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The 2025 Bloomberg Africa Business Media Innovators (#AMBI2025) event, held in Zambia’s Tourist Capital, Livingstone, at the Radisson Blu Hotel, attracted several industry professionals from across Africa who shared knowledge and discussed solutions to the major disruptions faced by the media industry in Africa.

The event was held from 8th June to 10 June and saw Global partners, public officials and was graced by Bloomberg co-founder and editor Emeritus – Mathew Winkler, the Minister of Finance of Zambia Dr. Situmbeko Musokotwane and distinguished industry players and panelists for the various themed discussions.

The lively discussions were stared by the state of play in the media industry in Africa, key priorities for Africa Media including; attracting critically needed capital to the continent’s Media industry, harnessing the potential of digital disruption and Al and the development of new models of monetization that financially support the business of the media while protecting the integrity of independent journalism among other cross cutting topics.

Dr. Situmbeko Musokotwane, who represented the Zambian government recognized the importance of the event to the media industry, noting the crucial importance of the media in supporting the country’s economic and social ambitions.

“We are delighted that Bloomberg and the media organisations are hosting this event in Zambia. There is a lot that we share. As a government, our main focus is about addressing an African priority: youth employment. If we don’t address it quickly, it becomes the seed for social and political instability and growth comes from investment and for investment to take place, part of the job is knowledge sharing which is a critical role that the media needs to continue to play”, said Dr. Musokotwane.

However, speaking at the same event Co- Founder of Bloomberg News and Editor-In- Chief-Emeritus Matthew Winkler called for optimism by independent media houses across the continent despite the economic and challenges being faced.

“Africa’s fintech and digital business models exemplify the continent’s entrepreneurial capabilities. Groundbreaking enterprises are driving change and setting new benchmarks for media excellence. As we reflect on these achievements, we must also identify the investments and strategies that will power the next decade of media in Africa.” said Winkler.

During the panel discussion on the “state of play in African Media, Zambian Business Times – ZBT Managing Director Donald Mumba stated that the media environment in Africa and Zambia holds vast opportunities and remains largely untapped.

Mumba told the gathering that the ZBT has been able to take advantage of the digital and demographics in Africa and Zambia to attain a reach of over 2 million people a month.

He further stated that the Zambian Business Times has also been able to aggressively grow its subscriber base to over 70k by utilizing bulk subscription drives through business and professional member organizations.

The Zambian Business Times – ZBT was privileged to be the only Zambian Media organisation offered the opportunity to contribute as a panelist at the exclusive and invitation only Africa Business Media Innovators 2025 #ABMI2025 event.

The 2025 Bloomberg Africa Business Media Innovators

With jaw-droppingly beautiful scenery, unparalleled wildlife, colourful people and rich cultural traditions, is it any surprise that the soils of Africa have nourished a growing film industry that is set to become a dominant employer and economic contributor in the future?

According to UNESCO, the African film and audiovisual industries currently employ around 5 million people and account for US$5 billion in GDP across the continent. Given Africa’s unique offerings, well suited to film production, UNESCO says the sector has the potential to create more than 20 million jobs and contribute US$20 billion to the continent’s combined GDP.

But there is a thorn in the side of this sector, that if left unchecked will fester and cause its ultimate demise. That thorn is content piracy – the illegal recording and distribution of original African video content.

UNESCO estimates that the continent’s creative sector loses US$1.5 billion annually to piracy. Two of the biggest film markets, Nigeria and South Africa, suffer annual losses of around US$3 billion and US$321 million respectively.

African content value system

Zimbabwean filmmaker and actor, Ben Mahaka, who has been victim to piracy, says the starting point for this should not necessarily be the pirates, but the consumers of pirated content.

“Africans need to understand the value of their own cultural heritage, and must value themselves first. If we don’t have that, we won’t have the strength to pull out those stories and share them with the world. Authenticity is key to maintaining and infusing value in our stories.

“So we need to take a step back, accept who we are and then move forward from there. That means taking off the wigs, losing the mannerisms and the accents, and stop trying to be something that we’re not. We should not be ashamed to shout about where we come from. Our origins are villages, and we should celebrate that,” he says.

