THE National Association of Savings and Credit Unions (NASCU), the apex organisation for all financial cooperatives in Zambia, today announced the successful implementation and testing of UnionPay International Debit Card.
In 2021, UnionPay International entered into an agreement with NASCU as part of the its Financial Inclusion Program to introduce safe, secure, efficient and transparent electronic systems to help Cooperatives and Credit Union members access their savings, transacting and loan accounts.
The deployed products and services around the UnionPay International solutions shall be availed to all cooperative society members, including savings and village banking groups in alignment with Zambia’s National Financial Inclusion Strategy 2017 to 2022, – which aims to increase financial inclusion from 59 percent to 80 percent – by enabling more people and businesses to access digital payments and formal financial services.
“It is truly exciting to be part of an initiative using the best technology from strategic partners. After various discussions and evaluations, NASCU partnered with UnionPay International as their platform enhances NASCU’s strategy to include all cooperative societies in the drive to digitise cooperative activities and their respective access to cooperative focused financial services and business enabling tools and services.” says Febian Mubuyaeta, Chief Executive Officer of NASCU. “All NASCU’s line of business applications are guided by best practice recommendations from the Registrar of Cooperatives at the Ministry of Small and Medium Enterprise Development. This cost-effective payment platform shall change the way we as co-operators have engaged with each other, developing our communities and enabling our fellow members to empower themselves, with secured savings, affordable loans and a trusted environment to transact.”
NASCU having successfully completed testing of the card products shall commence card issuance to members, focused on developing a modernised and inclusive financial cooperative environment in Zambia. With UnionPay International card products and the additional services, cooperatives will be able to securely operate and deliver products that are competitive with any savings and lending solution on the market.
MultiChoice launches GOtv Stream in Zambia. A new way to experience the best of sports and entertainment!
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)
Government secures an equity partner for Mopani Copper Mines
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)
Over 30 people trapped after a mine accident in Chingola
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)