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The markets have been all over the place the last few years, from covid, to economies weakening, to inflation rising to an all-time high, to war and bad choices by the powers that be. Let’s face it; the odds are stacked against good returns. Markets are much more volatile than they used to be. Just as markets stabilise and everything is back to normal, something else upsets the status quo.
Is the world of investing and investment doomed, or can you still make a decent return on your financial portfolio? Investors are used to seeing negative or single-digit growth in their money that it is hard to imagine good returns. Risk is more prevalent in the market year after year, and your money is battling to work for you and earn decent returns.
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One of the best ways to invest with the prospect of a good return is diversification. It is difficult to time the market, so spreading the risk of your investment to is an excellent way to help avoid any losses. The impact of a loss may only occur on one fund while the other funds in your portfolio remain profitable.
\r\n\r\nDiversified funds are an excellent way to invest for retirement. They are long-term investments that reap favourable average returns over time.
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Environmental, social, and governance (ESG) investing is investing in shares of companies that follow corporate governance and act responsibly and sustainably. This is in how they treat employees, how they operate, and how environmentally friendly their processes are. ESG funds protect the environment and still have the potential for good returns.
\r\n\r\nA recent study has found that companies with high ESG scores have delivered better risk-adjusted returns than those with low ESG scores and, over the last five years, have often outperformed non-ESG funds.
\r\n\r\ndeVere offers an ESG sustainability fund through DVAM funds.
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Structured products or fixed-income funds are suited to those investors with a lump sum who want to earn a fixed income on a deposit, as they provide a steady income stream and more stable returns than stocks.
\r\n\r\nFixed Income products are generally understood to carry lower risks than stocks; however, since the risk is lower, they may not offer the most significant potential return but can play an essential role in a diversified, balanced financial portfolio.
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A financial advisor can help diversify your investment portfolio and structure it as tax efficiently as possible. A carefully selected diversified fund can mitigate risk and offer favourable returns during uncertain economic times.
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Finance has come a long way with the development of fintech (financial technology). Online services made life easier, and now apps allow us to transact, save and invest anywhere, anytime, no matter where we are in the world.
Each year, more and more finance apps are available to allow you to have savings accounts, save for retirement, take out a private pension, build wealth, open an investment account, and take out insurance. It seems like a one-stop shop. But the downside is that no personal service or financial advice is offered when making investment decisions. Choosing funds or which savings app to use is up to the individual.
\r\n\r\nTraditional financial advisors have the knowledge, skill and financial expertise to help you plan your financial wealth-building and retirement journey according to your individual financial circumstances.
\r\n\r\nWhile modern apps can’t replace traditional long-term investing, they are one of the best ways to supplement your wealth, increase your net worth and increase your retirement value.
\r\n\r\nAdvantages of using fintech apps
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Catalyst from deVere allows you to invest in diversified world-class dVAM funds, including equity and mixed asset funds that offer a higher rate of return. This can be used for long-term savings to supplement your pension or retirement income or build a retirement rainy-day fund. Another app, like deVere crypto, lets you buy and store cryptocurrency.
\r\n\r\nTime is essential – every year counts
\r\n\r\nAs with any investment, time is the key factor in building wealth. The longer you save, the more your money will grow. It is best to start your savings journey at a younger age giving you time to build wealth for retirement.
\r\n\r\nYour financial adviser can advise on the best apps to supplement your wealth according to your individual financial needs.
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Please note the above is for educational purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
\r\n\r\n* No liability can be accepted for any actions taken or refrained from being taken as a result of reading the above.
\r\n","IsDeleted":false,"PublishDate":"2023-02-09T00:00:00","CreatedDate":"2023-02-09T16:52:47.623","WebPage":{"Id":68278,"Name":"Wealth-building-through-savings-apps","Header":null,"MetaTitle":"Wealth building through savings apps","MetaKeywords":"Fintech, Wealth, Catalyst, dVam, deVere, Investments","MetaDescription":"Finance has come a long way with the development of fintech (financial technology).","IsDeleted":false,"CreatedDate":"2023-02-09T16:52:47.623","WebsiteId":4,"WebPageTypeId":6},"BlogCategoryBlogs":[{"Id":1016,"BlogId":515,"BlogCategoryId":10,"BlogCategory":{"Id":10,"Category":"Investment"}}],"Images":[{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/original_b3bc9897-8539-4a97-972b-cfb276294a3d.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/large_b3bc9897-8539-4a97-972b-cfb276294a3d.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/medium_b3bc9897-8539-4a97-972b-cfb276294a3d.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/small_b3bc9897-8539-4a97-972b-cfb276294a3d.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/og_b3bc9897-8539-4a97-972b-cfb276294a3d.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/twitter-images/twitter_b3bc9897-8539-4a97-972b-cfb276294a3d.jpg"}]},{"Id":487,"Title":"Should I Go or Should I Stay? – When to switch funds and move on","Author":null,"Summary":"Let’s face it, market volatility makes us all nervous, and we fear losing money.","Body":"![\"\"](\"https://cmsdevere.blob.core.windows.net/images/c6911d87-eda1-440e-be21-89b8b36962ee.jpg\")
Let’s face it, market volatility makes us all nervous, and we fear losing money. Still, the ultimate question is whether we should panic and switch to funds that are performing better or stay the course until the markets even out again.
Knowing when to cut your losses or stay the course is difficult and will depend on your financial circumstances and type of investment. It is advised to consult with your financial advisor before making any major decisions that could affect your wealth.
\r\n\r\nFirst and foremost, the most important question is to ask what your investment is for and what is the intended term of the investment, e.g. for retirement, for a rainy day, for wealth building, or perhaps even for children’s education.