When communities are proud of their stories, and their cultural and creative heritage, they want to protect that. Original African content then has an inherent value. When such a value system is created, consumers are less likely to want to support pirates over producers.

Dr Gopolang Ditlhokwa, film and television lecturer at the University of Botswana, says safeguarding our cultural stories and ancient wisdom requires us to rethink what it means to own, transmit and protect knowledge.

“Too often, we treat piracy as a surface-level problem of access and theft. But it is far more structural, as it speaks to the way we have failed to create cultural economies where creators are valued for the worlds they carry.

“When a film is pirated, the copying that happens removes it from the social and historical relations that gave it meaning. It gets completely uprooted. What we lose in that process is authorship, intention, and the cultural grounding of the work itself, more than revenue. This is a form of cultural dispossession that simulates older forms of colonial extraction, only now dressed in digital convenience,” Dr Ditlhokwa explains.

A threat to African sovereignty

He adds that piracy is not just a financial threat, but a cultural wound. When local films are pirated, more than income is stolen; filmmakers are stripped of their labour, language, memory and any meaning that was carried in that work.

“For African storytellers, especially those working in local languages or anchored on indigenous knowledge systems, films exercise continuity. Piracy interrupts that. It breaks the fragile chain between the creator and the community, between tradition and innovation. It discourages investment, weakens morale, and ultimately pushes creators away from telling stories that matter.

“When local productions fade, so do the languages, customs and histories they carry. This causes generational damage. If we are serious about preserving African storytelling, we must treat piracy as a structural problem, beyond it being just a criminal one. It is a threat to cultural sovereignty,” he says.

Higher quality productions

A vital part of building this value system is the quality of the content itself. Higher quality productions naturally carry a premium value within the system, warranting greater consumer support in protecting the content.

“In Namibia we are starting to see good quality productions coming out and making their way onto channels like Africa Magic and into the Africa Magic Viewers’ Choice Awards (AMVCAs). This year three Namibian productions were nominated for an AMVCA. There’s a beauty in witnessing other types of content beyond what people have traditionally associated with African film, making it onto these platforms. I think producing better quality productions plays a role in protecting our content,” says Award-winning Namibian actor, Adriano Visagie.

This year, the Namibian productions Lukas, Skeleton Coast and Walvis Tale, the short documentary depicting the deep connection between the ocean and the people of Walvis Bay were all nominated for AMVCAs.

Changing the system

Another potential solution is introducing the studio system used in Hollywood in the 1930s and 1940s, where movie studios controlled all aspects of film production.

Malawian producer and director, Shemu Joyah, says this system could help keep content out of the hands of pirates.

“The studio system helped filmmakers preserve their work while still making money from it. They were able to control distribution and receive a percentage back from the movie houses. Distribution is a challenge for independent filmmakers, so this could be a solution. Because if you’re not distributing your content through the right channels where consumers can easily access it, you must know a pirate will be there waiting to distribute it for you illegally,” says Joyah.

He proposes another, less orthodox solution: working with the pirates themselves. Joyah’s theory is that by turning the pirate distributor into a formal distributor, the industry could just address both challenges of distribution and piracy at the same time.

“One of the reasons for piracy is this lack of access to distribution channels. But pirates have an excellent distribution network. So the pirates are in one room and the African filmmakers are in the other. I’m proposing that we bash the wall down between the two and see how they can work together. Because if we could get part of our money back as filmmakers, we can plough that into making more films. More films equals more money for the creatives and the distributors, leaving less room for illegal copies where neither or us make any money,” Joyah explains of what he calls a potentially symbiotic relationship.

An African solution

Stronger anti-piracy laws and their enforcement are no doubt needed across the continent to tackle the current situation head-on. However, although content piracy is not a uniquely African problem, looking at it through a continental lens could provide a longer-term solution.

Dr Ditlhokwa says creating ecosystems of cultural dignity could offer a more sustainable approach to piracy. “That means, funding archives that pay royalties to living creators; making it mandatory for storytelling to be part of formal education as a form of intellectual inheritance; and developing local platforms where circulation is structured around care, ownership and cultural context, instead of just promoting virality.

