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.”
Lusaka City Council completes payment of delayed salaries for it’s employees for the month of March, 2022
THE Lusaka City Council (LCC) has said that it has completed payments for delayed salaries for it’s employees for the month of March, 2022.
LCC Public Relations Manager Mwaka Nakweti says however, that salaries for the month of April, 2022 will commence next week.
“The council wishes to inform the media and the general public that it has delayed to pay its workers’ salaries for the month of March and April 2022. However, the salaries for the month of March 2022 have since been paid and by next week the Council will commence payment of Salaries for the Month of April 2022,” she said.
She said that paying of delayed salaries has been made possible through the strategies put in place by the council aimed at raising more revenue while lowering expenditure.
Ms Nakweti says the delays in the payment of salaries among other things has been caused by matters beyond the control of the Local Authority that include the delayed approval of the valuation roll.
“The Local Authority is committed to liquidating the remaining salaries and honoring its obligations as at when they fall due including stabilizing the payment of salaries. Lusaka City Council wishes to appeal to all rate payers and all its esteemed customers to settle their obligations with Local Authority to avoid being inconvenienced by bailiffs,” she said.
(Mwebantu, Friday, May 20th, 2020)
Icon lager revealed as Mosi premium lager, in a bold campaign that sparks public conversation on more appreciation for quality local product.
LAST night, hundreds of event attendees were stunned at the discovery that the newest beer creating a buzz around the country for over two weeks, specifically for its internationally-acclaimed quality and refreshing flavours is our very own Mosi Premium Lager.
At the event dubbed “Icon Lager’s reveal party” guests were dressed in style to officially meet Icon Lager, an Internationally awarded beer that was earlier introduced as a product from one of the world’s most desired locations. As guests enjoyed the premium and refreshing taste of Icon Lager through an experiential beer theatre at the event, they were asked to peel off the Icon label to reveal that the internationally acclaimed beer is actually Mosi Premium Lager.
“We have observed through this campaign that there is some bias towards products with an International label or origin versus our very own quality local products. The campaign, called “Zed Icon” aims to show our consumers that they should look beyond the local label because what matters is on the inside. We therefore hope that Zambians are encouraged to take special pride in the quality of our local products, without prejudice for the local label. Mosi Premium Lager is an iconic Zambian beer and should be celebrated for its top quality especially at home.” Said Michelle Kilpin, Zambian Breweries Managing Director.
Ms Kilpin explained further that “the agenda of this campaign is to generate more public interest and positive perception for local products. Zambia has various top-quality products such as Mosi Premium Lager which we should proudly hold in high esteem.” The Icon Lager campaign demonstrates that the true character of Mosi Premium Lager is indeed on the inside, International award-winning quality and significant national heritage.
Mosi Premium Lager, which is made locally by Zambian brew-masters, using locally sourced ingredients has previously won four Gold International Monde-Selection awards for quality: validating the brand’s status as a Zambian icon and a product of high quality.
Fans of Mosi Premium Lager are invited to stand in solidarity with the bold movement to promote local by joining the online conversation using hashtag #ZedIcon via multiple social media platforms such as Facebook, Twitter and Instagram.
(Mwebantu, Friday, May, 20th, 2022)
Kitwe youth starts business using K50 capital
ILEENDA ILEPYA is a popular local food delicacy found in every corner of the streets of Kitwe.
It is a local delicacy that is prepared on a small oven ,which consists of a brazier placed underneath a pan.
The small oven uses charcoal which is often carried in a bag of the trader who moves around with it in search of potential clients.
The hungarian sausage which is often bought from popular butcheries is placed and prepared on an inbuilt pan of the oven.
30-year-old Hope Makuba says he has been in business for two years and has seen the high demand of the tasty snack by members of the society.
Makuba who started his business in 2019 said the sausage which is cut in small pieces is sold at K1 and is popular among taxi drivers,bus drivers,and other vendors.
He said that the sausage is consumed by both male and female while some of them buy for home consumption.
Makuba said he often makes more money on weekends in places such as bars.
He said his business started with a capital of K50 and has seen his capital increase.
Mukuba said out of the business he has managed to take care of his family.
Makuba said he ventured into the business after he lost his job in a butchery which he worked for.
He said instead of engaging himself into illicit behavior,he decided to start up a business which would keep him busy as well as help him generate income.
Makuba has encouraged youths in the city to try the business for the start up capital is only K50.
“I have seen a lot of in this business because I am now able to even take my children to school, feed my family and pay rentals,” he said.
(Mwebantu, Friday, May, 20th, 2022)