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Minister calls for AGOA partnerships

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MINISTER of Commerce Trade and Industry Chipoka Mulenga has called for a common voice for African countries in fostering the African Growth and Opportunity Act (AGOA) partnership with the US.

Speaking yesterday on the side-lines of the high-level Ministerial Meeting of the 20th AGOA Forum which is taking place in Johannesburg, South Africa, Mr. Mulenga emphasized on working together for the betterment of Africa.

He stated that it is important for Africa to support each other and stand together as one continent with one goal of transforming its economy through the collaborative efforts of partners such as the US.

“If Africa wants to do business with the rest of the world, we need to work together as one. One country can’t do business on its own. Some countries may be going through different challenges such as sanctions, cultural beliefs, political upheavals, among others but we still need to move in one direction as Africa,” Mr. Mulenga said.

He said President Hakainde Hichilema, who is the Chairperson for Common Market for Eastern and Southern Africa (COMESA), wants Africa to unite and work together because trade and investment play a key role in the promotion of economic development.

He said he is happy that the private sector is taking part at the AGOA forum and the exhibition.

Meanwhile, Zambia’s High Commissioner to South Africa Ms. Mazuba Monze says she is happy that the private sector is also taking part because the AGOA Forum has created an opportunity for the private sector to sell and show what Zambia has to offer.

Ms. Mazuba noted that the private sector helps to create job opportunities, contributes positively to the economy, offers multiple paths for companies to grow, and also helps to improve relationships between stakeholders and contributes to the economic development of the country.

AGOA is a mutually-beneficial trade and investment partnership that benefits both the African eligible countries and the U.S. and has fostered the development of regional value chains among eligible countries, thereby contributing towards enhancing intra-Africa trade and development.

The theme of this year’s Forum is “partnering to build a resilient, sustainable and an inclusive AGOA to support economic development, industrialization, and quality job creation.”

This is according to a statement issued First Secretary Press and Public Relations Zambia High Commission in South Africa Tamara Nyirenda.

(Mwebantu, Saturday, 4th November, 2023)

Business

MultiChoice launches GOtv Stream in Zambia. A new way to experience the best of sports and entertainment!

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NO stranger to bringing entertainment into homes across the nation, MultiChoice is expanding its online offering, by introducing GOtv Stream to GOtv customers across Zambia.

“It is no secret that more and more people are leaning toward streaming services to experience uninterrupted entertainment that’s uninhibited by infomercials and ads. GOtv Stream is just another way MultiChoice Zambia is continuing our trend of upward innovation, as we strive to evolve with our audiences and their viewing needs.”, says Leah Kooma, Managing Director, MultiChoice Zambia

MultiChoice and DStv have already made their presence in the digital space with their online platform – DStv Stream, and now GOtv customers can enjoy the same user-friendly, and personalized streaming at their fingertips. The new feature allows viewers to seamlessly watch their favourite programmes and other content on electronic devices, keeping them connected at any time and from anywhere.

Ms Kooma reiterates that, “You may recall, GOtv was officially launched in Zambia on 5th September 2011, and now with the introduction of GOtv Stream customers will enjoy a great online service. What drives innovation for us, is providing our customers with the content they love, in the way that best suits them. As the home of the best sports and entertainment we will continue to deliver unrivalled value and choice for our customers”.

She adds: “GOtv Stream is an online service that will allow all GOtv customers take a subscription and enjoy our content anywhere and at any time. The launch of GOtv will allow us to expand our online offering and bring more great entertainment closure to the customers”.

Some of the functionality available are; Live TV, TV guide, CatchUp, use on up to four devices, downloading content to devices, and Live Chat. All paid up GOtv customers, with an internet connection can download and use GOtv Stream for free – available on Google Play Store or the Apple App Store.

(Mwebantu, Saturday, 2nd December, 2023)

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Government secures an equity partner for Mopani Copper Mines

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FOLLOWING the ongoing negotiations to revamp operations at Mopani Copper Mines on the Copperbelt, Government has finally secured an equity partner.

The Equity partner being International Resources Holdings (IRH) an affiliate of Abu Dhabi Conglomerate International holding was selected after an extensive process.

The process was undertaken by ZCCM-IH, together with Rose Child and Company, a company based in South Africa.

In carrying out the process of revamping the mine, which started last year in June, the process focussed on assessing Mopani’s balance sheet due to high level indebtedness and also finding a suitable partner for sustainable development.

Announcing the development, Mines and Minerals Development Minister Paul Kabuswe said the selection of an equity partner will help restore life back into Mopani.

“I wish to announce and I am so glad and exited to announce that after extensive and thorough process, Government through the directors of ZCCM-IH have appointed a strategic equity partner for Mopani. The preferred partner selected is International Resource Holding Limited an affiliate of Abu Dhabi Conglomerate International holding company,” he said.

He said the partner selected is expected to inject funds into Mopani to stabilise short term work requirements, completion of the mine projects and unlock its potential.

Mr Kabuswe also stated that the equity partner will also reset the existing relationship with Glencore.

He further added that other details of the development at Mopani will be announced in due course when signing of the deal is being made.

(Mwebantu, Friday, 1st December, 2023)

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Over 30 people trapped after a mine accident in Chingola

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MORE than 30 people are believed to be trapped in an open pit mine in Chingola district on the Copperbelt after a mining accident.

Minister of Home Affairs and Internal Security Jack Mwiimbu said the affected are trapped as a result of earth collapsing and has since asked the nation at large to put the affected in prayer.

Mr Mwiimbu speaking in Parliament said more than 30 people are trapped and the rescue team is on site

“May I just inform the nation that we have a tragedy that is brewing in Chingola where a number of our people have been affected by a collapse of the open pit in Chingola. We have more than 30 people under the rubble and we are struggling to retrieve them. We would like to ask all of us to put our citizens in prayer,” he said.

(Mwebantu, Friday,  1st December,  2023)

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