\r\n\r\nShort-term investing – These are generally investments that are done for shorter-term goals and could go up to about 5-7 years. Depending on the type of investment, the risk on these tends to be lower, and they are invested in more stable funds as market volatility may affect the returns. This would include more exposure to bonds and cash.
\r\n\r\nThere are times, however, when higher-risk short-term investments that offer higher returns are possible. These could include structured products and trading. You need to be knowledgeable about these products and only try these under the expert advice of your financial advisor.
\r\n\r\nLong-Term Investments These are investments that allow you to grow your portfolio and meet goals several years—or even decades—in the future. This often allows for a riskier investment as the fund will ride out the volatility and storms in the markets over the long term. This could include increasing the equities % of the investment. The risk is higher, but the returns could also be higher.
\r\n\r\nIt is important that your investment beats inflation and earns interest so that your money can grow and accumulate compound interest with time.
\r\n\r\nYour advisor will regularly review your portfolio and any rebalancing if needed. This should keep your wealth building on track. Remember that besides your financial advisor, fund managers look at market trends and adjust the composition of your funds to achieve the best returns as well.
\r\n\r\nRemember that even experts cannot time or predict how the markets will perform, so keeping your money invested over the long term is one of the best ways to ride out the ups and downs in the market.
\r\n\r\nPlease note the above is for educational purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
\r\n\r\n* No liability can be accepted for any actions taken or refrained from being taken as a result of reading the above.
\r\n","IsDeleted":false,"PublishDate":"2022-12-07T00:00:00","CreatedDate":"2022-12-07T09:13:42.867","WebPage":{"Id":66926,"Name":"Should I Go or Should I Stay? – When to switch funds and move on","Header":null,"MetaTitle":"Should I Go or Should I Stay?","MetaKeywords":"Investments, Funds, Portfolio, Financial advice ","MetaDescription":"Let’s face it, market volatility makes us all nervous, and we fear losing money.","IsDeleted":false,"CreatedDate":"2022-12-07T09:13:42.867","WebsiteId":4,"WebPageTypeId":6},"BlogCategoryBlogs":[{"Id":980,"BlogId":487,"BlogCategoryId":6,"BlogCategory":{"Id":6,"Category":"Fund Management"}}],"Images":[{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/original_76828124-3997-4b62-b3ff-bd884b9530bf.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/large_76828124-3997-4b62-b3ff-bd884b9530bf.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/medium_76828124-3997-4b62-b3ff-bd884b9530bf.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/small_76828124-3997-4b62-b3ff-bd884b9530bf.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/og_76828124-3997-4b62-b3ff-bd884b9530bf.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/twitter-images/twitter_76828124-3997-4b62-b3ff-bd884b9530bf.jpg"}]},{"Id":479,"Title":"When was the last time you made a budget for your disposable income?","Author":null,"Summary":"One thing is certain in our daily lives; unexpected costs always crop up","Body":"\r\n\r\n![\"\"](\"https://cmsdevere.blob.core.windows.net/images/6748487c-5f93-49fc-856a-cab7059455fc.jpg\")
One thing is certain in our daily lives; unexpected costs always crop up. Every month new expenses arise that we forget to include in our budget, and we wonder why we run short during the month.
You might not think your disposable income needs a budget, but you’ll be surprised how quickly it can vanish.
\r\n\r\nConsider:
\r\n\r\nAnd the list goes on and on.
\r\n\r\nIt is very easy to spend a small fortune if you do not keep track of your expenses. It could help if you kept all the receipts and added up your expenses in a month to get an accurate estimate of how much you spent. Depositing a limited amount into a separate cash card for disposable expenses is an excellent way to avoid overspending.
\r\n\r\nKeeping track of your disposable income spending could leave you with some free cash every month which could go towards supplementing your savings/investments/retirement.
\r\n\r\nAsk the advice of your advisor to help set up a disposable income budget to control your unplanned spending. zambia@devere-zambia.co.zm
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Please note the above is for educational purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
\r\n\r\n* No liability can be accepted for any actions taken or refrained from being taken as a result of reading the above.
\r\n\r\n\r\n","IsDeleted":false,"PublishDate":"2022-11-28T00:00:00","CreatedDate":"2022-11-28T09:41:30.087","WebPage":{"Id":66878,"Name":"When-was-the-last-time-you-made-a-budget-for-your-disposable-income","Header":null,"MetaTitle":"The last time you budgeted for your disposable income?","MetaKeywords":"Financial Planning, Budget, Income","MetaDescription":"One thing is certain in our daily lives; unexpected costs always crop up","IsDeleted":false,"CreatedDate":"2022-11-28T09:41:30.087","WebsiteId":4,"WebPageTypeId":6},"BlogCategoryBlogs":[{"Id":972,"BlogId":479,"BlogCategoryId":2,"BlogCategory":{"Id":2,"Category":"Financial Planning"}}],"Images":[{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/original_35d10dbf-43de-4660-98a8-46ccaa882fc6.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/large_35d10dbf-43de-4660-98a8-46ccaa882fc6.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/medium_35d10dbf-43de-4660-98a8-46ccaa882fc6.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/small_35d10dbf-43de-4660-98a8-46ccaa882fc6.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/og_35d10dbf-43de-4660-98a8-46ccaa882fc6.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/twitter-images/twitter_35d10dbf-43de-4660-98a8-46ccaa882fc6.jpg"}]},{"Id":459,"Title":"Making saving easier","Author":null,"Summary":"Saving is probably one of the most difficult things to do. It is practically coded into our DNA to spend, spend, spend","Body":"
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/dcbb10e8-0a96-4354-be69-61c317689dd9.jpg\")
Saving is probably one of the most difficult things to do. It is practically coded into our DNA to spend, spend, spend. Inheriting our parent’s bad savings habits, combined with the increasing cost of living and pressure from modern society telling us that instant gratification is the new normal, is what sabotages our best efforts.
