Majority of women in Zambia are still financially illiterate-Engwase
Financial Sector Deepening Zambia says only around 27% of women in Zambia are financially literate.
Organisation Executive Director Engwase Mwale noted that although great strides have been made to increase the levels of financial inclusion for women, financial illiteracy still remains a challenge.
She said that according to the 2020 FinScope Survey, around 70 percent of women in Zambia have attained financial inclusion although financial remains very low.
Mrs Mwale observed that financial illiteracy makes it difficult for most women in the country to escape the poverty trap.
She commended the Zambian government for the steps being taken to bring about more inclusive growth as a poverty reduction tool.
Mrs Mwale was speaking in Lusaka on Saturday when she officiated at the launch of a book titled Catching Fire which encourages financial independence and wealth creation.
“Financial Sector Deepening Zambia exists to expand financial inclusion in Zambia for a financially healthy country ending up to contributing to poverty reduction. And when you look at the face of this, the majority we see are women and we know that poverty carries a female face and the majority of these women are in the informal sector,” Mrs Mwale said.
She stated that the book, Catching Fire is a profound contribution to efforts to increase financial literacy in Zambia.
Mrs Mwale also highlighted the importance of savings group as a way of dealing with personal financial growth especially for women.
She gave a personal testimony of how she has been able to build a block of residential flats with proceeds from her savings group.
Mrs Mwale further stressed the need to have women financially secure as a way of fighting gender based violence.
“In most GBV cases, the woman is a victim and she is usually not financially strong and this is why she chooses to stay with the perpetrator than leaving,” she said.
And Catching Fire author Jane Mazimba said her book encourages people to create an aggressive savings culture that will enable them retire early and live a comfortable life.
Ms. Mazimba said the book contains weekly tips on how people could start saving and investing aggressively in order to have a financially stress free future.
Other speakers at the event included Pastor Sean King of Kingdom Church who spoke on High Performance and Patricia Luhanga who is Ms. Mazimba’s personal friend spoke on the importance of execution with James Sakala providing entertainment.
The book launch event was sponsored by Yellow Card, a cryptocurrency exchange that trades in 17 African countries including Zambia.
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Copperbelt Gears Up for Its Inaugural Motor Show: A Vision of Innovation and Opportunity
Copperbelt Province is set to host its first-ever Copperbelt Motor Show, following the success of the Lusaka Motor Show, an event that has been running for the past 11 years. The most recent Lusaka Motor Show took place at East Park Mall Piazza in November 2022, attracting over 60 brands. Beginning this year, the organizers will be expanding their reach by hosting shows in both Copperbelt in May and Lusaka in October.
The Copperbelt Motor Show will be held at the luxurious Garden Court Kitwe Hotel, a property located in the heart of Copperbelt, from May 5th to 7th, 2023. The General Manager of Garden Court Kitwe has expressed excitement about hosting the event, which not only creates a platform for the motor and mining industry but also promotes local tourism. Many exhibitors from Lusaka are expected to attend and participate in the grand event, and the hotel is proud to be a partner in the Copperbelt Motor Show.
As the largest motoring exhibition the Copperbelt has ever seen, the show will feature the latest cars, trucks, buses, bikes, batteries, tyres, lubricants, tracking facilities, spare parts dealers, insurance providers, road safety, mining equipment, and leasing. A section dedicated to classic cars will also be available, catering to automotive enthusiasts and collectors alike.
The show aims to attract a broad audience from across the Copperbelt Province, providing a platform for buyers and sellers to connect directly. Dealers can address their clients’ concerns firsthand and offer tailored solutions. The event also presents an excellent opportunity for procurement heads and directors to compare prices, quality, durability, and other factors of various products, as many brands will be offering exclusive deals and offers.
Director Mr. Bobby Singh has acknowledged the overwhelming response from their followers, with comments describing the event as “history in the making.” This feedback has motivated Singh and his team to create a platform that benefits everyone involved.
The Copperbelt Motor Show is poised to positively impact economic growth by creating jobs, increasing demand, and fostering networking opportunities that can transform into business ventures. As the region prepares for this groundbreaking event, the Copperbelt Motor Show is set to become a staple in the Zambian automotive and mining industries, driving innovation, collaboration, and growth for years to come.
FIFA Women’s World Cup Trophy Tours Zambia. As MultiChoice hosts the prized trophy
THE FIFA Women’s World Cup Trophy has touched down in Zambia as part of the global tour by FIFA as a build-up to the Women’s World Cup games.
The spellbinding journey – which, for the first time, is offering all 32 qualified nations the chance to see Women’s football’s biggest prize up close before the football show kicks off in Australia and New Zealand from 20th July 2023 to 20th August 2023. Zambia is one of the 32 nations that have qualified for the 2023 FIFA Women’s World Cup.
The event to welcome the celebrated trophy was held at MultiChoice Zambia and speaking at the occasion Leah Kooma, Managing Director at MultiChoice Zambia said, “The FIFA Women’s World Cup Trophy tour is in many ways a great initiative for everyone who loves football. It has provided a great chance for football fans, particularly in Zambia, to be close to one of the most iconic symbols in Women’s football”.
She added, “We have the world cup right here, the girls have qualified and just this means the girls stand a chance to bring the cup back to Zambia.”
MultiChoice will carry live all the games of the FIFA Women’s World Cup tournament on your World of Champions, SuperSport both on DStv and GOtv platforms. The live broadcast of the World Cup games will avail many Zambian fans and the rest of the continent an opportunity to watch and follow their favorite game in the comfort of their space.
The trophy tour gives football fans around the participating countries the opportunity to get ready to taste the feeling of the most anticipated sporting event – the 2023 FIFA Women’s World Cup.
The first leg of the FIFA Women’s World Cup Trophy Tour kicked off in Morocco before heading to South Africa and then Zambia. The trophy will conclude its African tour on 26th March in Nigeria before heading to South America.