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Alexander Chikwanda explains Kwacha appreciation

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THE Kwacha has continued to appreciate against major convertible currencies because the markets are expecting the Patriotic Front (PF) to continue in government after the August 12 general elections, former Finance Minister Alexander Chikwanda has said.

Mr Chikwanda has dismissed with contempt assertions by United Party for National Development (UPND) leader Hakainde Hichilema who has attributed the appreciation of the Kwacha to himself and his party.

He said the markets and investors are expecting the PF government to continue governing hence has creating confidence of continuity of good policies, resulting in the appreciation of the Kwacha.

Mr Hichilema who has in the past claimed that the Kwacha would continue to depreciate and only gain if his party formed government has made an economically strange claim that the Kwacha has been appreciating because the markets were expecting regime change.

Mr Hichilema has flamboyantly attributed the appreciation of the Kwacha to himself claiming that there would be a change of government in the next 18 days hence the the ability of the Zambian currency to gain strength.

But Mr Chikwanda who is PF Central Committee member has rubbished Mr Hichilema’s wild claims, stating that as a matter of fact, the markets were expecting continuity of the PF in government resulting in the Kwacha becoming the world’s best performing currency.
Mr Chikwanda stated that there were clear economic fundamentals such as the over-subscribing of the Treasury Bills and the high copper prices which are currently at US$9,521 per metric tonne which had made the Kwacha to start appreciating.

He explained that the strong recovery in copper prices to the current level of US$9,521 per metric tonne from as low as US$4,745 last year had contributed to sustained strong export earnings for the country.

“The Kwacha is gaining because the markets are expecting continuity. The markets have confidence that the PF will continue in Government and that is why the Kwacha is on a sustained path of appreciation. It is not about Mr Hakainde Hichilema’s wild claims that the markets are expecting change of government. That claim should be dismissed with the contempt it deserves,” Mr Chikwanda said.

He further attributed the appreciation of the Kwacha to government’s minimized participation in the Treasury bill.
He said the Treasury Bills have so far been over-subscribed by about 116 percent.

He said the Kwacha would continue to be bullish because foreigners coming to Zambia did not have the local currency and were therefore forced to offload the dollar on the market to access the Kwacha.

Business

MultiChoice Zambia Hosts Second Epic Media Showcase, Shares Thrilling Content 

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THE rest of the year is stacked to the brim with some of the most exciting and appealing television content for viewers as MultiChoice Zambia yet again, has unpacked an impressive content lineup at the second annual media showcase hosted in Lusaka, under the theme ‘Local Stories, Worldwide Appeal’.

The classic media showcase which embraced Afro-centric glamour, highlighted MultiChoice’s new product offerings, technological innovations and local content that tells Africa’s stories. MultiChoice’s investment in local content stories is a differentiator which has reinforced MultiChoice’s brand industry dominance as Africa’s most-loved storyteller.

“MultiChoice believes in telling African stories that touch lives, celebrate our continent and are relatable with our audience. This is why we continue to make the investment in local content and channels a priority to add value not only to our customers but to also grow Africa’s video content industry,” remarked Leah Kooma, Managing Director at MultiChoice Zambia.

She added: “Over the past 25 years, MultiChoice Zambia has become Zambia’s most loved storyteller by making extensive investments in the development of original programming. In the last 5 years, we have launched local channels and produced local programming through our Zambezi Magic and OneZed channels”.

The event, which was held at the Quorum, attracted special guests, filmmakers, influencers, artists, journalists and creative industry leaders. The attendants both physical and virtual were taken on a MultiChoice Zambia journey through the past, present and future of the company’s investments.

Speaking when he gave a highlight of local content, Chikombo Handahu, Head of Marketing, MultiChoice Zambia said there was interesting content that viewers should look forward to, “Every time we hit your screen, its pure magic, the intrigue and drama is spellbinding, the fun and laughter, warms your hearts.”

During the event, it was revealed viewers should look forward to brand new seasons and fresh new content from Zambezi Magic and One Zed, like Makofi which comes back in November, the fun and not so fun adventures of single life on Amooye which comes back in January 2022 and the growing tantrums, mischiefs and laughter in Mpali.

