Fish distributor Lake Harvest Zambia introduces mobile payment option in its outlets

ZAMBIA – Cellulant, a leading Pan-African payments company, has partnered with one of Zambia’s leading fish distributors, Lake Harvest to enable mobile payments in all their outlets through the Tingg one-stop digital payment platform. As consumer purchasing habits evolve, Lake Harvest has placed importance on accepting all forms of mobile money to give its customers a seamless payment experience. Lake Harvest highlighted that this was necessitated by demand from their customers who kept requesting easier ways to pay for their goods that didn’t involve the hassle of withdrawing cash from…

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Airtel Money launches virtual payment solution in Zambia to improve e-commerce payments

ZAMBIA – Airtel Money, a telecommunication company, has launched the Airtel Money Mastercard virtual payment solution in Zambia, to improve e-commerce payments in the country. The Airtel Money Mastercard will Airtel Money customers in the country, even those without a bank account, to make global e-commerce payments safely and securely, underpinned by a growing demand for digital payments. This forms part of Airtel Africa’s strategic partnership with Mastercard to give over 100 million Airtel Africa mobile phone users across 14 African countries access to Mastercard’s global network. The virtual (non-plastic,…

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Zambian fintech startup Union54 closes US$3m seed funding

ZAMBIA – Fintech startup, Union54, has received another investment from Tiger Global, a leading venture capital firm. The US$3 million seed round, which was led by Tiger Global, is coming just two months after the startup graduated from the summer batch of Y Combinator’s program. Participants in the round include Ace & Company, Vibe VC, Todd & Rahul Angel Fund, and Runa Capital, a San Francisco-based venture capital firm. Union54 also received cheques from angel investors like Chief Executive Officer of Kuda Bank, Babs Ogundeyi; Wise’s former director of SMB Growth,…

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Fintech company Digital PayGo partners Mastercard to launch mobile payment solutions for SMEs

ZAMBIA – Digital PayGo, a Zambian-based fintech company, has partnered with Mastercard to launch a new merchant mobile payments solution for SMEs in the country. Known as “SME-in-a-Box”, the solution will enable the SMEs to safely make and receive digital payments through various online channels. It will support the enablement of digital payments for merchants and their customers, by providing them with a convenient, easy-to-use, and safe way to perform cashless transactions from their mobile devices. Backed by Mastercard’s payment technology, SME-in-a-Box enables digital transactions through the use of a…

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Smallholder farmers, rural cooperatives secure US$34m from Zanaco to accelerate investment

ZAMBIA – Smallholder farmers and rural cooperatives across Zambia will benefit from a new €30 million (US$34.81m) initiative from Zanaco and Team Europe to accelerate agricultural investment launched in Lusaka and Luxembourg. The new initiative will improve agricultural productivity, upgrade agricultural processing, and support a sector severely impacted by COVID-19 challenges and is supported by a best-practice assistance program. The financing scheme will be managed by Zanaco and is backed by the European Union and European Investment Bank, as part of the broader Team Europe support for sustainable commercialisation of…

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Zambia Airways to commence operations from September 30, 2021

ZAMBIA – Zambia Airways is set to commence operations from September 30, 2021, having been in the works since late 2018 but has been delayed due to regulatory hurdles and later the Covid-19 pandemic. Zambia Airways will initially operate domestic flights to Livingstone, Ndola and Solwezi, using two Bombardier Q400s and regional flights to Johannesburg and Harare, using a B737-800. The airline will launch local and regional routes, at the new Terminal 2 at Lusaka Kenneth Kaunda International Airport and the new Ndola Copperbelt Airport. Zambia Airways is a joint…

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Qatar Airways debuts Harare-Lusaka route

ZIMBABWE – Qatar Airways has launched its first flight to Harare and Lusaka bringing connectivity and enhancing trade between the Southern Africa region and the Middle East The three-times a week Harare service will be operated by the airline’s state-of-the-art Boeing 787 Dreamliner featuring 22 seats in Business Class seats and 232 seats in Economy Class. Businesses and traders are set to benefit from the airline’s cargo offering carrying more than 30 tonnes of cargo per week. Qatar Airways group chief executive Akbar Al Baker said the coming in of…

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Zambia commissions 150MW Kafue hydroelectric power plant

ZAMBIA – Chinese company Sinohydro has commissioned the first 150MW unit of the Kafue hydroelectric power station and eventually add 750 MW of power to Zambia’s national grid. The Kafue hydropower project is being implemented by Sinohydro, about 50 kilometers south of Lusaka. The Chinese company has built an earth and rockfill dam with a concrete spillway with four radial gates on the Kafue River, a tributary of the Zambezi River. The dam is 139 meters high with a crest width of between 8 and 10 meters and a length…

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Cellulant introduces digital payments platform Tingg in Zambia

ZAMBIA – In a bid to foster growth for both the formal and informal sector in Zambia, Pan-African payments business Cellulant has rolled out Tingg, a digital payments platform enabling businesses and their consumers to accept and make payments seamlessly. Payment technology over the years has completely transformed how retailers operate as approximately thirty years ago, most retailers across Africa did not accept credit cards, and mobile money was still an idea but over the past decade and a half, mobile money has transformed how African consumers access and use…

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Zambia signs MoU with REEEP to improve rural electrification efforts

ZAMBIA – The Rural Electrification Authority of Zambia and the Renewable Energy & Energy Efficiency Partnership have signed a Memorandum of Understanding to monitor and support the country’s electrification efforts through data collection and analysis. The MoU outlines a joint effort to leverage the Edison data platform that was originally developed to monitor and support Zambia’s broader electrification efforts with advanced data collection and analysis on behalf of the Rural Electrification Authority (REA). The move underscores both organizations’ commitment to promoting and engendering access to modern, clean energy for rural…

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