RURAL & PERI URBAN ELECTRICITY CONNECTION FEES REDUCED AS GOVERNMENT LAUNCHES ASCENT PROGRAM

By Daily News Reporter

Government has announced a landmark reduction in rural and peri-urban electricity connection fees, lowering the cost of a standard on-grid household connection from K4,846 to just K300 under a new nationwide subsidy mechanism.

Minister of Energy, Makozo Chikote, announced during the launch of the Accelerating Sustainable and Clean Energy Access Transformation in Zambia (ASCENT–Zambia) Program in Lusaka today. The more than 90 percent reduction is expected to make electricity significantly more affordable and accessible to rural households across all ten provinces.

Mr Chikote explained that the subsidy forms part of the US$250 million ASCENT Program supported by the World Bank, which aims to connect more than 1.6 million Zambians to electricity and clean cooking technologies over the next five years.

He disclosed that the 2026 application window for the subsidy will open on 22nd December 2025, targeting 100,000 new household connections in its first year. The Minister urged citizens to take full advantage of the opportunity and directed ZESCO and the Rural Electrification Authority (REA) to intensify nationwide awareness efforts.

REA Acting Chief Executive Officer, Eng. Alex Mbumba, reaffirmed the Authority’s commitment to delivering the project efficiently and transparently. He said REA will strengthen collaboration with ZESCO to ensure smooth implementation and timely service delivery, particularly in underserved rural areas.

ZESCO Managing Director, Eng. Justin Loongo, described the ASCENT Program as a “game changer” with the potential to transform lives by expanding access to clean, reliable, and affordable electricity.

The World Bank pledged continued financial and technical support to the initiative, commending Zambia for its reform efforts and commitment to expanding modern energy services. COMESA also announced that it will provide technical assistance to the ASCENT project, further strengthening regional cooperation aimed at enhancing institutional capacity and accelerating energy access.

On the broader significance of the programme, Mr Chikote noted that Zambia’s electricity access rate currently stands at 51 percent, with rural access at only 33 percent. He said the ASCENT Program aligned with Vision 2030 and the continental Mission 300 initiative will help close this gap by promoting electrification, advancing clean cooking solutions, and improving socioeconomic conditions.

 “Our desire is that a farmer in Eastern Province can refrigerate his produce, a schoolgirl in Northern Province can study under proper lighting, and an expectant mother in Western Province can access safe and reliable health services,” he said.

The Minister commended the World Bank, COMESA, the Ministry of Finance, REA, ZESCO, and other cooperating partners for their continued support. He expressed confidence that the AS

 

 

From Treatment Success to Prevention Power: Zambia’s HIV Journey”

By Daily News Reporter

Zambia has made remarkable strides in its HIV response. Today, nearly 98% of people living with HIV know their status, and the majority are on treatment with suppressed viral loads. Clinics across the country echo with stories of resilience: mothers who once feared passing HIV to their children now celebrate healthy births, and young men proudly share their journeys of staying on antiretroviral therapy.

Zambia participated in an international World AIDS Day on 1^st December 2025 with a renewed call to action and a major step forward in HIV prevention, where the Ministry of Health Minister, Hon. Dr. Elijah J. Muchima, officially launched 𝒍𝒆𝒏𝒂𝒄𝒂𝒑𝒂𝒗𝒊𝒓, a new long-acting injectable PrEP option that offers fresh hope for young people and vulnerable populations.

Speaking during the national commemoration, held under the global theme “Overcoming Disruption, Transforming the AIDS Response,” Dr. Muchima reaffirmed the country’s unwavering commitment to ending AIDS as a public health threat by 2030.

He noted that despite progress, the nation continues to face significant challenges, particularly among young people aged 15 to 24, who account for 38% of new infections.

However, the Minister emphasized that “AIDS is not over,” and the response must now be more resilient, innovative, and community driven.

