting a high-level community with shared future on their respective path of modernization.

Jiang Lei, the Defense Attaché of the Chinese Embassy in Zambia, said that the Chinese military will continue to fulfill its solemn commitment to safeguarding peace, strengthen cooperation with Zambia in areas such as personnel training, military medicine, and equipment technology, and steadly advance the relationship between the two armed forces to new heights.

 

 

 

United Nations (UN) Tourism Shines a Light on Investment Prospects in Zambia

By Daily News Reporter

UN Tourism has launched a guide on sustainable tourism development in Zambia that identifies key sectors for investment. Titled “Tourism Doing Business—Investing in Zambia,” the guide aims to boost economic growth nationwide.

Zurab Pololikashvili, Secretary General of UN Tourism, stated, “This publication will lead to greater prosperity, job creation, community empowerment, and SME expansion in Zambia. It offers a comprehensive overview of Zambia’s economic, political, and social landscape, highlighting the vast opportunities within Zambia’s tourism industry."

Rodney Simbuka, Minister of Tourism of Zambia, said: "Investment in tourism is pivotal not only for sustainable development, economic growth, job creation but also the preservation of our rich cultural heritage and the conservation of our natural resources creating opportunities for the local communities.”

According to the International Monetary Fund (IMF), Zambia’s economic outlook is promising, with projected growth rates of 4.3% in 2023, 4.7% in 2024, and 4.8% in 2025. Zambia has maintained a steady growth rate of 3.2% over the past decade, demonstrating economic stability that exceeds the Sub-Saharan Africa average of 3.0%.

“Tourism Doing Business—Investing in Zambia,” outlines the opportunities for international investors, emphasizing: 

Zambia’s biodiversity and natural resources make it an attractive destination for investors, with 30% of its land (22.4 million hectares) dedicated to 20 national parks and green spaces.

Zambia shares borders with eight other countries. The location of this landlocked nation, along with its cultural diversity, with more than 70 ethno linguistic groups, are a few of its many merits.

Zambia has been ranked the 7th Best Country to do Business out of 54 African nations and the 1st for Ease of Obtaining Credit in Africa after celebrating 60 years of peace and stability.

Zambia offers attractive investment incentives, with 16 investment promotion and protection agreements currently in place.

 

 Is marketing effected by climate change

By Daily News Reporter

let us look at Consumer Preferences first

As climate concerns grow, consumers are increasingly seeking environmentally friendly products. This shift in demand pushes companies to market sustainable products and practices. Governments are implementing stricter regulations to combat climate change, which affects how companies market their products. Compliance with these regulations often becomes a key selling point.

Companies are focusing on building a green brand image to attract eco-conscious consumers. Marketing strategies now often include highlighting efforts to reduce carbon footprints and promote sustainability.

Marketing teams are involved in developing and promoting products with lower environmental impacts. This includes everything from sourcing sustainable materials to reducing packaging waste.

Marketers need to use their platforms to educate consumers about climate change and the importance of sustainable choices. This involves transparent communication about the environmental impact of products and corporate practices.

Overall, climate change is reshaping the marketing landscape, making sustainability a central theme in many marketing strategies. 

 Make cervical cancer prevention and control a priority-Ayong

By Daily news reporter

The Executive Director of Vital Voices for Africa (VVA) has called on African governments and development partners to make cervical cancer prevention and control a priority, 

Speaking at virtual space, a weekly event hosted by Being Africa Executive Director of Vital Voices for Africa Mr. Caleb Ayong stated that the is a major factor that discourages women from going for screening is the embarrassing fact that they must expose their private parts to a medical practitioner, whom in most cases, is a man.

And according to Medical experts has warned that early stages of cervical cancer have no symptoms, and most cases of the disease are only detected when they are at an advanced stage, where treatment is no longer possible. They therefore recommend regular screening to ensure early detection, when the condition can be completely treated.

In August 2020, the World Health Assembly adopted the Global Strategy for cervical cancer elimination, which aims to have countries reach and maintain an incidence rate of below 4 per 100 000 women by 2030. According to the WHO, achieving that goal rests on three key pillars and their corresponding targets. These targets are include getting 90% of girls fully vaccinated with the HPV vaccine by the age of 15; 70% of women screened using a high-performance test by the age of 35, and again by the age of 45; and 90% of women with pre-cancer treated and 90% of women with invasive cancer managed.

He has further noted that if HPV vaccination, and screening for cervical cancer are prioritised by governments and development partners if Africa, 

"we can effectively meet the WHO global strategy and eliminate the disease in the continent"

He stressed on the need to invest in making less intrusive screening methods more available and affordable so that more women can be comfortable getting screened. There are currently two approved screening methods for cervical cancer which are the commonly used pap smear undertaken by a healthcare professional, and the more expensive but self-applied HPV DNA.

“It is possible to eliminate cervical cancer, but it is not a priority for African governments and perhaps, development partners. I call on governments, international donors and development partners to take it upon themselves to make the eradication of cervical cancer a priority. It can be done, but it is not a priority. That is the problem.” said Caleb. 

