Zimbabwe settles final $30m principal portion of colonial era debt owed to Zambia
Zimbabwe settled the final $30m of the $71m dollar colonial debt owed to Zambia. The debt emanated from the acquisition of power genration equipment by the defunct Central African Power Corporation (CAPCO) which was co-owned by the two countries. CAPCO was dissoved in 1987 to form what is now the Zambezi River Authority ( which operates and maintains the Kariba Dam). However, there is still $114m of interest still outstanding which both governments have agreed to settle through a 'devised settlement plan'.
Construction of Zambia-Botswana set to take-off next month
Zambia and Botswana will start building the $259m bridge connect next month. The bridge will replace the ferry service which currently operates between the 2 countries. The project will take 4 years and is financed by Zambia, Botwana, Japan and the African Development Bank.
MTN ponies-up K450,000 to sponsor live broadcast of world cup 2014
MTN Zambia signed a partnership agreement with ZNBC towards the live boradcast of next months FIFA 2014 World Cup which will be hosted in Brazil. MTN tossed in 45% of the K1m which is required to secure the broadcast rights which will enable ZNBC to show all 64 matches to any Zambia with a television set and signal.
Airtel Zambia hits 3.1 million mobile money users
),Despite losing its crown as the leading mobile service provider in Zambia to MTN in the first quarter of this year, Airtel increased its mobile money user base by 72% from December 2013 to 3.1 million. They also announced that they are averaging more than 450, 000 transactions a month. Does this mean MTN only has a paltry 400,000 users?
Trying to decipher this puzzle that is Zambia by using a variety of publicly available data (structured and unstructured) in conjunction with my own skill/experience. * * *