This launch of lenacapavir marks a major milestone in expanding prevention options. “This new long-acting PrEP brings renewed hope,” Dr. Muchima said, adding that it will be rolled out alongside existing methods such as condoms, VMMC, and oral PrEP.

He also highlighted that Zambia’s commitment to integrating HIV efforts across education, social protection, and community development sectors, while calling on all stakeholders, development partners, civil society, the private sector, and young people to intensify prevention and accountability efforts.

“As a nation, we must turn disruption into an opportunity for transformation,” he said. “If we remain united, innovative, and focused, we can end AIDS as a public health threat and ensure that no Zambian is left behind.” He added.

In 2024 alone, Zambia recorded 30,000 new HIV infections, a rise from the previous year. Alarmingly, adolescents and young people aged 15–24 account for nearly 40% of these cases. For this generation, the epidemic is not history — it is a lived experience.

And According to the latest UNAIDS 2025 estimates, Zambia has reduced new HIV infections by 52% since 2010 and lowered AIDS-related deaths by 40%. The country has also surpassed the global 95-95-95 targets for adults, reaching 98-98-97.

And speaking to daily News reporter in Lusaka by the name of lukundo mwale (name withheld) of Chawama compound stated “We hear about HIV in school, but many of us don’t think it can happen to us. The Ending AIDS campaign is teaching us that prevention is power — through PrEP, condoms, and knowing our status.”

And a Healthcare worker shared her sentiment, “We need to meet young people where they are — in schools and in communities. Ending AIDS will only happen if prevention becomes part of everyday life.

Alice Mukanga (name withheld), who has worked in HIV care for over a decade, notes that while treatment success is high, prevention remains a challenge.

The Zambia Ending AIDS Campaign is designed to close these gaps. It combines testing, treatment adherence, and prevention tools like PrEP and voluntary medical male circumcision, while strengthening Prevention of Mother-To-Child Transmission (PMTCT) programs, The campaign’s message is clear: Ending AIDS is not just a government goal — it is a shared responsibility.

With the HIV Prevention Roadmap 2025–2030, Zambia is sharpening its focus on youth-centered interventions, community engagement, and sustainable financing. The vision is bold but achievable: a Zambia where new HIV infections are rare, treatment is universal, and stigma is a relic of the past.

Dr. Paul Zulu, from Zambia National Public Health Institute (ZNPHI) speaks to journalists during cross Border meeting online under the theme “HOW CLIMATE CHANGE AFFECTS GLOBAL HEALTH”. With conviction that “Prevention is our cornerstone. If we can stop new infections, we can end AIDS.” His words capture the urgency of Zambia’s fight against HIV, where young people and high-risk populations remain most vulnerable.

And meanwhile Anna Miti, seasoned journalist and Chairperson of the Health Communicators Forum (HCF) Zimbabwe, is spearheading efforts to bring HIV back into the newsroom spotlight.

He added that journalists must reclaim their role as educators and watchdogs, ensuring communities remain informed and empowered. Also, journalists can challenge stigma, promote prevention.

She further stated that the media’s role is critical in shaping attitudes and encouraging action. HIV must return to the headlines, not as a relic of the past, but as a story of resilience, innovation.  (c) Copyright Reserved

 

 

 

Minister Nkandu Commends Choppies for Youth Empowerment and Job Creation

By Daily News Reporter

Minister of Youth, Sport and Arts, Honourable Elvis C. Nkandu, has praised Choppies retail chain for its contribution to youth empowerment, job creation, and support for local suppliers during a field tour of the company’s store along Leopards Hill Road in Lusaka.

Speaking during the visit, Minister Nkandu emphasized government’s commitment to fostering partnerships with the private sector to create meaningful opportunities for young people. “We will continue to build an environment that encourages collaboration between government and investors, ensuring that the youth of Zambia benefit from sustainable livelihoods,” he said.

And Choppies Chief Executive Officer Schulk Piennar welcomed the Minister’s visit, noting that the company operates 40 stores nationwide and employs 2,400 workers. He expressed gratitude to government for recognizing the role of retail in supporting communities and driving economic growth.

