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Fully Zambian-owned Betting company “Betta1” officially launched
The first fully Zambian-owned betting company Betta1, was yesterday morning launched in Lusaka at Sarovar Hotel. Betta1’s country manager, Mr. Ray Phiri said in his briefing that Betta1 has been brought to the Zambian people for their enjoyment, money-making, and leisure. He further on went to distinguish how unique the Betta1 platform is from other betting platforms already operating in the country. He said that Betta1 has over 30 sports events, including Formula 1 racing, Ice Hockey, Tennis, Football, and many more.
Mr. Phiri went on to talk about the various games on the platform, from the live clubhouse section with mathematical games that require one to think, to virtual games, slot games, and rare games like Aviator and Rocketman that has recorded a lot of wins from the Zambian people already betting on the platform.
Mr. Phiri emphasized the highest winning bonus of 600% that Betta1 has brought to the Zambian people, explaining why Betta1 decided on that approach; by stating that Betta1’s goal is to bring the most effective, most entertaining, and most profitable solutions to the Zambian people.
Mr. Phiri said that the entire Betta1 interface was created with the Zambian people in mind, and that’s what makes Betta1 a proudly owned Zambian betting company. He concluded by thanking the Zambian government, The Ministry of Finance, and The President of the Republic of Zambia Mr. Hichilema Hakainde for the good policies they have put in place that allow for economic stability and attract investors both locally and internationally, which adds to the country’s economic development.
The other keynote speaker was Betta1’s CEO Mr. Angad Chhabra, who started off by congratulating the Betta1 team and the Zambian people at large for producing what the people are calling the cream de la cream, as well as being the only betting company with its origin from Zambia. Mr. Chhabra praised Zambia’s peaceful environment, and the economic system in place, which makes Zambia a grand destination for investment in Africa.
He further on went to say that the Zambian people can only expect excellence and good service delivery going forward, and the company’s focus is providing jobs for the Zambian youth who are disfranchised and excluded from leadership opportunities. Mr. Chhabra concluded by appreciating all partners and clients who have come on board to partner with Betta1 and welcomes every Zambian over the age of 18 to start betting on the Betta1 platform for an enjoyable, profitable, and lasting betting experience.
Also speaking was Zambian renowned musician Moses Wesley Chibambo, popularly known as Dandy Krazy, who expressed his happiness and excitement to associate with a Zambian-owned betting company that has its core values centered on providing job opportunities for the Zambian youth.
Dandy Krazy went on to say that Betta1 is something extraordinary and exclusively created for the Zambian people to benefit, as people can bet from as low as K1, and stand a chance to win up to a 600% win bonus, which is the highest in the country proudly brought to the Zambian people by a Zambian owned betting company. He further went on to encourage Zambians to register at www.betta1.com and take advantage of the current football season that has just started. He concluded by saying Zambians should stand and bet on Zambian grounds by a fully Zambian-owned betting company.
Transport and Logistics Minister Hon. Frank Tayali gives Yango A Nod
On 31st of July 2022, a Yango delegation led by Ms Kabanda Chewe, the Country Manager for Zambia and Anton Zykov, Yango Head of international government relations projects, was granted an audience with the Minister of Transport and Logistics Hon. Frank Tayali accompanied by Acting Director Planning and Monitoring Mrs. Irene Tembo and Public Relations Officer for the Ministry Mr. Ndubi Mvula. During the courtesy call current changes in legislation and basic topics concerning ride hailing industry regulation were discussed.
The Yango delegation made a comprehensive presentation of its business model in Zambia. Ms Chewe offered to share best practices from across 20 Yango geographies in the field of urban transport. Yango underlined that affordability and digitalisation are very important for sustainable development of modern transport means such as online taxis.
Minister of Transport and Logistics Hon. Frank Tayali noted: “Zambians are enjoying the convenience of Yango, the fact that it provides better service. We see that its presence on the market benefits the creation of new job opportunities with local transport operators which partner with Yango. It gives access to an unprecedented level of earnings for young people. The new regulation will not limit these opportunities”.
Yango hopes that the new statutory instrument will give online taxis an affordable, simple, and fully digital way to continue operating but also allow the government to get its stipend from the rapidly expanding ride-hail sector.
Discussing the business model of Yango, Ms Chewe emphasized a fundamental difference between electronic platforms such as Yango and transport operators: “Yango is an electronic platform, a smart solution for connecting local Zambian transport operators and their clients. We work only with local independent partners – Zambian transport providers who aggregate drivers or have their own fleet.”
Another important topic raised during the meeting was price regulation. Ms Chewe noted: “There is a big change that happens on the market with Yango, the international business, launch. Due to fare competition that benefits all parties, for the first time in the history of the country, taxi rides become more accessible to everyone, which increases mobility and promotes economic growth. For further development and growth of the local market the government should not regulate prices artificially.”
Yango, an international informational service for ordering rides online was launched in Zambia in 2022 on March 29. Today it successfully operates in Lusaka helping facilitate a digital platform for local partners that provide affordable transportation for thousands of passengers every day. Yango has been operating mobility and delivery businesses in 20 countries across Europe, Central Asia, the Middle East and Africa since 2011.