“Most importantly, we must restore storytelling to communities through shared custodianship. Let the community hold the story, let them benefit from its circulation, and let the storyteller remain central to its life. Piracy thrives where value is not understood. To stop it, we must revalue what we already know,” he further explains.

Whatever the ultimate solution, creatives agree it must come from within Africa. We cannot rely on external forces to safeguard our stories. We need to contribute to the future of our creative industries, be proud of our heritage and play our part in preserving our original content. Or be prepared to lose it all together.

Piracy is more than theft, it is cultural erasure. It strips African filmmakers of their stories, their voice, and their dignity. To protect our creative sovereignty and realise the true economic potential of African content, we must build a system that values and defends original African work at every level. Collectively, we must stand together in fighting piracy.”  Frikkie Jonker, MultiChoice Group Africa Anti-Piracy Director.

With jaw-droppingly beautiful scenery, unparalleled wildlife, colourful


An old woman and a young maiden walk to the river to fetch water. The old woman
sits on the river bank while the young girl splashes in the water. “Tell me,
grandmother, about the time when you were young. What was it like?” she asks.
The old woman smiles and tells the young girl about how beautiful she was, how the
young hunters came to seek her hand in marriage and how her dowry was paid.
“There is so much more to a woman than physical beauty,” her grandmother tells
her, as they sink their clay pots into the river, filling them with water before beginning
the journey home.
This is what Zambian author, teacher, screenwriter and Mpali script writer, Tisa Phiri,
sees when you ask her what African storytelling means to her.
“I think that’s the kind of story that would have been transmitted between old and
young, while performing everyday tasks like the women and girls getting water or
preparing supper. These were opportunities for the elders to teach the youngsters
about their lived experiences, but also about their tribe’s history and heritage,” Phiri
explains.


A moral compass


As we celebrate Africa Month in May, the spotlight falls onto Africa’s tapestry of rich
cultural traditions, the backbone of which remains oral, singing and dancing
storytelling.
Phiri is among the African filmmakers trying to keep this custom alive through the
modern storytelling medium – film.
“Storytelling helps us transfer the wisdom from our elders, traditions, morals, ethics,
the ‘right thing to do’ and what is expected of us, onto the next generation. Today’s
parents are busy with work, so it’s rare to find people sitting down to inculcate this
knowledge to the young ones.
“My father was a very good storyteller, and would tell us stories after dinner. I was
eight years old, and can still remember the sound of his voice. He was so descriptive
in his storytelling that I could vividly see the story playing out in my mind as he
spoke. Most of the stories were life lessons. Sometimes they were scary, but I learnt
so much from them. Even now, when I recall his stories, I see the lessons in them,”
Phiri says.
Award-winning Malawian filmmaker, Shemu Joyah agrees, saying the childhood
stories his grandmother told him were so evocative that the lessons stayed with him
for years.
“When you’re a kid, you don’t realise it. But growing up and looking back you see
your grandmother was teaching you a lot about morality, how to behave, how to live
with others, how to treat other people. She used her imagination to tell us these
stories, and one day you realise that the hare, hyena or lion in the story is you or
someone you know. These stories stayed in the mind. You would remember them
long after hearing them. I would even go to school and tell my friends, “my
grandmother told me this story, listen here”. It was impactful,” Joyah recalls.


Storytelling still relevant


He believes traditional storytelling was a powerful medium for communicating
important issues while providing a moral and ethical fabric for society.
Dr Gopolang Ditlhokwa, film and television lecturer at the University of Botswana
agrees, says storytelling remains important to Africa’s cultures because it conveys
who we are.
“Africa has a culture that, despite centuries of disruption, has refused to be erased.
This culture has defined how we live, relate to one another, and make sense of the
world. Long before anything was written down, our histories, our knowledge, and our
values were carried in the voice of the storyteller. Even today, in many parts of the
continent, that voice still holds firm. We should be reminded of where we come from,
and in many ways, where we are going,” says Dr Ditlhokwa.
That is the enduring allure of African storytelling. Part lesson, part fact, part myth,
these stories bridge the past and the present, and in years gone by captured the
imagination of generations of children who, as adults today, still deeply appreciate
their wisdom.