The Minister’s tour highlighted the importance of private sector engagement in national development, particularly in providing platforms for youth participation in the economy.

Meanwhile, Choppies is currently running its Big Birthday Bonanza promotion, which continues until 4 January 2026. Customers shopping at any of the chain’s outlets stand a chance to win prizes including five brand-new Suzuki Fronx cars, five Suzuki Super Carry light trucks, 10 motorbikes, 10 ZTE smartphones, and weekly shopping vouchers worth K1,500.

Minister Nkandu concluded his tour by reaffirming government’s support for initiatives that align with Zambia’s vision of job creation, youth empowerment, and sustainable economic growth.

 

African Development Fund commits $14 million grant to scaling up climate resilience across the Sahel

By daily News reporter

The Climate Action Window grant will cover 30 municipalities and support the creation of 60 climate-smart villages across Sahelian countries, helping to strengthen community resilience to climate shocks

The Board of Directors of the African Development Fund has approved a grant of $14.64 million to support Project 2 of the Programme to Strengthen Resilience to Food and Nutrition Insecurity in the Sahel (P2-P2RS) in Abidjan on 21 November 2025.

The additional financing is provided through the Climate Action Window (http://apo-opa.co/43MyWLA), a climate-focused funding mechanism of the African Development Fund, the concessional lending window of the African Development Bank Group.

The grant aims to strengthen the adaptation and resilience capacities of communities across the Sahel as they face increasingly severe climate extremes. The project adopts a dual approach: scaling up the "climate-smart villages" model around hydro-agricultural infrastructure, and improving access to and use of climate information for decision-making.

The new funding will support the regional seed system by disseminating resilient, high-yielding improved seed varieties. Planned activities include updating the Regional Catalogue of Species and Varieties; creating a business-to-business networking portal; and strengthening seed multiplication capacities of national agricultural research systems and seed companies to ensure availability in climate-smart villages. The project will also support women’s and youth empowerment through targeted capacity-building.

In addition, the project will reinforce climate data collection and impact monitoring systems, enhancing real-time data availability from observation networks. It will establish an integrated digital platform for data collection, management, and real-time dissemination, as well as a regional system for monitoring and managing loss and damage data. This includes standardising loss and damage reporting across countries and developing a multi-scale digital platform for the centralised data management.

The Climate Action Window grant will cover 30 municipalities and support the creation of 60 climate-smart villages across Sahelian countries, helping to strengthen community resilience to climate shocks.

 

“Insurance, Banking and Telecoms Unite in Lusaka to Drive Africa’s Economic Transformation”

By Daily News Reporter

Over 200 CEOs and leaders in the insurance industry in Zambia, Kenya, Africa, the Middle East and Asia  convened in Lusaka, to identify solutions to challenges affecting the industry. The global conference was convened by the Kenya Reinsurance Corporation (Kenya Re) under the theme "The Nexus of Insurance, Banking & Telecommunications for Economic Transformation."

The insurance sector provides the necessary risk mitigation and long-term capital for major infrastructure and developmental projects. The banking sector provides the essential liquidity, credit and payments infrastructure.

The telecommunications sector, increasingly, is the digital engine that facilitates access, reduces transaction costs and allows for product innovation for the previously unbanked and uninsured. It is this symbiotic relationship -insurance providing security, banking providing capital and telecoms providing reach that will redefine financial inclusion and stability in Africa.

 Dr Hillary Wachinga, Managing Director of Kenya Re commented on the summit saying: “For us, the nexus is where we find new avenues for risk transfer. The telecommunication platforms are providing data and distribution channels that enable banks to offer bespoke credit products, and in turn, enable insurers to wrap those products with affordable protection. This translates to stronger balance sheets for banks, reduced vulnerability for consumers and expanded premium growth for the insurance and reinsurance sectors.”

