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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

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Mbasela Nafuti Pa GOtv

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GOtv gives customers a surprise gift where customers get an Upgrade on their subscriptions. From 25th January 2023 to 31st March, 2023, GOtv customers who pay or renew their GOtv Subscriptions will be upgraded to a higher package at no extra cost! That’s right pay now and enjoy a higher package for FREE!

What better way to celebrate loyal customers than with this amazing gift? GOtv is giving customers a chance to step up their 2023 entertainment experience at no extra cost.

Here is how it works: all customers currently on the GOtv Value bouquets will get an upgrade to GOtv Plus, while GOtv Plus customers will be bumped up to GOtv Max – everyone gets to enjoy bumped-up entertainment.

Meanwhile, GOtv Max customers will automatically get boosted to GOtv Supa where they will enjoy new seasons of Uncle Limbani, Date My Family, Mungoma and Wanilata on Zambezi Magic.

Active, new and returning GOtv customers can take advantage of this offer to sample entertainment available on higher packages by just paying for their subscription. New customers and those currently disconnected can connect or signup during the offer period to benefit.

GOtv customers will enjoy the benefits of superior entertainment offerings packed with world-class live sports, proudly local content, fun kids’ shows, captivating telenovelas and international movies.

Pay for your subscription and have yourself a Mbasela Nafuti pa GOtv.

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A former ZRA accounts assistant slapped three years imprisonment for stealing over K170,000

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THE Economic and Financial Crimes Court has convicted and sentenced a former Zambia Revenue Authority (ZRA) accounts assistant, Sami Sami to three years imprisonment with hard labour.

Magistrate Faides Hamaundu entered a statutory judgment and ordered the convict Sami to pay Zambia Revenue Authority the money that he had stolen.

Sami aged 43 was convicted on 18 counts of the offence of Theft by Public Servant contrary to section 277 of the Penal Code Chapter 87 of the Laws of Zambia.

The court heard that Sami an account assistant at ZRA on dates unknown but between the 16th day of August 2018 and the 31st day of July,2019, being a person employed in the Public Service namely ZRA stole K174,566.59 cash which came into his possession by virtue of his employment.

And ZRA has sternly warned its members of staff that there are no sacred cows as any officers found wanting will be prosecuted to the fullest extent permitted by law.

(Mwebantu, Wednesday, 25th January, 2023)

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ZRA dismisses fake social recruitment post.

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THE Zambia Revenue Authority (ZRA) has dismissed reports circulating on social media platforms purporting that the authority has advertised for jobs.

ZRA Corporate Communications Manager Oliver Nzala said the social media reports are fake adding the general public should not be duped by unscrupulous people who are forging and coming up with fake ZRA documents in order to swindle unsuspecting people.

Mr Nzala said the fake recruitment adverts are a concern to the authority because some members of the public who are desperate for employment get swindled.

He urged the public  to be on high alert concerning the scam, saying the unscrupulous people should be reported to the nearest police station or any ZRA office.

Mr Nzala also dispelled reports that the authority had set up a trust fund.

“The ZRA would like to warn and urge members of the public to strongly ignore and treat social media posts circulating, purporting that there is a Zambia Revenue Support Trust Fund Program and that the Authority has advertised for jobs, as fake. We have noted with great concern fake recruitment adverts circulating on social media purporting to have been issued by the ZRA. This is a big concern for the Authority because some members of the public who are desperate for employment get swindled,”he said.

He said ZRA’s recruitment process is anchored on core values of transparency, professionalism and integrity.

Mr Nzala said that ZRA advertises job vacancies on their website and in the print media.

He said in the past the authority has received cases from some being swindled of hard-earned cash by unscrupulous people purporting to be recruitment agents for ZRA.

He explained the swindlers send fake messages inviting the unsuspecting general public to attend interviews or assessment tests, conduct police clearance, undergo medical examinations and report for work.

(Mwebantu, Sunday, 22nd January, 2023)

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ZAMBIA: COVID-19 STATS

01 Feb 2023, 8:46 AM (GMT)

Zambia Stats

340,763 Total Cases
4,047 Deaths
335,104 Recovered

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