Zambia News Archives - Page 2 of 3

Radisson Hotel Group Unveils Spectacular New Resort Just Minutes Away From Magnificent Victoria Falls in Zambia

16Dec

By Africa BusinessNo Comments

Africa Travel, Zambia News

Radisson Hotel Group Unveils Spectacular New Resort Just Minutes Away From Magnificent Victoria Falls in Zambia

Radisson Hotel Group (https://www.RadissonHotels.com) is delighted to announce the opening of Radisson Blu Mosi-oa-Tunya Livingstone Resort, Zambia. Nestled on the banks of the Zambezi River, the resort is the Group’s first safari resort in Africa and first resort in Zambia, and is a key step towards its goal of reaching 150 hotels in operation and under development in Africa by 2025. Radisson Blu Mosi-oa-Tunya Livingstone Resort is ideally located near the Mosi-oa-Tunya National Park, 2km south of the historic city of Livingstone, and 4km northwest of the famous Victoria Falls, one of the seven natural wonders of the world and a celebrated UNESCO World Heritage Site. The resort has been constructed and will operate with the greatest respect to one of the world’s largest waterfalls and...

Flourish Ventures launches Madica, an Africa-focused pre-seed investment platform

24Oct

By Africa BusinessNo Comments

Startups, Zambia News

Flourish Ventures launches Madica, an Africa-focused pre-seed investment platform

The new investment program is targeting up to 30 underrepresented entrepreneurs across Africa who are working in underserved sectors and geographies. The goal of the program is to provide them with the resources and support they need to grow their businesses and impact their communities. Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, today announced the launch of affiliate Madica, a structured investment program for pre-seed stage technology companies in Africa. Aiming to serve mission-driven and under-represented founders, the new sector-agnostic program will invest capital in tech startups and offer founders tailored mentorship and world-class company-building support. Over the next three years, Madica seeks to back 25-30 African entr...

4Jul

By Jana BothaNo Comments

Ghana News, Kenya News, Main, Namibia News, Nigeria News, South Africa News, Tanzania News, Zambia News, Zimbabwe News

Indirect tax developments in Sub-Saharan Africa

By Jana Botha, VAT Consultant, Baker McKenzie Johannesburg There have been significant developments in indirect tax within Sub-Saharan Africa (SSA) in the past year. The vast majority of developments have been based around VAT amendments and policies, as well as general budget updates for 2022 across SSA. This article includes key developments from Ghana, Kenya, Namibia, Nigeria, South Africa, Tanzania, Zambia and Zimbabwe. Ghana The Parliament of Ghana passed the Value Added Tax (Amendment) Act, 2021 (Act 1072) to bring VAT proposals into effect. The Amendment Act came into force 1 January, 2022. The policy includes a revision of the VAT flat rate scheme (VFRS). Act 1072 has now revised the application of VFRS to only cover retailers of goods where the value of taxable supply is betw...

13Jul

By Africa BusinessNo Comments

Cameroon News, Events, Zambia News

Annual Investment Meeting Successfully Concluded AIM AFRICA Digital Edition

The event witnessed the participation of 101 expert speakers, 2092 participants from 99 countries, with 41 countries from Africa and over 47 global exhibitors. The Annual Investment Meeting successfully concluded AIM AFRICA Digital Edition which took place from the 29th – 30th of June 2021 via Events10x platform under the theme “Africa Unlocked: Innovation and Sustainability as the Drivers of Economic Growth”. The two-day virtual conference witnessed the participation of 101 expert speakers, 2092 participants from 99 countries, with 41 countries from Africa and over 47 global exhibitors. Top government officials and high-level dignitaries also joined AIM AFRICA and among them was H.E Sheikh Shakhboot Nahyan Al Nahyan - Cabinet Member and Minister of State in the Ministry of Foreign Affair...

Zambia’s Lubambe Mine extension project to spur copper output

15Nov

By Hicks SikazweNo Comments

Zambia News

Zambia’s Lubambe Mine extension project to spur copper output

The recent discovery of high-grade copper ore by Zambia’s Lubambe mine is a significant development that ushers in a new lease of life in the mining industry of Africa’s second-largest copper producer. After the Democratic Republic of the Congo (DRC), Zambia is the next highest producer of the red metal that yields large foreign exchange revenues and boosts the country’s GDP. Other than the government the mining industry provides stable employment to many in the land-locked nation. The 235 million tone swathe unearthed by Lubambe Copper Mine is in part of the formerly Konkola north segment lying in Chililabombwe. The lucrative ore was stumbled on after a comprehensive study. Lubambe Copper Mine runs an underground operation in Chililabombwe on the Copperbelt, near the border with the DRC. ...