 The leaders discussed current issues affecting their industry including financial inclusion and economic advancement, strategic collaboration and convergence, regulatory frameworks and policy synergies, digital transformation and innovation, and climate resilience & sustainable finance.

 “This summit is vital in building resilience for the industry as it provides a platform for them to address these challenges collectively,” added Dr. Wachinga. The national reinsurer with a footprint in Africa, the Middle East and Asia also urged the sector to embrace technological innovation to help drive access to products and provide convenient services.

 

Civil Society Divided: Consortium Seeks Voice in Zambia’s Constitutional Court Petition

By Daily News Reporter

Acting Chairperson Solomon Ngoma of the Consortium of Civil Society Organizations (CSOs) leaned into the microphone with conviction. His message was clear: Zambia’s constitutional reform process has been more inclusive than critics claim, and the voices of thousands of citizens who participated must not be silenced.

The Consortium — a coalition of democracy and peace building groups — has formally applied to join the petition filed by the Oasis Forum in the Constitutional Court. The Forum argues that the reform process was flawed and lacked inclusivity. But Ngoma and his colleagues insist that narrative is misleading.

The controversy traces back to March 2025, when the government announced its intention to amend the Constitution through Bill 7. Civil society groups, including the Consortium, initially raised concerns about limited consultations. Yet rather than disengage, they pressed for a reset.

“We consistently advocated for the withdrawal of Bill 7,” Ngoma explained. “This was done to allow a fresh start, with broader public consultations that would ensure the process is people-driven.”

Since then, the Consortium says it has worked tirelessly to mobilize citizens. Submissions were made in Lusaka and across all provinces, with thousands of ordinary Zambians contributing their views to the Technical Committee.

For Ngoma, the heart of the matter is accountability. “At this stage, both the Consortium and the many citizens who participated expect the report to be released. That expectation should not be blocked by court actions from those who chose not to take part in the consultation process,” he said.

The Consortium argues that the Technical Committee — composed of civil society leaders, lawyers, and professionals — is credible and representative. They believe its forthcoming report will demonstrate that public participation has been genuine and widespread.

Not all organizations agree. The Law Association of Zambia and the NGOCC have petitioned the court, questioning the legitimacy of the process. Ngoma criticized their stance, noting that some of their members served on the Technical Committee.

“It is surprising that groups who were part of the process are now questioning the ability of their own representatives to gather and articulate the views of citizens,” he said.

The Consortium insists that civil society should not be hierarchical. “In civil society, there is no bigger brother or smaller brother. No group is more important or more legitimate than another,” Ngoma declared.

The Consortium has signaled its readiness to apply for a police permit to march to State House in support of the constitutional review process. For them, the issue is not just legal but symbolic — a demonstration of solidarity with citizens who took part.

And speaking at the same press conference in Lusaka Emmanuel Muyunda, Executive Director of SACCORD, echoed this sentiment. “Civil society must represent the people’s voices, not just a few individuals. Our participation ensures that all Zambians who submitted views are respected,” he said.

Muyunda emphasized that protests are legitimate in a democracy, but must remain peaceful and lawful.

Benard Uteka, Secretary-General of Community Action Against Political Violence (CAAPOV), cautioned against misinformation. He recalled rumors that Bill 7 would extend presidential terms or remove the 50% +1 requirement — claims that proved false.

“Civil society and media must provide accurate information and allow the executive to present its report before citizens critique it,” Uteka said.

The Consortium’s membership spans organizations such as AIPAC, ZCLU, SACCORD, GEARS Initiative, MUDE, CAAPOV, and the Anti-Political Violence Association of Zambia. Together, they work to promote democracy, human rights, and peacebuilding in Zambia and the wider Southern African region.

For now, the Constitutional Court has yet to decide whether the Consortium will be admitted as an interested party in the Oasis Forum petition. But the debate has already revealed deep divisions within civil society — between those who chose to participate in the reform process and those who stayed away.