A critical role


It is these same adults who see where the lack of storytelling in their cultures has
had a marked impact on how modern children are growing up today.
“When I see young people and how their morals are degrading, how disrespectful
they are, it really bothers me. Storytelling shaped us into the people we are today.
We should use this medium to continue telling our stories to the young ones to show
the traditions from our country, the morals we follow and the respect we have for
each other, ” says Phiri.
Joyah feels that it is only in retrospect that the older generation has become aware
of the critical role storytelling played. Beyond life lessons and societal expectations,
this intimate tradition provided a solid foundation on which previous generations
were built.
“Storytelling still has that role to play. There is still space for us to revisit it. And we
should, because once it’s lost, it’s lost forever. The stories that our grandmothers told
us also prepared us for the future – that is still relevant today. Perhaps the question
is ‘how do we package it in such a way that the youth will see value in it, especially
where indigenous language is concerned, instead of rushing off to social media?” he
explains.
Somebody who has seen this firsthand is Zimbabwean actor and director, Ben
Mahaka. Growing up in rural Mount Selinda with its abundant storytelling tradition
before moving to Ethiopia and later Europe and America, Mahaka returned to his
home village after 30 years and was struck by the loss of indigenous language.
“In 2018 I went back home and was acutely aware of how the language was being
diluted because locals were trying to mimic people from the big cities. It was a slow
process, but the uniqueness of the language was disappearing, and the people were
becoming part of this bigger, ill-defined thing. I decided to make a TV series in my
own dialect, Ndau, spoken as I remembered it when I was a kid,” Mahaka says.
That series was Gaza, a drama that used film to project indigenous language and
cultural identity to a wider audience. In doing so, Mahaka has preserved this part of
his culture for future generations.


Film as the modern storyteller


Phiri says this approach could well be the future of storytelling in Africa, as the youth
move from story books to digital devices.
“We should use this medium to tell our stories to both keep our customs alive and
also educate young people who might not have family or community to guide them in
the old ways. When we write an episode of Mpali that has a traditional angle to it, we
research that custom to make sure we get it right. Viewers can learn from that.
“For me personally, storytelling is about passion. I would love to use this platform to
transfer what I know and encourage elder people to transfer their knowledge.
Imagine a TV show where elders were invited to share their wisdom. If we put our
culture onto new video platforms, we give it new life. Children are curious and
actively watch videos on their phones. By putting our stories on those screens in
engaging ways, we expose the younger generation to their own heritage,” she says.
Therein lies the key to preserving storytelling as well as these stories – engagement.
Joyah believes animation perfectly translates African folk tales from grandmothers’
imaginations onto screens.
“In the beautiful world of my grandmother, the animals would speak. The lions, the
baboons, the crocodile, the snake…they all had different voices. She would change
the tone and speed of her voice to reflect the essence of that animal. When you look
at something like The Lion King with talking animals and lessons, you see the kind of
story my grandmother would tell. The Lion King is timeless, people still talk about it.
This is an avenue we could explore further with the youth in the future,” notes Joyah.
It’s the permanency of film that offers an opportunity for the oral stories of old to
become timeless tales in their own right.
“Film gives us something that oral tradition could never fully guarantee, and that is
continuity. In the past, stories, songs and histories lived in people. When a village
elder passed away, often so did the knowledge they carried. But with film, we have a
medium that can store and carry our cultural memories across generations. It stays,
and can be replayed, rewatched and reinterpreted. That’s what makes it powerful,”
says Dr Ditlhokwa.
Beyond animated children’s folk tales regrowing a grassroots connection to
indigenous wisdom, and modern-day dramas with culturally-themed episodes that
educate young adults, is the feature film that inspires all audiences, no matter the
age or geographical location.


