STANBIC Bank and mobile phone service provider MTN have rolled out a device financing solution that will enable customers to acquire mobile devices and data packages using flexible payment plans that will be offered by the bank.
The solution, which was launched on Wednesday evening at Stanbic’s Taj Pamodzi Private Banking Suite, is exclusive to Stanbic Bank clients who need flexible payment plans to buy any device of their choice as well as voice and data connectivity plans offered by MTN using Stanbic Bank channels at agreed payment periods.
Zweli Manyathi, Standard Bank’s Chief Executive of Personal and Business Banking for Africa, said the partnership by Stanbic and MTN was key to driving financial inclusion for customers.
“This partnership deals with some of the missing links that we have been trying to work towards in different types of markets. This is what’s called financial inclusion for the bottom of the pyramid clients. Exclusion from financial services is potentially exclusion from economic participation. So, we owe it to ourselves as a responsible citizen in each of the countries we operate in to deliver on that,” Mr Manyathi said.
“What we’ll be delivering is simply putting together two products, one in the bank and one in MTN, package them together for all special customers of the bank as well as MTN subscribers so that they can continue to ensure that using the products that we have in Stanbic you’ll be able to improve your lives and have convenience in everything you do,” he added.
MTN Zambia Chief Executive Officer Charles Molapisi said the package that was being rolled out would enable more customers to acquire digital devices that have become a major part of people’s lives today. Mr Molapisi said digital inclusion was key to driving financial, health and educational inclusion.
“Tonight, we continue to partner with Stanbic to deliver the services of a mobile operator through the banking channels. If you are a Stanbic customer, today if you want to access banking on the internet platforms, you can do so without paying for your data subscription,” he said.
“We are going a step further. Through this partnership we’ll deliver all the mobile services that are delivered to our corporate customers through the Stanbic channels. As a Stanbic customer, you can walk through a branch and walk out with an MTN sim card, phone, and an MTN plan on your phone immediately.”
Ralph Vraagom, MTN Group General Manager for Partnerships, hailed the collaboration between Stanbic and MTN, which he said was a long-term partnership that would bring convenience to customers of both service providers.
“We bring together a wealth of knowledge and understanding and a wealth of expertise to jointly service our customers and consumers better. At MTN we believe we cannot give everything to our people. We need trusted partners to be able to maximize the value to our customers,” he said.
Mr Vraagom said the partnerships between the two companies in many markets they operate are built on mutual trust, shared objectives and a greater need to work together.
The device financing solution will give MTN subscribers and Stanbic Bank customers an affordable service that allows them to access Data, Voice, SMS and Home Connectivity plans as part of a package through MTN’s Enterprise Business Unit and Service Centres nationwide and the Stanbic Bank’s Private Banking Suites.
Vehicles in Zambia increased to 853,909, RTSA, Police say
Zambia allocated 8.7 million doses of COVID-19 vaccines
ZAMBIA has been allocated 8.7million doses of Covid-19 vaccines under a facility being pioneered by the Africa Union.
Zambia’s Ambassador to Ethiopia and Permanent Representative to the African Union, His Excellency Emmanuel Mwamba announced the development.
He said the initiative is being done under the COVID-19 African Vaccine Acquisition Task Team (AVATT) a platform which has been created to ensure that upto 60% of Africa’s population were vaccinated against the Coronavirus by December 2021.
He said AVATT was created by President Cyril Ramaphosa, Chairperson of the African Union, in November 2020.
He said AVATT has been mandated to secure the necessary vaccines and blended financing resources for achieving Africa’s COVID-19 vaccination strategy which targets vaccinating a minimum of 60 per cent of Africa’s population.
Mr. Mwamba said AVATT’s efforts are focused on; securing enough safe and efficacious vaccine doses to vaccinate at least 60 per cent of the African population, estimating the funding needs for vaccine procurement and delivery and creating the financing mechanisms required to ensure that all African Union Member States can access and receive the vaccine doses they need to reach a minimum of 60 per cent immunisation.
He said under the mechanism, the vaccines are being sourced from Pfizer, Johnson and Johnson, and AstraZeneca.
Pfizer and Johnsons &Johnsons are among the world’s largest pharmaceutical companies, while AstraZeneca PLC is a British-Swedish multinational pharmaceutical.
He said a finance facility has been created under the AVATT- the Advance Procurement Commitment (APC) Facility to be backed by African Import and Export Bank (Afreximbank).
He said this mechanism aims at ensuring Africa’s access to the COVID-19 vaccines from no later than April 2021, by providing assurance to identified vaccine manufacturers that vaccine orders placed through the African Medical Supplies Platform (AMSP), are firm and will be paid for as may be agreed.
APC aims to guarantee Africa’s access to of COVID-19 vaccines in a manner that reduces the fiscal burden on member countries.
The mechanism will also ensure a timely, equitable and cost-effective availability of COVID-19 vaccine supplies within the African continent and by so doing, mitigate the protracted financial and socio-economic costs of the COVID-19.
This is also to provide a credible platform around which a blend of funding can be attached to
support Africa’s COVID-19 vaccine procurement requirements.
The Task Team has provisionally secured 270 million vaccine doses for Africa for the critical period from April to December 2021.
He said Zambia’s allocation may rise to 25million doses by December 2021.
These vaccine doses, which are in addition to the expected COVAX doses, will be distributed through the African Medical Supplies Platform (AMSP).
The candidates and related quantities are; 50 million doses of the Pfizer/BioNTech vaccine, 100million doses of the AstraZeneca vaccine, through the Serum Institute of India and 120 million doses of the Johnson and Johnson vaccine (upon satisfactory conclusion of phase III trials).
He said the vaccines will obtain prior approval by AVATT on the recommendation of the Africa-CDC.
Africa CDC will approve the vaccines having considered the necessary conditions, efficacy including vaccines which have been trialed in Africa and safety.
Mr. Mwamba said the Permanent Representative Committee (PRC) was briefed of the progress that has been made to ensure that member states began to receive the vaccines from March- April 2021.
This is according to issued by Mrs. Inutu Mupango Mwanza First Secretary (Press&Tourism), Addis Ababa,Ethiopia