Unifi, one of Zambia’s top personal loan companies, held the fourth annual Unifi Fun Run in Solwezi on the 17th September 2022 at Kapiji Mall. The event, which took place for the first time in two years due to lockdown restrictions, was graced by Northwestern Province Permanent Secretary, Col. Grandson Wishikoti Katambi.
The run attracted over 600 participants from as far as Kalumbila and Lumwana, who battled it out in the 15 km run and 6 km walk/run, with exciting prizes such as TV screens, microwaves, phones, an Edu pad and various back-to-school gift vouchers for kids.
Sponsors such as FQM Trident Limited, ACE Smart Technologies LTD, Liquid Intelligent Technologies, Big Tree Beverages, Solwezi Spring Water, Quattro, Jaids Wholesaling and Retail Trading Ltd, Quattro and Sign Wave Printing Ltd also came out to show their support.
According to Unifi Chief Executive Officer, Mr. Emil Paul: “Our promise is to make life easy, and a stress-free, happy life not only starts with making sound financial decisions, but also with keeping the mind and body healthy. Our decision to host the Solwezi Fun Run was premised on that and it was great to see such a large number of participants come out. We trust our contribution to the community of Solwezi will inspire them to live both physically and financially healthy lives.”
Col. Grandson Wishikoti Katambi commended Unifi for investing in community health programmes and urged residents to continue the trend of pursuing a healthy lifestyle beyond the event.
Unifi has been providing financial services since 2006. They have 35 branches in Zambia and their purpose is to redefine personal credit with innovations that will make life easy for 1 million clients by 2025.
Formally employed persons in the government and private sectors can apply for Unifi’s loans. Unifi believes credit should help people move forward and be there for them when they need it most. That’s why their loans are quick and easy to apply for, pay out fast and offer flexible repayment terms. Visit https://unifi.credit/zm/ for more info.
ERB lowers fuel prices amid Kwacha appreciation
THE Energy Regulation Board (ERB) has announced a downward adjustment in the prices of petrol, diesel, and jet A-I, bringing relief to consumers.
Effective midnight, petrol will be priced at K31.12 per litre, diesel at K28.78 per litre, and jet A-I at K28.23 per litre.
However, the price of kerosene will remain unchanged at K20.44 per litre.
The reduction in the prices have been attributed to the appreciation of the Kwacha which outweighed the increase in international oil prices therefore warranting a reduction in the domestic wholesale and pump prices of petroleum products.
ERB Board chairperson Reynolds Bowa said the price of kerosene has been maintained, adding that the decision on kerosene pricing will be reviewed consistent with the national supply and demand situation.
In a statement, Mr Bowa said over the review period, the Kwacha significantly appreciated against the United States Dollar.
“On average the exchange rate appreciated 14.4 percent. The appreciation was mainly attributed to interest rate hike by the Bank of Zambia (BoZ) and the directive that commercial banks hold back more funds in reserve. Furthermore, BoZ made available additional United States Dollars to the market,” he said.
Mr Bowa said the prices will come into effect at midnight and shall remain in effect until revised by the ERB.
He however said during the month of February the prices of oil on the international market increased.
Mr Bowa said the increase was mainly attributed to supply disruptions arising from geopolitical tensions in the Middle East which led to tightened supply of the commodity.
Meanwhile, the ERB in line with the Energy Policy has developed a bio-fuels pricing framework that will be used on blended fuel.
Mr Bowa said the growth of the biofuel industry will foster security of supply of petroleum products.
“Currently, a pilot phase for bio-ethanol trading has commenced and ERB will give periodic updates on how this programme is unfolding.” he said.
(Mwebantu, Thursday, 29th February, 2024)
ACC nab senior accountant, businessman
A LUSAKA based senior accountant has been arrested by the Anti-Corruption Commission (ACC) alongside a business man for possession of property suspected to be proceeds of crime.
Kasemuka Chiteta, a senior accountant stationed at police headquarters has since been charged with one count of possession of property suspected of being proceeds of crime.
ACC head of corporate communications Timothy Moono said in a statement that Kasemuka Chiteta on dates unknown but between 7th April, 2023 and 12th February 2024 in Lusaka District, concealed possession of a motor vehicle namely Toyota Landcruiser BAD4360 registered under the ownership of Chimuka Chibawe a Lusaka based businessman.
“In a similar development, the ACC has arrested and charged a Lusaka based businessman, Chimuka Chibawe of plot No. 136 C Kalomo road Chilenje” Mr Moono said.
He said Mr Chibawe has been charged with one count of Possession of Property Suspected of Being Proceeds of Crime contrary to Section 71 (1) of the Forfeiture of Proceeds of Crime Act No. 19 of 2010.
“Details of the offence are that, Chimuka Chibawe on dates unknown but between 7th April, 2023 and 12thFebruary 2024 in Lusaka, concealed possession of a motor vehicle namely Toyota Landcruiser BAD4360 registered under his names when the beneficial owner is Mr. Kasemuka Chiteta a Senior Accountant at Police Service Headquarters,” he said.
The pair has since been released on bond pending court appearance.
(Mwebantu, Thursday, 29th February, 2024)
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