Solwezitoday

Solwezitoday A business & news magazine with an international reach in commerce, industry and business sectors.

Journey well Nkosi! Thank you for the 44 years of service to Zambia and beyond.
09/06/2026

Journey well Nkosi! Thank you for the 44 years of service to Zambia and beyond.

Protect yourself, don't be a victim!
03/06/2026

Protect yourself, don't be a victim!

A Strategic Alliance Between Stanbic Bank and Airtel Signals a New Phase in Zambia’s Cashless EconomyZambia’s digital ec...
02/06/2026

A Strategic Alliance Between Stanbic Bank and Airtel Signals a New Phase in Zambia’s Cashless Economy

Zambia’s digital economy has taken another bold step forward with a transformative partnership between Stanbic Bank Zambia and Airtel Zambia, integrating Airtel Money directly into point of sale systems across the country. The collaboration comes at a time when Zambia’s financial inclusion has surged to over 80 percent in 2025, largely driven by mobile money adoption, according to recent financial sector data . This initiative is designed to close the remaining gap by bringing the unbanked population into the cashless economy using only a mobile phone.

The system allows customers to make instant payments at merchant tills by selecting mobile money on a point of sale device and authorizing the transaction on their phone. With mobile money pe*******on reaching tens of millions of users across Africa and over 8 million users in Zambia’s digital ecosystem growth trajectory, the shift is clear: cash is steadily losing dominance. Merchants benefit from instant settlement into bank accounts, while SMEs gain expanded customer reach by accepting payments from both banked and unbanked customers.

In an interview with Solwezi Today, Stanbic Bank Head of Commercial Banking Chanda Mwila said the initiative ensures that “every part of the country is included in the financial system,” while Airtel Money Country Director Andrew Chuma noted that the partnership leverages Stanbic’s wide POS network to unlock faster, more convenient transactions nationwide. Read the full article below for deeper insights into how this partnership is accelerating Zambia’s cashless future.

https://www.solwezitoday.com/a-strategic-alliance-between-stanbic-bank-and-airtel-signals-a-new-phase-in-zambias-cashless-economy/

BHL Noon2Moon 2026 Cycling Relay Now Open for Entries! 🚴‍♀️Entries are officially open for the much-anticipated BHL Noon...
02/06/2026

BHL Noon2Moon 2026 Cycling Relay Now Open for Entries! 🚴‍♀️

Entries are officially open for the much-anticipated BHL Noon2Moon 2026 Cycling Relay, a fun-filled family cycling experience set to bring energy, competition, and community spirit to the Kansanshi Golf Estate Cricket Pitch in Solwezi on Saturday, 27th June 2026. This is more than a race; it’s a celebration of endurance, teamwork, and family participation across all age groups.

The event features multiple race formats designed for different age categories and abilities, including an 8-hour relay (12:00–20:00) for riders aged 10+, a 6-hour youth relay, and shorter fun relays ranging from 2 hours to just 30 minutes for younger riders as young as 6 years old. Teams can compete in men/boys, ladies/girls, and mixed categories and even an exciting e-bike category, with awards for most laps, best team name, best dressed, team spirit, and fastest sprint performance.

Registration takes place on Friday, 26th June (15:00–18:30) at the Cricket Pitch, while entries close on Wednesday, 24th June at 12:00 noon. Entry fees are ZMW 300 per person for the 8-hour race and ZMW 250 for riders 12 years and under, with goodie bags and T-shirts available on a first-come, first-served basis.

📩 DM now to get the registration link and secure your team’s place in the race!

Zambia and Malawi Emerge as Southern Africa Rising Corporate PowerhousesZambia and Malawi are emerging as standout perfo...
29/05/2026

Zambia and Malawi Emerge as Southern Africa Rising Corporate Powerhouses

Zambia and Malawi are emerging as standout performers in Southern Africa’s corporate landscape after gaining strong recognition in the latest rankings of the region’s top companies for 2026. According to African Business, Malawi recorded seven entries in the regional Top 20 companies ranking, excluding South Africa, while Zambia increased its representation from one company last year to four this year. Analysts say the impressive rise reflects growing investor confidence, expanding financial markets, and broader economic momentum in both countries.