Making African culture more accessible


This was most successfully demonstrated by the Black Panther movies, which –
although ‘Hollywoodised’ – are still largely heralded for shining a light on African
cultures and bringing this diversity to the big screen.
“Much of what film represents today is established on the stories that were once
passed down orally. However we still need both mediums. Oral tradition carries spirit,
rhythm, and cultural notes that film sometimes struggles to hold. At the same time,
film allows us to document, store, and share those stories across space and
generations. They belong to different times and serve different functions, but they
also feed into one another,” adds Dr Ditlhokwa.
While Marvel franchise films are not the answer to preserving Africa’s storytelling
tradition, they are a step in the right direction, making the continent’s cultures and
customs more accessible to wider audiences.
This provides a launchpad for Joyah’s folktale animations, Phiri’s elders’ wisdom
sharing show and Mahaka’s dramas in other indigenous languages that preserve
authentic African voices.
All this could just give birth to a new type of cultural influencer; one who is proud to
responsibly share their culture’s stories, fashion, customs and traditions on TikTok,
Instagram and YouTube, taking the legacy of our storytelling tradition well into the
future.

An old woman and a young maiden

For the past decade, international interest in African culture, including film, art, music
and fashion, has steadily increased. Today it is regarded as an exportable asset,
presenting significant revenue opportunities for the continent’s creatives. But could the
monetisation of African culture open it up to exploitation, resulting in its ultimate demise
as opposed to its preservation?
To answer this, it is useful to understand the idea of monetising culture. Physical
products that you buy in a store or online have a value. That is, the cost of the materials
to make the product, the distribution cost and the sales cost. These are all quantifiable
amounts.


The value of African culture


The idea of putting a price tag on a culture is less easy to understand. In effect, the
‘price’ of a culture is the value assigned to its expression, whether that be through film,
art, music or fashion. That value is determined by how much the viewer, listener or
wearer is prepared to pay to ‘own’ that piece of culture. This amount is largely driven
by perceived value than actual monetary value.
In recent years, Africa’s entertainment industry has grown phenomenally, acquiring an
impressive value. According to PwC, the African entertainment market is set to grow
by 15% annually from 2020 to 2025, reaching $4.6 billion by the end of this year.
While that should equate to an increase in opportunities for African creatives, this
projected growth is a double-edged sword. With more eyes on African culture comes
greater demand for creatives’ works – even if that means acquiring it illegally.


Monetisation a gateway for piracy


Africa’s rich storyteller tradition has made its fertile ground for feature films and TV
shows. However, the rise in content piracy in recent years has hit this industry hard,
with the unlawful copying and distribution of video content threatening to wipe it out.
Zimbabwean filmmaker and actor, Ben Mahaka, knows this all too well. Back in 2013
he and a group of friends made Gringo Troublemaker, a self-funded comedy feature
film. A week after its release, Mahaka found pirated copies of the film being sold at a
bus terminus for $1.00 per DVD.
“The authorities were not interested in investigating the case. We pressured them and
eventually they raided the market where the discs were being sold. They discovered
10 000 pirated DVDs! That’s $10 000 for one film. Afterwards a police officer asked if
the seller could get his stuff back after paying a fine. He didn’t understand those discs
didn’t belong to the seller, they belonged to us as the filmmakers. That was our
intellectual property,” Mahaka explains.
A bootleg copy of the same film was uploaded to YouTube. It hit 1.2 million views
before Mahaka reported it and had it taken down.
“There are people who grow up knowing they can make a decent living from things
they have not put one cent into. They don’t have to be creative or hardworking. They
just have to be ruthless. These ruthless thieves are the ones who show up in the
neighbourhoods driving the nice cars and the local kids then think, ‘oh this is how
money is made’. Why try something else when there is such an easy way?” he says.


