Atlas Mara Bank has extended a one Billion relief package to give relief to its customers who have been adversely affected by the Covid-19 Pandemic.
Atlas Mara Bank Zambia Managing Director James Koni says the bank is pleased to provide businesses with appropriate financial solutions and debt distress support programmes.
This relief packages will be given on existing credit facilities to support businesses facing financial distress caused by the Covid-19 pandemic and the subsequent lock-down measures at local and international level.
“As a Bank, we have put measures in place to ensure that the relief packages are supporting our customers whose businesses have been adversely affected by the Covid-19 pandemic. Our goal is to ensure that the relief reaches our customers who need the relief packages the most in the priority sectors identified in the 7th National Development Plan, notably Agriculture, Manufacturing, Tourism, and Energy”.
Mr Koni said this as Atlas Mara Bank accessed part of the ten billion (K10,000,000,000.00) Bank of Zambia (BOZ) Medium Term Facility (MTF) funding announced recently by the Central Bank.
“As a Bank, we have measures in place to support and provide relief to our customers who are facing various challenges as a result of Covid-19 pandemic, however this MTF has allowed us to do even more for our customers and for this we are grateful.”
I am pleased to announce that a number of Corporate and SME customers have sought relief plans with the Bank of up to One Billion (K1, 000,000,000) worth of loans, which include interest rate reductions, facility reductions and capital and interest repayment holidays (moratoriums).
This action demonstrates Atlas Mara Bank’s determination to support our customers and enhance their ability to get through the Covid-19 Pandemic and beyond.
Mr Koni commended Government and the Bank of Zambia (BOZ) for this initiative with the aim to provide relief particularly to the most affected sectors of the economy.
“We are also further providing free financial and business advisory services for our customers to help their businesses manage their financial plans during this period of the Covid-19 pandemic and beyond as well.
As Atlas Mara Bank, our drive continues to be to ‘Reshape African Banking’ through the heavy investment in technology to drive our digital banking platforms thereby deliver the best digital products and services on the market.
This will help our customers transact in real time, conveniently and safely during this period of the Covid-19 Pandemic and beyond where digital channels have emerged as essential and this is why we are the leading Digital Bank in Zambia’ he added.
Zambian truck driver who was shot in South Africa dies
Zambia is one of the most attractive agricultural investment destination on the African continent, AFGRI says
AFGRI, a leading South African agriculture service company says Zambia is one of the most attractive agricultural investment destination on the African continent.
Company Chief Executive Officer Norman Celliers said Zambia has an advanced agriculture sector which made it the best investment destination in the region.
He was speaking at the AFGRI offices in Centurion,South Africa when he held a meeting with Zambia’s High Commissioner to that country Major General Jackson Miti.
Mr. Celliers said Zambia had unique capacity to grow and supply the SADC region with various foods owing to her rich soils and central geographical location.
He mentioned that his company was in the process of concentrating more on agriculture development in Zambia
And Major General Miti said government was engaging various stakeholders to ensure improved productivity and competitiveness in the agriculture sector.
He said government had embarked on a process of developing a crop marketing and export policy.
Major General Miti thanked AFGRI for its contribution to the growth of Zambia’s agriculture sector.
This is according to a press statement issued Mrs Naomi Nyawali, First Secretary Press and Public Relations at the Zambia High Commission in South Africa.
It’s a WRAP! Congratulations to the MTF Academy Class of 2020
DESPITE the challenging year that was 2020, MultiChoice is thrilled to congratulate the MTF Academy Class of 2020 on their graduation!
2020 was undoubtedly tough due to COVID-19, but the ability for all the 60 students from the Lusaka, Nairobi and Lagos academy hubs to quickly adapt and transition from physical to virtual learning speaks to the world-class nature of the academy’s course, says Mrs Leah Kooma, Chief Customer Officer, MultiChoice Zambia.
“The MultiChoice Talent Factory is very close to my heart. It speaks to who we are as Africans, natural-born storytellers. Today we are here to celebrate the second cohort who were dealt a heavy blow by the COVID-19 pandemic but the challenge seems to have brought on even greater opportunities,” Mrs Kooma adds.
The students’ academic course was extended from 12 month to 18 months due to the pandemic. This additional time translated to the students today walking away with not one but two qualifications, making them even more sought-after as they re-enter their respective local film and TV sectors as highly qualified industry professionals. Alongside their MTF qualification, the students also walk away with an equally illustrious qualification from the prestigious New York Film Academy of Visual and Performing Arts (NYFA).
Africa’s creative industries are custodians of the continent’s cultural heritage, and as Africa’s most-loved storyteller, MultiChoice has always put to use its burning desire to develop and invest in African talent through initiatives such as MTF. And like the previous cohort, the skills gained by the Class of 2020 once again shone through during their course.
The students completed an intensive 3-week online NYFA course on the production of micro-documentaries, PSAs and music videos and also worked with the United Nations on the global #PledgeToPause campaign, exposing the young creatives to global networks. In addition, MTF graduates are now part of the MTF alumni network and connected to industry professionals from across the continent through the MTF Portal-
The continued success of the MTF initiative since its start in 2018 is also rooted in its illustrious partnerships, namely with NYFA, the Henley Business School Africa, Pan-Atlantic University in Nigeria, Kenyatta University in Kenya and the University of Zambia in Zambia. MTF also has partnerships with internationally acclaimed organisations Dolby, Jasco Broadcast Solutions and Nihilent.
MTF’s partners have further contributed to the initiative by offering awards to this year’s graduates. The awards and lucky recipients are:
The NYFA 8-week scholarship, which goes to the top performing graduate per region.
This year’s recipients are; Abisola Aboaba (Nigeria), Daisy Masembe (Uganda) and Maira Tauacale (Mozambique).
An 8-week scriptwriting internship on an animation series from global consulting and solutions integration company Nihilent Technologies. The winners are; Julie Ako (Nigeria), Kefa Igilo (Tanzania) and Hilma Sheehama (Namibia).
Jasco Broadcast Solutions will provide one AVID media composer licence to the most-promising film video editor per region. The recipients are Gbenga Gomes (Nigeria), Isiko Abubaker (Uganda) and Abel Ngoma (Zambia). The AVID Pro Tools license for the most-promising sound engineer per region was awarded to Igho Arusi Avuirovarie (Nigeria), Maurice Muendo (Kenya) and Reijhaart Wolhuter (Namibia).
MultiChoice’s platforms will be giving students an amazing opportunity to work at M-Net local productions. Each winner will take part in a 4-week internship on M-Net productions equipping them with the skills they need to tell authentic and original African stories. Well done to Joshua Tsotso (Nigeria), Hanigun Kwenya (Kenya) and Masuzyo Mwale (Zambia).
“This is a proud moment for everyone involved in ensuring that the students became graduates. It’s also been fulfilling to see just how in-tune this next generation of African storytellers are with the importance of being multi-skilled and intuitive creatives,” Mrs Kooma continues “All this would not have been possible without the collaboration and commitment of our fantastic partners.”
The graduates from Zambia include; Abel Ngoma, Kaluba Mayowe, Masuzyo Mwale, Christine Mulemeli, Tasha Chitika, Edward Sakala and Cosmas Ng’andwe.
Congratulations to the Class of 2020 who are now alumni of the exceptional MTF Academy programme. The future of Africa’s creative industries looks bright!