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 Beyond the Shadows: Zambia’s Bold Step Toward Albinism Inclusion”

A National Action Plan Signals Hope and Protection for Persons with Albinism

In Zambia, where sunlight is abundant and communities are rich in tradition, persons with albinism have long lived in the shadows—facing threats that go beyond the physical. From ritual-related violence to systemic exclusion, their lives have been shaped by fear, stigma, and silence.

The Ministry of Community Development and Social Services, in collaboration with the Parliamentary Caucus on Disability Inclusion and Rights, is spearheading the development of Zambia’s National Action Plan (NAP) for the Protection of Persons with Albinism. This plan is more than policy—it’s a moral and constitutional commitment to uphold the dignity of every Zambian, regardless of condition or background.

Dr. Joseph Munsanje, Chairperson of the Parliamentary Caucus, has called attention to the persistent dangers faced by persons with albinism: ritual attacks, entrenched myths, and limited access to healthcare, education, and employment.

“These are not isolated incidents,” he said. “They are systemic issues that demand a coordinated national response.”

Dr. Munsanje emphasized the caucus’s role as a bridge—ensuring that marginalized voices are heard in national decision-making. “We must bring those voices to the center,” he said,

“not just in policy, but in practice.

Mr. Joseph Ngoma, Vice Board Chairperson of Cheshire Homes, described the review meeting as “timely and critical.” He highlighted the NAP’s alignment with the African Union Plan of Action on Albinism (2021–2031) and Zambia’s obligations under the UN Convention on the Rights of Persons with Disabilities (UNCRPD).

The plan aims to Prevent rights violations through legal and community safeguards. Improve access to essential services.Promote full inclusion in education, employment, and public life.

 MINISTRY OF SMEs, ZGF AND PARTNERS PUSH FOR AGROECOLOGICAL ENTREPRENEURSHIP IN ZAMBIA

The Ministry of Small and Medium Enterprise Development has reaffirmed its commitment to supporting sustainable business models that promote food security, environmental protection, and inclusive growth through agroecological entrepreneurship.

Speaking during the Advancing African Agroecological Entrepreneurship and Territorial Markets (AAE & TM) convening held in Lusaka on Thursday, Pamela Chitulangoma, Director of SMEs at the Ministry, delivered a speech on behalf of the Permanent Secretary Subeta K. Mutelo, commending the organizers for creating a platform that fosters innovation and collaboration among farmers, entrepreneurs, and civil society organizations.

“Agroecological enterprises represent a transformative frontier for our economy,” she said. “They create income opportunities for rural communities while protecting the environment and strengthening food security key pillars for long-term resilience.”

Chitulangoma emphasized that the Ministry is expanding entrepreneurship development programs, promoting green enterprise financing, and working to strengthen market linkages for small and medium enterprises (SMEs). She urged participants to build partnerships and identify new opportunities that could drive Zambia’s transition toward a green economy.

The event, hosted by the Zambian Governance Foundation (ZGF) in collaboration with the Alliance for Food Sovereignty in Africa (AFSA) and the Zambia Alliance for Agroecology and Biodiversity (ZAAB), brought together stakeholders from across the agricultural and enterprise development sectors to deliberate on sustainable food systems and local market strengthening.

In her keynote address, ZGF Chief Executive Officer Ms. Engwase Mwale highlighted the need for community-led approaches in advancing agroecology and entrepreneurship.

“This convening marks a pivotal moment in our national journey toward food sovereignty,” Mwale stated. “For too long, industrial agriculture has overshadowed local models of food production, yet the solutions we seek already exist within our communities.”

Mwale noted that since 2017, ZGF has been working closely with communities in Rufunsa, Chibombo, Chisamba, and Luangwa, helping farmers harness indigenous knowledge to improve soil fertility, manage natural resources, and build local seed and food markets.

The Alliance for Food Sovereignty in Africa (AFSA) also underscored the importance of agroecology as a movement for justice, dignity, and resilience. Representing the organization, Ruth Nabegala said Africa’s food future must be grounded in sustainability and sovereignty.

