The domestic and COMESA regional platform will be operated out of Dot Com Zambia’s Lusaka and Kitwe offices, while companies will be able to utilize Dot Com Zambia’s warehouses in the UK and USA as a fulfillment center for the global platform. The global platform will include access to major e-commerce platforms like Amazon and eBay as well as wholesale exchanges for manufacturing enterprises seeking to explore opportunities like the African Growth and Opportunity Act (AGOA). The initiative will touch multiple entrepreneurs and businesses so that there are economies of scale and all companies have access to training, logistics solutions, group marketing, business development support and e-commerce business platforms to market and sell their products.
The project to empower local Zambian companies and entrepreneurs through e-commerce is being supported by Private Enterprise Programme Zambia (PEPZ), a five-year programme funded by UK aid from the British Government, that is building and strengthening the capacity of Zambian micro, small and medium enterprises in the private sector. This project will be open to people from all relevant sectors who can benefit from a global e-commerce platform for their trading activities. Women as well as men, manufacturing or selling export quality goods, are being encouraged to take advantage of the opportunity to get involved both in local and international business through the programme. The project has kicked off with local Zambian companies and entrepreneurs being encouraged to apply to participate in the program by contacting Dot Com Zambia at their offices in Lusaka or by going to the following website: www.ebusinesszambia.com
Speaking in Lusaka, Mawano Kambeu, CEO of Dot Com Zambia, said, “The immediate objective of the investment is to work with 50 local Zambian companies, over a period of 12 months, by providing them access to a wider market through technology, and If we can help our local businesses increase their sales, they will increase their capacity and in the process create employment.” Mr. Kambeu further stated, “The long term goal is to create a sustainable revenue generating business platform, with low barriers to entry, that is easily accessible to local Zambian companies to do business at a local and global level through e-commerce.”
Speaking on behalf of PEPZ, Michelle Shinondo, Business Development Services Officer PEPZ said, “Our focus is on encouraging small businesses to use and benefit from e-commerce”. She also mentioned that PEPZ is working with individual companies to help them benefit directly from e-commerce. “We also challenge ourselves and other stakeholders and partners to make e-commerce more inclusive for small firms.” She commended Dot Com Zambia for its tailor-made and timely e-Commerce initiative because enterprises need support from anyone and everyone who has the capacity to loop them in and draw them towards business opportunities that are lucrative and allow their businesses to grow.
Mr. Kambeu concluded his remarks by thanking PEPZ for their support and with an appeal to other stakeholders to support this initiative, inkind and through the donation of resources that can be challenging to access, especially for smaller entrepreneurs, such as banking services, access to capital and access to internet communication. Dot Com Zambia is also reaching out to the business community and well-wishers to help provide kiosk spaces at premium retail locations where some of the best “Made in Zambia” goods can be displayed and sold as a complement to the e-commerce platforms. He states, “If this initiative is supported and local Zambian companies produce quality goods that are readily available locally and internationally, it will help grow the local economy, create jobs and empower Zambian companies and entrepreneurs”.
Dot Com Zambia
30 Manda Hill Road
Olympia Park, Lusaka
Private Enterprise Programme Zambia
5 Katemo Road,
Rhodes Park, Lusaka
Tel: +260 211 259 974
About Dot Com Zambia (www.dczambia.com)
Dot Com Zambia launched by Mawano Kambeu, is a technology company that specializes in e-commerce platforms and logistics for the Zambian market. The platforms include an online shopping mall, personal shopping service & technology services. Operating formally since 2009, Dot Com Zambia is establishing itself as a pioneer in the e-commerce industry in Zambia. Under Mr. Kambeu’s tenure, the company has grown from a one man self-funded $17,000 operation in 2009, to a major technology company with offices and staff in multiple countries around the world including the USA and UK. Dot Com Zambia’s vision is to become and remain a leading African e-commerce company that, through technology backed solutions, facilitates the transaction of products and services between buyers and sellers.