Creatives’ livelihoods cut short


Malawian producer and director, Shemu Joyah, says piracy is killing African
storytellers. Filmmaking is expensive, especially in Africa where limited funding is
available. Not only is piracy undermining the ability of filmmakers to earn an income
from their existing films, but the potential for them to make more films in the future.
“You break even on a film only to find that someone has pirated it and everyone is
watching it on their phones or computers, and you’re getting nothing out of it. That’s
devastating. It’s totally devastating, and it kills your ability to make another film. This
has affected me a lot. I have five or six scripts ready to go, I can start shooting them
tomorrow. But due to a lack of funding, I cannot. If every person who has watched one
of my films had paid just one dollar for doing so, I would have been able to make all
these other films,” Joyah says.
“I would have thought that my three films would have generated enough income for
me to not have to go and ask for funding. But because of piracy, and my films being
pirated, people watched them elsewhere. That’s a loss to me, and there’s not a lot I
can do about it,” he adds.


Favourite shows hang in the balance


It is not only feature films where this is happening. Shows currently being screened on
DStv’s Zambezi Magic are also targeted.
The Zambian drama series Mpali has aired for a number of years and has a robust
public following. After extreme loadshedding last year, which affected viewers’ ability
to watch the show at the right time, fans of the show created Facebook and WhatsApp
groups selling pirated recordings of episodes.
“These people record their screens and make people pay to join the group and watch
the episodes. They’re publicly advertising this, and viewers are paying and supporting
them. People are happy to pay pirates to watch our content, but not happy to pay us
as the producers who make that content for them,” says Mpali scriptwriter, Tisa Phiri.
Fans of the show want future seasons, yet buying illegal episodes of the show
minimises the chances of that happening.
“People don’t have any idea how much time and money it takes to create the shows
they love so much. But they’ll pay 20 kwacha to watch the show for the whole week.
This really affects us. If people watch the show illegally and stop paying their
MultiChoice subscription, MultiChoice will stop investing in our local content, and we
will be forced to stop creating it,” she notes.
Silencing Africa’s authentic voice
Content piracy is connected to a wider criminal system that in some cases also
includes drug and arms running, and child trafficking. Members of the public who
support pirated content are effectively part of these syndicates.
“When people bootleg international films, they really don’t understand that they’re
helping pirates to build up their systems. Locals are now victims of this piracy. The
income streams from one movie should sustain you while you are preparing to make
your next one. But those income streams are shrinking. In the CBD of Harare, movie
houses are closing down, because down the road there is a guy selling pirated copies
of the latest films for $1.00,” says Mahaka.
All the filmmakers are aware of the ultimate outcome of content piracy if left
unchecked: Africa loses her voice.
These creatives use film to keep African stories alive. When their content is hijacked,
so are their stories, so is a large part of Africa’s culture and what makes the continent
unique.
“African storytelling teaches people from young how to behave correctly. This rise in
piracy is another symptom of the effect of moving away from our cultural roots and the
expectations on people of what is right and moral. People should want to protect our
stories, not sell them for 20 kwacha a month. They should want to keep our heritage
safe.
“As African filmmakers we can’t survive like this. Piracy detracts from the creative
industry’s creativity and innovation. It silences us and our whole generation – and
those coming up behind us. That’s how culture gets lost through time, and we are
ultimately left with foreign B-grade movies and no original, authentic African content,”
says Phiri.
When done correctly, monetising African storytelling can be immensely positive for
Africa’s creative sectors. By local filmmakers being the source of African films and TV
shows, we prevent cultural appropriation and Africa being exclusively seen through
the eyes of Hollywood.
By taking ownership of our own culture, we preserve it. But we need the support of all
citizens of this continent to increase the value of our culture and keep it from being
sold for a dollar on every street corner.

For the past decade, international interest in

Following the announcement of the crop survey report which was issued by the Zambia Statistics Agency ZamStats, indicated that the country recorded a bumper harvest of 3.6 million metric tonnes of maize.The Food Reserve Agency Board Chairperson, Hon. Suresh M. Desai has announced the crop purchasing prices for the 2025 crop marketing Season.Speaking during the official media briefing announcement of the crop marketing arrangements and crop purchase prices for the 2025 crop marketing season , Desai told Zambian Business Times- ZBT that the Agency will be purchasing grade (A) White Maize from farmers at K6.80 per kilogram, which is K340 per 50 Kg bag.“ The agency shall buy non- genetically modified grade A white Maize from farmers at Six Kwacha and Eighty Ngwee ( K680) per kilogram, which translates into Three Hundred and Forty Kwacha ( K340) per 50 Kg bag”, said Desai.He added that the Agency will open up 1, 428 satellite depots across the country and targets to firstly buy 543,000 metric tons of Maize.“ An initial of 1, 428 satellite depots across the country will be opened up to provide farmers with convenient access points to deliver their crops and the agency targets to firstly 543,000 Metric tons of Maize”, said Desai.