“Across the continent, smallholder farmers and women-led cooperatives are proving that ecological sustainability and economic prosperity can coexist,” Nabegala said. “This convening is a reminder that real change begins from the ground up.”

Participants at the two-day meeting called for stronger policy alignment, investment in small-scale enterprises, and the creation of local markets that ensure farmers benefit directly from their produce.

The AAE & TM Convening is part of a broader African initiative aimed at connecting agroecological entrepreneurs, promoting territorial markets, and advancing food systems that are inclusive, resilient, and environmentally sound.

As the convening concluded, stakeholders reaffirmed their commitment to collaborative action, pledging to strengthen partnerships and scale up agroecological solutions that empower communities while ensuring sustainable economic growth.

 A Storm, A Warehouse, and a Lesson in Resilience

By Daily News reporter

When torrential rains through Lusaka this, dozens of small businesses and compounds are watched helplessly as floodwaters swallowed their inventory. For many, it is the end of the road. But one company, a mid-sized logistics firm, reopened its doors within weeks. The difference? Insurance.

While competitors scrambled to recover, the firm’s property insurance covered damages, and business interruption insurance kept salaries flowing. Their story is a reminder that insurance isn’t just paperwork — it’s the invisible backbone of survival.

Why Insurance Is Strategic let’s look at three strategies

•             Risk is inevitable: From cyberattacks to workplace accidents, businesses face threats daily. Insurance transforms unpredictable risks into manageable costs.

•             Credibility counts: Investors and clients often ask one question before signing contracts: “Are you insured?” The answer can make or break a deal.

•             Employees matter: Health and life insurance aren’t perks; they’re commitments to the people who keep the business running.

Speaking to a Daily News reporter in Lusaka, Ruth Tembo, owner of a bustling salon, recalled her skepticism about insurance. “I used to think insurance was a luxury or they wanted to steal our money,” she admitted candidly.

But her perspective changed dramatically when a fire tore through her shop. “After the fire destroyed our salon, I realized it’s the only reason we’re still in business today.”

Her story is not just personal — it reflects the growing realization among Zambian entrepreneurs that insurance is a lifeline, not a luxury.

And according to today’s volatile world — climate change, global supply chain shocks, and digital vulnerabilities — insurance is no longer optional. It’s a strategic investment in resilience. Businesses that embrace it are not just protecting assets; they’re safeguarding futures, reputations, and livelihoods.

Meanwhile according to the World Bank, nearly 60% of small businesses in Sub-Saharan Africa close permanently after a major disaster if uninsured.          A PwC survey found that 72% of investors consider insurance coverage a key factor before funding startups. Globally, the cyber insurance market is projected to grow to $84 billion by 2030, reflecting rising digital threats.

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 “Peace of Mind in Uncertain Times: Why Insurance Matters More Than Ever”

By Daily News Reporter

In the course of our lives, we only realise the importance of insurance when we experience life-changing events, which result in unplanned expenses.

However, despite the uncertainties and risks faced, few people try to save money or adequately prepare for these eventualities, causing pressure and stress on household finances, and often leading to poor choices in financial services to cope with these events.

When you have worked hard for everything you own, you need to ensure your property is protected if anything bad happens. Accidents, property damage or even death can occur at any time. If you have not prepared for uncertainties and risks, you will end up with unnecessary financial woes.

Having an insurance policy brings peace of mind, and greater financial confidence, knowing risks you may face can be dealt with without putting a strain on your finances. Buying insurance means you are transferring the cost of a potential loss you might incur to the insurance company by paying a premium – a regular amount of money put aside to pay for unforeseen circumstances,

Despite having more than 30 licensed insurance companies, the country’s insurance sector contributes under five per cent to Gross Domestic Product. And most citizens have no form of insurance cover.