Smart Power lights up Africa’s road to pandemic recovery

29Oct

By Baker McKenzieNo Comments

Energy, Green Energy, Zambia News

Smart Power lights up Africa’s road to pandemic recovery

Kieran Whyte, Partner, Head of the Energy, Mining and Infrastructure Practice, Johannesburg, and Marc Fèvre, Partner, London, Baker McKenzie. Across Africa, access to power is hampered by the lack of access to competitive funding, the dire state of the continent’s utilities infrastructure and the need for energy policy and legislation to be adapted so that it can boost investment in the sector. Post COVID-19, new solutions are urgently needed to address Africa’s power crisis and switch on a continent-wide strategy for its recovery and renewal. Such solutions must take into account the energy transition and in particular, the utilisation of renewable energy, the focus on smart power technologies and cost effective solutions, as well as the global drive towards a decentralised, decarbonised ...

15Nov

By Kine Seck MercierNo Comments

Angola News, Benin News, Kenya News, Main, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Rwanda News, South Africa News, Startups, Uganda News, Zambia News

Demand for African Talent is Increasing

Strategies to share talent between Africa and France By Kiné Seck Mercier A young woman spends her youth in Nigeria, leaving to attend a university in London. She goes on to work in the United States, Ghana, South America, Kenya and Zambia, finally settling in Paris. In many ways, she is illustrating an increasingly common trend in younger generations—a desire to work abroad and to contribute to building the African economy. We wanted to examine this trend in more detail: What’s driving this new generation to work in Africa? What is the scale of this trend? What is the impact on other countries as rising leaders are drawn to opportunities in Africa? To answer these questions, we held a series of 10 Africa Leadership Dinners and conducted interviews to uncover what is at the root of this ...

28Oct

By Africa BusinessNo Comments

Africa Travel, Botswana News, Cape Verde News, Democratic Republic of the Congo, Kenya News, Nigeria News, Rwanda News, South Africa News, Tanzania News, Zambia News, Zanzibar

Hotel Development Industry in Africa

Introduction The development of a country partly depends on the expansion of their hotel and tourism industry. Africa is facing a tough time economically and they are trying their best to fight back this economic crisis. They focus on the hotel management sector and try to develop this industry. A hotel is not only a place of accommodation, it is always more than this. Building a hotel means creating opportunities for new jobs and it boosts the regional economic activity in general. History The history of African hotel industry is not very old. It was started back in 1960 with the declaration of their independence. However, the development of hotel industry comes to a standstill due to the lack of investment. Another reason behind this standstill is the investors moved ...

Tapping into Digital Technology Platforms to Increase Agriculture Productivity in Africa

15Apr

By Johan BurgerNo Comments

Agriculture, Main, Mali News, Nigeria News, Senegal News, Zambia News

Tapping into Digital Technology Platforms to Increase Agriculture Productivity in Africa

by Johan Burger Introduction Africa is a bit of an anomaly as far as agriculture is concerned. On the one hand, it has 65% of the world’s available uncultivated arable land, and it has the potential to feed the world. However, a country such as the Democratic Republic of the Congo (DRC), which has the potential to feed Africa’s 1.2 billion people, struggles to feed its own population of about 70 million. On the other hand, the continent is a net importer of food to the tune of US$41 billion annually. This figure is set to grow to US$110 billion by 2025 should nothing change. We also find that the average age of farmers in Africa is about 63 years, and 85% of farming activity takes place on smallholder plots of 2 - 3 hectares each. At the same time, the youth of Africa are fed-up with the p...

Friday@Noon on Economic Development in Africa: 2018

10Apr

By Johan BurgerNo Comments

Angola News, Botswana News, Kenya News, Main, Nigeria News, Rwanda News, South Africa News, Zambia News

Friday@Noon on Economic Development in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The year 2018 saw numerous cases of economic development on the African continent. This would include trade, etc. Africa The US$2 trillion-plus Sub-Saharan Africa economy continues to strengthen from a low point in 2016, thanks to domestic policy adjustments and improved global economic activity. Growth is projected to increase from 2.7% in 2017 to 3.1% in 2018. With the exception of SSA’s two biggest markets (Nigeria and SA), the rest of SSA has grown at 5.3% on average in the period spanning 2010-17, but with wider heterogeneity across countries. Hence, there are plenty opportunities for dedicated investors. The regi...