“If we invest in making cervical cancer screening more user-friendly, and less intrusive, it could help get many more women screened across the continent. Once we can get more women screened, we will be able to identify cervical cancer at an early stage, and the automatic result is that we will have fewer cases where the disease reaches an advanced, fatal stage.” he added.

Using the example of the Roll Back Malaria initiative where massive investment continues to be made to sensitise populations on malaria prevention and control, and to provide mosquito bed nets to every household,

He has urged the partners and governments to undertake similar investments for cervical cancer eradication in Africa. 

“It is expensive, but the good thing is that it only concerns women. Moreso, women of a certain age. So why not target the age group, invest in these women and get them protected once and for all?” Caleb said.

The WHO states that cervical cancer is the fourth most common cancer in women globally with around 660 000 new cases and around 350 000 deaths in 2022. The highest rates of cervical cancer incidence and mortality are in low- and middle-income countries. This can change if we invest in ensuring that HPV vaccines are available for every girl of vaccination age, the self-applicable and more efficient HPV DNA test is provided at least twice to every sexually active female as recommended by the WHO, and strategies are put in place to ensure effective screening and vaccination.

 Critical Minerals Africa (CMA) to Host Investment Forum Showcasing Opportunities in African Critical Minerals

CMA 2024 will take place under the theme Innovate. Enact. Invest in African Critical Minerals to Sustain Global Growth

By Daily News Reporter

Investment in African critical minerals are on the rise, with global entities acquiring assets, funding upstream projects and developing midstream and logistics facilities. Over the past three years, Zambia  ­– Africa’s second-largest copper producer – has recorded $10 billion in investments in its mining sector. These investments are pushing the country closer to its goal of increasing copper production to one million tons by 2026 and three million tons by 2030, with several new projects coming online. To promote opportunities and drive fresh investment across African markets, the upcoming Critical Minerals Africa Summit will feature a dedicated Investment Forum.

The Critical Minerals Africa 2024 summit on November 6 - 7 serves to position Africa as the primary investment destination for critical minerals. The event is held alongside the African Energy Week: Invest in African Energy 2024 conference on November 4 - 8, offering delegates access to the full scope of energy, mining and finance leaders in Cape Town.

The Investment Forum will delve into investment opportunities across the spectrum of critical minerals and rare earth projects, highlighting how African governments are partnering with global stakeholders to create an enabling environment for market expansion.

Zambia introduced the Mineral Royalty Tax Reform in 2022 – reducing mineral royalty rates for investors – resulting in a surge of fresh investments. In June 2024, mining firm Jubilee Metals Group  acquired two operational copper mines to support efforts to increase activities at its Sable Refinery in Zambia. Canadian mining firm Ivanhoe Mines also announced that is investing in the expansion of a concentrator at the Kipushi Copper Mine, aiming to increase output to 960,000 tons of copper annually by 2030, up from 140,000 tons in 2024. The UAE’s International Resources Holding is providing $300 million to enhance copper production at Mopani Mines, following its acquisition of a 51% stake in a $1.1 billion deal in April 2024. The Investment Forum will showcase lucrative prospects for global investors within Zambia’s copper value chain.

Meanwhile, Zimbabwe  banned the export of raw lithium in 2022 in a bid to attract investments across the midstream sector to value add its lithium output. The regulation aims to help the country account for 20% of global lithium demand, build a $12 billion economy by 2030 and has resulted in an influx in new investments and project launches. Mining revenue  has grown from $3.5 billion in 2020 to $9.77 billion in 2023, as a result. Mining firms including Rwizi Rukuru, Shengxiang Investments, Chengxin Lithium Group, Zhejiang Huayou Cobalt and Sinomine Resource Group have invested in large-scale lithium processing facilities in 2023 and 2024. The Investment Forum will feature stakeholders from Zimbabwe’s critical mineral sector in panel discussions and exclusive networking sessions, highlighting investment opportunities across the mining value chain.

With the global demand for critical minerals set to increase by four times by 2030 – driven by increasing adoption of clean energy technologies – Africa, which holds 30% of the world’s total critical mineral reserves, is well positioned to attract global investors. South Africa holds 80% of the world’s platinum group metals, Morocco 70% of total phosphate, the Democratic Republic of Congo the world’s largest cobalt reserves, Guinea-Conakry the world’s second-largest bauxite reserves, and Gabon the world’s second-largest manganese resources. CMA will spotlight these resources and partnership opportunities available for global stakeholders as African countries unlock their full mineral potential for GDP growth.

“Africa’s critical mineral resources present an opportunity for the continent to forge partnerships on infrastructure development and economic growth with global investors. We hope to see an increase in investments flowing into Africa as global mining stakeholders capitalize on the continent’s vast resources and strategic locations to feed the global demand,” stated Rachelle Kasongo, Project Director at CMA-organizer, Energy Capital & Power.

