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MMAZ commends investment fund

Mobile Money Association of Zambia (MMAZ) has welcomed the move by the government of introducing an investment fund for mobile money booths operators.

MMAZ Secretary, Chris Sichende said the move has come at the right time when many youths who are in the mobile money business need some form of funding to boost their businesses.

“We had this challenge where agents especially in the Central Business District (CBD) were being relocated and their booths were being removed, this investment fund is a positive move,” Mr Sichende said.

He added that the investment fund program should be done through a platform that will ensure accountability and transparency.

“We need to ensure that these funds are put to good use and that they are not diverted elsewhere,” he said.

The secretary further said mobile money agents should be put in places where they can be monitored because it will make it easier to give funds and help as many as possible.

Meanwhile, a Lusaka based mobile money booth operator, Aston Chishala said the idea is a good one and only depends on how it will be implemented in order to help everyone.

“It will help us to move forward with our businesses looking at how the economy has been of late and we could use some funding to boost our businesses,” Mr Chishala said.

He has urged Lusaka City Council (LCC) to find secured places for mobile money booth operators who were removed from undesignated areas.

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