Following the announcement of the crop survey

Given Ian Ncube, Chief Executive Officer at RSM Zambia Chartered Accountants (“RSM Zambia”), a leading assurance, tax and consulting services provider, has been appointed as a Director of RSM International.

Effective 1 June, Ncube joins the Board of Directors of RSM International, the sixth largest professional services network in the world by revenue.

Ncube brings over 20 years of experience in professional services and has served as Senior Partner and Chief Executive of RSM Zambia for 13 years. Testament to his leadership and the Firm’s strong nationwide presence, RSM Zambia has doubled its revenues and grown its headcount by more than 35% since 2022.

As the Director of RSM International, Ncube will work alongside other Board Members and the global organization’s CEO, E.J. Nedder, to ensure the organization continues to deliver on its 2030 global strategy, focused on transformation, growth, and creating positive, lasting value for all stakeholders.

“I am deeply honored to step into this role on the RSM International Board as we build a compelling future together.” Remarked Given Ian Ncube, Chief Executive Officer at RSM Zambia, adding that his appointment underscores, “the strength of our talented teams and trusted advisors in Zambia and across Africa, a testament to our collaborative spirit.”

“I am energized to advance RSM’s global ambition, bringing fresh perspectives from dynamic markets to foster innovative, future-ready solutions. With a shared commitment to sustainable growth and inclusivity, I look forward to strengthening our integrated global network, empowering clients and communities to thrive together.”

Chairperson of the RSM International Board, Joe Adams, who commented on behalf of the RSM International Board of Directors, said it was a pleasure to welcome Given Ian Ncube as our newest Board Member. “Ian brings significant experience and leadership skills demonstrated through his trusted stewardship of RSM Zambia.”

“We look forward to Ian’s contributions to help us shape the future of RSM, underpinned by our organization’s 2030 global strategy.” Remarked Adams.

Given Ian Ncube, Chief Executive Officer at

Celebrated Olympic Bronze Medallist Muzala Samukonga has accused the Zambia Athletics Association (ZAA) of deliberately leaving him out of the Relay team that recently competed at the 2025 World Athletics Relay in Guangzhou China. This comes after several sportsfanatics wondered why the Olympic Superstar was not part of the competition, especially after the country failed to clinch any major medal. In a stark revelation Muzala openly vented via a comment on Facebook under a post by the National Olympics Council of Zambia (NOCZ), which depicted an encouragement for the lads after their early exit. Muzala appeared to respond to fan who wanted to know why he was snubbed. “ZAA do not lie, just tell the truth,” He replied. The comment left many sceptics in awe, as they wondered whether the snubbing was due to Muzala’s advocacy towards the none payment of salaries after the 2024 Olympics. But in contrast the statement from ZAA, revealed that the Super star was left out due to a stern engagement to an athletics event scheduled for September 2025. The Zambian Business Times (ZBT) reached out to a close source to Muzala, who stated “Just take it as you saw it, what he said is exactly as it is, but someone reached out from the organization (ZAA).” Efforts to a get a counter comment from ZAA proved interesting, as the organization claimed not to be aware of the situation. This is not the first time that Muzala has criticized ZAA of being incompetent, last year, he was involved in a heated scuffle that also tagged the government over non payment of salaries. However, it is surprising that after a change of administration – the election of Major Bernard Bwalya as President – another episode of dissatisfaction surfaces. This also paints a gloomy picture, as many speculate that there is more to the snubbing than meets the eye but also raises the question of accountability on the part of those entrusted with responsibility.