 Zambia’s First lady Mrs. Mutinta Hichilema with Merck Foundation give AID  

By Daily News Reporter

The First Lady’s office Mutinta Hichilema in partnership with Merck Foundation has donated assorted items such as 6000 exercise books, stationary, 1, 700 school bags and 3,334 story books to Bundabunda Primary School in Musebo village of Chongwe District.

Technical Advisor to the First Lady, Shelly Tayali who represented the Mrs. Mutinta Hichilema  stated that the donation is expected to assist pupils at the school who do not have access to the necessary school materials.

Ms. Tayali’s emphasis on the importance of education for every child resonates deeply. Indeed, education serves as a powerful equalizer, opening doors to better lives and securing brighter futures. Her call to parents in the area to take advantage of the government’s free education policy is commendable. No child should be left behind.

Additionally, Ms. Tayali’s advocacy against child marriages aligns with the broader goal of safeguarding children’s rights. It’s heartening to see community engagement and efforts to address this critical issue. The proposal to dedicate specific days in each school term for advocacy on ending child marriages is a practical step forward.

Mr. Mubita’s appeal to the First Lady to assist girls and boys to demonstrates compassion and a commitment to making a positive impact. Girls and boys who struggle to attend school to give AID and challenges faced by some students. The donation of a new wheelchair by Mrs. Hichilema is a remarkable gesture that directly improves Grace’s access to education.

 

 

 

 

 NETONE TECHNOLOGIES TO TRANSFORM DIGITAL PLATFORM

By Daily news Reporter

Bejoy Nettikadan Executive officer of Netonehas said the institution has made an important first step for the technology space in Zambia as it totally transforms the sector by creating local skills, affordable devices and also opportunities for regional trade,

Recently NETONE Technologies was awarded an award and a certificate by Zambia revenue Authority (ZRA) for Complying ZRA’S regulations.

He stated that the institution is committed to provide innovative solutions and state-of-the-art IT services to its clients.

Nettikadan noted that focus on being customer-centric and tailoring solutions to meet clients’ needs is crucial.

“Having a cross-functional team with local expertise ensures effective collaboration with organizations of varying sizes and industry verticals. And of course, the emphasis on maximizing ROI through technology investments and digital initiatives is essential for business growth.” He added.

Speaking at business meeting in Lusaka Nettikadan stated that ZRA’s Smart Invoice is an electronic billing system implemented by the Zambia Revenue Authority (ZRA).

This software application can be installed on Windows-based desktop computers, laptops, or tablets. It allows users to create, customize, and manage transactions locally on their own devices. Suitable for all taxpayers except those with accounting packages.

Online Smart Invoice accessed through a web browser or online portal, this platform is ideal for service industry taxpayers who issue few invoices.

These systems integrate with Smart Invoice after certification. Suitable for taxpayers with accounting packages or Enterprise Resource Planning (ERP) systems. Integration is achieved through an interface with the Virtual Sales Data Controller (VSDC).

 

 

 ZAAB against this model is ill-suited for Zambia’s farmers

“It fails to support the country’s diverse food and farming system and limits adaptation to climate change……………... Nketani

By Daily News Reporter

Plant breeders' rights (PBR) or plant variety rights (PVR) are rights granted to the breeder of a new variety of plant that give the breeder exclusive control over the propagating material and harvested material of a new variety for a number of years.

Farmers’ Rights play a crucial role in shaping inclusive seed legislation. These rights recognize the essential contributions of farmers to agricultural biodiversity and the conservation of plant genetic resources. So Farmers have the right to save, use, exchange, and sell seeds from their own harvest. This practice helps maintain local crop diversity and adaptability.

And in addition farmers should be actively involved in decisions related to seed policies, research, and development. Their traditional knowledge and practices contribute significantly to sustainable agriculture.

Farmers should have access to diverse genetic resources, including traditional varieties. This access enables them to adapt to changing environmental conditions and improve crop resilience.

When commercial varieties are developed using farmers’ genetic resources, fair and equitable benefit-sharing mechanisms should be in place. This ensures that farmers receive compensation for their contributions.

Farmers’ Rights protect against unfair practices such as seed patents and restrictive intellectual property rights that hinder farmers’ ability to save and exchange seeds.

And Zambia Alliance for Agroecology and Biodiversity (ZAAB) is against Zambia’s intention to join the International Union for the Protection of New Varieties of Plants (UPOV). They express concern about the undue influence of the UPOV secretariat in drafting Zambia’s new Bill.

According to ZAAB country coordinator Mutinta Nketani, stated that amending a sovereign law solely to further outside and private interests at the expense of national interests, particularly farmer’s rights, is unacceptable. The proposed amendments aim to align Zambia’s laws with the UPOV 1991 standards, but Nketani argues that this model is ill-suited for Zambia’s context. It fails to support the country’s diverse food and farming system and limits adaptation to climate change.

Nketani has urged the government to abandon efforts to pass, repeal, and adopt the proposed new Bill to officially join UPOV. Let them Facilitate an open and transparent national discussion on farmer’s rights.