We are also under the misconception that to save, we need to put away large sums of cash every month. A small amount every month is a good way to start our savings journey without feeling too much pressure and ultimately leading to failure.
\r\n\r\n• Start with a small amount and work on creating a habit.
\r\n• Open a separate account into which your savings can go.
\r\n• Schedule a direct debit on the day your salary gets paid into your account, so you don’t feel it in your pocket.
\r\n• Every time you get a bonus or increase, commit to putting a portion of it away into the savings before spending it e.g. 10%
\r\n• Adopt the 10% mindset and make it into a habit. This will help stick to your savings goal.
\r\n• A savings pocket can round off purchases and transfer the difference into your savings. You won’t feel it in your pocket, but your savings balance will thank you at the end of the month.
It is important to set savings goals for yourself. It could be for a rainy-day fund, a deposit for a house or that dream vacation.
\r\n\r\nThe trap is that if the goal is a large one, it is easy to get discouraged in your saving endeavours or lose sight of the huge end goal and use the savings.
\r\n\r\nMake savings goals into smaller bite-size chunks.
\r\n\r\n• Try to commit for three months at a time as opposed to a whole year.
\r\n• Reward yourself for small milestones. Like every 3 or 6 months, spoil yourself with a small reward. Positive reinforcement helps keep saving on track.
Your financial advisor can help get your savings on track and create good savings habits. zambia@devere-zambia.co.zm
\r\n\r\nPlease note, the above is for education purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
\r\n
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/99621fa7-593e-4dba-858f-a8f88f5b6a69.jpg\")
Have you reviewed your will?
If it has been quite a number of years since you had a will drafted, it may be time to review it. Your circumstances may have changed or you might have acquired more assets or sold some.
\r\n\r\nIf you want to ensure that your estate is left to the right people you intended, then chat to your adviser without delay.
\r\n\r\nThe above are only a few of many possibilities, but answering yes to any could mean your will is out of date.
\r\n\r\nAlso, being an expat and a global citizen, it is even more important to have a will in place to take care of your loved ones’ inheritance. You are most likely residing in a different country and it could have different laws when it comes to death and inheritance distribution.
\r\n\r\nWithout a will, you are handing over your last wishes to government regulations and laws. They will distribute your estate according to the country laws and your family could end up with very little, or your estate could go to other family members.
\r\n\r\nIf your circumstances have changed, then It might be good time to review your will. Don’t delay. Consult with your deVere advisor to help review your will or make use of deVere’s online wills portal. zambia@devere-zambia.co.zm
\r\n\r\n\r\n\r\n
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
\r\n\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
\r\n","IsDeleted":false,"PublishDate":"2022-07-19T00:00:00","CreatedDate":"2022-07-19T17:15:58.733","WebPage":{"Id":66300,"Name":"When-was-the-last-time-you-reviewed-your-will","Header":null,"MetaTitle":"When was the last time you reviewed your will?","MetaKeywords":"Will, Investment, Review, Expat ","MetaDescription":"If it has been quite a number of years since you had a will drafted, it may be time to review it.","IsDeleted":false,"CreatedDate":"2022-07-19T17:15:58.733","WebsiteId":4,"WebPageTypeId":6},"BlogCategoryBlogs":[{"Id":918,"BlogId":434,"BlogCategoryId":14,"BlogCategory":{"Id":14,"Category":"Wills"}}],"Images":[{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/original_0088ed9e-8a80-47f2-9c20-ccdf43db60f5.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/large_0088ed9e-8a80-47f2-9c20-ccdf43db60f5.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/medium_0088ed9e-8a80-47f2-9c20-ccdf43db60f5.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/small_0088ed9e-8a80-47f2-9c20-ccdf43db60f5.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/og_0088ed9e-8a80-47f2-9c20-ccdf43db60f5.jpg"}]},{"Id":398,"Title":"Is retirement plan being ruined by inflation","Author":null,"Summary":"Average inflation across Europe has hit the 5% barrier, the highest recorded levels in the Eurozone. Even Global inflation is at an all time high.","Body":"![\"\"](\"https://cmsdevere.blob.core.windows.net/images/9753cdb2-7171-402a-a5ba-64960beeae7e.png\")
Average inflation across Europe has hit the 5% barrier, the highest recorded levels in the Eurozone. Even Global inflation is at an all time high.
The largest contributing factor to this, is the rise in energy prices by over 26%.
\r\n\r\nAlthough economists predict that inflation will decrease as markets stabilise after being affected by Covid, this is still an attention seeking revelation. It leads us to think earnestly about inflation and how it can eat away at our investments.
\r\n\r\nExample
\r\n\r\nYou would think that an investment growing at 5% annually is a decent return on investment, but if inflation is 5%, then you are only preventing your money from depreciating. You would need to earn more than 5% to see your money grow.
\r\n\r\nA good financial advisor will factor inflation into your retirement investment strategy:
\r\n\r\nInflation could also be a deciding factor in your level of risk. If you are generally a conservative investor or nearing retirement, you might wish to move your investments into more stable vehicles that might produce lower returns. Avoid playing it too safe or you might end up losing money as inflation will eat your money if your returns are too conservative. You could end up several years into retirement with a shortage of funds.
