Tuesday, November 19African Digital Business Magazine

Zambia News

Zambia News

Agriculture, Zambia News

Insurance has a crucial role to play in driving the sustainability of farming and give impetus to Zambia’s socio-economic development

With Zambia having recently commemorated Farmer's Day and the contributions and work made by farmers in the agricultural sector in the country, Hollard has highlighted the importance of ensuring the sustainability of farming in the country, by providing adequate disaster risk financing mechanisms as a means to protect farmers against natural and man-made disasters. Choolwe Sianyinda, Chief Operating Officer of Hollard says, “The long-term sustainability of the agricultural sector in Zambia and prospects for the country’s socio-development hinges on the adoption of adequate cover and protection to mitigate against the increasingly volatile and erratic weather patterns - which are largely attributed to climate change - placing an extra burden on food security.” The socio-economic developme...
Business, South Africa News, Zambia News

Millennials will drive the growth of insurance in Africa

The insurance industry in Africa is undergoing significant transformation, marked by evolving consumer needs, technological advancements, and shifting demographics. Among the most influential demographic groups driving this change is the Millennials generation, born between 1982 and 1994. According to market research firm, IMARC Group, the African insurance industry is expected to grow by 6.3% between 2024 and 2032, after reaching US$ 87.4 billion by 2023. “The Millennials have a big role to play in Africa’s insurance growth, as they begin to build families and acquire property,” says Mulenga Kashiwa, technical underwriting senior manager at Hollard International. He explains, “Millennials in Africa are now in their 30s to early 40s, a phase often associated with significant life changes...
African News, Zambia News

Impact Africa advances sustainable development in Africa with new regional footprint in Southern Africa

Organizations in the Southern African Development Community (SADC) region are now set to further their sustainability agenda after a support firm expanded its outreach by opening a new regional office in Lusaka, Zambia. Impact Africa Consulting Limited  (IACL) announced this latest development in a virtual press briefing conducted from its headquarters in Nairobi and the new office in Zambia promising to expand more physical presence in other parts of the continent in the coming months. Speaking during the briefing, Partner and Lead Consultant Dr. Edward Mungai explained that this expansion signifies a major leap in IACL's commitment to advancing sustainability across the African continent. "The opening of our Lusaka office is in line with IACL's dedication to fostering sustainable practi...
Medicine, Zambia News

Africa CDC Youth Pre-Conference at CPHIA 2023: African Youth Gather to Champion Youth Leadership for a Safer and Healthier Africa

The second Africa CDC Youth Pre-Conference kicked off on 25 November 2023 ahead of Africa's largest public health conference, CPHIA 2023, in Lusaka, Zambia. Convened by Africa CDC, in collaboration with the Mastercard Foundation, GIZ and Unicef, the conference witnessed participation of over 250 African youth from 51 African countries and diaspora. The Director General of Africa CDC, His Excellency Dr Jean Kaseya, opened the conference by calling on young people to take an architectural position in providing guidance towards a safer and healthier Africa and to play a pivotal role in this task. The First Lady of the Republic of Namibia, Her Excellency Monica Geingos set the participants alight with words of inspiration, emphasizing on the significance of Public Health to African youth as ...
Africa Fintech Summit Announces Flutterwave as Lead Fintech Sponsor for the 10th Anniversary Summit in Lusaka, Zambia
Events, Fintech, Zambia News

Africa Fintech Summit Announces Flutterwave as Lead Fintech Sponsor for the 10th Anniversary Summit in Lusaka, Zambia

The Africa Fintech Summit is proud to announce Flutterwave as the Lead Fintech Sponsor for its highly anticipated 10th-edition summit, set to take place in Lusaka, Zambia, on November 2-3, 2023. This partnership marks a significant milestone for both the Africa Fintech Summit and Flutterwave, showcasing their shared commitment to fostering innovation and growth within the African fintech ecosystem. Flutterwave's dedication to advancing the fintech industry in Africa has been unwavering, making the company a natural choice as the Lead Fintech Sponsor for this landmark event. Over the years, Flutterwave has consistently demonstrated its support for the summit and the broader African fintech community, contributing to the growth of digital financial services across the continent. The Africa...
Over 200 Leading African and Global Organizations Set to Convene at Africa Fintech Summit Lusaka, Zambia, this November
Events, Fintech, Zambia News

Over 200 Leading African and Global Organizations Set to Convene at Africa Fintech Summit Lusaka, Zambia, this November

