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Tag: Zambia

IFC appoints Madalo Minofu as country manager for Ethiopia, Malawi and Zambia

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AFRICA – Development finance institution the International Finance Corporation (IFC) has appointed Madalo Minofu as country manager for Ethiopia, Malawi and Zambia. This appointment will strengthen the role of the private sector in energy, telecommunications, manufacturing and agribusiness development to create jobs and opportunities as the region continues its Covid-19 recovery and confronts new economic challenges. Minofu will be based…

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Zambia Development Agency signs MoU with KenInvest to promote investment

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KENYA – The Zambia Development Agency (ZDA) and the Kenya Investment Authority (KenInvest) have signed a five-year Memorandum of Understanding (MoU) aimed at enhancing the cooperation of the two institutions in investment promotion and exchange of investment-related information. Through the MoU the two institutions have established a practical framework for the development of stronger business relations and strengthening of institutional…

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aYo Ghana CEO gets additional role to his title as the company taps into Uganda and Zambia’s market

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AFRICA – African insurtech aYo Holdings, which is 100% owned by telecommunications giant MTN, has handed the chief executive of its Ghana operation an additional role within the aYo Group as it looks to drive rapid growth across the continent. The CEO of aYo Ghana, Francis Gota will now also oversee the group’s business development for Uganda and Zambia. In…

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Fintech Zamlink rebrands to E-Switch following Shareholder exit

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ZAMBIA – Zamlink, a leading provider of electronic transaction management solutions, is rebranding to E-Switch, following its takeover by EFT Corporation. E-Switch, which provides infrastructure to enable electronic transactions between banks and financial institutions in Zambia, gives access to more than 1,000 ATMs on their network countrywide and over 23,000 POS devices, shared mobile banking platforms and other e-payments initiatives.…

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Draper Startup House partners with innovation hub BongoHive to launch in Zambia

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ZAMBIA – Draper Startup House (DSH) has established its first location in Southern Africa in Lusaka, Zambia through a partnership with BongoHive, the country’s first technology and innovation hub. Founded in Singapore in 2018 by Vikram Bharati as Tribe Theory, a hostel concept for digital nomads, Draper Startup House (DSH) has grown into a global network of spaces connected to…

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Air Botswana resumes direct flights to Zambia and Zimbabwe

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BOTSWANA – Air Botswana has announced that it has resumed direct flights from Gaborone to Zimbabwe’s capital Harare and Zambia’s Lusaka, two years after it had stopped them following the Covid-19 pandemic. Air Botswana stopped flights to some countries in April 2020 following the announcement of the coronavirus pandemic, as states took measures to prevent spread of the virus. The…

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Renewable energy trader Africa GreenCo raises US$15m in fresh funding to scale operation in Zambia

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ZAMBIA – Renewable energy trader Africa GreenCo (GreenCo) has raised US$15.5 million from several investors to expand its business. This financing obtained will mainly allow the development of the activities of its Zambian subsidiary GreenCo Power Services. The funding is from Denmark’s Developing Countries Investment Fund (IFU), the European Union (EU)-funded Electrification Financing Initiative (EDFI ElectriFi), and InfraCo Africa, a…

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Fintech Union54 secures US$12m in seed extension led by Tiger Global

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ZAMBIA – Union54, a fintech that issues debit cards, has secured US$12 million in a seed extension round led by Tiger Global. Other investors in this financing round include current investors Vibe Venture Capital and newcomers Earl Grey Capital and Packy Mccormick’s Not Boring Capital. Union54, whose API enables African software businesses to create and maintain debit cards without the…

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Infobip acquires license to operate in Zambia for servicing the SADC region

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ZAMBIA – Infobip, a global cloud communication platform and leader in omnichannel customer engagement, has acquired a Service without Network (National) licence to operate in Zambia, a market that is key to its expansion and servicing of the Southern African Development Community (SADC) region. “Zambia is an exciting market for Infobip, allowing us to service neighbouring countries such as Zimbabwe…

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Chariot, Total Eren to produce 430 MW of solar and wind energy for FQM mining company

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ZAMBIA – British energy company Chariot is joining forces with France’s Total Eren for a new project in Zambia. The two companies will produce 430 MW of solar and wind energy to power the mining facilities of the Canadian company First Quantum Minerals (FQM). The Chariot-Total Eren alliance has re-signed for a renewable energy project for mining operations. The two…

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