\r\n\r\nAlways consult with your financial advisor regarding inflation beating investments. They will tailor make your investment strategy according to your unique financial situation and risk appetite. zambia@devere-zambia.co.zm
\r\n\r\nPlease note, the above is for education purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
\r\n\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
\r\n","IsDeleted":false,"PublishDate":"2022-05-17T00:00:00","CreatedDate":"2022-05-17T12:08:45.537","WebPage":{"Id":65985,"Name":"Is-retirement-plan-being-ruined-by-inflation","Header":null,"MetaTitle":"Is retirement plan being ruined by inflation","MetaKeywords":"Retirement,plan,inflation","MetaDescription":"Average inflation across Europe has hit the 5% barrier, the highest recorded levels in the Eurozone. Even Global inflation is at an all time high.","IsDeleted":false,"CreatedDate":"2022-05-17T12:08:45.537","WebsiteId":4,"WebPageTypeId":6},"BlogCategoryBlogs":[{"Id":874,"BlogId":398,"BlogCategoryId":4,"BlogCategory":{"Id":4,"Category":"Retirement Planning"}}],"Images":[{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/original_285f1aba-7e0e-4f84-8ade-699b3497e82e.png"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/large_285f1aba-7e0e-4f84-8ade-699b3497e82e.png"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/medium_285f1aba-7e0e-4f84-8ade-699b3497e82e.png"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/small_285f1aba-7e0e-4f84-8ade-699b3497e82e.png"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/og_285f1aba-7e0e-4f84-8ade-699b3497e82e.png"}]},{"Id":372,"Title":"Will State pensions be around when you retire?","Author":null,"Summary":"A study shows that about a quarter of 18–40-year-olds in the US (Millennials and Gen Z), believe that social security might not be available to supplement their income when they retire. *","Body":"![\"\"](\"https://cmsdevere.blob.core.windows.net/images/861630f8-f0e5-4e64-84b6-d48671dde0cb.jpg\")
A study shows that about a quarter of 18–40-year-olds in the US (Millennials and Gen Z), believe that social security might not be available to supplement their income when they retire. *
This is also followed by the fact that many speculate that the fund will run out of money by 2033.
\r\n\r\nThe reason?
\r\nWell, people are living longer and there are just too many people claiming state pensions. The fund cannot sustain the drain on its resources. In the past, pensions would be claimed for around 20 years, but these days pension pay outs could last 25-35 years. That’s almost double.
This alarming reality is not just a warning in the US, but in many countries offering social security old age pensions.
\r\n\r\nProfessionals must rely more on other pensions and consider social old age pensions a supplement or bonus to their main pensions. In the past, company pensions were the main source of income for professionals at retirement. Since the phasing out of defined benefits schemes, they are looking more and more to private pension plans.
\r\n\r\nAn added concern from the study was the average retirement age that each of the generations wanted to retire at.
\r\n\r\nBaby Boomers 68.8
\r\nGen X 63.2
\r\nMillennials 61.3
\r\nGen Z 62.5
Apart from Baby Boomers, these are quite low considering the average state retirement age is around 67. This retirement age goal puts strain on an individual’s retirement savings as they would have to save even more to be able to retire comfortably at the desired age.
\r\n\r\nA possible solution for retirement, is a private pension plan that an individual can control and monitor. It is a plan that they can contribute towards that will last their entire working career, unlike work pensions that get started and ended as jobs change.
\r\n\r\nStrive for stability and consistency in your retirement planning, and you could have the kind of retirement lifestyle you want at the age you want.
\r\n\r\nHow to potentially increase your chances for the retirement lifestyle you desire
\r\n\r\nIt is advisable to meet with your financial advisor to get your retirement goals on track. zambia@devere-zambia.co.zm
\r\n*https://news.northwesternmutual.com/planning-and-progress-2020
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
\r\n** No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/db79ead0-1323-43cc-a273-51b2a5559208.jpg\")
When was the last time you had your life insurance reviewed?
It is not something you think about everyday, but if something were to happen, will the cover be enough to pay off your debt and support your loved ones?
\r\n\r\nYour situation may have changed since you took out life cover:
\r\n\r\n\r\n\r\n
“You don’t buy life insurance because you are going to die, but because those you love are going to live.” - Unknown
\r\n\r\nThe purpose of international life cover is to provide you with the peace of mind that your family and loved ones are protected in the event of your premature death, no matter where you live in the world.
\r\n\r\nSpeak to your deVere consultant about reviewing your existing life cover to ensure there is enough cover to pay off debt and look after your loved ones. zambia@devere-zambia.co.zm
\r\n\r\n\r\n\r\n
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
\r\n\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
\r\n\r\n\r\n","IsDeleted":false,"PublishDate":"2022-03-16T00:00:00","CreatedDate":"2022-03-16T13:38:57.787","WebPage":{"Id":65655,"Name":"Is-your-life-cover-enough","Header":null,"MetaTitle":"Is your life cover enough?","MetaKeywords":"Zambia, blog, life cover","MetaDescription":"When was the last time you had your life insurance reviewed?","IsDeleted":false,"CreatedDate":"2022-03-16T13:38:57.787","WebsiteId":4,"WebPageTypeId":6},"BlogCategoryBlogs":[{"Id":796,"BlogId":352,"BlogCategoryId":11,"BlogCategory":{"Id":11,"Category":"Life Assurance"}}],"Images":[{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/original_2baa99b1-ce48-466c-9922-5f1772c9875a.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/large_2baa99b1-ce48-466c-9922-5f1772c9875a.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/medium_2baa99b1-ce48-466c-9922-5f1772c9875a.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/small_2baa99b1-ce48-466c-9922-5f1772c9875a.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/og_2baa99b1-ce48-466c-9922-5f1772c9875a.jpg"}]},{"Id":341,"Title":"Can you afford the Top Universities in Africa?","Author":null,"Summary":"We all want the best for our children. This includes a quality education at a reputable university.","Body":"
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/a2790649-15d3-48cd-b9f9-4dfd99d0e52b.jpg\")
We all want the best for our children. This includes a quality education at a reputable university.
