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Bitcoin Solves Zambia’s Remittance Riddle

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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

Business

Zamtel revamps Cheza4Eva, introduces affordable All Network Offers

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ZAMTEL has today announced that it has relaunched the all popular Cheza 4Eva package that will now allow its customers to enjoy affordable All Network calling and data packs.

Cheza4Eva minutes are now available for ALL-NETWORK calls making it possible for Zamtel customers with Cheza4Eva minutes to make both on-net and off-net calls under this exciting offer.

With all the Cheza4Eva voice packages now having ALL-NETWORK calling minutes, customers can now enjoy non-stop calling at any time of day plus data allocations of up to 22GB with a validity period of up to one month.

Announcing the new offer, Zamtel Acting Chief Commercial Officer Keith Banda said Cheza 4Eva is in line with the company’s One Zambia, One Nation, One Network campaign which encourages the spirit of togetherness among Zambians.

Mr Banda said through the revamped Cheza4Eva, Zamtel customers will now be able to call other networks at more affordable rates which helps unite families and increase connectivity.

“In line with the campaign theme of One Zambia, One Nation, One Network, we are encouraging families and friends to stay connected using the Zamtel network by calling other networks more affordably. We have also added exciting data packs on Cheza4Eva offers to further encourage digital connectivity,” Mr Banda added.

He said as a customer-centric organization, Zamtel will continue rolling out packages that respond to the needs of the customer by delivering more personalized offers such as Cheza4Eva.

“With this revamped offer, we are helping our subscribers to plan and accommodate their usage that fits into their lifestyles and budget and this is particularly good for businesses especially the SMEs,” he said.

Cheza4Eva offers are accessible on the short code *422# under option 2.

This is according to a statement issued by Zamtel Corporate Communications Manager Changwe Kabwe.

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Business

Dr. Situmbeko Musokotwane, to present National Budget Next Week Friday

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FINANCE and National Planning Minister Situmbeko Musokotwane says the 2022 National Budget will be presented to Parliament next week Friday.

Dr Musokotwane made the announcement in Lusaka yesterday , during a wrapup budget consultative meeting with various stakeholders.

He told the meeting that the new administration has set poverty reduction, employment creation, and creation of a conducive environment for investment in all sectors as some of the priority areas.

And the stakeholders who attended the consultative meeting and made submissions are Zambia Chamber of Mines, Zambia Association of Manufacturers, Zambia Association of Chambers of Commerce and
Industry, Bankers Association of Zambia, Truckers Association of
Zambia, Indaba Agriculture Policy and Research Institute, Center for
Trade Policy and Dialogue, and Caritas Zambia.

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Agriculture

The distribution of the farm inputs for the 2021-2022 farming season starts tomorrow, says President Hakainde Hichilema

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PRESIDENT  Hakainde Hichilema has announced that the distribution of the farm inputs for the 2021-2022 farming season to all farmers across the country will start tomorrow the 18th of October, 2021.

And the Head of State has appealed to traditional leaders across the Country to avoid selling land to foreigners at the expense of Zambians.

In his Facebook post,President Hichilema has assured farmers across the country that they will receive their fertilizer tomorrow.

“This afternoon we held a meeting with His Royal Highness, Chief Liteta of the Lenje speaking people in Central Province.

During the meeting, through His royal highness, we appealed to all traditional leaders across the Country to avoid selling land to foreigners at the expense of you, Zambians,” he said.

He said land as a matter of ownership and empowerment, must first be given to Zambians and Zambians first and that those Zambians without capital and out of their own volition can get into joint ventures with citizens from other countries.

The Head of State said in order to ensure that service delivery is prompt, more funding for constituencies will be allocated and for the first time in the history of the country, local people will be deciding on how to use the funds as this will help curtail corruption that has been unprecedented at National level.

“And later we thanked the people of Liteta for voting for us but also stated that we are aware  of the people’s hopes in us and that come this December, the current budget will be shut and ours will begin in January, 2022 and once we start using our own budget, all Zambians will start seeing the benefits of voting for change,” President Hichilema said.

He said government understand the challenges that the Agriculture is facing which were mainly induced by the previous regime’s awarding of Fertilizer contracts to suppliers for two years without due diligence.

President  Hichilema said his administration is but on track and will ensure that agriculture sector does not die in the Country.

“Dear Zambians. Take your pens and notebooks and start taking down what we are delivering as per our vision.

So far, we have kicked out caderism and this led to freedoms in public places with only a few cases of not accepting change remaining currently but we will manage this. It is a process and let’s all get involved and get it solved,” he said.

He has further urged people of Chisamba to vote for UPND Council Chairperson candidate Fred Choongo.

(Picture by Chellah Tukuta/State House)

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Foxdale Forest – Phase 2 Selling

ZAMBIA: COVID-19 STATS

23 Oct 2021, 2:39 AM (GMT)

Zambia Stats

209,610 Total Cases
3,658 Deaths
205,768 Recovered

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