Sunday, November 24African Digital Business Magazine

Tag: Zambia

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

Failing To Win

A new book from Burnet Media, Cape Town will inspire and guide the next generation of African entrepreneurs. Failing To Win by Mike Quinn is the authentic story of a uniquely African startup at the forefront of the continent’s fintech revolution. Inspired to become the “M-Pesa of southern Africa” after Kenya’s pioneering mobile money innovation, Zoona secured tens of millions of dollars in international investment and grew to serve two-million customers in Zambia, Malawi and Mozambique while processing $2.5-billion in transactions. This is an ideal read for anyone doing business or investing in Africa, and in particular for purpose-driven entrepreneurs and impact or venture capital investors. ABOUT THE BOOK In 2009, Canadian entrepreneur Mike Quinn packed his backpack and moved to Lu...
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
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. ...
Energy, Kenya News, Main, Namibia News, Rwanda News, Zambia News

Friday@Noon on Infrastructure 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. General Africa has vast infrastructure needs. According to the AfDB, Africa's infrastructure requirements are estimated to be between US$130 billion and US$170 billion, far higher than the previous estimation of US$93 billion a year. The AfDB’s 2018 Annual Report said the new estimates left a financing gap of US$108 billion. Given this, and urgent needs in health, education, administrative capacity, and security, Africa has to attract private capital to accelerate the building of critical infrastructure needed to unleash its potential. African countries do not need to wait until all financing gaps are filled before the...
African News, South Africa News

DHL Global Connectedness Index shows signs of progress for Africa and others

By Thandisizwe Mgudlwa The latest reports on African Connectedness are showing great things for the future. And African countries are showing the largest increases in their global connectedness, according to DHL. While recent announcements from Cape Town, South Africa reveal: •          The countries with the largest increases are Mozambique, Togo, Ghana, Guinea and Zambia •          Global connectedness has yet to recover from its steep drop at the onset of the financial crisis •          The world’s shifting economic center of gravity is reshaping industry connectedness DHL recently released the second edition of the DHL Global Connectedness Index (GCI), a comprehensive analysis of the state of globalization around the world. The report, drawing on over one million data points fr...