About the Private Enterprise Programme Zambia (firstname.lastname@example.org)
Funded by UK aid, the Private Enterprise Programme Zambia (PEPZ) is a five-year programme that is building and strengthening the capacity of Zambian micro, small and medium enterprises in the private sector. PEPZ works with all types of businesses, from start-up entrepreneurs to established firms, in order help diversify the Zambian economy and to create jobs.
The PEPZ Business Development Services component aims to promote and accelerate the growth of forward-thinking small and medium sized companies by improving their access to effective business development and advisory services. They provide financial assistance to qualified providers of business development practitioners who are seeking to provide quality operational, strategic or training support to small and medium sized firms.
Government Signs MoU with Huawei to Promote Digital Transformation
PRESIDENT Hakainde Hichilema witnessed the signing of a Memorandum of Understanding between the Government of Zambia and Huawei, which will promote the country’s digital transformation.
On 11 September 2023, the Ministry of Technology and Science of Zambia signed a Memorandum of Understanding (MoU) with Huawei to promote digital transformation.
The agreement was signed by Zambia’s Minister of Technology and Science Felix Mutati and Huawei’s Vice President of Southern Africa Region Phil Li, at Huawei’s headquarters in Shenzhen, China. The MoU is aimed at realizing a digitalized future for Zambia by improving ICT infrastructure, promoting the adoption of renewable energy, supporting innovation, and expanding access to reliable and affordable digital services across the country.
On 11 September 2023, Zambian President Hakainde Hichilema gave a speech at the MoU signing ceremony at Huawei’s headquarters in Shenzhen, China.
Speaking at the MoU signing ceremony, President Hichilema stated that, “We recognise the urgent need to rapidly develop our country’s digital platforms as part of our smart economic transformation agenda. We therefore consider Huawei as a reliable partner in this regard, with their innovations and pioneering strength in ICT technologies driven by its heavy R&D investment.” He also congratulated Huawei on its achievements in cultivating Zambia’s ICT talents, “We look forward to working with Huawei even more closely to foster a flourishing ICT ecosystem in Zambia.”
Speaking at the event, Leo Chen, Huawei’s President of Southern Africa Region, stated that the agreement marks a new milestone in the collaboration between the Zambian government and Huawei. He also said that, inspired by the Zambian government’s vision of achieving its Eighth National Development Plan (8NDP), Huawei is fully committed to contributing more to Zambia’s industry digitalization and ICT infrastructure development, especially in rural areas.
Mr. Chen also emphasized the importance of building a flourishing ICT talent ecosystem to underpin the country’s future development. “Huawei is fully behind the Zambian government’s commitment to equip its younger generations with digital skills. Huawei will continuously provide training to young people in Zambia so they can participate in and benefit from the digital economy,” said Chen.
Since establishing its first office in Zambia in 2004, Huawei has been working with partners to provide digital services and build secure and stable ICT infrastructure including data centres and wireless networks such as 4G and 5G. In the MOU, the two parties agreed to promote rural connectivity. Hundreds of villages across Zambia are expected to benefit from it.
“Inclusive connectivity allows the government to deliver better services, businesses to achieve better growth, and people to live better lives. Therefore, we must continue to enhance the inclusiveness of digital infrastructure and digital services, which is one of the key elements of the MoU that we signed today,” said the Minister Mutati.
How to Buy USDT on the TRON network in Zambia
Since their creation and use, cryptocurrencies are known for their volatility. But, amongst the crypto coins that are gaining popularity and tackling the problem of cryptocurrency volatility, Tether was introduced in 2014 and became USDT later on. USDT because it is pegged to the U.S. dollar which does not change much in value.
What is USDT?
USDT is a blockchain-based cryptocurrency whose crypto coins in circulation are backed by an equivalent amount of traditional fiat currencies, like the Dollar, the Euro, or the Japanese Yen, which are held in a designated bank account.
It was specifically designed to bridge the gap between fiat currencies and cryptocurrencies and offer stability, transparency, and minimal transaction charges to users. It is pegged against the U.S. dollar and maintains a 1:1 ratio with the U.S. dollar in terms of value.
Why is USDT useful?
Tether is useful for crypto investors because it offers a way to avoid the extreme volatility of other cryptocurrencies.