In October, viewers will be treated to the spellbinding drama such as secrets, betrayal, greed and love are exposed as a family fights for control of a music empire in Mungoma. And Belinda is Back with full force plans for Shi Mumbi to leave Bana Mumbi.

For romantic and fancy grand gestures of love the relationship-based reality shows like Yes! Ndio Beeni and Our Perfect Wedding the remix will keep viewers on their seats on Honey TV.

“As Africa’s most loved storyteller, we continue to bring our customers the best of local content on Zambezi Magic and ONE Zed with hit TV shows like Tuvwange, My Kitchen Party, Uncle Limbani, Ubuntu season 3 which just started, Mungoma season two , Security Guard , Land lady Meets Landlord and we are counting down to the new seasons of Amooye, Makofi, Shi Mumbi and many more exciting shows.”

On sports, Mrs Mwelwa said: “We continue to bring our customers the best of Local Football with new season of Bola Ya Pa Zed that just started. We will also continue to bring viewers the best of international football through Serie A, LALIGA, FA Cup, English Premier League, UEFA Champions League as well as the Scottish league”.

Among the list of achievements highlighted was the MultiChoice Talent Factory (MTF), a MultiChoice Corporate Social Investment flagship. This year, the MTF Academy as part of the Class of 2022 commences, after a 6-week selection process across 13 African countries, 60 aspiring filmmakers representing East Africa, Southern Africa and West Africa will begin their 12-month training programme at the MTF Academies in October this year.

“As we continue to celebrate great content together and enrich lives, we would like to reaffirm our commitment to the Zambian people to remain Zambia’s most loved storyteller and we have no doubt that together we will continue to build the Zambian film industry,” concluded Mrs Kooma.

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Business

BetPawa launches ‘Dream Maker’ Campaign

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BetPawa Zambia, a leading online sports betting company, has launched a campaign dubbed dream maker aimed at giving back to the Zambian people who tremendously support the business.

The campaign is aimed at helping people’s dreams come true.

This initiative was communicated last Saturday at Waterfalls Mall by the newly unveiled betPawa Africa Brand Ambassador Oluwatosin Ajibade, popularly known Mr. Eazi, who also handed over a brand new Toyota Rush worth over $32,000 to David Mulenga, the winner of the August EPL campaign.

Speaking at the launch, Mr. Eazi said the Dream Maker campaign involves cash giveaways to lucky winners to make their dreams come true.

He said people can spot the Dream Maker bus and register their dreams with one of the ambassadors and stand a chance of having betPawa sponsoring their dream.

betPawa will sponsor dreams of between K10,000 and K1,800,000.00 for the deserving winners.

The campaign will run this September, during which the bus will tour major towns in Zambia.

Speaking at the same event, betPawa Zambia Country Marketing Coordinator Davy Mvula said the betting company was excited to have Mr. Eazi in Zambia as their brand ambassador who also gave away the Toyota Rush.

Mr Mvula encouraged Zambians to register their dreams with the Dream Maker ambassadors and stand a chance to realise their dreams.

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UPND appoints, Stafford Mulusa, as Government Chief Whip in Parliament

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THE UPND in parliament has appointed Stafford Mulusa as Government Chief Whip and Princess Kasune as Deputy Government Chief Whip.

And the Opposition PF has also appointed Brian Mundubile as Leader of the Opposition and Stephen Kampyongo as its Party Whip.

This is according to a press statement issued by Speaker of the National Assembly Madam Nelly Mutti as circulated by the National Assembly.

“Hon Members, I wish to inform the House that the United Party for National Development has appointed Mr Stafford Mulusa, MP, as Government Chief Whip and Ms Princess Kasune, MP, as Deputy Government Chief Whip,” Madam Speaker said.

“Similarly, the Patriotic Front Party has appointed Mr Brian Mundubile, MP, asLeader of the Opposition and Mr Stephen Kampyongo, MP, as its Party Whip.”

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Foxdale Forest – Phase 2 Selling

ZAMBIA: COVID-19 STATS

20 Sep 2021, 4:58 AM (GMT)

Zambia Stats

208,469 Total Cases
3,638 Deaths
204,161 Recovered

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