Celebrated Olympic Bronze Medallist Muzala Samukonga has

According to the April 2025 ZamStats report the current maximum price of 1kg Dried Kapenta Siavonga country wide is standing at K389, way higher than that of April 2024 which was at K282.

According to the report, the hike has been attributed to the Monthly inflation rate for April 2025 which is pegged at 4.5% and the Yearly inflation at 38.5%. Furthermore, Siavonga District Fisheries and Livestock Marketing Development Officer Yate Phiri has disclosed that the current order price of Dried Siavonga are standing at K240 and flesh Siavonga is ranging between K55 to k60 per Kg.

She added that the K240 per Kg price of Siavonga Kapenta is the current price specifically for Siavonga District and price differs in various districts depending on the location and other transportation costs.

Phiri attributed the price raise due to fish catchers experiencing bad weather conditions which affects their operations and hinders the harvest. “The most challenging issues that fish catchers’ operators are complaining about are bad weather conditions usually due to windy conditions which affects their smooth operations,” said Phiri

According to the April 2025 ZamStats report

While Zambia is poised for a maize surplus in the 2025/2026 agricultural marketing season, with the National Food Balance Sheet estimating a surplus of 501,621 metric tonnes, this positive outlook for maize, however, is tempered by a projected deficit in rice of 55,138 metric tonnes, despite anticipated increases in domestic rice production.

The National Food Balance Sheet, based on the latest Crop Forecasting Survey, indicates a total maize supply of 4,040,645 metric tonnes against national requirements of 3,539,024 metric tonnes, ensuring sufficient maize for both human consumption and industrial use.

Conversely, the country faces a notable shortfall in rice. While the 2024/2025 crop survey report by Zamstats projects an increase in rice production to approximately 39,400 metric tonnes, up from 24,500 metric tonnes last year, this rise is still insufficient to meet national demand.

Acting Minister of Agriculture, Silvia T. Masebo, confirmed the anticipated rice deficit of 55,138 metric tonnes. This carries significant implications for the country’s food security and economy, even as a substantial maize surplus is projected. Here’s a breakdown of what this means:

The most direct consequence of a deficit is the need to import rice to bridge the gap between domestic supply and national demand. This means: Zambia will have to spend valuable foreign currency to purchase rice from international markets, potentially impacting the country’s balance of payments and weakening the local currency (Kwacha). Minister Masebo however underscored the critical importance of timely and accurate agricultural data for informed policy decisions. “Please continue to adhere to survey timelines to enable timely decision-making,” she urged.

The Ministry of Agriculture anticipates further clarity on the food security situation with the release of the Post-Harvest Survey results, scheduled for October 2025. She said these results will provide updated crop forecasts with actual figures, enabling a more precise assessment of the country’s food and nutrition security status and broader sector developments.

While Zambia is poised for a maize

The Bank of Zambia (BOZ) has maintained the benchmark lending rate also known as Monetary Policy Rate (MPR) at 14.5% in the second quarter of 2025.

Speaking during the MPR media briefing at the BOZ Headquarters, Governor Denny Kalyalya revealed that the decision was necessited by the decline in inflation which was recorded at 16.5% in April from 16.8% in February. “Inflation slowed down to 16.5% on March 2025 from 16.7% in December 2024, having peaked at 16.8% in February forcing the committee to maintain the MPR in the second quarter of 2025”, said Kalyalya.

However, Kalyalya stated that inflation in the next eight quarters is expected to decline faster towards the 6-8 % target band as projected in February. “Inflation is anticipated to average 13.8% in 2025 compared to 14.6% and eventually decline to 8.8% and further to 7.5% in the first quarter of 2027, which is within the target band,” he added.

Kalyalya echoed that the projection is based on the expected decline in market prices of maize grains and crude oil which will significantly contribute to the downside risks and drive inflation even lower than the current projection. “The bumper harvest forecast of 3.6 million metric tonnes for the 2024- 2025 farming season will drive prices of maize grain and lower its products and the anticipated increase in the supply of crude oil and weak global demand will point to a reduction in prices”, said Kalyalya.

The Bank of Zambia (BOZ) has maintained