“Develop and adopt a comprehensive legal framework to fully implement Zambia’s obligations regarding farmer’s rights” Nketani said.

She further said that if enacted, the Bill could pose a threat to Zambia’s agro-biodiversity, lead to increased seed prices, and potentially result in corporate control over the seed and food system. It’s essential to balance international standards with local needs and priorities. (© Copyright Reserved) 

 

 

Comprehensive sexuality education is not about sex

“Let us all provide youth with the right information on life skills and health education…………… Mutwale

By Daily news Reporter

Forum for African Women Educationalists of Zambia (FAWEZA) which is a non-governmental organization dedicated to gender justice in the education sector. And to promote girls’ and women’s education across sub-Saharan Africa, aligning with the global Education for All agenda.

FAWEZA’s commitment to advancing education for women and girls is vital for achieving equitable and inclusive educational opportunities.

Programmes Manager Ivy Mutwale said this during media interaction in Lusaka that between 2020 and 2024, the reduction of teen pregnancy was about 1000. As a result, comprehensive sexuality education was introduced as a mitigation measure to prevent continued pregnancy among young people and the exposure of learners to diseases such as STIs and HIV.

The main objective of this education is to provide youth with the right information about Comprehensive sexuality education, which is now called Life Skills and Health Education (LSHE), is teaching children about their rights, their bodies, how they can prevent unprotected sex, and how they can abstain.

That there is a need for the government to support training and capacity building for educators, have regular assessments of LSHE programmes, and implement feedback mechanisms for the continuous improvement in schools in 10 provinces of this country.

 

How Artificial Intelligence Can Boost Your Business

By Daily News Reporter

Once locked onto the right targets, AI helps discover the most effective channels to reach potential customers, helping to ensure marketing efforts are reaching the right audiences

Mid-year is often a good time to review the status of your business and consider making changes to help your business grow during the second half of the year. It is also an opportunity to assess the level of support your business is getting from digital solution tools, what is available in the market, and what to consider helping propel your business and customer engagement.

While enterprise businesses may have large technology budgets and can assemble a team of specialists, it can be different for small and microbusiness owners. They grapple with a variety of unique challenges running their business to compete in crowded marketplaces, yet this is starting to change.

Generative AI (AI) has taken significant strides over the past year and introducing new tools and strategies does not have to become a major investment or require expertise. With AI by your side, it’s use can help create a marketing strategy to not only stand out, but also help to drive increased engagement and fuel growth. With the increasing use of AI tools, Generative AI is on a path to become the next equalizer for small businesses.

Putting AI to work for content creation

AI becomes a companion in crafting both creative and easy to use content calendars. With AI tools, it can be easy to determine which themes and topics will resonate with desired audiences. From there, content can be created to be distributed across channels, establishing deeper connections with customers while boosting an online presence.

Generative AI steps in to assist in crafting content that captures attention and keeps readers engaged. It provides suggestions and enhancements to existing content and suggests professional images giving small businesses an edge in refining their messaging. And it saves time by tailoring integrated content across various channels. AI's ability to tweak copy based on real-time feedback and analytics, can also help to fine-tune a rich content strategy delivering strong results.

Unveiling the benefits for targeted marketing

AI tools can also be used to delve deeper into competitor research. Using sophisticated algorithms and data, AI tools can swiftly gather information on competitors’ activity. And that is not all – AI can also serve up invaluable customer insights by analysing data from various sources. By discerning customer preferences, behaviours, and demographics, small businesses can more precisely pinpoint the right audience for their products and services. Once locked onto the right targets, AI helps discover the most effective channels to reach potential customers, helping to ensure marketing efforts are reaching the right audiences.

Evaluate, Adjust, and Shine

AI powered tools are not just here to make businesses look good, they excel at measuring customer performance. By tracking metrics like website engagement rates, conversion rates and customer satisfaction, AI provides insights into what is working and what needs a tweak. This allows small businesses to gauge the effectiveness of marketing campaigns and make informed decisions for improvement.

With access to this variety of insights, along with knowledge of their own business plans, businesses can take advantage of the benefits of using AI tools to streamline processes, consider new ideas and gain customer insights. Working along with human intervention, these insights can be essential to refine the outcomes. Knowing the business well can add the human evaluation element to the AI produced insights, which presents a more well-rounded view when considering opportunities for improvement.

With business owners using AI responsibly, the use of AI tools can be a significant technology enhancement for small businesses looking to go up against their competition and successfully grow their business. With these tools easily available to small business owners and entrepreneurs, AI offers the ability to both save time and money while elevating brand presence and resonating with target audiences more effectively than ever before.

 

 

Standard Chartered stakes over K1.5m for women businesses

As six women entrepreneurs receive $60,000 through the Bank’s Women in Tech programme

Standard Chartered Bank has announced the winners for Cohort Four of the SC Women in Technology Incubator Programme (SC WIT). The six women-owned businesses that emerged victorious in Cohort 4 are walking away with $60,000 seed funding after an intense and robust training programme. Each winning business will get $10,000.

