Economy, OpinionMay 21, 2019

Tracking MPC Announcements from Bank of Zambia
On 22nd May 2019, Zambia’s Central Bank Governor Dr Denny Kalyalya announces the Q2 MPC Decision. In order to appreciate the fundamentals of how the Dr. Denny and his MPC team have been shaping the course of monetary policy, here is a collection of the headline announcements following the MPC committee meetings since the epilogue […]

British American Tobacco, RetailMay 20, 2019

Duo Director exit at BAT following a resignation and retirement
British American Tobacco Plc. Zambia announced the exit of two Directors from the company effective 30th April 2019. BAT is a major distributor of cigarettes in Zambia and one of the two companies that have opened factories in Lusaka’s MFEZ which has had a positive impact on the company’s revenues as the move cooled off […]

Economy, OpinionMay 20, 2019

Week 20 Stock Market Update (13th to 17th May)
Trading on the LuSe in Week 20 was bearish recording over 80% fall in trade volume and turnover. The bond market however, recorded its most bullish week yet as investors switched from equities to fixed income. Equity Market Performance “In the week ended 16th May 2019, a total of 58,345 shares were transacted in 47 […]

EconomyMay 17, 2019

172 Graduates delight ZICA President Kazilimani
The accountancy profession ushered in 172 new graduates at its annual graduation ceremony in Lusaka on 16th May 2019. ZICA offers a number of accountancy related programs that include Diplomas and Certificate. “I was delighted to officiate at the Zambia Institute of Chartered Accountants’ (ZICA) 13 graduation ceremony this morning”, read a LinkedIn status update […]

EconomyMay 15, 2019

Estimate indicates Real GDP growth for Zambia in 2018 was 3.7%: Ministry of Finance
Zambia’s Ministry of Finance estimates that real GDP growth in 2018 was 3.7 percent, representing a 0.2% increase from 2017. Real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, expressed in base-year prices, and is often referred to as […]

EconomyMay 14, 2019

Zambian International Landline and Cellular Phone Calls fall by 7.5 percent: ZICTA
Zambian’s adoption of internet based telecommunication services based on social media technology have led to a decline in the use of traditional landline and cellular phone technology. For some time, traditional landline and cellular technology have come under threat with the surge in internet based communication technology that has been proliferated by companies such as […]

EconomyMay 14, 2019

Week 19 Stock Market Update (6th to 10th May)
Week 2 of May recorded stronger performance for the LuSE. With increases of 74% and 19% recorded for Turnover and Shares traded, Week 2 sets the pace for halfway month of Q2. Equity Market Activity In the week ended 10th May 2019, a total of 140,540 shares were transacted in 115 trades, yielding a market […]

EconomyMay 8, 2019

April Purchasing manager index slides further
Zambia’s purchasing manager index has continued to weaken according to the recently updated PMI score for April 2019 updated in the first week of May and available on the Bloomberg Terminal (Ticker code: MPMIZMWA). Following its peak (above 50 which is bullish) in February of this year, the last two months show a continued slide […]

Manufacturing, ZAMEFA PlcMay 6, 2019

ZAMEFA forecasts earnings increase north of 190% at half year
The Board of Zamefa forecasts a stronger earnings per share for the six month period ending 31st March 2019 for the 2019 financial year signaling an improvement in profitability compared to the previous financial year. The company is expected to record an increase of between 190% and 210% of the EPS following an increase in […]

EconomyMay 5, 2019

Week 18 Stock Market Update (29th April to 3rd May)
Week 18 came with a combination of the epilogue of April and the beginning of May with the former closing off as the 3rd best month of trading over the four months recorded thus far. Equity Market Activity In the week ended 03rd May 2019, a total of 118,024 shares were transacted in 140 trades, […]