The insurance industry remains one of the most underdeveloped sectors in the country. Most of the population remains uninsured. This perhaps shocking statistic is despite an 18 percent growth in investment income and a 2 percent increase in the number of insurance policies in place in the first quarter of 2018, compared to last year.

Regardless of its low penetration, the insurance sector plays a vital role in the financial wellbeing of many people, helping provide financial security when needed most.

One of the primary ways the insurance sector helps economic development is through risk management for investors. When an investor invests in a certain area, they will try to weigh the potential profits against the risk of failure.

Increased insurance coverage – in terms of a greater number of insurance policies being taken out by people and companies - will not only improve the sector’s ratio to the country’s GDP, but also provide more affordable sources of funds for insurance providers to improve access to better, more affordable insurance packages for citizens.

INSURANCE Companies seeks to support private sector growth by promoting financial inclusion - not only through affordable lending but by also ensuring there is adequate insurance protection cover against the risk of defaulting on payments for Personal Loan Plans due to any unforeseen events.

When planning future finances, preparing for unforeseen events is very important. However, good planning only happens when people are assisted in their planning via wide availability of attractive insurance products from the sector and other financial institutions.

We must work towards increasing the insurance spending ratio through the improvement of insurance products and services in the country. Increased access to insurance generates more affordable sources of funds for insurance companies - and the benefit can then be passed on to the customers who find themselves at the mercy of an insurance claim.

The number of people accessing insurance services must go up - because this is the money that insurance providers use to pay insurance claims and give people their lives back. This is also the money that individuals can use to prepare for key life events, which would make life much easier for them. So, people should be encouraged and given incentives to insure.

To make this happen, insurance companies should design products that encourage people to insure their assets and gain access to resources for uncertainties and risks.

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 “World Savings Day Spotlight: Zambia Honors Financial Literacy Leaders”

By Daily News reporter

Lusaka’s financial community gathered in anticipation and pride as the Financial Literacy Awards Ceremony unfolded. Hosted under the auspices of the Bank of Zambia (BOZ) Insurance Association of Zambia (IAZ) and Pensions and insurance Authority (PIA) the event was graced by the presence of Governor Dr. Denny Kalyalya, who emphasized the critical role of financial education in shaping a resilient economy.

This year's theme “It's not just a saving, it's your life,” is a reminder that saving is more than just a figure in your account: it is a tool for financial freedom and resilience. Simply put, your savings are your first line of defense, creating a safety net for life's unexpected moments.

Speaking the award ceremony in Lusaka Bank of Zambia Governor Dr. Denny Kalyalya stated “This award is a testament to our continued commitment to fostering the growth of the pensions industry, promoting financial literacy, and encouraging a culture of saving and financial inclusion across Zambia”

He further said that It inspires financial institutions to keep innovating and to design impactful engagements that benefit pension fund members and citizens at large — empowering them to achieve meaningful retirement outcomes and a more secure tomorrow.

And Pensions and insurances Authority (PIA) Registrar & CEO, Ms  Namakau Ntini also added that the awards, held as part of World Savings Day 2025, recognized institutions that have gone beyond traditional business practices to champion financial literacy among Zambians.

Ms Ntini also highlighted this year's theme “It's not just a saving, it's your life,” that is a reminder that saving is more than just a figure in our account: it is a tool for financial freedom and resilience. Simply put, our savings are our first line of defense, creating a safety net for life's unexpected moments.

“The ceremony is not just about accolades—it is a testament to the growing movement that places knowledge at the heart of financial empowerment.” Ntini said.

Representatives from the winning institutions echoed a common theme: collaboration. They stressed that financial literacy is most effective when insurers, banks, schools, and communities work together. Campaigns during Insurance Week and innovative programs across Zambia have already begun to shift mindsets, encouraging citizens to embrace savings and responsible financial habits.

The Financial Literacy Awards Ceremony was more than a celebration—it was a call to action. With Zambia’s youth forming the majority of the population, the need for accessible, engaging, and practical financial education has never been greater.

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