Connect with us

Business

Bitcoin Solves Zambia’s Remittance Riddle

Published

on

One of the greatest financial challenges Zambians face is sending money to one another, both within the borders and beyond. Sending money is both costly and slow, and within the increasingly globalized economy more and more zambians are finding it difficult to afford to send and receive money from their family abroad. Fortunately, there is a solution to be found in one of the world’s newest technologies. Just as the internet revolutionized the world before, cryptocurrency and blockchain technology is here to do the same. These massive changes are particularly useful in the case of remittance payments.

The digital currency, Bitcoin, provides low transaction fees and is not operated by a central authority. Bitcoin’s transparent and open-access nature owes its existence to a  public ledger technology known as “Blockchain”. Sending cryptocurrency is low cost, fast, and avoids the middle-man aspect of existing fiat remittance payments. This makes it the perfect solution for nations like Zambia who are struggling to send money to one another. As of this year, the rapidly growing cryptocurrency exchange Yellow Card has expanded to Zambia with the stated goal of bringing “financial freedom for all” to Zambians.

As Yellow Card opens its doors, Zambians can expect to see the benefits and technological growth that the company has created in other countries that it operates in. Yellow Card is particularly keen on becoming an educational source about Bitcoin and blockchain technology, in addition to providing a safe and convenient means of buying, selling, and sending Bitcoin to others and anyone can sign up for free. Yellow Card predicts that Bitcoin adoption and its benefits will be the source of much financial relief for many Zambians. Beyond personal payments, Yellow Card and its Bitcoin offering can be a fantastic solution to facilitate international trade amongst Zambian’s African neighbors.

With Bitcoin’s increasing popularity, it’s clear that many have caught on to its speedy and low-cost solution to financial solutions.  Yellow Card’s founder Chris Maurice added to this saying “Zambia is a beautiful nation with a population that is hungry for technological advancement. Many Zambians are overcharged and underserved when trying to do a very basic task: sending and receiving money. Bitcoin solves that conundrum.”

Download the Yellow Card app for Android

Download the Yellow Card app for iOS

1 Comment

1 Comment

    Leave a Reply

    Your email address will not be published.

    International

    Zambian truck driver who was shot in South Africa dies

    Published

    on

    A 37 year old Zambian Truck driver who was shot at by unidentified people at Beit bridge border in South Africa has died.
    Stephen Nansowa died at a Hospital within Limpompo province where he  was receiving medical treatment for gun shot wounds.
    Zambia’s High Commissioner to South Africa Major General Jackson Miti confirmed the death of Mr. Nansowa.
    He said arrangements were being made by his employers to repatriate his remains to Zambia.
    General Miti has since wished the bereaved family God’s strength during this difficult time.
    Mr. Nansowa was few weeks ago attacked and shot at by suspected criminals while in his truck waiting to be cleared by customs at the border.
    The matter was reported to local Police who instituted investigations but no arrest has been confirmed so far in connection with the attack.
    This is according to a press statement issued by Mrs Naomi Nyawali, First
    Secretary Press and Public Relations at Zambia High Commission in South Africa.

    Continue Reading

    Agriculture

    Zambia is one of the most attractive agricultural investment destination on the African continent, AFGRI says

    Published

    on

    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.

    Continue Reading

    Business

    It’s a WRAP! Congratulations to the MTF Academy Class of 2020

    Published

    on

    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-

    www.multichoicetalentfactory.com

    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!

     

    Continue Reading
    Advertisement
    Advertisement
    Advertisement
    Advertisement

    Foxdale Forest – Phase 2 Selling

    ZAMBIA: COVID-19 STATS

    13 Apr 2021, 3:25 AM (GMT)

    Zambia Stats

    90,064 Total Cases
    1,227 Deaths
    88,077 Recovered

    Mwebantu on Facebook