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Win K55 Million on Euro 2020 with betPawa’s PawaPot Jackpot

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THE K55 Million PawaPot Jackpot is new to betPawa, meaning customers can win BIGGER THAN EVER at Euro 2020.

The PawaPot is Zambia’s BIGGEST EVER Jackpot and, even more remarkably, tickets cost just K11.

But it gets better: you can get a FREE PawaPot Jackpot ticket by placing any bet by Tuesday 8th June.

If you take advantage of this offer, your free ticket will be credited on Wednesday 9th June. Just make sure you use it before Euro 2020 starts and the Jackpot closes on Friday 11th June.

How do you play the PawaPot? betPawa have picked out 17 Euro 2020 group stage matches. Predict the results and if you get them all right, you could win K55 Million.

It doesn’t stop there. You will win a cash prize even if up to two of your PawaPot Jackpot predictions are wrong.

The 17 Euro 2020 matches in betPawa’s K55 Million PawaPot Jackpot

These are the 17 matches standing between you and the historic K55 Million prize betPawa are offering. We’ve added some insights about each game to help you make your picks:

Turkey v Italy

After missing the last World Cup, Italy have waited five years for tournament football. They started their last two impressively, beating Belgium 2-0 at Euro 2016 and England 2-1 at World Cup 2014.

Wales v Switzerland

Against opponents ranging from France and Brazil to Romania and Costa Rica, Switzerland drew four of their last six tournament group games. Is that the smart K55 Million PawaPot pick when they face Wales?

Austria v North Macedonia

North Macedonia are one of two debutants at Euro 2020. There were five at Euro 2016. Two played one another in their opening match. The other three started with two defeats and a draw.

Poland v Slovakia

Poland’s star man is striker Robert Lewandowski, but their best work is often at the back. They kept clean sheets in four of their last six competition group ties, and conceded five goals in 10 qualifiers.

France v Germany

France are looking to do what they did in 2000 and stopped Germany from doing in 2016: following World Cup success with Euro glory. However, Germany won their last three Euro openers without conceding.

Turkey v Wales

Turkey boss Senol Gunes first sampled international management in 2000, later reaching the World Cup 2002 semi-finals. Rob Page has only led Wales since November. Could that experience gap be a difference maker?

Denmark v Belgium

Belgium appear to be mastering the mentality of treating every game as a cup final. They were one of three teams to win all their World Cup 2018 group ties and one of two to win all their Euro 2020 qualifiers.

Ukraine v North Macedonia

Ukraine enter Euro 2020 on a rotten run of five straight European Championship defeats without scoring. If it continues in their opener against the Netherlands, North Macedonia will sense an opportunity.

Croatia v Czech Republic

These sides drew 2-2 in the second set of fixtures at Euro 2016. Those were the only group stage points Croatia dropped across that competition and World Cup 2018, beating Spain and Argentina.

Sweden v Slovakia

Sweden have been to every European Championship this century but only escaped their group once (2004). By contrast, Slovakia have qualified for two international competitions in total, yet reached the knockout phase both times.

Portugal v Germany

These nations only meet on the biggest stage, with this their sixth tournament clash this century. Portugal won the first in 2000, but Germany haven’t stumbled since, winning in 2006, 2008, 2012 and 2014.

Switzerland v Turkey

If you’re playing Turkey, you better hope it’s not the final group game of a tournament. They’ve won all four such encounters this century. That’s a staggering improvement on their one win, two draws and five losses across the first and second matches.

Ukraine v Austria

Despite Ukraine’s aforementioned record of five consecutive European Championship defeats without scoring, they have won three tournament matches this century. Austria’s last was in 1990, and they lost five of their last seven.

Russia v Denmark

Will Russia’s recent habit of finishing horribly guide your PawaPot Jackpot pick for this clash of former champions? In 2012, they surrendered a quarter-final place by losing to Greece. In 2016, Wales beat them 3-0.

Croatia v Scotland

We told you Croatia are group stage kings, taking 16 points from a possible 18 across 2016 and 2018. But could Scotland surprise betPawa customers? They’ve faced Croatia five times this century without losing.

Sweden v Poland

The question for K55 Million PawaPot players to consider is the relevance of Sweden’s five-match winning streak over Poland. The last of those five successive Swedish victories was achieved in 2004.

Portugal v France

Your final PawaPot match is a repeat of the Euro 2016 final. Recent history suggests it will be tight. The pair met four times in the last six years, with just two goals in total scored in normal time.