Being expats living abroad, or as some like to be called ‘global citizens’, the world is your oyster, and your children will more than likely attend a university abroad. This will of course lead to you paying international tuition fees for their studies. Because you live abroad, you might no longer be eligible for cheaper education back in your home country.
\r\n\r\nThis quality education does come at a premium though. Can you afford to send your children to the best schools?
\r\n\r\nFees could end up in the hundreds of thousands. Remember to include admin fees, tuition fees, textbook fees, accommodation and transport fees, membership fees and general living expenses.
\r\n\r\nBelow are the 2022 average tuition fees for a year of undergraduate studies at the top universities in Africa compared to the rest of the world. *
\r\n
International student Fees
\r\n
| \r\n\t\t\t University \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t Global ranking \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t Tuition costs per annum for a business degree \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t Oxford university - UK \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 2 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $38 000 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Cambridge - UK \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 3 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $31 979 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Edinburgh \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 16 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $31 778 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t The University of Sydney \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 38 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $33 000 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Auckland \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 85 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $27 500 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Amsterdam (20 Bachelors’ degrees in English and 200 Master’s degrees) \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 55 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $11 000 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t Monash University Melbourne \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 58 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $47 300 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Cape Town \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 226 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $4 500 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Witwatersrand \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 424 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $3 000 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Johannesburg \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 434 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $6 000 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t American University in Cairo \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 445 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $8 820 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t Cairo University \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 571 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $2 500 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Pretoria \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 601 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $3 000 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Nairobi - Kenya \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 1001 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $5 000 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Ghana \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t 1001 \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $3 500 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Botswana \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $4 013 \r\n\t\t\t | \r\n\t\t
| \r\n\t\t\t University of Zambia \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t \r\n\t\t\t | \r\n\t\t\t\r\n\t\t\t $7 800 \r\n\t\t\t | \r\n\t\t
\r\n\r\n
If these costs are daunting or you don’t want to eat into your disposable income, you might need to invest in an education savings plan if your children are still small so you can ensure they can attend any school or university they so desire. Chat to your financial adviser about starting an education plan to ensure your children’s future education. zambia@devere-zambia.co.zm
\r\n\r\n*topuniversities.com
\r\n\r\nPlease note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/34b70073-4b7b-4c7e-bda3-fa17ce1ea80b.jpg\")
Do you spend money like a teen at a seasonal sale in the local mall?
We all fall slave to those siren song designer sales in the mall, online shopping bargains or new gadgets that hit the market? Impulse buying is a thorn in all our sides. It is the cause of us digging into our savings, or not having any money left at the end of the month. No matter how wealthy we are, we all overspend and do impulse buying.
\r\n\r\nIt’s a case of allowing ourselves to follow our wants and not our needs.
\r\n\r\nThe fact is, we work hard for our money and should spoil ourselves, but how do we prevent overspending?
\r\n\r\nSimple, budget for it.
\r\n\r\nAdd impulse buying into your monthly budget. This might seem like a strange idea, but it will keep your spending in check.
\r\n\r\nYou will be amazed at how much you could save monthly by scheduling your impulse spending into the budget. If you need help with your spending budget, chat to your deVere adviser. zambia@devere-zambia.co.zm
\r\n\r\nPlease note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/c9371ca8-8546-49ca-8d08-9165583f4d36.jpg\")
Retirement places a large emphasis on financial planning and financial security. This is important, as without money we cannot have a comfortable retirement free of financial stress. But often, the psychological aspect, which is equally important, is forgotten about. Once you have achieved retirement and are reaping the rewards of your savvy commitment to saving, what then?
It’s not all moonshine, roses and an extended honeymoon. It is just as important to do psychological planning and preparation.
\r\n\r\nFor many, strong emotions accompany retirement. These include:
\r\n\r\nThese feelings could have a serious effect on quality of life if not kept in check or dealt with.
\r\n\r\nHow can you navigate this roller coaster called retirement?
\r\n\r\nIt is important to identify and be aware of these emotions and feelings and to work on them. We look at several habits that could be adopted to prevent this detachment.
\r\n\r\nYour mental health is just as important as your financial health during retirement. Start preparing for your new mindset change before you retire
\r\n\r\n*www.kiplinger.com
\r\n
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/d2f4d308-65e1-4add-8482-2996cebe700d.jpg\")
A retirement plan for a couple looks very different from that of a single person. Most plan their retirement as a single person and never bother to adapt it when they get married.
Questions to ask yourself about your retirement as a couple
\r\n\r\nAll this is going to affect your retirement plans and income.
\r\n\r\nAs a couple, you might need a larger nest egg to cover your retirement. Your combined pension pots could offer you a better retirement lifestyle than a single income, but If one spouse is going to stay home, then you might have to increase the single pension contributions to cover this shortfall, or possibly open a private pension plan for the stay-at-home spouse.
\r\n\r\nIt is vital to consult with an adviser to determine how your retirement plans as a couple will pan out and where you are headed.
\r\n\r\nOne option open to couples that many singles can’t afford to do, is to stagger their retirement. This means that one spouse will retire whilst the other continues working, or not drawing money from all your pensions at the same time. By working for a few more years, the working spouse could build more capital in the retirement pot and have a more luxurious retirement. It will also allow them to ease into retirement and not have to tighten the belt in one go.
\r\n\r\nAnother possibility, if using your personal or company pension to live off, is to defer state pensions for a few years. It will boost the supplemental income for the couple.
\r\n\r\nAn important aspect is for couples to visualise the type of retirement that they want e.g. moving to a sunnier country like Spain where cost of living might be lower than where they live now or turning their property into a B&B for extra income. This all determines how much will be needed for retirement.