The SC WIT Incubator Programme is designed to identify, develop, and support women-led businesses in the technology sector. Through the incubator programme, participants receive training, mentorship, and access to resources to help them scale their businesses and drive innovation.

Speaking at the awards and graduation event, Standard Chartered Bank CEO, Sonny Zulu stated that the SC WIT programme is part of the Bank’s bold and ambitious stand to lift the participation of women and Small Medium Enterprises (SMEs) in the economy to build more sustainable communities.

“The SC WIT programme is part of our broader global initiative – Futuremakers by Standard Chartered – to tackle social and economic inequality by promoting greater economic inclusion. When we launched SC WIT in November 2020, we were responding to the call for the much-needed support for small and medium enterprises who are now increasingly playing a critical role in growing the country’s economy.  This initiative equally supports government’s efforts to grow SMEs as evidenced by the formation of the Ministry of Small and Medium Enterprises Development,” Mr Zulu said.

The Standard Chartered CEO revealed that it has grown the number of winners this year. Now, six women owned businesses from cohort 4 will receive $60,000 from the Bank as seed capital. “It is a proud moment for us at Standard Chartered, as we witness the success and further development of the programme. We are very proud that this year, we have increased the number of winners from 5 to 6. Therefore, 6 Zambian female-owned businesses will emerge victorious this year. We have invested over K10m into WiT over the last 4 years and this investment is testament to the Bank’s aspiration to lift the participation of Zambian women in our economy,” he explained.

Mr Zulu highlighted that SC WIT Cohort 4 had businesses from a diverse range of sectors including health, agriculture, farming technologies, health, logistics and food, amongst many others. “It is exciting to see women led business in various sectors embracing technology and innovation. As a bank we are passionate about technology ourselves, we have led the way by launching Zambia’s first-ever end-to-end digital bank which now provides our clients with access to over 70 banking services at the click of a button at their own convenience,” he said.

Speaking at the same event, BongoHive Executive Director, Lukonga Lindunda noted that, “SMEs account for over 80% of employment across Africa and The World Economic Forum (WEF), highlights that women make up 58% of Africa’s self-employed population, contributing around 13% of Africa’s total GDP.

Therefore, we see that the contribution of female-led businesses to Africa’s economy is undeniable and calls for concerted efforts, especially in the areas of financing and mentorship for them to thrive in a growing and often highly competitive business landscape.

As BongoHive, we look forward to a continued partnership with Standard Chartered Bank to work together in ensuring that female entrepreneurs in Zambia are availed the support they need for them to grow their businesses and contribute to national development through job creation.”

 

And Minister of Small Medium & Enterprises Development, Honourable Elias Mubanga, congratulated Standard Chartered for their continued commitment to empower Zambian women entrepreneurs and providing them with the tools and funding needed to succeed.

“I am delighted to be part of the Women in Tech Cohort 4 graduation event and proud that so many Zambian women entrepreneurs continue to benefit from this great programme by Standard Chartered Bank. As a Government, SMEs are at the heart and are the pulse of our economy – that is why it is very important that they are supported by both government as well as the private sector,” said Mubanga. 

Mr Mubanga added that government remains firmly committed to empowering SMEs, especially those owned by Zambian women. He thanked Standard Chartered for their continued commitment and dedication to the cause of SMEs in Zambia.

 

 

1,500 PARTICIPANTS PARTICIPATE AT THE 2025 WORLD SKILLS AFRICA COMPETITION IN LIVINGSTONE

More than 1,500 participants from across Africa are expected to compete in 20 skills at the World Skills Africa Competition which Zambia will host in Livingstone in April 2025.

Zambia will be hosting the World Skills Africa Competition 2025 in Livingstone from 7th to 12th April 2025. This prestigious event aims to showcase the skills and talents of participants across various categories. With support from the Ministry of Technology and Science and the President of Zambia, World Skills Zambia is working closely with World Skills International (WSI) and AUDA-NEPAD to ensure the successful delivery of the competition. Beyond the event, the competition venue at the Livingstone Institute of Business and Engineering Studies (LIBES) will serve as a Centre of Excellence for up skilling trainers in Zambia and potentially beyond.

 

The competition will feature a range of skills, including Information Network Cabling, Mechanical Engineering CAD, Welding, Wall and Floor Tiling, Plumbing and Heating, Electrical Installations, Bricklaying, Joinery, Carpentry, Jewellery, Hairdressing, Beauty Therapy, Fashion Technology, and more. It’s an exciting opportunity for Zambian students to demonstrate their abilities and contribute to the growth of the hospitality sector and related industries.

Permanent Secretary in the Ministry of Technology and Science Eng. Dr Brilliant Habeenzu- PS Ministry Of Technology And Science. says the hospitality and transport sectors in the tourist capital are expected to cash in from the five day competition.

Speaking during the commemoration of the United Nations Skills Day and opening of the National Skills Competition in Lusaka, Dr. Habeenzu said Zambian students will compete in all 20 categories.

