ATLAS MARA PROJECTS K4.8BN AGENT TRANSACTIONS

ATAR has pledged to build strong economic ties with Zambia and other African nations to enhance trade and investment.

O“We believe so much in investment, diversification of income because we are an oil and natural gas country,” Qatar Ambassador Tariq Ali Faraj Al-Ansari said in an interview in Lusaka recently.

Mr Al-Ansari said when he visited Zambia during the launch of the Qatar Airways that international cooperation was one of the most important pillar of its national vision.

He said his country was committed to supporting the South-South cooperation, which was exceptional

VER K4.8 billion is expected to be transacted through the Atlas Mara Agent banking by September next year, as the institution breaks down barriers of entry to formal financial services.

Atlas Mara has therefore launched Tenga Express Agent Banking which will enhance access to the bank's financial services by increasing the points at which customers can make transactions.

This product is as a result of partnerships with the Rural Finance Extension Programme (RUFEP), Zambia Postal Services Limited (ZAMPOST) and Tenga Express Agents.

Mr Al-Ansari Atlas Mara Chief Executive Officer, James Koni, is confident that Tenga Expeess will create access to basic financial services for all regardless of level of income. THE mining sector has

"This banking at commurequested a review of the

nity level will further improve Mineral trust and Royalty confidence Tax in structure, bankimportant in the face of the He stated that civil avi

to ing a increasing and sliding-scale increase challenges the system during uptake that

ation had helped in supthis is levied pandemic. on a of banking products pay-as-you-earn such and porting the connection beinvestments and savings. basis. Mr Al-Ansari said this retween countries and would

"This will also breakdown

In particular, the sector hopes quired further cooperation enhance the movement of

barriers of entry to formal and that

banking," coordination such reforms Mr Koni for will said the allow yesdemining trade, business and tourism. velopment companies and to deduct prosperity mineral of

terday in Lusaka during the With the launch of the the royalties people from and the Africa. tax they pay Mr Mbulo to indicated Lusaka, that Mr

At the same function, ZAMlaunch of that Tenga Express new on flight

the Al-Ansari project said which this started would POST Deputy Director-Busi

profits. Agent He Banking. noted that trade, investment in boost September tourist last arrivals year was as ness Development, Kamenda

The He two indicated and key measures the that aviation Atlas would industry projected more traveller to record would mobile use Imbuwa,said the institution

Mara currently are key has to support800 reg

restore confidence among ing istered the South-South Tenga Express cooperAgents transactions Doha international worth over airport K4.8 was engaged in agent bank

investors, ‘pressing go’ on stalled ation. around the country. billion to visit by Zambia. next year. ing with five banks.

expansion projects, including First "The Mr Imbuwa said the part

Mr “We Koni believe said his so organisamuch in In aim addition, Dr of Beene the project nationals is to

Quantum Minerals and Lubambe’s ensure investment tion would soon as a soft roll out power up from other that Atlas countries Mara around reachnership with Atlas Mara

respective to 10,000 touch US$1 points billion across projects es its targets Tenga Wallet and trade as well as aviaZambia would use Qatar to would therefore assist ZAMtion which the country. because have been these on hold things while connect to other nations, customers Dr and Beene provide indicated serPOST that in executing its “The manindustry is very positive vice points the within President-elect, their comdate of providing that financial with this common-goal create awaiting RUFEP a basket these National of particular sources Coordireforms. of which Hakainde

he said was going to munities. Hichilema, services. tone to approach to the way forward, there income nator, This is Michael and according this Mbulo, is one to comthe said has reset the

enhance trade, investment ponent Zambia the institution of Chamber the Qatar of national Mines (ZCM) and "We also one of rebuilding confidence and will be more of a partnership with

was working tourism support between the bank the "We intend to scale up with Atlas in developing products taiagent banking with this partvision,” President, Mr Mara Godwin Al-Ansari on a Beene. two-year said. two states. spurring growth. Government than we have ever project to promote financial lored specifically for customnership to 140 post offices inclusion. er needs," he said. across the country," he said.