\r\n\r\nYour adviser will help you plan for retirement as a couple and ask questions that you might not have even considered yet. zambia@devere-zambia.co.zm
\r\n\r\nPlease note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/10cc05a6-2f29-487c-8f48-7112cba7b49a.jpg\")
Staggering your retirement is a strategy that could be considered for those:
Staggering retirement could be a good way to increase pension pay out or even cover the longer retirement period caused by increased longevity.
\r\nThis means not taking all your pensions at the same age but deferring some for a few years so they can increase in value and provide for a prolonged retirement.
\r\n
Examples of Staggering
\r\n\r\nStaggering pensions for early retirement or prolonging retirement income is a topic that must be discussed with your financial adviser so that they can determine if it is a viable option for you and if you will have sufficient income to maintain the lifestyle you desire.
\r\n\r\nEach person’s financial situation is different, and your adviser will create a plan of action for you to achieve this retirement method if you so desire. zambia@devere-zambia.co.zm
\r\n\r\nPlease note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/ed6bcdcf-74a7-489a-8f92-340cb4090e7c.jpg\")
Just under half of people do not have life cover. According to stats, only 57% of people have life cover, and 70% of those are underinsured. So, what is all the fuss about?
Examples
\r\n\r\nNo insurance – Matthew is 35, married to Jane and they have two small children. They have an old second-hand car they drive. He has just taken out a mortgage on a small apartment. The mortgage payments are high, and Matthew hasn’t taken out any life cover yet as he is budgeted up to the hilt. He knows that he should, to protect his family, but keeps putting it off. Matthew unexpectedly dies from a heart attack. Jane cannot afford to pay the mortgage as she is a shop assistant. She has to give up the house and move back in with her aging parents. She needs to find a full-time job to support the family. Her children will have to attend public school and work straight out of school as there is no money for further studies.
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Underinsured - Mark is 47. He is married to Susan who is a housewife, has three teenage kids, a mortgage and a new car. Mark took out life cover when he was single but never revised it after he had a family. Mark is involved in a car accident and unfortunately passes away. His life cover was just enough to pay off the mortgage leaving his family some security. Susan had to go back to work to pay the monthly bills. Her three teenage children have to take out crippling student loans if they want to study further.
\r\n
Fully insured – John aged 53 is married to Elizabeth and have two children in high school. John has a mortgage and recently revised his life cover. John unexpectedly dies from a stroke. The insurance pay-out is enough to cover the mortgage, pay for their children’s education and keep the monthly bills paid until Elizabeth retires on her own pension.
\r\n\r\nWhich scenario do you want to leave your family in?
\r\n\r\nLife cover is essential to ensure that your family and loved ones are taken care of in the unfortunate event of your demise, whether during your working life or during retirement.
\r\n\r\nFor many, life cover is a thing that seems very far away or a waste as you never see the results, but not having it will be far more detrimental to the ones you leave behind. Chat to your adviser to find the life cover that best suits your current circumstances and protects your assets. zambia@devere-zambia.co.zm
\r\n\r\nPlease note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
\r\n
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/10ac32ed-6afa-447f-b3fd-c3a82441042c.jpg\")
Zambia's electoral commission has announced that opposition leader Hakainde Hichilema has won last week’s presidential election, defeating incumbent Edgar Lungu by over a million votes.
This is Hichilema’s sixth attempt at winning the presidential election – narrowly losing out to Lungu in 2016 by 100,000 votes - however Lungu has alleged that the elections were not “free and fair”, BBC reports. He said officials from his Patriotic Front party has been chased away from polling stations, leaving the votes unguarded.
\r\n\r\nNevertheless, officials from Hichilema’s United Party for National Development (UPND) party rebuffed Lungu’s statement as originating from people “trying to throw out the entire election just to cling on to their jobs.”
\r\n\r\nIn the final vote count, Hichilema secured 2,810,777 votes over Lungu’s 1,814,201 votes, out of 7 million registered voters. “I therefore declare that the said Hichilema to be president of Zambia,” said electoral commission chairman, Esau Chulu in the results centre in Lusaka.
\r\n\r\nGlobal election observers praised Zambia’s transparent and peaceful organisation of the polls, but slammed the freedom of assembly and movement restrictions during the campaign.
\r\n\r\nLungu’s six-year rule received heavy criticism for alleged human rights abuses, failing economy, corruption and huge unemployment.
\r\n\r\nHichilema now faces a daunting challenge as his supporters look to him to eradicate corruption and hike employment. “We will fix this!” was one of the party’s campaign slogans.
\r\n\r\nZambia recorded economic progress for over 10 years and achieved middle-income status back in 2011, yet now the country is beset by high inflation and high debt.
\r\n\r\nAgreed support from the International Monetary Fund for Zambia was postponed until after the election, along with a debt restructuring plan, aimed at easing the burden of poor countries, Reuters reports.
\r\n","IsDeleted":false,"PublishDate":"2021-08-16T00:00:00","CreatedDate":"2021-08-16T10:25:19.18","WebPage":{"Id":64655,"Name":"opposition-leader-hakainde-hichilema-wins-election","Header":null,"MetaTitle":"Opposition leader Hakainde Hichilema wins election","MetaKeywords":"Zambia, leader, election, politics","MetaDescription":"Zambia's electoral commission has announced that opposition leader Hakainde Hichilema has won last week’s presidential election, defeating incumbent Edgar Lungu by over a million votes.","IsDeleted":false,"CreatedDate":"2021-08-16T10:25:19.18","WebsiteId":4,"WebPageTypeId":6},"BlogCategoryBlogs":[{"Id":557,"BlogId":230,"BlogCategoryId":16,"BlogCategory":{"Id":16,"Category":"Politics"}}],"Images":[{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/original_06803683-e942-417b-b545-97104ba2a0d1.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/large_06803683-e942-417b-b545-97104ba2a0d1.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/medium_06803683-e942-417b-b545-97104ba2a0d1.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/small_06803683-e942-417b-b545-97104ba2a0d1.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/og_06803683-e942-417b-b545-97104ba2a0d1.jpg"}]},{"Id":191,"Title":"Zambian Kwacha volatility fuels growth concerns ","Author":null,"Summary":"Volatility in the Zambian Kwacha’s exchange rate against major convertible currencies is negatively impacting the economy, says Sean Tembo, the opposition leader of Patriots for Economic Progress (PeP).","Body":"![\"\"](\"https://cmsdevere.blob.core.windows.net/images/e338d5d2-b930-4fc9-8042-e5bf40b8531b.jpg\")
Volatility in the Zambian Kwacha’s exchange rate against major convertible currencies is negatively impacting the economy, says Sean Tembo, the opposition leader of Patriots for Economic Progress (PeP).
