Africa News Bulletin

Zambia

Remittance fintech app Minit Money launches money sending to Zambia

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Blockchain remittance app Minit Money has announced that it has opened its first Southern Africa remittance corridor, enabling Zambians living in South Africa to easily and affordably send money home. Speaking from the Africa Fintech Summit in Lusaka, Zambia today, Minit Money Co-founder and CEO Angus Brown said, “We’re delighted to announce the launch of …

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Afreximbank announces the historic issuance of the first-ever multi-border transit bond for Zambia

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Afreximbank announces the historic issuance of the first-ever multi-border transit bond. The US$10 million transit bond issued in favour of Innovate General Insurance (IGI) of Zambia is expected to provide counter guarantees and boost IGI’s capacity to issue bonds to Clearing and Forwarding Agents in Zambia. The Afreximbank African Collaborative Transit Guarantee Scheme (AATGS) was …

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Zambia Withdraws Retirement Benefits from Former President Edgar Lungu.

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Zambia’s Government Strips Ex-President Edgar Lungu of Retirement Benefits. The Zambian government has taken the unprecedented step of revoking retirement benefits and privileges from former President Edgar Lungu after his decision to reenter active politics. Lungu had conceded the presidency to Hakainde Hichilema in 2021, officially announcing his retirement. His return to the political arena …

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Zambia: AfDB Joins Global Partners to Accelerate Lobito Corridor Project

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The African Development Bank (AfDB) has signed a Memorandum of Understanding (MoU) to cooperate with the Africa Finance Corporation (AFC), the European Commission and the governments of Angola, the Democratic Republic of the Congo (DRC), Zambia and the United States (US) in raising funds and mobilizing resources for the implementation of the Lobito Corridor and …

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Afreximbank announces issuance of the first multi-border transit bond in Zambia

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Afreximbank has announced the historic issuance of the first-ever multi-border transit bond. The US$10 million transit bond issued in favour of Innovate General Insurance (IGI) of Zambia is expected to provide counter guarantees and boost IGI’s capacity to issue bonds to Clearing and Forwarding Agents in Zambia. The Afreximbank African Collaborative Transit Guarantee Scheme (AATGS) …

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Zambia: Africa Fintech Summit Announces Flutterwave As Lead Fintech Sponsor For The 10th Anniversary Summit In Lusaka

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The Africa Fintech Summit is proud to announce Flutterwave as the Lead Fintech Sponsor for its highly anticipated 10th-edition summit, set to take place in Lusaka, Zambia, on November 2-3, 2023. This partnership marks a significant milestone for both the Africa Fintech Summit and Flutterwave, showcasing their shared commitment to fostering innovation and growth within …

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Zambia: State Foreign Affairs Minister Addresses United Nations General Assembly On Global Challenges

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On Tuesday, September 26th, 2023, the Minister of Foreign Affairs and International Cooperation, Mr. Stanley Kakubo, took the floor at the United Nations General Assembly to shed light on the concerning interplay of war, economic uncertainty, climate change, and food insecurity. Mr. Kakubo voiced his concern that, while these issues have global ramifications, they disproportionately …

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Zambia: The States Inaugurates Stadium Renovated With Support Of FIFA Forward Funds

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The David Kaunda Stadium in Chipata has undergone extensive renovation with FIFA Forward support (https://www.FIFA.com); Pitch, spectator areas, VIP seating and changing rooms have all been upgraded; Football Association of Zambia President Andrew Kamanga hails “giant step” for the sport in his country. Zambian football has been given a significant boost with the re-opening of …

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Angola, Zambia, DR Congo Rail Project To Up Trade And Spur Clean Energy Sector

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Angola, Zambia and the DRC’s plan to develop a railway line that will connect the three countries will supported by the EU and US. The Lobito Corridor will connect the southern DRC and northwestern Zambia to regional and global trade markets via the Port of Lobito in Angola. The three countries signed the Lobito Corridor …

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