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Markets

Following TAZAMA Pipelines award of a supply contract of low sulphur Gas oil to Agrofuel and other OMCs at a reduced price of US$54.12, the Oil Marketing Companies Association (OMCAZ) has asserted that this is likely to trickle to a drastic reduction in pump prices. This development strings from the Open Access Policy, initially Agro Fuels was reported to be quoting the commodity at US$ 113 per metric tone, however after losing the bid to other OMCs who were quoting at US 84.00 per metric tones, Agrofuel
reduced the pricing to US$54.12 in a competitive escapade.

This news has raised mixed feelings amongst members of the public, while some are excited about the prospect of buying cheaper fuel, some accuse ERB and the Ministry of Energy of working the common Zambian. “This mean that ERN will not charge above that price, and it means that the pump prices are coming down instantly, with that in mind, we should know that the ultimate effect is that the government should look at the consumers, if they can buy the product cheaper than it has been,” stated OMCAZ President Dr, Mubanga Kafula in an exclusive interview with the Zambian Business Times (ZBT).

Dr. Mubanga echoed that the Open Access Policy has exhibited competition amongst OMCs and the newest supply price is likely to reduce further in the coming months. “It should be able to reduce in the next couple of months, in a financial market every entity must put up a competitive instrument, knowing the cost of the product, when one acquires the capacity, they are able to bargain for a better price, the dynamics of pricing have changed and obviously we must commend government for actualizing open access, I think that competition must surge until the price comes down.” This trickling down of the supply price from US$ 113 per metric ton to US$ 54.12 metric tone, has raised an avalanche of questions from members of the public, who have also accused the OMCs including Agrofuels Limited of exploiting the consumers.

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Following TAZAMA Pipelines award of a supply

Tech

Chongwe District Education Board Secretary (DEBS), Joseph Chanda, has revealed that load shedding has not disrupted ICT education in schools in the district. Despite the country’s ongoing power crisis, Chongwe schools have found ways to mitigate the effects of load shedding, ensuring that ICT education remains uninterrupted. Speaking in an exclusive interview with Zambian Business Times-ZBT, Chanda emphasized that ICT education remains a crucial part of the curriculum, ensuring access to computers
and laptops.


Chanda highlighted that schools have adopted several strategies to minimize disruptions caused by load shedding. “These include monitoring scheduled power cuts to plan ICT lessons accordingly, investing in solar power systems for uninterrupted energy supply, and acquiring generators to provide backup power.” “Schools are aware of when power will be available, and
many have taken steps such as investing in solar energy and generators,” Chanda noted. He commended Chongwe schools for their resilience and adaptability in the face of the power crisis, ensuring that learners continue to access quality ICT education.

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Chongwe District Education Board Secretary (DEBS), Joseph

Agribusiness

Chairman of the Dairy Association of Zambia, has highlighted a pressing issue facing the
country’s dairy farmers: plummeting milk prices.


In a revealing interview with the Zambian Business Times (ZBT), Chairperson, Farmer Noole, said currently, farmers are selling milk at an average price of K8.50 per liter, a stark contrast to the ideal price of K14 per liter needed to cover production costs. “The price of milk is dictated by buyers, leaving producers
with little to no influence over their earnings,” Noole emphasized.

He argued that the government should establish a Dairy Board to regulate pricing and provide support to both farmers and buyers, similar to
successful models in countries like Kenya. Noole lamented the absence of such a regulatory body in Zambia, which he believes is crucial for standardizing milk prices and ensuring fair competition within the industry. “We are actively fighting for the creation of a Dairy Board. Our attempts to engage with authorities have often been met with concerns about funding and the dismantling of existing boards,” he explained.

He observed that the absence of a functioning Dairy Board means that farmers are struggling to achieve profitability, raising urgent questions about the sustainability of the local dairy sector. Moreover, Noole mentioned that the association is currently working to resolve ongoing issues with Lactalis, as they continue dialogues with the government to find a viable solution. He added that Zambian dairy farmers are in a precarious position, striving for equitable pricing and regulatory support to safeguard their livelihoods and the future of the dairy industry.

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Chairman of the Dairy Association of Zambia,

Companies

Zambia Electricity Supply Corporation (ZESCO) is facing pressure after a recent Auditor General’s report revealed a K16 million in unremitted pension contributions owed to the National Pension Scheme Authority(NAPSA).This non-compliance not only raises red flags for the company’s financial practices but also jeopardizes the benefits that employees expect to receive upon retirement.