Malawi’s rapid corporate growth has been driven largely by its banking sector, with financial institutions dominating the country’s top listed firms. The Malawi Stock Exchange reportedly became Africa’s best-performing stock exchange after surging by nearly 250 percent despite inflationary pressures and foreign currency challenges. Meanwhile, Zambia’s growing corporate strength has been supported by booming copper prices, increased investor activity, and expanding sectors beyond mining, including banking, energy, and infrastructure development. Zambia’s economy is also benefiting from renewed global interest in copper exploration and renewable energy investments as international firms ramp up activity in the country.

Business leaders across Southern Africa are increasingly viewing Zambia and Malawi as rising investment destinations with strong long-term growth potential. The growing performance of listed companies in both countries signals broader confidence in regional markets at a time when Africa’s top corporations are experiencing a significant recovery fueled by mining, banking, telecommunications, and industrial expansion. Experts believe that if the current momentum continues, Zambia and Malawi could strengthen their influence within Africa’s evolving corporate and investment landscape over the coming years.

Ethiopia Eyes Massive Electric Vehicle Expansion With New National StrategyEthiopia is positioning itself to become one ...
29/05/2026

Ethiopia Eyes Massive Electric Vehicle Expansion With New National Strategy

Ethiopia is positioning itself to become one of Africa’s largest electric vehicle hubs after unveiling an ambitious National E-Mobility Strategy and Implementation Plan for 2025 to 2030. The roadmap aims to accelerate the country’s transition to clean transportation through expanded charging infrastructure, electric public transport systems, local manufacturing, and stronger policy reforms. Officials say the strategy is designed to reduce Ethiopia’s dependence on imported fossil fuels while leveraging the country’s vast renewable energy resources, with more than 90 percent of electricity generated from clean sources such as hydropower.

The Ethiopian government believes the new transport roadmap could significantly reshape the nation’s economy and establish the country as a leading player in Africa’s rapidly growing electric vehicle market. According to the strategy, Ethiopia plans to develop more than 2,000 charging stations nationwide by 2030 while encouraging private sector investment and local EV assembly plants. Industry reports indicate that Ethiopia already has over 115,000 electric vehicles on the road, making it one of the continent’s fastest-growing EV markets. The country has also moved aggressively by restricting imports of internal combustion engine vehicles to accelerate the transition toward electric mobility.

Analysts say Ethiopia’s electric vehicle push could create jobs, strengthen energy security, reduce urban pollution, and attract foreign investment into manufacturing and infrastructure development. However, challenges remain around power distribution, affordability, and expanding charging infrastructure beyond Addis Ababa. Despite these hurdles, many observers view Ethiopia’s strategy as one of Africa’s boldest clean transport initiatives, potentially setting the stage for the country to emerge as a continental leader in sustainable mobility and green industrialization.

Kenya Pushes Back Against US Ebola Quarantine Plan for AmericansKenya has temporarily suspended a controversial United S...
29/05/2026

Kenya Pushes Back Against US Ebola Quarantine Plan for Americans

Kenya has temporarily suspended a controversial United States plan to establish an Ebola quarantine facility for Americans exposed to the virus, following intense public backlash and legal challenges. The proposed facility, which was expected to be located at Laikipia Air Base, aimed to quarantine U.S. citizens exposed to the Ebola outbreak currently affecting parts of the Democratic Republic of Congo and Uganda. However, Kenya’s High Court intervened after concerns were raised over public health risks, constitutional rights, and the lack of transparency surrounding the agreement.

