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FOCUS ON ZAMBIA: A Beacon Of Peace And Macro-Economical Stability For Africa

Zambia is boosting economic transformation in order to fulfil its Vision 2030 target of becoming a middle-income nation.

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Zambia is boosting economic transformation in order to fulfil its Vision 2030 target of becoming a middle-income nation. Through its Seventh National Development Plan, the five-year plan currently underway (2017-2021), it aims at building a strong and diversified economy through the implementation of growth reforms and fiscal consolidation, with an in-depth focus on private sector investment in infrastructure and agricultural development. “The prospects of going forward are huge,” states Dr Denny H.Kalyalya, Governor of the Bank of Zambia. “For an investor looking for good returns, a peaceful and liberal environment, Zambia is the place to be.”

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“By 2030, we want to see a Zambia where every citizen has access to safe clean water, food, decent housing, electricity, quality education and health services and decent jobs. In pursuit of this vision, we need to transform into a smart Zambia.”


President Edgar Chagwa Lungu

Infrastructure and ICT

‘Smart Zambia’ sees ICT as a key driver of socio-economic development and an essential tool to achieving Vision 2030’s goal. In 2018, the government launched a US$280 million project will add 1,009 communication towers to the hundreds already built and boost mobile penetration rates to 94%. “We believe it’s an enabler of business and commerce. We want to make sure that our service provision is on the back of ICT,” clarifies Hon. Brian Mushimba, Minister of Transportation and Communications. Support for technology is also strong in e-government, with an agenda aimed at modernising and automating payment and revenue collection processes. “The government agenda to come up with smart cities is going to help create demand for the ICT sector and is going to transform the culture of the nation in ICT,” declares Hai Telecommunications Managing Director, Samson Longwe.

The Green Revolution

President Lungu’s ‘green revolution’ is key to driving Zambia’s economy, contributing approximately 70% to its GDP and 10% to its economic growth. “This creates a lot of employment for our women and the youth,” affirms Michael Katambo, Minister Of Agriculture. “For production to be enhanced, the government is targeting all farmers and trying to get them to access financial institutions, so that they can access loans and buy small-mechanised equipment.” In an attempt to liberalise production of staple crops, including rice, millet and cassava, Zambia is also offering zero corporate tax for the initial five years from the first year profits that are made in the agricultural sector.

Building Electrical Alternatives

Hydropower constitutes 95% of the nation’s total power supply, however Zambia is intent on increasing the diversification of its energy sources to make its energy markets more competitive. “Ideally, we want to be the net exporter of electricity because as a landlinked country, it’s easy for us to import and export electricity,” claims Hon. Matthew Nkhuwa, Minister of Energy. “We want to build interconnectors for our neighbouring countries, so in the event that there may be a shortage, power can be tapped from alternative grids.” In late 2018, Zambia and Angola signed a US$5 billion deal to construct an oil pipeline that will pass through the two countries.

Geo-Location

On top of all this, Zambia’s breathtakingly beautiful and alluring geo-location has the enormous potential to become, according to Hon. Charles Banda, Minister of Tourism and Arts, “ one of the top five destinations in the world.” Managing Director of Zambia Airports Corporation Limited, Fumu Mondoloka confirms: “We are conveniently positioned to be the aviation and tourism hub we want to be.”

Industrialisation and Diversification

Key to Zambia’s path to macro-economic and peaceful stability is the nation’s industrial agenda. Privatisation and strong mineral prices have boosted the country’s mining activities over the past few years and the government has consequently invested heavily in building its private sector and other industries. “It is vital to structure an effective fiscal regime for the mining sector to ensure that Zambians benefit from the mineral wealth our country is blessed with,” emphasises Zambia’s Minister of Finance, Hon. Margaret Mhango Mwanakatwe. Furthermore, US$21.7 million have been invested in various Multi Facility Economic Zones and Industrial Parks in the country in order to create a platform for Zambia’s economic development by attracting FDI through robust policy and incentives, emphasising industrialisation and diversification. Zambia’s promoter of trade and investment, Zambia Development Agency (ZDA), recorded US$3.9 billion of projected investment in 2018 in a number of sectors of the economy with a focus on diversification. Hon. Dora Siliya,  Minister of Information states: “I think diversification opens up whole new opportunities in tourism, agriculture, ICT and the energy sector.” There is no doubt that Zambia is in the process of unlocking its enormous potential to become a regional hub in a number of sectors. As Vice President, Hon. Inonge Mutukwa Wina affirms: “To business people and investors alike, the certainty of peace, tranquillity and unity in diversity are combinations that make Zambia stand out in the eyes of the commercial world.”

