Real Estates Investments posts K29m loss Liquid

Telecom unveils cyber security unit By

Mr Pulu said these reliefs resulted in revenue reduction of K17.2 million.

“Whilst these measures negatively impacted on the

Group’s top line it ensured the

Board of Directors desire for having sustainable clients for the future.

“The depreciation of the

MFEZ industrial

Kwacha by 51 per cent during the year created a major mismatch between the

yards on course

Group’s dollar denominated

REAL Estate Investments obligations and the

Zambia PLC (REIZ) has aforementioned measures

BUUMBA CHIMBULU cyber security offerings into

one unit to address growing

reported a loss after tax

LIQUID Telecom has un- By BUUMBA which concerns. effectively CHIMBULU rendered yards in the LS-

of K29.9 million for 2020 veiled a cyber security unit the “Although Group’s income we’re unveiling in Works local are going

and the contractor compared which offers with a profit end-to-end of CONSTRUCTION currency,” the cyber he security said. of unit to-

on site.

K19.8 managed million services the previous for digital industrial Mr Pulu yards said in despite the the

day, Liquid Telecom is not

Lusaka new South to this Multi- space. We “Once that facility

have year security due to solutions. the impact of various headwinds faced done, we will be

Transparency vital in

Facility successfully Economic secured

The offering is designed our

Covid-19 pandemic. Zone during (LS-MFEZ) the year, the Group to see SMEs move

to protect customers at ev- own network for the past 15

The Covid-19 pandemic which was will able boost to meet local all the its zone and operate

managing risks - expert

ery intersection of their dig- years, and now through our has had a significant adverse participation financial strategic obligations in partnerships the from there,” Mr

itally transformed business with

impact said. including on business network, and people, on area Netskope, is He expected highlighted Logicalis, to some Micro- of

By BUUMBA CHIMBULU the He also observed and firm’s systems, revenue, revolutionising according be completed the soft other and key Cyber in the drivers Risk of Aware, the

next we 12 months. have curated the need best to increase to how the financial cyber security results posted is ap- Group’s performance incentives as the to investors

volatility of operating environment Participation has increased on despite proached. the Lusaka an improvement Securities in risk solutions in the industry to

of local K151 investors million exchange willing loss to invest practices across most This public is according sector Institutions to Liquid address the changing de-

Exchange (LuSE). in the in economic 2020 compared with the K41 zone. Mr Kunda

over time. Telecom Group Chief Digi- mands,” Mr Behr said.

This demands greater According transparency to an and order of zone million is currently in 2019 brought expressed about concern

tal Officer, David Behr, in a He said this would allow

accountability for managing the impact of risks the board signed by company low due by customers the to, Kwacha among to focus depreciation. that Zambia had

on their in the operating statement environment across in Lusaka the public yester-

other reasons, the competition from sector, Institute secretary, of Risk Management Louis Pulu, Zambia some day. core Mr business Pulu said offering an increase while

minimum investment countries such

(IRMZ) Executive of Director, the Mr clients Behr Francis particularly explained Ziba. bar that in Liquid finance Telecom costs by 76 manages

Rwanda, per Kenya,

Mr Ziba said the operating environment has also of US$500,000 which

their complete IT environ- owners, cyber security cinema was operators, a real and some cent, locals again say driven is by Egypt, the South Africa,

become complex and ambiguous and hoped that risk management night imminent in Zambia club and ment.

threat especially casinos to were the busi- prohibitive. depreciating Kwacha, Mozambique from and public sector would nesses now be and essential. their end-users, Mr Behr noted that while

temporarily shut down in a LS-MFEZ K22.8 million Business in 2019 Zimbabwe to K40.2 that

Risk management, as highlighted he said, should by become the survey an many African companies al- integral part of bid planning to halt and the decision-making spreads of the Development million. better incentives.

commissioned in August ready had some level of pro-

processes. Mr Kunda said Coronavirus. 2020 by Liquid Telecom. Manager, He Francis said the Group was

tection, this safeguard may

He said this followed the launch of the Risk

Kunda, said minimum US$ Management Framework Mr He Pulu said for indicated the the public Information sector that in expected

not be designed to perform to better protect

construction works of 000 investment

Zambia that was restaurants Technology done by Finance had (IT) Minister, their decision Bwalya in 2021 as most of the investors rental to qualify

an organisation at every lev-

Ng’andu, in Lusaka on Tuesday this week. the industrial yards

el of its operation. operations makers across curtailed Africa in the were were concessions currently on previously available incentives

“This framework could not have come at a better

interest of the public health time especially now asked when for the world insights is grappling on cy- course. granted to tenants were was a limiting

Although we’re with ways and means ber security of managing trends, the risks with 57

and safety. Mr either Kunda reduced unveiling or removed the local cy- businesses. caused by the pandemic per cent of Coronavirus. of those surveyed explained completely that the as however said

ber security they were unit no

“Government and “The organisations Group had need no to find

stating that there was an

a renewed focus of managing and dealing with industrial yards, had been lobbying

option increase but in to stop threats invoicing over the longer deemed today, necessary. Liquid Tel-

these risks,” Mr Ziba said in a statement. once completed, its parent Ministry

Mr Ziba said IRMZ tenants COVID-19 expected in the pandemic the hospitality document period. to and would boost However, ecom local Mr is Pulu not said new

Commerce Trade be a highly valuable Mr source Behr of ideas said to while continually many entertainment sector for a participation it to was this worth in space. the noting We that have

Industry which

refresh and improve the management of risk in employees across the conti- successfully remain secured over the four-month period. zones. talking to Ministry

Government once in use and fully implemented. economic concerns

our own network Finance for to improve IRMZ, he indicated, nent “In hoped addition, were that returning the in an framework effort to work, to He persistent explained pandemic in climate, would truly help organisations and improve risk management are embracing the past 15 years,

incentives. and assist the Group’s tenants an interview and the disruptions that brought further as the public a hybrid institutions model embed of digital this as a and now through our stra-

the industrial yards “For investors routine part of how cope they with operate. the effects of about tegic by partnerships the Covid-19 virus. with

onsite working.

Mr Ziba said Zambia was now better placed to would enable small qualify, one has

the He pandemic said as such and ensuing there were Netskope, Mr Pulu said Logicalis, it was invest minimum

innovate and deliver better results for the public and medium sized with the framework adverse increasing in place. economic concerns conditions, over the entrepreneurs anticipated Microsoft to that set and the Cyber planned US$500,000 and

He said the framework security would of go data, a long shadow way IT

further measures such as up businesses vaccines Risk Aware, roll in out the we during have some the of the local in helping the public and sector the meet financial objectives implica- contained in the rental Seventh discounts National Development and capping zone. year curated would the restore best confidence investors solu- that

Plan of improving tions service of delivery a security and achieving breach.

of the United States (US) “That in tions consumer one is in on the patterns the industry limiting bringing to factor. value for money. Mr Behr said Liquid Tele- address we have the changing you invest less

dollar rental invoices in table about and increased economic

Mr Ziba hoped com that risk had management strengthened in Zambia its

Citizen demands. Economic S$500, 000 you and especially Kwacha the public sector were would introduced,” now be he activity.

essential and an integral part of planning and and Empowerment not be entitled

explained.

decision-making processes. Commission who are incentives,” Mr

constructing industrial said.