Sunday, August 30

ZIMBABWEAN content creators continue to face exclusion from Facebook’s monetisation programme,

ZIMBABWEAN content creators continue to face exclusion from Facebook’s monetisation programme, which is limited to only eight African nations.

 

 

 

The development has prompted calls for high-level government engagements to secure digital economic inclusion.

 

 

With over 2.46 million Zimbabwean Facebook users unable to monetise content locally, creators resort to risky workarounds like routing revenue through foreign accounts, while other African countries reap economic benefits from formal partnerships with Meta.

 

 

 

 

“Due to the limitations of Facebook not being currently monetised in Zimbabwe, local content creators are currently monetising their pages using other people in other countries to register the sales for monetisation, and also having a strategy of advertising business on their Facebook pages,”  New media expert, Engineer Timothy Kuhamba noted.

Engineer Kuhamba highlighted that Zimbabwe can copy Kenya’s successful model, where the government negotiated with Meta in 2022.

 

 

 

 

“In August 2022, the President of Kenya engaged Facebook directors and Kenya managed to monetise Facebook in Kenya. The President of Kenya is now taking another step so they can receive their money through the mobile social media platforms. For Zimbabwe, the Ministry of Sports Recreation and Arts needs to table a proposal to His Excellency, so that when he goes to New York from September 9 to September 23, they can engage the Facebook directors and monetisation can be done in Zimbabwe. The benefits that are there are that it creates employment for the local content creators and also it generates an inflow of the much-needed foreign currency into our Zimbabwean economy.”

 

 

 

 

As Kenya and Nigeria harness digital dividends, Zimbabwe stands at a crossroads, where government support could transform Facebook from just being a platform of expression to an empowerment platform.

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Home Equity Loan vs HELOC: Which One Is Better?

Homeowners who have built equity may be able to borrow against their home. Two common options are a home equity loan and a home equity line of credit, also called a HELOC.

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A home equity loan gives you a lump sum of money with a fixed interest rate and fixed monthly payments. This can be useful for one-time expenses such as home renovations, medical bills, debt consolidation, or major repairs.

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A HELOC works more like a credit card. You get access to a credit line and can borrow as needed during the draw period. HELOCs often have variable interest rates, which means your payment can change over time.

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The best choice depends on your needs. If you know exactly how much money you need and want predictable payments, a home equity loan may be better. If you want flexibility and do not need all the money at once, a HELOC may be a better fit.

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Both options use your home as collateral. This means if you cannot repay the loan, your home could be at risk. That is why you should borrow carefully.

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Home equity financing may be used for home improvements, which can increase property value. However, using home equity for vacations, luxury purchases, or short-term spending can be risky.

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Before applying, compare interest rates, fees, repayment terms, minimum payments, and closing costs. Also ask whether the rate is fixed or variable.

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Your credit score, income, debt, home value, and available equity will affect approval.

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A home equity loan and HELOC can both be powerful financial tools, but they should be used responsibly. The right choice depends on whether you need stability, flexibility, or a combination of both.

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