MTN Zambia takes the lead in mobile subscriber race
MTN leaped ahead of Airtel to become Zambia’s biggest mobile service provider as of the first quarter of 2014. MTN had 4.26 million subscribers compared to Airtel’s 4.04 million. In terms of sim card registration, Airtel had 86% of their subscribers registered whereas MTN had 83%registered at the end of the first quarter. MTN increased their subscriber base by 7.5% in 2013 on account of improved quality of service as Airtel’s base decreased by 3.8% - their respective market shares where 42% and 44% as of end of year 2013.
Bayport Zambia taps LuSE Medium Term Note Program
Microfinance lender Bayport Zambia issued its maiden offering of K172m under the Lusaka Stock Exchange’s ‘Medium Term Note Program’ (MTNP) which has been in play since 2007. The initial offering was placed at K150m but will increase to K172m on account of strong investor appetite for the offering. The International Finance Corporation (IFC) was the anchor investor, taking up 35% of the bond offering (K60m). Bayport joins competitors Izwe Loans who have 4 bonds issued under the note program.
Zambia and Zimbabwe sign uni-visa agreement
Zambia and Zimbabwe signed a uni-visa agreement which takes effect from June 2014. The uni-visa was piloted in 2013 when the two countries co-hosted the UNWTO 20th general assembly. This is intended to boost tourist arrivals between the two countries. Zambia received 914, 576 tourist arrivals in 2013, up 6.5% from the previous year. 78.7% of the tourist arrivals originated from other African nations. Asia and Pacific arrivals declined by 30.9% year-over-year.
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. * * *