Make your K55 Million PawaPot Jackpot picks now on betPawa

 

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Ndola High Court dismisses UPND petition, to stay the decision by ECZ to ban campaign rallies, describing it capricious and without authority of law

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THE Ndola High Court has dismissed an application by the United Party for National Development (UPND) in which it asked the court to quash the decision by the Electoral Commission of Zambia (ECZ) to ban campaign rallies.

In its petition filed in the Ndola High Court, party secretary general,

Batuke Imenda asked the court to stay the decision by ECZ to ban campaign rallies, describing it capricious and without authority of law.

Mr Imenda also contended that the decision by ECZ not to prescribe the amount of airtime in any given language on public television, radio and electronic media all the participating political parties and independent candidates is illegal.

He further argued that ECZ abrogated its responsibility under television, radio and print media for the benefit of all participating political parties and independent candidates for the forthcoming national polls.

When case came up today, Ndola High Court judge Mary Mulanda dismissed the petition to allow campaign rallies.

Judge Mulanda however granted the party leave to apply for judicial in respect to its demand that public television, radio and electronic media should allocate equal airtime in any given language to all participating political parties and independent candidates.

Judge Mulanda said the decision by ECZ to ban campaign rallies is in the best interest of Zambia and her people.

“It’s not the campaigns that were suspended but the rallies and political parties were advised to use appropriate campaign strategies such as mobile public address  system,  distribution of fliers and other political party materials with minimal or no contact to the crowd. For the reasons stated, I am not satisfied that there is case fit for further investigation at a full inter partes  hearing, according I refuse to grant the applicant leave to apply for judicial review of the first respondent’s decision to ban the campaigns rallies during the campaign period leading up to the general elections scheduled for August 12,” judge Mulanda said.

Meanwhile the judge has granted the party judicial review in which it has argued that the public are not giving equal airtime to all political parties including independents.

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Marcopolo tiles declares dividends to Workers’ Compensation Fund Control Board (WCFCB)

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MARCOPOLO Tiles has declared dividends to Workers’ Compensation Fund Control Board (WCFCB) of K7,200,000.00.
The ceremony took place in the WCFCB Boardroom HQ. WCFCB is a shareholder in Marcopolo tiles. Marcopolo Tiles Acting Managing Director Roy Chisanga Mwamba presented a dummy cheque to WCFCB Commissioner and Chief Executive Officer Mrs Priscilla Bwembya.
In May 2020, the Board positively assessed and resolved to purchase 10 % shares in Marcopolo.
The decision to purchase shareholding in Marcopolo was made in line with the objective of diversifying the investment portfolio to capture value from manufacturing sector of Zambia and in so doing maximize financial returns.

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Can Debt for Nature Swap offer some relief to debt distressed African Economies?

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By Nachilala Nkombo, WWF Zambia Chief Executive Officer

What does 2021 Africa month mean to 1.2 billion Africans seeking a better and secure future amidst the global health pandemic? While the COVID-19 death toll is lowest in the continent of Africa compared to other parts of the world, Africa has to prepare for the worst in terms of the economic and social impacts of Covid-19. African economies are expected to be in a sharp recession as they depend largely on external financial flows from economies that have been hit hardest by Covid-19. Most financial inflows  into the African economy are from tourism and other raw materials it exports  to Europe and Asia such as copper, timber and oil.

Prior to Covid-19, African policy-makers were grappling with two significant challenges; rising poverty and rising  national debts, which have not gone away. According to the World Bank, Africa is the only continent in the world that is seeing a rise in the number of people living with poverty.  The absolute number of people living below the poverty line was estimated to have grown to 433 million Africans in 2018, rising from 284 million in 1990. With Covid-19 now, we expect that the number of people living below poverty will increase and will do so exponentially. With regard to its total debt burden, the total debt stock of the continent stood at over 67% of its GDP in 2020, above the levels of Debt sustainability as guided by the International Monetary Fund(IMF).   For us who care about natural capital, we know that high debts and high poverty represents a bleak future for nature that we must arrest.

Despite Africa’s resources and people having created fortunes for a number of successful multinationals and a few individuals from within and outside Africa, poverty and national debts are rising exponentially. If not well managed, these realities will  halt recovery of Africa’s economy during and post Covid-19. To the fallen Africa independence hero, high poverty and high national debts are not the freedom she or he died for.  Zambia is the poster child for an African country that failed to honour its debt service obligations due to the size of the debt relative to the economy and the Covid-19 induced negative growth rates.