The volatility is undermining the ability of businesses and individuals to make transactions, and leads to substantial FX losses for cross-border traders, Tembo added.
\r\n\r\nThe PeP had raised concerns at the currency’s massive volatility in recent days, and Tembo conveyed his disappointment to the media at the Bank of Zambia (BoZ) for the lack of intervention to prevent the huge volatility in the Kwacha exchange rate.
\r\n\r\nTembo stated: “Between Thursday, July 22, 2021, and Friday, 23rd July 2021 alone, the Kwacha moved from K22.67 to K20.96 to the U.S. Dollar as per BoZ website, which represents a 7.5% movement in a single day. It must be noted that one of the key mandates of the Central Bank is to maintain stability in the forex market and to intervene through Open Market Operations where necessary.
\r\n\r\n“This is where the Central Bank either sells or buys forex from the open market so as to prevent the Kwacha from over-depreciating or over-appreciating, as the case might be, and therefore keep it stable,” he added.
\r\n\r\nThe PeP leader said the 7.5% movement in the one day was unprecedented in regard to currency volatility.
\r\n\r\n“As Patriots for Economic Progress, we are fully aware of the fact that as we draw closer to the 12th August 2021 general elections, the PF and its government will become more and more desperate and will try to present a cosmetic view of the performance of the economy.
\r\n\r\n“This is evidently intended to misled voters so as to create a false perception that the economy is on a path of recovery when in fact not.”
\r\n\r\nTembo went on to say: “The forex volatility is also undermining any prospects of growth that the economy might have had, as it will definitely keep away foreign investors who normally prefer a stable economic environment.”
\r\n","IsDeleted":false,"PublishDate":"2021-07-28T00:00:00","CreatedDate":"2021-07-28T11:15:59.717","WebPage":{"Id":64558,"Name":"Zambian-kwacha-volatility-fuels-growth-concerns","Header":null,"MetaTitle":"Zambian Kwacha volatility fuels growth concerns ","MetaKeywords":"Zambian Kwacha, Zambia, market update","MetaDescription":"Volatility in the Zambian Kwacha’s exchange rate against major convertible currencies is negatively impacting the economy, says Sean Tembo.","IsDeleted":false,"CreatedDate":"2021-07-28T11:15:59.717","WebsiteId":4,"WebPageTypeId":6},"BlogCategoryBlogs":[{"Id":473,"BlogId":191,"BlogCategoryId":1,"BlogCategory":{"Id":1,"Category":"Market Update"}}],"Images":[{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/original_10a37d89-877d-4cd9-9083-4a355dad4841.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/large_10a37d89-877d-4cd9-9083-4a355dad4841.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/medium_10a37d89-877d-4cd9-9083-4a355dad4841.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/small_10a37d89-877d-4cd9-9083-4a355dad4841.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/og_10a37d89-877d-4cd9-9083-4a355dad4841.jpg"}]},{"Id":173,"Title":"When you should review your retirement planning","Author":null,"Summary":"We all know that it is important to have an annual review on our financial portfolio and retirement planning, but there are also other times when we should make an appointment with our financial adviser to review our retirement. ","Body":"![\"\"](\"https://cmsdevere.blob.core.windows.net/images/147a67c1-1600-484b-9efc-f3981a486ddb.jpg\")
We all know that it is important to have an annual review on our financial portfolio and retirement planning, but there are also other times when we should make an appointment with our financial adviser to review our retirement. These occur during major life events or changes.
After an increase – This is the easiest time to increase your retirement contributions. Before you make plans with your extra monthly income, you might consider using part of it towards an increase in pension contributions. We often plead poverty and always have an excuse not to increase our retirement contributions. Your pocket won’t feel the increase as it doesn’t affect your budget.
\r\n\r\nAfter a bonus – This is the perfect time to supplement your retirement with a lump sum cash boost. It could significantly increase your pension pot over time as compound interest gets to work.
\r\n\r\n\r\n\r\n
Example: A cash boost of £10 000 could earn around £23 100 in compound interest alone over 20 years at 6% return. That’s an extra £33 100 in your pension pot.
\r\n\r\n![\"\"](\"https://cmsdevere.blob.core.windows.net/images/c6f3df35-1e53-451a-b560-5f5b22716cf5.png\")
\r\nVS
Example: Monthly contributions of £42 (equivalent to £10 000 contributions over 20 years) earns £9 325 in compound interest. That is only £19 405 in your pension pot.
\r\n
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/555a834f-d642-42b7-ae35-44f4c47aa2e3.png\")
\r\nAfter a Promotion – As after an increase, a promotion allows you to invest more into your pension pot. Don’t forget about lifestyle creep. As we earn more income, we up our lifestyle. To maintain this new lifestyle into retirement, we also need to increase our pension pot contributions.
After receiving an Inheritance – An inheritance could be game changer for your retirement. The cash boost could be the difference between a comfortable retirement and a luxury retirement.
