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ATLAS MARA Bank extends K1 Billion relief to customers affected by Covid-19

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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.

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The Power is in your hands, Seamless transactions at your fingertips with LendMePay

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Lendmepay is a self service electronic money wallet platform that is integrated with Visa and Master card as well as third party mobile money, loans and insurance platforms.  Paying bills, sending and receiving money made easy using the LendMePay Mobile App.  Inspired by Simplicity.

Three simple steps to sign up:
1. Download the app
2. Register
3. Add ID to complete KYC registration

Available on Google play and Apple App Store;

https://play.google.com/store/apps/details?id=com.lendmepay.customer

https://apps.apple.com/gb/app/lendmepay/id1524419177

www.lendmepay.com

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ZMA advises Government to re-build the image of the Ministry of Health

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ZAMBIA Medical Association (ZMA) Secretary General Dr. Masiku Phiri has advised the government to re-build the image of the Ministry of Health as a short term measure of mitigating COVID-19.
In a statement, Dr Phiri said doing so will offer variable accountability of the COVID-19 donations as well as bring transparency in procurement processes.
He has also appealed to the citizens to retain their confidence in the health sector.
“In addition to the long-term position papers plus policy guidelines submitted to relevant authorities previously, ZMA would further like to advance the following short-term measures aimed at mitigating the current situation that is on the brink of getting out of hand; Re-build image of the Ministry of Health by offering verifiable accountability of COVID-19 donations and greater transparency in procurement processes,” Dr Phiri said.
“Public confidence in this vital ministry needs to be restored urgently.  ZMA appeals to the general public to retain the much needed confidence in the Health Sector. The ministry must not only be responsible, but must be seen to be responsible in order to lead a collective response.”
He also asked the Government to decentralize COVID-19 treatment by establishing facility preparedness of lower level hospitals including General Hospitals, District Hospitals and First-Level Hospitals in order to control the referral flow and routine screening of the Public.
Dr Phiri further said government must expedite the acquisition of the COVID-19 vaccine and give priority to essential workers and vulnerable population.
He further said there is need to motivate Healthcare workers by awarding them economically reflective COVID-19 incentives, and dismantling the Personal Emoluments owed to them by government.
Meanwhile, Dr Phiri said government should also employ over 5, health care workers including the newly graduates that are currently wasting in skills by idling in communities without jobs.

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Stop requesting personal information from callers, IBA warns broadcasting stations

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THE Independent Broadcasting Authority (IBA) has directed all broadcasting stations in the country to stop requesting their callers to reveal personal information.
In a media statement, Director general Josephine Mapoma said revealing personal information such as National Registration Card numbers whether in part or in full, Full Names and Mobile Numbers, live on air when participating in promotional campaign programmes poses a security risk to callers.
Ms Mapoma said the authority has issued the directive following consultations with the Bank of Zambia.
“The authority hereby directs broadcasting stations to obtain such details from their listeners or viewers, off air in order to avoid public disclosure,” she said.
Ms Mapoma said it is important to note that the disclosure of such detailed personal information on air may provide a ripe environment for fraudsters to perpetuate fraud through impersonation and may erode the gains the country has made in migrating people to a digital economy through digital financial services.
“This statement has been issued in accordance with the provisions of the IBA Act of 2002.All broadcasting stations are expected to comply with the above stated directive,” she said.

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Foxdale Forest – Phase 2 Selling

ZAMBIA: COVID-19 STATS

19 Jan 2021, 2:27 AM (GMT)

Zambia Stats

39,515 Total Cases
578 Deaths
28,066 Recovered

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