According to Section 15(1) and (2) of the National Pension Scheme Authority (NAPSA) of 1996, contributing employers are required to remit contributions monthly. However, ZESCO’s
failure to adhere to this obligation has significant implications for its workforce. Private Sector Development Association Chairperson, Yusuf Dodia, voiced his concerns emphasizing the detrimental impact on employees’ retirement benefits.


In an exclusive interview with the Zambian Business Times -ZBT, Dodia pointed out that employees are expected to claim their benefits after retiring, but their benefits will not be forthcoming if ZESCO has not remitted the payments that were due over the years.”
He called on ZESCO to take immediate action to prevent potential industrial unrest stemming from the non-payment of terminal benefits. The commercialization of the energy sector has also come under fire, with Dodia describing it as a critical error that has placed undue strain on companies like ZESCO. He urged the government to reconsider this approach and reinvest in the energy sector to support both social and economic development.

Adding to the discourse, Dodia cautioned against adopting foreign ideas without consideration for Zambia’s unique economic landscape. “What works in Europe cannot necessarily work in Zambia because we are at different stages of economic development,” he warned, highlighting the need for tailored solutions that address local challenges. Meanwhile, efforts to get a comment from ZESCO management proved futile by press time

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Zambia Electricity Supply Corporation (ZESCO) is facing

Companies

The recent announcement by the Patents and Companies Registration Agency (PACRA) regarding the potential deregistration of 300,000 companies for failing to comply with regulations and submit returns for two consecutive years has sparked significant concern.

Development Expert Dr. Charity Musamba highlights a troubling trend of low compliance across various sectors, suggesting that Zambia is grappling with one of the lowest levels of adherence to constitutional regulations. Dr. Musamba pointed out that the lack of compliance is symptomatic of deeper issues within the country’s operating environment. “The compliance levels are alarmingly low, which reflects poorly on our adherence to established regulations,” she stated, stressing that this could have long-lasting implications for the country’s economic health. One of the primary challenges facing many companies, according to Dr. Musamba, is the insufficient support in terms of policies and frameworks.
This inadequacy has hindered businesses from fulfilling their obligations to PACRA. “The current system is not conducive for companies to thrive, and this is indicative of broader problems within our economic landscape. The private sector here lacks the vibrancy and sustainability necessary for growth,” she added.

“The current system is not conducive for companies to thrive, and this is indicative of broader problems within our economic landscape. The private sector here lacks the vibrancy and sustainability necessary for growth,”- Dr Charity Musamba


In light of these challenges, Dr. Musamba urged PACRA to explore all available remedies before deciding
on deregistration. She emphasized the importance of understanding the context of the current economic climate, which has been exacerbated by factors such as drought and ongoing electricity shortages. These challenges have created a volatile business landscape, making compliance even more difficult. As the situation unfolds, the focus should be on finding effective solutions to support the private sector and enhance compliance with regulations, ensuring that companies can
not only survive but thrive in the Zambian economy.

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The recent announcement by the Patents and

Agribusiness

Director of Omar Farms, highlighted the growing market for camel milk in Zambia, emphasizing its potential as a lucrative venture for both individuals and full-time farmers.


Speaking in an exclusive interview with the Zambian Business Times – ZBT, Director of Omar Farms, Omar Hussan Fada, disclosed that currently, camel milk is priced at K200 per liter, with however production costs posing a challenge due to camels yielding significantly less milk compared to cows. Omar noted that despite being relatively unfamiliar in the country, camel milk is gaining popularity, particularly among the Somali and Kenyan communities.


“It is just here in Zambia where we haven’t had camels in the past, so it is not very famous when it comes to milk, but of course in some of the countries like Kenya, Ethiopia, Somalia, Sudan and that side of Africa
camel milk is very famous and it is consumed more by people daily as compared to cow milk.” He stated.
He noted that while a cow can produce 30-40 liters daily, a camel provides only 4-5 liters. Omar added that the cost of maintaining and producing camel milk is high, but the animals are resilient and thrive in
harsh conditions, making them easier to care for.