\r\n\r\nIf you become disabled - Hopefully you had disability cover and received a pay-out, and that you are still able to work. This extra cash could be invested in your retirement if you do not need the funds for medical care. If you didn’t have disability cover, you might consider upping your retirement contributions as you will need special care when you are retired which could be costly.
\r\n\r\nKeep in mind that you might need to retire early because of your disability and your retirement plans need to be reviewed to cover the extra years.
\r\n\r\nThese life occurrences could significantly boost your retirement pot if you seize the opportunities that they offer. Make sure to get plans in place before you receive the extra income and find ways to spend it.
\r\n\r\nChat to your financial adviser to incorporate these life events into your retirement planning. zambia@devere-zambia.co.zm
\r\n\r\nPlease note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/de02242a-fb91-41fe-b6a1-8cdce7b07380.jpg\")
President of Zambia, Edgar Lungu is urging leaders to facilitate the use of land for the construction of health facilities.
The government has implemented a project to construct 108 small hospitals all over the country.
\r\n\r\nLungu called on the leaders following news of conflicts in certain areas regarding the release of land for the construction of the planned hospitals.
\r\n\r\nThe president stated the project was one of the government’s plans aimed at promoting health services within Zambia.
\r\n\r\nSpeaking during an inspection of works on the construction of a hospital in Mpatamato Township, Lungu said: “I am happy with the progress here but am appealing to our chiefs to give out more land for these projects, let there be no conflict when it comes to identifying areas for putting up hospitals, the hospitals are supposed to serve the communities not the chiefs alone,” he said.
\r\n\r\nThe Zambian president has called on community leaders, chiefs and mayors to help select the optimal areas for the construction of the health facilities.
\r\n\r\n“We know that there is a project of the construction of mini hospitals, it’s not only on paper but an ongoing project from what we are able to see here today, we will build 108 in phase one and will do even more in the future, this is one of the health interventions that we have put in place to ensure that all Zambians access health services as near as possible,” he added.
\r\n\r\nYassah Azah, the area manager of SUSCON Construction Solutions, the firm in charge of the building project, said the 108 mini hospitals were due to be finalised by September 2023. A total of 27 are currently under construction around the country.
\r\n\r\nAzah added that 76 mini hospitals are scheduled to be completed by the end of 2021.
\r\n","IsDeleted":false,"PublishDate":"2021-07-19T00:00:00","CreatedDate":"2021-07-19T13:00:40.69","WebPage":{"Id":64511,"Name":"Zambian-president-urges-leaders-to-use-land-for-hospitals","Header":null,"MetaTitle":"Zambian president urges leaders","MetaKeywords":"Zambia, president, leaders, hospitals","MetaDescription":"President of Zambia, Edgar Lungu is urging leaders to facilitate the use of land for the construction of health facilities.","IsDeleted":false,"CreatedDate":"2021-07-19T13:00:40.69","WebsiteId":4,"WebPageTypeId":6},"BlogCategoryBlogs":[{"Id":413,"BlogId":165,"BlogCategoryId":16,"BlogCategory":{"Id":16,"Category":"Politics"}}],"Images":[{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/original_2e43c407-23de-4b2a-b82d-8b8a9c3e8b5e.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/large_2e43c407-23de-4b2a-b82d-8b8a9c3e8b5e.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/medium_2e43c407-23de-4b2a-b82d-8b8a9c3e8b5e.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/small_2e43c407-23de-4b2a-b82d-8b8a9c3e8b5e.jpg"},{"FullFilePath":"https://cmsdevere.blob.core.windows.net/images/og_2e43c407-23de-4b2a-b82d-8b8a9c3e8b5e.jpg"}]},{"Id":136,"Title":"Wills – Will your children be taken care of?","Author":null,"Summary":"When you die, your assets will automatically go to your spouse and kids. Right? Wrong!","Body":"![\"\"](\"https://cmsdevere.blob.core.windows.net/images/49903142-ffeb-4eeb-944f-9c2035d61a85.jpg\")
When you die, your assets will automatically go to your spouse and kids. Right? Wrong!
A will is one of the most important documents that you will ever sign. With a will in place, you can provide the right security to the people who matter most to you and prevent unnecessary stress and legal hassles.
\r\n\r\nIt is not only an instruction as to how your assets are to be distributed, but also may include any last requests or instructions that you wish to convey. Especially with regards to your children.
\r\n\r\nThese are all very important factors that you need to consider when drawing up a will. It is advisable that you speak to your financial adviser to draw up a will to cover all these specific aspects of your children’s wellbeing. zambia@devere-zambia.co.zm
\r\n\r\nPlease note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
![\"\"](\"https://cmsdevere.blob.core.windows.net/images/4142f884-d50a-4df0-bacc-4600f2c0e705.jpg\")
Zambia
\r\nLet’s face it, countries in Africa, Zambia included, do not have the strongest passports in the world. It can be challenging trying to do business with first world countries, not to mention the frustrating world of visa applications for travel. Imagine free access in the EU Schengen area.
Portugal offers an opportunity to help high net-worth individuals become EU citizens through its Golden Visa programme. This involves investing in a second property in Portugal.
\r\n\r\nBenefits and advantages
\r\n\r\nBoasting a rich and diverse culture, Portugal provides stability for those wishing to raise a family in a warm Mediterranean climate. With its many attractive benefits and relatively low investment cost, the Portugal Golden Visa Residence Programme is the perfect route to gaining a second home in Europe.
\r\n\r\nSpeak to your deVere adviser about taking the first step in getting that all too valuable second citizenship in Europe zambia@devere-zambia.co.zm or contact portugal-residency@devere-group.com
\r\n\r\nPlease note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
\r\n* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.