Zambia’s public external debt position as of the end of December 2020 had increased by 9 per cent to US $12.74 billion from US$11.65 billion as of the end of December 2019. Regarding debt service, a total of US $639.68 million was paid to various creditors compared to the US $1,091 million in 2019, a decrease of 41.4 per cent. The significant reduction in external debt service is explained by the debt service suspension granted to Zambia by members of the G20/Paris Club and other private creditors from May to December 2020, under the Debt Service Suspension Initiative (DSSI).

The Zambian Government has equally engaged the International Monetary Fund(IMF) for Extended Credit Support, but the negotiations have protracted, with some analysts reporting that the deal won’t be closed any time soon. Equally, the discussions for debt service suspension with the Euro Bondholders have not yielded any fruit, with the Zambian Government electing not to make the semi-annual bond repayments. Angola and the Republic of Congo have similar levels of indebtedness.

As the debt stress levels continue to increase, innovative financial mechanisms are needed to safeguard a series of African countries from worsening economic, health and environmental circumstances.

Reversing these high poverty rates growing exponentially will be difficult with a huge debt burden, but not impossible to resolve. In addition to the proposals laid out by the G20 countries to re-negotiate debts G20 countries owe the world whose repayments have been made difficult by the Covid-19 induced meltdown of the global economy, Africa, can however capitalise on its natural resources by considering debt settlements instruments that help to restore nature and simultaneously drive a green recovery and create green jobs.

One approach that can achieve these aims is the use of Debt for Nature Swaps. Debt for Nature Swap is a transaction where a country has its debt purchased, renegotiated or forgiven by its creditors (fully or partially) with specific conditions, for example, that savings on debt service are invested in environmental conservation activities (Mathias, et al., 2018). Therefore, the country is freed from the strict debt service payment on one end and invests towards conservation and enacting environmental protection measures on the other end.

 

The concept of Debt for Nature Swaps was first initiated in 1967 by James Goff of the Experimental Conservation Agency with association to the Bidborough Badgers as an opportunity to deal with the problems of developing nation indebtedness and its consequent deleterious effect on the environment (Visser & Mendoza, 1994). Lovejoy (1984) suggested that ameliorating debt and promoting conservation could be a win-win situation for the country and for nature.

Countries that have leveraged the debt-for-nature swaps typically have several threatened or endangered species, experience rapid deforestation, and have relatively stable, often democratic, political systems. Since 1987, Debt-for-Nature agreements have generated over US$1 billion for conservation in developing countries (Sheikh, 2010).

 

Zambia’s failure to agree with its creditors  on a debt service suspension programme represents an opportunity for  a Debt for Nature Swap which it has experience with.  Learning from the past and similarly structured transactions, the Government of Zambia in 1993  established a debt conversion programme that permitted an orderly conversion of external debt owed to its creditors purchased by  many NGOs to restore nature.

In this programme, funded by the World Bank debt buy-back and facilitated by the Debt-for-Development Coalition (a non-profit institution that executed debt-for-nature swaps on behalf of single NGOs), NGOs purchased Zambian debt at 11 per cent. They received a dollar-denominated note worth 16.5 per cent (WWF Report, 2003).

 

Despite being viewed as an innovative financial option to relieve debt distress and achieve environmental and developmental outcomes; Debt-for-Nature swaps have yet garnered worldwide recognition. International observers have raised concerns over the perceived inefficiency of debt-for-nature swaps compared to other financial mechanisms and the potential risks that debt relief deals pose to a developing country’s sovereignty (Didia, 2016).

However, failure to enter into such deals can only make the countries with high levels of debt not only default but also continue with the massive degradation of the environment as they try to find solutions out of a vicious debt trap.

 

In conclusion, Debt for Nature swaps can only really work when the country is at a high risk of defaulting on the debt payments mainly because the debt is bought at a discount. With the Zambian credit rating being low graded and with a record of a default,  it is the right time to look at issuing Debt for Nature swap.

Another issue the Debt for Nature swaps would  address is the significant challenge of attracting more private investment with conservation objectives over the long term and also helping to relieve the country from debt distress aggravated by the impact of Covid-19. Beyond the debt challenge, the Covid-19 pandemic has yet again exposed the weaknesses that characterise most African economies that need urgent transformation.

These  include high vulnerability of Africa’s nature due to high levels of poverty and a  drive for growth;  a high import bill for agriculture and manufactured goods that could have been produced locally that have a huge global carbon footprint,  export of raw materials such as copper, cocoa and unprocessed oil and inadequate financial and trade linkages between African economies.

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Foxdale Forest – Phase 2 Selling

ZAMBIA: COVID-19 STATS

12 Jun 2021, 11:14 AM (GMT)

Zambia Stats

107,974 Total Cases
1,348 Deaths
95,674 Recovered

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