The suspension comes amid growing opposition from Kenyan medical professionals, civil society organizations, and legal groups who warned that the move could expose Kenya to unnecessary health risks despite the country not reporting any Ebola cases. Rights group Katiba Institute argued that the arrangement lacked public participation and parliamentary oversight, while the Kenya Medical Practitioners, Pharmacists, and Dentists Union threatened industrial action if details of the deal were not made public. The U.S. government had reportedly committed over $13 million toward Kenya’s Ebola preparedness as part of the broader plan.

The proposed quarantine strategy also sparked widespread debate internationally, with critics questioning why exposed American citizens would not instead be treated within the United States. Public reaction across social media platforms reflected concerns about national biosecurity, fairness, and global health responsibility. As the Ebola outbreak continues to spread in Central Africa, the Kenyan court’s decision has intensified scrutiny over how governments manage international health emergencies and cross-border disease containment efforts.

South Africa Sees Historic Rise in Producer Inflation and Business CostsSouth Africa’s producer inflation has surged to ...
29/05/2026

South Africa Sees Historic Rise in Producer Inflation and Business Costs

South Africa’s producer inflation has surged to its highest level in 16 years, raising fresh concerns about the country’s economic stability and the rising cost of doing business. The sharp increase reflects mounting pressure on manufacturers and producers who are grappling with soaring energy costs, fuel price hikes, and broader global supply chain disruptions. Economists warn that the spike in producer inflation could eventually filter through to consumers, increasing the cost of goods and services across the economy.

The latest figures indicate that sectors linked to petroleum, chemicals, rubber, and plastics were among the biggest contributors to the inflation surge. Rising fertilizer and fuel costs have also intensified pressure on industrial production, particularly as global geopolitical tensions continue to affect energy markets. Analysts believe the increase could influence future decisions by the South African Reserve Bank as policymakers attempt to contain inflation while supporting economic growth.

Business leaders and investors are now closely monitoring inflation trends as concerns grow over the long-term impact on investment, manufacturing output, and consumer spending in South Africa. While producer inflation serves as an early indicator of future retail price increases, experts caution that continued cost escalation may weaken purchasing power and slow economic recovery efforts. The development adds to broader economic challenges facing Africa’s most industrialized economy as authorities seek strategies to stabilize inflation and restore confidence in the market.

MTN MoMo Breaks Ground on ‘Wina Nyumba na MoMo’ Grand Prize HouseMTN Mobile Money Zambia has officially broken ground fo...
29/05/2026

MTN MoMo Breaks Ground on ‘Wina Nyumba na MoMo’ Grand Prize House

MTN Mobile Money Zambia has officially broken ground for the construction of the grand prize house under its ongoing “Wina Nyumba na MoMo” campaign, marking a significant milestone in one of the company’s biggest consumer promotions. The groundbreaking ceremony took place at the designated handover site and signals that the campaign is moving beyond promises and into something tangible, an actual house being built for one lucky customer.

The promotion continues to reward customers for using MTN MoMo services in their everyday lives. From depositing money into mobile wallets to sending money, paying bills, buying airtime and bundles, and making merchant payments, customers are automatically entered for a chance to win. MTN has also encouraged users to transact through the new MoMo App, where customers can reportedly double their chances of walking away with prizes. In addition to the grand prize house, participants also stand a chance to share in over K5 million in monthly cash rewards as the campaign progresses.

At a time when mobile money has become part of daily life for many Zambians, the campaign has generated growing public interest by linking ordinary transactions to potentially life-changing rewards. While promotions often come and go, the visible start of construction adds a different level of credibility and anticipation around the initiative. With the campaign still ongoing and the house now officially under construction, MTN says the next winner could be anyone actively using MoMo services today.

Happy Africa Freedom Day
25/05/2026

Happy Africa Freedom Day

Address

Suite 3, Plot 1728/M, Main Street, Ibex Hill
Lusaka
10101

Alerts

Be the first to know and let us send you an email when Solwezitoday posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Solwezitoday:

Share

Category