Betty Povia

07/05/2025

I read a quote that said,
"You can't add days to your life, but you can add life to your days".
And that just changed my whole outlook on life.

We are so consumed in our plans for tomorrow and forget about today.

Today matters, today must be celebrated.

Life is a short trip, take a moment to smell the roses as you trim the hedges.

11/04/2025

30/03/2025

PFM
Personal Financial Management is one of the topics that is not given the amount of attention it deserves.

However, the absence of it can have devastating effects on our lives.

It is time to end our bad financial habits and effectively account for the allocation of our resources, as we meet our current but, most importantly FUTURE needs.

I recommend you start by:

- Income expansion
Increasing your streams of income to a minimum of 3 to avoid the instant devastation that comes with the loss of one and avoid the imbalance it creates.

- Budgeting
Have a clear record of your total monthly income and expenditure ensuring you stick to the budget.
Clearly defining your wants and needs can help you stay on course.

-Record Keeping
Record, reconcile and review your quarterly and annual resource allocation. This includes your assets , tax liabilities and pension scheme contributions.

Others include investing in financial literacy on how to:

- Invest your earnings
- Control your debt
- Create emergency funds
- Manage your cash flow
- Be tax compliant
- Plan your retirement.

Congratulations Felix Mwansa, for hosting yet another impactful Seminar, on Personal Financial Management.

29/03/2025

25/03/2025

If you have not gotten yourself a copy of the book, As You Rise by Mizinga Melu by now, then you are definitely missing out on invaluable leadership content.

The authenticity and vulnerability of the writings of this book, make it so easy to seamlessly fit into Mizingas' shoes, through her amazing story telling, as you relate to your own path, through her lens of her journey to the top.

It is a masterclass on leadership and will definitely give you the required insight, on how to become more visible as you intend to rise but, also ensure that you stay there and create meaningful impact.

It is a must read I highly recommend.

11/02/2025

Public Notice: The Bank of Zambia is pleased to announce the introduction of a new family of the Zambian currency to be launched on March 31, 2025. The new currency family consists of six banknotes (K500, K200, K100, K50, K20, and K10), and six coins (K5, K2, K1,50N, 10N, and 5N).

Highlights

· A new family of the Zambian currency, consisting, of six banknotes (K500, K200, K100, K50, K20, and K10), and six coins (K5, K2, K1,50N, 10N, and 5N) will be launched on March 31, 2025.

· The introduction of the new family of the Zambian currency is pursuant to Section 17(1) of the BoZ Act, 2022.

· The alpha code (ZMW), the numeric code (967), and the currency symbol (K) will remain unchanged. As will be the value.

· The design of the new currency draws inspiration from the country’s rich heritage, featuring elements that celebrate our unique flora and fauna, and breathtaking waterfalls.

· This initiative, which was kick-started by the Board approval in July 2021, reflects the Bank’s commitment to providing currency that is secure, efficient, user-friendly, and well-suited for everyday transactions.

· The Minister of Finance and National Planning will soon issue a Statutory Instrument (SI) detailing the procedures for exchanging the old currency for the new. The SI will also specify the exchange period as well as the designated exchange points across the country where the public can exchange their old currency for the new currency.

· To facilitate this change, the Bank will launch a country-wide sensitisation campaign to educate the public about the new currency so that everyone understands and becomes familiar with its features.

· Members of the public are encouraged to continue using the existing banknotes and coins, which remain legal tender until the time to be specified in the SI

· The Bank apologises for the current poor state of the banknotes. With the introduction of the new currency, this should soon be a thing of the past.
Full Statement by Governor, Dr. Denny Kalyalya:
https://www.boz.zm/Public_Notice_Introduction_New_Currency_2025.pdf

06/02/2025

5 Impactful years of existence.