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BOSS X Meissen Capsule Collection Inspired by The Big Five

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Johannesburg, 6 December 2019. BOSS celebrated its holiday capsule with an exclusive event on the 4th of December in Johannesburg.

Two internationally recognized German brands BOSS and Meissen came together for the first time. Inspired by Meissen’s celebrated Big Five figurines, a groundbreaking new collaboration united the two brands’ shared passions for quality, design and creativity.

The Big Five collection, designed by sculptor Maximilian Hagstotz, features the African lion, leopard, elephant, rhino and buffalo, each decorated with a monochrome pattern placed to emphasize the animal’s characteristic traits.

These majestic creatures, depicted in an angular style inspired by traditional African wooden sculptures, are the starting point for a unique capsule collection of BOSS Menswear and Womenswear.  The fashion capsule collection includes both casual and formal pieces for men and women, all in a monochrome palette of black and white.

To honor this special capsule and collaboration, BOSS and a local franchise partner SURTEE Group hosted an exclusive dinner just in time for the holiday season, with a special guest in attendance – the founder of Elephants for Africa organization Dr Kate Evans.

Guests, dressed in black and white, were greeted by a life-sized white Meissen elephant statue with elegant black and white canapés and black martinis awaiting them. The sophisticated evening had everything from the food, to the décor, drinks and dress code following the monochromatic theme. The charismatic Mark Bayley and former Miss South Africa Jo-Ann Strauss kept VIP guests entertained as co-hosts.

The evening culminated with a private performance by South Africa’s much loved Mi Casa. 

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Business Veteran Scoops Top Vision 2030 Award

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Business veteran and Group CEO of ITHUBA Holdings, Charmaine Mabuza has scooped the Top Woman in Education Award at the Vision 2030 Awards recently held in Emperors Palace, Gauteng.

This award recognizes Mabuza for her contribution in the South African education sector through the Eric and Charmaine Mabuza Scholarship Foundation.

The Foundation, established in 1999 by Mpumalanga business veterans, Advocate Eric and Charmaine Mabuza initially supported young and talented matriculants in the Mpumalanga region to further their tertiary studies. Since then, the Foundation’s reach has expanded throughout South Africa, producing Doctors, Accountants, Engineers, Quantity Surveyors and many more.

Commenting on the award, Mabuza said: “This award represents many years of hard work and determination towards the advancement of equal access to quality education for all South Africans. The mission of the scholarship foundation is to eradicate poverty through education, particularly in previously marginalized communities. As corporate leaders, we know that there is still a lot to be done, but we are ready and willing to do our part. We look forward to another decade of serving the nation”.

One of the beneficiaries of the Scholarship Foundation, Dr. Kate Lusiki who now works at the Rob Ferreira Hospital expressed her gratitude: “Since I started working, I have been able to renovate my mother’s house. I am currently staying with my older sister whom I am putting through college so that she too can also have a solid educational structure. I am able to do these things for my family because the Advocate and Mrs Mabuza afforded me an opportunity to education. This Foundation to me, has been like a better life handed to me on a silver platter, and for that I am eternally grateful.”

The 2020 Scholarship programme will launch with the new intake of students on 12 January with a week-long programme at the ITHUBA offices in Sandton.

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The Re-Awakening Of Some Of The Rarest Whiskies In The World: Johnnie Walker Blue Label Ghost And Rare Glenury Royal

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The season just got a bit more sensational for whisky connoisseurs, as Johnnie Walker releases the third installment in its ‘ghost’ series, with the remarkably rare and limited edition, Johnnie Walker Blue Label Ghost and Rare Glenury Royal.

This exceptional blend with bewildering layers of depth highlights, notes of candied fruits, spices and unrivaled smokiness. At the heart is the Glenury Royal whisky – the perfect gift to that whisky collector or whisky afficionado.

Ghost and Rare remains in dwindling supply since the shutdown of its birthplace, the iconic Highland distillery, Glenury Royal in 1985. Each bottle is handcrafted in small batches by the combined expertise of a small team of passionate blenders led by master blender Jim Beveridge,the sixth in an unbroken line of master blenders stretching back almost 200 years.

Ghost and Rare is complexly layered with the sweetness of honey and elegant smoke for a long and lingering incomparable finish. With only 1,600 uniquely numbered bottles in Nigeria and only 60,000 bottles made globally, this is a whisky that few others will ever get to taste.  

As one of the most sought-after whiskies in the world, Ghost and Rare is a perfect Christmas gift to appreciate a loved one or a discerning drinker who continues to walk with you.

Enjoy Johnnie Walker responsibly. Not for persons below 18 years

Content provided by Johnnie Walker

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