Transaction cost: Having USDT (as opposed to the U.S. dollar, Euro or Yen) removes transaction costs and delays that impair trade execution within the crypto market. With the COVID-19 repercussions, banks in Zambia are trying to attract more customers and stay in business though their fees and rates are relatively exorbitant. However, using USDT, Zambians get the opportunity to shy away from the banking fees as well as exchange rate margin that are charged by banks depending on the foreign currency.
Safe Haven Asset: USDT has a value that is designed to be stable over any period. This feature makes it an ideal safe haven asset because, unlike cryptocurrencies like Bitcoin that can fluctuate dramatically in price every day, an individual using stablecoins to store value see no risk of loss, especially because they have full custody of their asset.
Remittance: Cross-border payments and remittances are very real problems that Zambian emigrants face when trying to send money home. A World Bank report argues that Africans have to pay as high as $12 for any $100 sent home. If remittances are a major source of income for most African homes, it will be beneficial to have the cost of the transactions reduced to the advantage of the beneficiary populations.
The good news is that Zambians and other residents now have a safe platform to trade USDT with the ZMW at the best rates. Moreover, USDT on Yellow Card is available on the Tron network (TRC-20) which offers cheaper network fees to transfer your usdt between wallets.
How Do I Buy USDT in Zambia on Yellow Card?
To buy USDT on Yellow Card, follow these steps:
- Sign up for a Yellow Card account
- Fund your wallet with ZMW. You can add money to your wallet using bank transfer, SPENN or Airtel and MTN mobile money. To fund your account with kwacha:
- Tap on Deposit
- Select your preferred payment method
- Entire the desired amount you want to deposit
- Confirm the details of your deposit
- Tap continue then confirm.
- Buy USDT on the TRON network. Just follow the steps below:
- Tap on USDT
- Tap on Trade
- Tap on Buy
- Enter your desired amount
- Tap continue then confirm.
How Do I sell USDT in Zambia on Yellow Card?
You can also sell USDT on Yellow Card. Log in to your account and follow these steps:
- Tap on USDT
- Tap on Trade
- Tap on sell
- Enter your desired amount
- Tap continue
- Tap confirm
Once you have sold your USDT, you can easily withdraw your kwacha to your bank account or through SPENN.
Cryptocurrency enthusiasts in Zambia can trade USDT using Yellow Card services. Escaping the volatility of other cryptocurrencies and protecting your finances against inflation is an opportunity no one should miss.
President Edgar Lungu has assented into law the Cyber Security and Cyber Bill of 2021
PRESIDENT Dr Edgar Chagwa Lungu, assented into law the Cyber Security and Cyber Bill of 2021.
President Lungu signed the Bill into law on Tuesday, 23rd March, 202 1 and hoped the law will bring sanity in the way the internet is used in Zambia.
“This is purely to protect citizens from abuse by people who feel they can do or say whatever they want using the veil of cyberspace. This law is aimed at protecting all Zambians, including those who are against it,” President Lungu said.
The President said the Bill was brought to his office and he scrutinised it before he assented to it.
“l could not have signed it if I was not convinced it is for the good of all Zambians. I have read through and it is perfect, ” he noted.
The objects of the Bill are to—
(a) ensure the provision of cyber security in the Republic;
(b) provide for the protection of persons against cyber crime;
(c) provide for child online protection;
(d) facilitate identification, declaration and protection of critical information infrastructure;
(e) provide for the collection of and preservation of evidence of computer and network related crime;
(f) revise the admission, in criminal matters, of electronic evidence;
(g) provide for registration of cyber security services providers; and (h) provide for matters connected with, or incidental to, the foregoing.
The Bill is now earmarked for printing at Government Printers.
Meanwhile, President Lungu has noted politician Chishimba Kambwili’s apology and accepted it in the true Christian spirit.
The President said what matters is someone’s actions and deeds after one apologises for the wrongs they have done.
This is according to a press statement issued to Mwebantu by Mr. Issac Chipampe, Special Assistant to the President for Press and Public Relations.