Connect with us

Zambia News

Zambia marks Sanlam Life Insurance’s 20th anniversary

Published

on

On December 14, 2022, Sanlam sponsored a gala dinner with some of the most prominent figures in the financial sector to commemorate 20 years of constantly fostering confidence in insurance services in Zambia. Sanlam leadership, financial industry regulators, and other significant players were also present at the event to highlight the significant turning point in the organization’s long journey as a client-focused service provider in Zambia.

Ms. Namakau Ntini congratulated Sanlam on its 20th anniversary in a speech she gave at the gala dinner on behalf of the Acting Registrar of the Pensions Insurance Authority (PIA). “We appreciate businesses that support the growth of our financial services sector, like Sanlam Life Insurance. As a regulator, it is our responsibility to create a stable and equitable environment that is favorable to the development of the insurance business. Economic change is the cornerstone of our institution’s strategy.

Mrs. Ntini also commended Sanlam Life Insurance for helping to build industry confidence locally and for their dedication to upholding values and operating in accordance with the regulations set forth by the Zambian insurance regulators.

Munyaradzi Javangwe, the CEO of Sanlam Life Insurance in Zambia, said during a speech at the gala dinner that “Sanlam Life Zambia, which is a subsidiary of the Sanlam Pan Africa company, acquired Africa Life Insurance in November 2002. The organization has witnessed the entity solidify its leadership position in the market and evolve into a customer-centric organization over time. Mr. Javangwe went on to say that Sanlam Life Insurance has maintained capital adequacy cover (CAR) of more than 6 times the required regulatory minimum capital while keeping reputable regional and international reinsurance partners for additional underwriting capacity. Sanlam Life Insurance has more than 25% market share (by revenue) out of 13 licensed life insurance companies in Zambia.

By collaborating with projects like Ayo, Kazang collaborations, and other ongoing initiatives, Sanlam has raised the penetration rate and uptake of insurance while also fostering financial inclusion. Through these programs, they are able to provide insurance coverage to its clients from all walks of life.

Sanlam Life Insurance customers can take part in the 20th anniversary celebration on social media by using the hashtag #LiveWithConfidence, where they can win a range of gifts.

Zambia News

President Hichilema to Visit Seseli Mine

Published

on

By

Seseli Mine in Chingola

President Hakainde Hichilema is scheduled to visit Seseli Mine in Chingola on the Copperbelt, where a number of illegal miners find themselves trapped in a flooded open-pit mine. The announcement was made by Copper Minister Elisha Matambo during a press briefing in Chingola, reflecting the government’s commitment to addressing the critical situation.

Minister Matambo expressed confidence in the measures and interventions implemented by the government, ensuring that the ongoing rescue mission will reach the trapped miners. The President’s visit underscores the gravity of the situation and the government’s hands-on approach in coordinating the rescue efforts.

Mines Minister Paul Kabuswe provided further assurance, stating that safety precautions are rigorously being followed to maximize the chances of a successful rescue operation. He emphasized that the government has engaged with families affected by the incident, with twenty-seven families having come forward to claim missing relatives.

Source: aljazeera

In other news – It all ended in tears for Faith Nketsi

News that well-known Mzansi reality TV star and influencer, Faith Nketsi whose full name is Mapholoso Faith Nketsi was finally divorcing her short-term husband Nzuzo Njilo was met with relief from fans of the reality star and businesswoman.

Faith Nketsi

The reason behind the celebration of the divorce was because Faith’s brand took some knocks when her husband’s corrupt business ways were aired on the covers of Mzansi’s biggest. Read more

Continue Reading

Zambia News

PF MPs Urged to Embrace New Leadership Dynamics in National Assembly

Published

on

By

Robert Chabinga

The leader of the opposition in Parliament, Robert Chabinga, has commended President Hakainde Hichilema for demonstrating a spirit of unity and magnanimity towards his predecessor, former President Edgar Lungu. In the midst of heightened provocations, Mr. Chabinga emphasized that President Hichilema and the United Party for National Development (UPND) are not responsible for the challenges within the former ruling Patriotic Front (PF).

Speaking from his position as the Member of Parliament for Mafinga, Mr. Chabinga advised PF Members of Parliament to acknowledge the changed leadership in the National Assembly. He urged them to embrace discipline and decorum in the legislative body, emphasizing the importance of non-political conduct and effective representation aligned with the wishes of the electorate.

“President Hichilema has demonstrated love towards his predecessor, former President Lungu, even in the face of heightened provocation. The challenges within the PF should not be laid at the doorstep of President Hichilema and the UPND. It is essential for PF MPs to accept the new reality and move forward,” stated Mr. Chabinga in a statement issued to ZNBC News in Lusaka.

He underscored the importance of maintaining discipline in the National Assembly, urging MPs to prioritize the interests of the people who elected them. Mr. Chabinga emphasized the need for constructive checks and balances from opposition MPs, fostering an environment of cooperation and effective governance.

“Opposition MPs have a crucial role in providing constructive checks and balances in the House. It is imperative for all MPs to refrain from antagonizing one another and focus on contributing positively to the legislative process,” added Mr. Chabinga.

Source: Lusakatimes

Continue Reading

Trending