Dr. Habeenzu said the event will help the hospitality sector and other related industries to provide services for the 1,500 participants who will be competing at LIBES.

He added that skills development is at the core of government agenda as it provides an opportunity for youths to gain knowledge on how they can survive and earn a living.

Dr. Habeenzu urged Zambian participants to exhibit good behavior and compete favourably to make the country proud.

And World Skills Zambia Programme Manager Precious Lisulo said the local secretariat is doing everything possible to ensure that Zambia reaps medals at the World Skills Africa Competition.

Ms. Lisulo, who is also Acting Director of Vocational, Education and Training in the Ministry of Technology and Science, said a lot of work is being put in place to ensure that Zambian students are prepared to compete against their counterparts from across Africa next year.

She said a team of experts has already been identified and trained to mentor Zambian participants as they prepare to take part.

 

 

NAPSA HAS SEALED A $400 MILLION DEAL WITH MAAMBA COLLIERIES LTD

By Daily News Reporter

National Pension Scheme Authority (NAPSA) has sealed a US$400 million deal with Maamba Collieries Limited (MCL) to build a new 300MW coal power plant.

Speaking to the media in Lusaka NAPSA Director General Muyangwa Muyangwa said that the investment in the project is a sign of the authority’s confidence in Zambia's future as it realised that power generation affects employment which trickled down to the NAPSA contributions.

“So this is the boost to the power generation and will help increasing manufacturing,create jobs and investment in order to maintain cashflow into the pension scheme.

For this project Maamba Phase II will be financed through a combination of debt (US$ 300 million) and equity (USD 100 million).

Meanwhile NAPSA Board of Trustees chairperson Shipango Mutate said also added that the authority is providing US$ 200 million as debt financing (loan), the remaining US$ 100 million would come from local equity investors.

The loan term is for ten and a half years and there is a moratorium period of two and a half years on principal repayments.

This means NAPSA will only receive interest payments during this initial period, with principal repayments starting after two and a half years.

This debt investment is priced at nine percent net of taxes, meaning they will receive a nine percent return on their investment after accounting for any taxes.

Maamba Phase II is a bold move to tackle the crippling power deficit caused by a severe drought that's choked the country's hydropower plants.

The drought has slashed hydropower generation, leaving the country with a massive 750MW power shortfall resulting in business frustrations for many and more than 12 hours of load shedding for all.

And this is expected to generate around 1,200 jobs during construction and 400 permanent positions once operational.

And that the authority is projected to earn up to, "US$107.6 million in interest income from the project, with US$ 33.7 million interest projected to be received during moratorium period," disclosed Muteto

The project is a crucial step towards diversifying Zambia's energy mix as the country relies heavily on hydropower, leaving it vulnerable to the whims of weather.

Muyangwa said this project was not the first investment in the energy sector as the authority had previously invested in the Kafue Gorge financing a loan of over US$950 million.

 

 

KASENENGWA DISTRICT RECORDS 256 TEEN PREGNANCIES

KASENENGWA District Has recorded a total of 256 teen pregnancies in the first quarter of this year 2024 in the first Quarter.

Kasenengwa district Commissioner Rachael Phiri stated that out of 256, 13 were aged below 15 years while 243 were aged between 15 and 19 years.

She further noted that government is concerned that despite certain measures being put in place, cases of teenage pregnancies are still on the increase.

She said the government will however, continue partnering with traditional and religious leaders among other stakeholders in ensuring that the cases are reduced.

She added that adolescent reproductive health services are cardinal for the district as it affects a crucial transition period that influences the biological changes of puberty.

“Adolescent reproductive health services are cardinal for the district as it affects a crucial transition period that influences the biological changes of puberty and to negotiate key developmental areas such as increasing dependency and experimentation,” she said.

And District Education Board Secretary (DEBS) Mathias Chuunga said a total of 71 pregnancies were recorded in some schools in the quarter under review, further explaining that 15 of the 71 girls have been enrolled back in school after giving birth to enable them to continue with their education.

Meanwhile, Chief Madzimawe of the Ngoni people observed a reduction in the migration of commercial sex workers from Chipata and other towns this year during the crop marketing season.

He attributed the development to the dry spells that were experienced in the last farming season which resulted in low yields as farming is the only source of income for most people in villages.

Chief Madzimawe however, mentioned that traditional leaders will still be on the lookout to ensure that the illegal activity which results in most people being swindled of their monies is curbed.

 

WHAT ROLE CAN MEDIA PLAY IN COMPETITION AND CONSUMER PROTECTION ISSUES

By Daily News Reporter

The media can play a vital role in promoting awareness and understanding of competition and consumer protection.

Let’s dig more details on how can the media play this fight by collaborating with the Competition and Consumer Protection Commission (CCPC) first thing you need to know is Informing the Public: The media can disseminate information about consumer rights, anticompetitive practices, and deceptive business behaviors. By reporting on CCPC initiatives, investigations, and enforcement actions, they raise awareness among consumers and businesses.

