Trading week 7 replaced week 6 as the weakest week of trading in 2019 thus far on the Lusaka Securities Exchange with turnover dropping by 48%. The week saw a total of 91,711 shares were transacted in 65 trades, yielding a market turnover of K73,968. Share price gain of K0.01 was posted CEC Zambia while […]
After two months of searching for a new CEO, the Board at Lafarge Holcim Zambia Plc announced the appointment of Jimmy J. Khan as Managing Director and Chief Executive Officer effective 12 February 2019. Jimmy takes over from Vincent Bouckaert who held the role barely two years following his appointment in 2016. He is also […]
The February 20th announcement on the Monetary Policy Committee’s decision for the first announcement of 2019 will be guided by inflation forecasts and outcomes as well as progress in the execution of fiscal consolidation measures according to the statement from the final MPC announcement issued by Dr. Denny Kalyalya on 21st November 2018 at the […]
Founder of Financial Insights Zambia discusses companies on the Lusaka Securities Exchange. In this weeks discussion, Zambeef, Zambia Airways and CEC’s windfall are discussed. Part 1 Part 2
The ink had hardly dried on Executive Director and Board Member Yusuf Koya’s departure from the Zambeef Board on 4th February 2019 before another announcement from the company was made that the Chief Financial Officer Craig Harris would also be following suit. Craig resigned on 12th February barely a week after the company had announced […]
The first week of the month of February started on a high but then turned bearish for the remainder of the week. Bond Activity During the week, bonds of total face value of K172,280,000 were transacted in 22 trades, yielding a market value sales of K116,587,000. Companies Traded The following companies had their shares traded […]
January 2019 was the month when many organisations were having conversations with their Human Resource Directors on important matters of staff recruitment. IDC was no exception. Following the conclusion of their search for a CEO, the Board announced in Lusaka on 7th February 2019 at their inaugural Board meeting that they had found the missing […]
Following Copperbelt Energy (CEC Plc) disposing off its 50% shareholding in CEC Liquid Telecommunication Limited (CEC Liquid Telecom) to pan-African telecoms group, Liquid Telecommunication Holdings Limited (Liquid Telecom) in October 2018, investors in the company waited with baited breath for the CFO through his subcommittee on the board to conclude deliberations for the submission of […]
It is clear that the Board of Directors at Zambeef had a lot on their minds when they issued their first SENS announcement for 2019: an exit and an eminent promotion. SENS announcement coming from the company on 5th February 2019 notified shareholders of the eminent departure of a stalwart Executive Director from the Zambeef […]
Founder of Financial Insights Zambia discusses companies on the Lusaka Securities Exchange and hosts former ZCCM-IH CEO, Pius Kasolo and ZCCM-IH Chief Investment, Mabvuto T Chipata. This is the last interview Dr Pius Kasolo gave to the financial media (Financial Insight Zambia) before the announcement came the day before Minister of Mines announced that the Board […]
Economy
