MiningJuly 11, 2020

FQM’s Cobre Panama outfit given the ‘OK’ to resume production
First Quantum Minerals has announced that it will soon be able to resume operations at its Cobre Panama mine after health officials gave it the green light to resume production, according to a statement from the mining company. “First Quantum Minerals Ltd. (“FQM” or the “Company”) announces that Cobre Panama can resume full production. The […]

Banking, CavmontJuly 11, 2020

Cavmont Capital enters M&A discussions with Access Zambia
Cavmont Capital Holdings Zambia has announced that it is in discussions with Access Zambia for a possible takeover of the bank, according to a statement from the bank. “Shareholders are advised that Cavmont Capital Holdings Zambia PLC (“CCHZ”) hereby announces that it has entered into exclusive discussions with Access Bank Zambia Ltd. (“Access Zambia”) regarding […]

Taj Pamodzi Hotels Plc, TourismJuly 7, 2020

Pamodzi suffers loss after tax at full year
The only listed hotel on the Lusaka Securities Exchange has posted a loss after tax of K4.4 million for the financial year ending March 2020, according to a published statement. “The total turnover decreased by 5 percent from ZMW83.0 million to ZMW78.7 million as compared to previous year”, read a statement published by the hotel’s […]

Insurance, Prima Reinsurance PlcJuly 2, 2020

Prima fundraising hots up
Prima Reinsurance has advised shareholders that it is making steady progress in the paperwork around the forthcoming rights offer, according to a statement from the company. “Shareholders of Prima Reinsurance Plc (“Prima Re” or “the Company”) are referred to the 1st Announcement (Declaration Date) published on Friday, 29 May 2020 advising shareholders that the Company […]

Finance, ZCCM-Investment Holdings PlcJune 28, 2020

How the Mines and Minerals Act of 2015 validates ZCCM IH’s gold ambitions
“It’s no secret that many countries in Africa are perceived as doing the wrong things” said Rudolph De Bruin, Founding Partner of the private-equity fund AMED Funds, “and some of the main players in DRC have difficulty explaining certain issues to their shareholders.” However, “with good rewards come higher risks. DRC still has the better mineral […]

British American Tobacco, RetailJune 26, 2020

Mundashi exits the Tobacco Boardroom
British American Tobacco Zambia Plc has announced the resignation of its Chairman from the Board, according to a statement from the company. “In accordance with Section 3.59 of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board of Directors of British American Tobacco Zambia Plc (“the Company” or “BATZ”) (the “Board”) wishes to [&hellip

Agriculture, Zambeef Products PlcJune 21, 2020

Zambeef half year 2020 performance statement
This following is an extract of the Zambeef’s reported half-year performance according to the SENS announcement issued by Pangaea Securities on 17th June 2020.  Performance Overview The half-year period ended 31st March 2020 (HY 2020) saw Zambeef post encouraging results in the context of a very challenging macroeconomic environment. During this period, the Zambian Kwacha […]

Insurance, Prima Reinsurance PlcJune 21, 2020

David Kombe retires from Prima Reinsurance Board
Prima Reinsurance Plc has announced the retirement of David Kombe as Chairman of the Board, according to a statement from the Company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Prima Reinsurance Plc (“the Board”) wishes to announce the retirement of Mr. David Kombe as Director and Chairman of […]

Banking, ZANACO plcJune 21, 2020

New Board member announced at ZANACO
The Board of ZANACO has announced the appointment of a new board member, according to a published statement from the bank. “Pursuant to Section 3.59 of the Listing Requirements the Board of Directors of Zanaco Plc (“the Board”) wishes to inform the Bank’s shareholders and the general public that Mrs. Chearyp Mkandawire – Sokoni was […]

Real Estate, Real Estate investments Zambia (REIZ)June 21, 2020

Sydney exits the REIZ Boardroom
Real Estate Investment Zambia will not be entering into a subsequent employment contract with its CEO Sydney Popota following the expiration of his contract, according to a statement from the Group. “In accordance with the Securities Act No. 41 of 2016, the Board of Directors (“the Board”) of Real Estate Investments Zambia Plc (“REIZ” or […]