Coverage of Hearings and Policies: Media outlets can cover CCPC hearings, public consultations, and policy developments. This helps educate the public about changes in competition law, privacy regulations, and consumer protection priorities.

Interviews and Features: Journalists can interview CCPC representatives, legal experts, and affected parties. Feature stories can highlight real-world cases, emphasizing the importance of fair competition and consumer rights.

Educational Content: The media can create educational content, such as articles, videos, and info graphics, explaining complex legal concepts in accessible language. This empowers consumers to recognize unfair practices and make informed choices.

Investigative Reporting: Investigative journalists can delve into specific industries, uncovering anticompetitive behavior or consumer rights violations. Their work can prompt CCPC action and drive positive change.

Remember, collaboration between the media and CCPC contributes to a fairer marketplace and informed consumers.

 

OVERCOMING THE STIGMA OF MENTAL HEALTH

“False beliefs about mental illness can cause significant problems. Learn what you can do about stigma.”

By Daily News Reporter

Stigma is when someone views you in a negative way because you have a distinguishing characteristic or personal trait that's thought to be, or actually is, a disadvantage (a negative stereotype). Unfortunately, negative attitudes and beliefs toward people who have a mental health condition are common.

Stigma can lead to discrimination. Discrimination may be obvious and direct, such as someone making a negative remark about your mental illness or your treatment. Or it may be unintentional or subtle, such as someone avoiding you because the person assumes you could be unstable, violent or dangerous due to your mental illness. You may even judge yourself.

What are some of the harmful effects of stigma such as Reluctance to seek help or treatment

Lack of understanding by family, friends, co-workers or others,

Fewer opportunities for work, school or social activities or trouble finding housing,

Bullying, physical violence or harassment,

Health insurance that doesn't adequately cover your mental illness treatment,

The belief that you'll never succeed at certain challenges or that you can't improve your situation

From this how can we deal with this stigma?

First Get treatment. You may be reluctant to admit you need treatment. Don't let the fear of being labeled with a mental illness prevent you from seeking help. Treatment can provide relief by identifying what's wrong and reducing symptoms that interfere with your work and personal life.

Don't let stigma create self-doubt and shame. Stigma doesn't just come from others. You may mistakenly believe that your condition is a sign of personal weakness or that you should be able to control it without help. Seeking counseling, educating yourself about your condition and connecting with others who have mental illness can help you gain self-esteem and overcome destructive self-judgment.

Don't isolate yourself. If you have a mental illness, you may be reluctant to tell anyone about it. Your family, friends, clergy or members of your community can offer you support if they know about your mental illness. Reach out to people you trust for the compassion, support and understanding you need.

Don't equate yourself with your illness. You are not an illness. So instead of saying "I'm bipolar," say "I have bipolar disorder." Instead of calling yourself "a schizophrenic," say "I have schizophrenia."

Join a support group. Some local community groups and offer local programs that help reduce stigma by educating people who have mental illness, their families and the general public.

Get help at school. If you or your child has a mental illness that affects learning, find out what plans and programs might help. Discrimination against students because of a mental illness is against the law, and educators at primary, secondary and college levels are required to accommodate students as best they can. If a teacher doesn't know about a student's disability, it can lead to discrimination, barriers to learning and poor grades.

 

 ACCESS TO QUALITY EDUCATION IN AFRICA

By Daily News Reporter

Improving access to quality education in Africa is a critical endeavor with far-reaching implications, let us look at the Challenges and Barriers such as Misaligned Policies and Funding Priorities in Sub-Saharan Africa countries faces challenges due to misaligned policy and funding priorities, which hinder the achievement of inclusive, equitable, and quality education.

Also Lack of Access and Inclusion, many children still lack access to education, especially in remote or underserved areas. Gender gaps persist, affecting girls’ education and limiting their opportunities. Infrastructure limitations, such as inadequate school buildings and transportation, hinder access.

Further they are Insufficient teacher training impacts the quality of education.

Why Quality Education Matters:

Education contributes to economic growth. Increasing schooling years positively affects economic outcomes. Africa’s growing population will be the future workforce. Quality education prepares them for global opportunities and Ensuring girls’ secondary education has a significant impact on societies and economies.

Investment Needed:

An additional $77 billion annually is required for African countries to achieve their national education targets and provide quality education for all. However, development aid to education in sub-Saharan Africa has declined3.

They are some foundations such The Merck Foundation, was established in 2017, and serves as the philanthropic arm of Merck KGaA, Germany. Their mission is to improve health, well-being, and lives through science and technology.

What are some initiative programs Merck Foundation has implementing so far to education in Africa:

Educating Linda Program:

Tailored for each country, this pan-African program aims to empower brilliant but underprivileged young African girls by providing them with access to education. The goal is to help them pursue their dreams and reach their full potential.

Science Education:

Merck continues its commitment to science education globally by partnering with nonprofit organizations. Their goal is to increase access to science education for more than 500,000 students in underserved communities worldwide.