With a current herd of 30 camels and plans for expansion, Omar Farms has experienced fast sales, with all 40 liters produced each day often sold out
in advance. Omar underscored the profitability of camel farming, projecting an average monthly income of K15,000 from a single camel, making it an attractive option for those looking to diversify their agricultural ventures. With an average monthly income of K15,000 from a single camel, this means on monthly income is about K450, 000 translating to 5.4 million (K5, 400, 000) per annum.
Omar, however, expressed a desire for other farmers to enter the market to increase competition and lower costs. He said in addition to camel milk, the farm also engages in camel meat production, which
is sold at K600 per kg.

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Director of Omar Farms, highlighted the growing

Companies

Lusaka resident Angela Mwenge, a Sales Promoter for MultiChoice Zambia at Game Stores has carved a remarkable path in her six-year tenure with the organization. Her story exemplifies the power of determination, skill-building, and community impact, showcasing how MultiChoice empowers its employees to grow both professionally and personally.

Angela, who holds a Grade 12 certificate, recalls her journey into MultiChoice with gratitude. “I applied for the role and underwent the required training procedures,” she shares. Motivated by MultiChoice’s strong branding and community-focused advertising, Angela found herself drawn to the company’s vision.

Over the years, Angela has advanced a variety of skills, including advertising, customer service, and self-confidence. “MultiChoice has significantly boosted my confidence in dealing with both indoor and outdoor customers,” she reflects. This growth was evident in one of her proudest moments delivering an exceptional presentation during a trade visit and surpassing her sales targets. “Being recognised by my team leader for that achievement was truly memorable,” she says with a smile.

Beyond professional development, Angela credits MultiChoice for providing opportunities that have shaped her career. “The training sessions and exposure to the corporate environment have been invaluable,” she explains. This foundation has not only enhanced her abilities but also inspired her future aspirations. “I aim to grow into a senior promoter, and MultiChoice has equipped me with the necessary skills to achieve that goal.”

Angela’s connection with customers is another key aspect of her role. By understanding their needs and offering excellent service, she has successfully promoted MultiChoice’s offerings. “It’s all about creating meaningful connections,” she emphasizes.

Moreover, Angela highlights MultiChoice’s impact on the community. “The company provides educational programs, entertainment, and employment opportunities,” she says, underscoring its commitment to societal growth.

When asked about advice for aspiring Sales Promoters, Angela’s message is clear: “It’s a great opportunity. The role not only enhances your skills but also exposes you to the corporate world.”

Angela Mwenge’s journey with MultiChoice Zambia is a testament to the organisation’s dedication to empowering its employees. Her story inspires others to embrace growth, pursue excellence, and contribute positively to their communities.

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Lusaka resident Angela Mwenge, a Sales Promoter

Companies

Chilanga Cement Plc has solidified its position as a leader in corporate social responsibility (CSR) and sustainability by clinching multiple prestigious awards at the 6th CSR and Sustainability Awards.

The company won the CSR Best Community Impact – Housing/Shelter Solutions Award and the Environmental Sustainability – Best Waste Management Award, highlighting its commitment to impactful initiatives.

Adding to its accolades, Chilanga Cement’s Chief Executive Officer, Chai Jianping, was named Best CSR Personality – CSR Leader of the Year 2024, celebrating his dedication to sustainability and community-driven development.

This year’s awards, themed “Driving Sustainable Impact Through Innovation,” showcased the critical role of businesses in promoting responsible practices. Chilanga Cement’s efforts remain focused on vital areas like environmental sustainability, affordable housing, education, and community health, reaffirming its commitment to making a significant difference in Zambia.

Paola Gosparini, Program Manager for Private Sector Development at the EU Delegation to Zambia, emphasized the rising demand for corporate accountability, urging businesses to embed sustainability into their operations.

Chilanga Cement expressed gratitude to CSR Network Zambia, its team, and partners, vowing to continue driving sustainable solutions that support both communities and the environment.

With a focus on innovation and collaboration, Chilanga Cement is setting a benchmark for responsible business practices in Zambia, steering towards a sustainable and inclusive future.

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Chilanga Cement Plc has solidified its position

Companies

The FNB Zambia Foundation has reaffirmed its commitment to providing real help by supporting the communities it serves. As the community of the Eastern Province celebrated the Nc’wala ceremony, a time of cultural celebration and unity, the FNB Zambia Foundation has extended its impact on the province.

As part of its ongoing dedication to early childhood development in health, the FNB Zambia Foundation donated to Chipata Central Hospital.

The donation included essential medical equipment and mattresses for the maternity and children’s wards.

