Africa News Bulletin

Zambia

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

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

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

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

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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Zambia: Lupiya Raises $8.25M Series A Round To Grow Neobanking Business

Zambian neobank Lupiya has successfully secured US$8.25 million in Series A funding to scale operations in its home market and in new ones. Founded in 2016, Lupiya works to bridge the financial inclusion gap by offering easy-to-use, technology-driven financial solutions to the unbanked and underbanked populations in Zambia. Its US$8.25 million Series A round was …

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FNB Zambia co-arranges IFC Second Zambezi Bond to support Zambia’s capital markets

First National Bank (FNB) Zambia has participated as co-arranger of the recently issued International Finance Corporation (IFC) Second Zambezi Bond valued at ZMW 193.2 million. The bond was issued to support the development of the country’s domestic capital markets and increase access to local currency financing. IFC, a member of the World Bank Group, is …

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Zambia: President Hakainde Hichilema To Visit China, Seeks To Formalise June Debt Deal

Zambian President Hakainde Hichilema will visit China from Sunday, China’s foreign ministry announced on Friday, bringing the indebted African country’s long-running struggle to restructure its external debt to its biggest creditor’s door. Around two-thirds of the $6.3 billion debt Zambia is in the process of restructuring with its official creditors is owed to the Export-Import …

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Zambia: The State Government To Intensify Monitoring Of Mining Operations

The Zambian government said on Thursday that it will intensify measures to monitor the operations of mining firms to ensure adherence to mining regulations. Paul Kabuswe, minister of mines and minerals development, said there had been rampant flouting of mining regulations in the past due to lax supervision of operations. “One of the mistakes of …

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Zambia: National Coach Grant Preferred ‘Special Character’ Daka To Have Left Leicester City

Zambia coach Avram Grant believes striker Patson Daka should have left Leicester City Football Club in the transfer window. , The 24 year old missed out on a transfer deadline day move to Bournemouth. During the summer transfer window Daka was also linked Roma, Monaco, AC Milan and Everton. He is yet to appear for …

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Zambia: 1,000 Youths Equipped With Entrepreneurship Skills To Boost National Economy

The Possibility practitioners, an entrepreneurship and mentorship organisation, says the growth of the Zambian economy depends entirely on youths that have entrepreneur skills to create jobs for themselves. Possibility practitioners’ Chief Executive Officer, Lloyd Mwiinga, said the future of the Zambian economy can only be transformed through youths that have been empowered with knowledge in …

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