Zambia had made an expensive deal with China to transform its analog network into a digital network a few years ago. The country was in need to start digital transmitters to carry the new TV signal and StarTimes helped that time to set a venture between both the countries. StarTimes has close links to China’s Government and controls 60% of the joint venture, called TopStar. And Zambia’s national broadcaster ZNBC owns another 40% of TopStar.
The bankroll of the agreement between both countries was $232 million. TopStar had taken a loan from China’s Exim bank to pay the amount on behalf of Zambia. But ZNBC lacked to establish TopStar by $40,000 start capital. So StarTimes lent money to ZNBC. Now in 2019, media watchdogs and local media owners are blaming China to influence Zambia media landscape and are also concerned that locals can watch only Chinese Kung Fu Movies with limited local programming.
But the intention of the mitigation was to shake up the media landscape by switching from older technology to newer technology. Digital technology would allow viewers to watch more TV channels by freeing up bandwidth. It sounds like a profitable deal but the Media Owner Association of Zambia said that many of the private TV owners are not enjoying the services, which were committed by China. Goedkoop internet compare all digital TV and internet packages on your zip code, which people can check and see for themselves.
Zambia is not getting the benefits of mitigation. And accuses that TopStar and StarTimes, who were majority holder in the deal, are closing Zambia out of the digital market. According to the Zambian government, the digital migration loan is fully repaid to Exim Bank, so TopStar’s ownership should be reverted to ZNBC with StarTimes playing a minor role.
A Businessman and Grab Driver Cheated by a Fraud Investment Company
Kepala Batas – A victim of a fraudulent investment syndicate was found in Butterworth who suffered a loss of RM 181,209. The victim is a businessman whose name is not publicized by Seberang Perai Utara District Police. ACP Noorzainy Mohd Noor from the district police said that the 48-year-old businessman became the victim of the scam after being lured by an investment ad offer on the WeChat social app. The man got excited after hearing about the short investment and big return lucrative offer and called the given phone number. A woman, allegedly from Hong Kong, claimed to be the agent of the investment company and she convinced the man to invest his money.
Noorzainy said that the victim was promised to get a huge return within two months and he made 22 cash transfers into two local bank accounts totaling RM 181,209 before the woman urged him to increase the investment value. But later the man realized that the woman is cheating him after she began giving excuses when he asked about the return. The man is now thinking to look for an investment fraud lawyer website to fight a legal case against the fraud company.
According to Noorzainy, there was another separate case where a Grab driver lost RM 18,900 after he invested in a fraud syndicate using the same mode of operation. The 29 years old Grab driver received the investment ad on WhatsApp and initially decided to invest only RM 500 but after hearing about lucrative offers from a woman about getting a return within two days, he finally made an investment of RM 18,980.
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