To this end Merck Foundation has made efforts focusing on improving access to quality healthcare and education, with a special emphasis on empowering women and youth in STEM fields.

 ZAMRA CAUTIONS CLEARING AGENTS TO SAFE AND EFFICIENT TRADE OF MEDICINES

 

By Daily News Reporter

"LET us ensure that we have safe and efficient trade of medicines and allied substances to meet the internation standards,by following comprehensive guidelines and regulations......................." 

The Zambia Medicines Regulatory Authority (ZAMRA) has recognized the crucial role of customs clearing agents in ensuring the safe and efficient trade of medicines and allied substances. ZAMRA Director General, Mukomani Siyanga, recently emphasized the importance of collaboration and open communication between the authority and the clearing agent community.

During a stakeholder engagement meeting in Lusaka, Siyanga highlighted the vital contributions of clearing agents in protecting public and animal health. Clearing agents play a key role in facilitating the smooth clearance of medicinal products at Zambia’s borders. To ensure high standards, ZAMRA has established comprehensive guidelines and regulations aligned with international best practices. 

Mr. Siyanga also cautioned that inadequate regulation could lead to serious consequences, including the proliferation of substandard, falsified, and counterfeit medicines, which may result in treatment failures, resistance to common medicines, adverse reactions, and even fatalities.

ZAMRA encourages clearing agents to leverage their expertise to comply with these standards, ultimately safeguarding the health of Zambian citizens. Additionally, ZAMRA has developed a Service Delivery Charter in collaboration with the Ministry of Health—a “social contract” committing to consistently and efficiently deliver high-quality services. Siyanga assured clearing agents of ZAMRA’s dedication to providing necessary support and timely transaction processing.

 THEY IS NEED TO HAVE GOOD QAULITY SEED AND SUFFICENT FOR THE FARMERS - Mtolo

By Daily News Reporter

Zambian seed industry such maize is a robust and competitive in Sub-Saharan Africa. It operates within a highly pluralistic system, comprising both formal and informal sectors. The informal sector includes farmer-managed seed systems (FMSS) and NGOs promoting seed exchange. In FMSS, farmers freely share and exchange seeds for various items, including food and labor. This system reflects Africa’s rich cultural heritage.

There’s an ongoing push to transform the seed sector into a commercialized entity owned by a few. However, this transition often remains more theoretical than practical.

Efforts to commercialize seeds sometimes marginalize traditional seed varieties, which are essential for preserving agro-biodiversity and building resilience against climate change.

And Disconnections between policy and law hinder the sector’s ability to address developmental challenges and fulfill human rights related to food security.

While achievements exist, challenges persist. Balancing commercialization with the preservation of traditional seeds is crucial for sustainable agricultural development in Zambia,

To address these advanced seed system in the country, Zambia held its (2) second National Seed Congress in Lusaka under the theme: Repositioning Zambia as a Continental seed Hub in the face of Climate Change”

Speaking on behave of the President of the Republic of Zambia Mr. Hakainde Hichilema, at the conference Reuben Mtolo Phiri, Minister of Agriculture has issued a stern warning against those involved in selling fake seeds and fertilizers.

He emphasized that these counterfeit products hinder economic development in the agriculture sector. Mr. Phiri is committed to putting an end to such practices, deeming them unacceptable.

Also stated that they is need to have sufficient and good quality seed available to farmers to improve the agriculture sector,

“We can’t attain national food and Nutrition security and the sustainable development goal No 2 Zero hunger without good quality seeds,” Mtolo said.

He added that government will continue to support seed industry by aligning the seed certification system to international standards.

Additionally, Marx Mbunji, President of the Zambia Seed Trade Association (ZASTA) has provided reassurance regarding seed stocks.

He affirmed that Zambia has ample seed reserves to cater to local demand, export orders, and business needs.

And that ZASTA will continue to engage in with the Ministry of Agriculture to safeguard these local stocks and prevent any unwarranted speculation. Ensuring a stable seed supply is crucial for sustainable agricultural development and food security in the country.

Collaboration between the government and the seed industry is crucial for enhancing seed systems, especially for resilient crops. They is need of encouraging private sector investment in research and production is essential. By incentivizing companies to invest in developing high-quality seeds, we can improve access to resilient crop varieties.

And ensuring that seeds meet quality standards is vital. The government can establish regulations and certification processes to guarantee seed quality. This benefits both farmers and consumers.

Such as training programs for farmers and seed producers can enhance their knowledge of seed production techniques, storage, and distribution. This empowers them to contribute effectively to the seed system. Highlighting the importance of resilient crops (such as drought-tolerant or disease-resistant varieties) encourages their adoption. These crops contribute to food security and climate resilience.

Additionally Facilitating connections between seed producers and consumers ensures efficient seed distribution. Farmers need access to quality seeds, and consumers benefit from nutritious produce.

By fostering collaboration and implementing supportive policies, we can strengthen seed systems and promote the consumption of resilient crops.