EconomyJune 6, 2018

Anatomy of a Depreciating Currency – Why the Kwacha tumbles
There has been continued concern over the depreciation of the kwacha. The local currency has seen most of its value eroded, and most FX analysts fear that it could depreciate further. On 1st June 2018, the currency closed at 10.3 against the USD. Historically, the kwacha hit its lowest point in November 2015, when it […]

Economy, OpinionMay 12, 2018

Doughnuts for Monetary Policy
In 2012, one of America’s most prolific hedge fund managers, David Einhorn of Greenlight Capital published an intellectual and intriguing piece in the Huffington post, challenging the reflexive and conventional monetary economics. In his piece David argued against a continued easing of monetary policy that the Federal Reserve Bank of America was pursuing at the […]

Telecom, ZamtelMarch 25, 2018

UZI is here! Is Zamtel’s Doomsday Approaching?
In 2009 when a novice announcement of a 75% private partner sell of Zamtel was made by then Rupiah Banda government, the general populous grew squeamish. The same sentiments have been expressed upon the announcement of a 4th mobile phone company. Recently, Angola’s Unitel (Uzi) were officially announced as the e fourth mobile player in […]

EconomyMarch 9, 2018

Continued Upward Surge in Fuel in 2018
When the Energy Regulation Board (ERB) adjusted fuel prices upwards, it certainly reduced the purchasing power of most household’s disposable income. In it press release the ERB attributed two fundamental factors that led to the adjustment; the depreciation of the local currency and the volatility of international price crude oil. Unfortunately, this will not be […]

FinanceJanuary 15, 2018

Bitcoin, Madness of crowds
The other day I ran across a BBC report, on how African millennials have been caught up in the bitcoin frenzy. The more I read about bitcoin, the more am convinced it’s nothing more than a speculative financial bubble. In 2017 March when I started tracking down bitcoin price it was trading at $1000, by […]

Telecom, ZamtelDecember 27, 2017

Saving Zamtel through Private Equity: Sink or Swim
According to the Mckinsey Annual Report for 2016, on private market, there was a huge capital flow into the private equity market space of 625bn dollars into various firms globally, and assets under management also grew to 4.7trillion dollars. Subsequently the number of firms is at an all-time high and the amount of dry powder […]

Insurance, Real EstateDecember 2, 2017

Pension Funds Property Investments: Is it a House of cards?
In the past, when one fathomed the thought of retirement in Zambia it was inevitable to recite the idiom from American poet Robert Frost, who once wrote, ‘some say the world will end in fire, some say in ice. From what I have tasted of desire, I hold with those who favor fire.’ The life […]

FinanceNovember 13, 2017

The Anatomy of the Bayport Corporate Bond
The Lusaka Securities Exchange with the approval of the capital markets regulator, the Securities Exchange Commission announced the floating of a 5 year corporate bond worth K300,000 by Bayport Financial Services Zambia. Allow me if you can, to breakdown the fancy finance phraseology and intricacies of a corporate bond, that is usually associated with MBA […]