This contribution aims to enhance healthcare delivery and improve maternity and pediatric care. The Foundation continues its long-term efforts to strengthen healthcare infrastructure, with previous initiatives including the construction of the Kalikiliki maternity annex. The Foundation has called on other stakeholders to collaborate in further improving healthcare access and services in Zambia.

In addition, the FNB Zambia Foundation supported a climate action initiative aligned with this year’s Nc’wala 2025 ceremony by donating 500 fruit trees to the Chipata community through the Nc’wala Organizing Committee. This initiative aligns with national efforts to combat the drought experienced by the country. The FNB Zambia Foundation Manager, Catherine Chime Chama emphasized that planting trees is a vital step in protecting the environment for future generations and expressed gratitude for the role of the Paramount Chief in spearheading this initiative.

“This collaborative effort with the Nc’wala Organizing Committee and local leaders reinforces our belief that community-driven action leads to sustainable impact. Planting trees is just the beginning—what matters most is nurturing and protecting them.,” said FNB Zambia Foundation Manager Catherine Chime Chama.

The FNB Zambia Foundation remains committed to driving positive change and is dedicated to making a difference in communities through strategic interventions in key areas such as early childhood development in health and education, water and sanitation, and climate action. Through partnerships and impactful initiatives, the FNB Zambia Foundation continues to play a vital role in fostering social and economic development across Zambia.

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The FNB Zambia Foundation has reaffirmed its

Uncategorized

“MultiChoice has truly enriched my life.” – Ignatius Daka, Accredited Installer
Ignatius Daka, a 44-year-old Telecommunications and Electronics Engineering Technician, has built a thriving career and business thanks to the opportunities provided by MultiChoice Zambia. Born on June 6, 1980, Daka is a Zambian entrepreneur, a devoted husband, and a proud father with a deep-rooted commitment to creating opportunities for others in his community.

Daka’s journey began humbly in 1998, during the analogue era, when he worked as an amateur installer of M-Net antennas. After graduating from college, he became a MultiChoice Accredited Installer in 2002 while working at Kruger Electronics. It was a moment that would lay the foundation for his remarkable career.

“In 2003, I took a bold step and founded Schmitt Electronics, which was later accredited as a MultiChoice Installer,” says Daka. His decision to become self-employed was driven by his academic background and the scarcity of formal employment opportunities. “The lack of jobs inspired me to take charge of my destiny and create my own opportunities,” he adds.

By 2004, Daka’s determination to grow had blossomed into a small team of four technicians under his leadership. His entrepreneurial spirit continued to soar, and in 2009, he successfully applied to become a MultiChoice agent. Kufi Business Solutions, his company based in Kafue, was accredited to collect subscription payments, sell decoders, and offer other essential services.

“Our agency employed seven customer service representatives who are young, skilled individuals and had been struggling to find jobs,” Daka recalls. “MultiChoice gave me the platform to expand my business and create job opportunities for others.”

The Impact of MultiChoice
The partnership with MultiChoice has been life changing for Daka, both personally and professionally. “This business has provided me with the means to support my family. “I have been able to build a decent home, ensure we have three meals a day, and send my children to school,” he says proudly. “Next year, my youngest son will be enrolling at the University of Zambia, something I would have not achieved without MultiChoice.”

On the professional front, Daka’s role as an accredited installer has enabled him to build an extensive network. “I have met people from various fields, creating a network that not only sustains my business but also opens new opportunities through referrals,” he explains.

A Message to the Youth
For unemployed youths, Daka has a simple yet powerful message: “Stop waiting for white-collar jobs that may never come. Take up the challenge and join programs like the MultiChoice Installer initiative. The skills you gain can transform your life, keeping you away from vices like alcohol and substance abuse.”

He emphasizes that such initiatives provide practical knowledge and open doors for self-employment, which can be a stepping stone to financial independence and personal growth.

Gratitude to MultiChoice
Reflecting on over two decades of collaboration, Daka expresses heartfelt gratitude to MultiChoice Zambia. “Your unwavering support has not only enriched my life but also enabled me to provide the best investment and education for my children.

To MultiChoice, I say, ‘Zikomo kwambiri. Asante sana.’ Thank you for your vision and for truly enriching lives.”

Daka’s story is a testament to the transformative power of opportunity, determination, and partnership. His journey, fuelled by MultiChoice’s support, serves as an inspiration to others to take charge of their future and build a legacy of success.

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"MultiChoice has truly enriched my life." –