The stage is set for the largest gathering of fintech stakeholders from around Africa and the globe as the Africa Fintech Summit prepares for its 10th edition. The summit, renowned for fostering meaningful conversations, partnerships and other ecosystem-enabling engagements, is scheduled to take place from November 2-3, 2023, at Ciela Resort and Spa in Lusaka, Zambia. The Africa Fintech Summit has become a platform where innovators, entrepreneurs, regulators, investors, and other influential players convene to chart the course for Africa’s fintech landscape. With the fintech sector on the continent witnessing exponential growth and transformation, this year's summit aims to accelerate the pace of innovation, foster partnerships, and address critical challenges faced by the industry. AFTS...
Applications now open for Africa Fintech Summit’s 6th AlphaExpo Micro-Accelerator Cohort
Events, Fintech, Zambia News

Applications now open for Africa Fintech Summit’s 6th AlphaExpo Micro-Accelerator Cohort

LUSAKA, ZAMBIA: The Africa Fintech Summit, the largest bi-annual fintech event in Africa, announces the application for its 6th AlphaExpo Micro-Accelerator cohort.  The AlphaExpo is a program at the heart of the Africa Fintech Summit mission. This year the program will enable up to 15 African startups the opportunity to attend and exhibit at this November’s AFTS in Lusaka, Zambia on November 2-3, 2023 as a VIP delegate. Cohort participants will also take part in the AlphaExpo Pitch Competition on Friday, November 3rd, formally concluding this year’s AFTS festivities.  Industry events are great ways for early-stage entrepreneurs to kick-start fundraising, partnership, and business development conversations in addition to amplifying their company’s profile to a global audience. Oftentimes,...
Southern Sun Ridgeway celebrates 70 years of hospitality in Lusaka
Africa Travel, Zambia News

Southern Sun Ridgeway celebrates 70 years of hospitality in Lusaka

Southern Sun Ridgeway celebrates a milestone 70th anniversary in 2023, marking seven platinum decades of hospitality in Zambia’s capital, Lusaka. Originally known as the ‘Ridgeway Hotel’, it was one of the city’s first hotels to open in 1953. Over the years it has undergone various rebrands and refurbishments, and today is one of Southern Sun’s most renowned hotels. Southern Sun’s journey into Zambia began when the group signed a management contract with Anglo American Corporation (Central Africa) in 1994, and the hotel was converted into a Holiday Inn Garden Court, and subsequently upgraded to a Holiday Inn a year later in 1995. This involved a major refurbishment of the entire hotel together with the addition of 35 rooms, bringing the total to 154, which set the course for it to become ...
MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)
Angola News, Ethiopia News, Ghana News, Kenya News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Senegal News, South Africa News, Startups, Zambia News

MultiChoice Africa Accelerator Programme set to boost prosperity of African small and medium-sized businesses (SMME)

MultiChoice shortlists 11 start-ups to pitch for international funding and take their small businesses to the next level At a time when unemployment challenges and economic instability are high, small and medium-sized businesses (SMMEs) are proving to be the engines of economic growth and job creation throughout the African continent. In recognition of the critical role SMMEs play, MultiChoice launched the MultiChoice Africa Accelerator programme which trained 29 businesses across 9 African countries in key entrepreneurial skills. As the second leg of the programme, a panel of experts has selected 11 of the most promising small businesses and invited them to pitch to prospective international investors in Dubai. “There’s no denying the impact African SMMEs have on job creation and econ...
Evaluating the Continued Need for Liquidity Instruments for IPPs as ATI Closes Phase 1 of its Regional Liquidity Support Facility (RLSF)
Energy, Uganda News, Zambia News

Evaluating the Continued Need for Liquidity Instruments for IPPs as ATI Closes Phase 1 of its Regional Liquidity Support Facility (RLSF)

By Obbie Banda - Underwriter | Acting RLSF Coordinator, African Trade Insurance Agency (ATI) The African Trade Insurance Agency (ATI) issued the fifth policy under its Regional Liquidity Support Facility (RLSF) in support of the 7.8 MW Nyamwamba II Run-of-the-River hydropower plant in Uganda on 19 May 2022; closing Phase 1 of RLSF, a liquidity instrument jointly founded by ATI and the KfW Development Bank with grant funding from the German Federal Ministry of Economic Cooperation and Development (BMZ). Under Phase 1, the five RLSF policies have been issued for the benefit of renewable energy projects in Burundi, Malawi and Uganda, enabling a total installed capacity of 116.3 MW and USD 172.5 million in total project financing. The projects supported in Burundi and Malawi with RLSF cover ...