Economy, RetailAugust 18, 2020

Zazu launches Union 54
Local Fintech Zazu has launched a Fintech Banking union named ‘Union 54’. The app is slated to provide Fintechs who are established and regulated as Electronic Money Issuers (Zazu in Zambia) will be eligible to apply to be a ‘Founding Member’ of the Union. Each Fintech considered a ‘Founding Member’ will be entitled to shares […]

British American Tobacco, RetailAugust 15, 2020

Resilient performance in a challenging environment – BAT at Half Year 2020
–Extract from half-year SENS announcement issued by By Order of the Board by Zoe Chisanga Chiliboyi (Company Secretary) The operating environment in Zambia has been challenging and the cigarette industry has not been spared from the impact of the current economic climate. The Company has demonstrated resilience in the wake of the significant devaluation of […]

Retail, Shoprite Holdings PlcAugust 6, 2020

Shoprite to discontinue Nigerian operations
Africa’s retail giant, Shoprite Holdings Group, has announced that it will exit the Nigerian market, according to a statement from the group. “Following approaches from various potential investors, and in line with our re-evaluation of the Group’s operating model in Nigeria, the Board has decided to initiate a formal process to consider the potential sale […]

Economy, RetailJuly 15, 2020

Daily FiZ – Wednesday 15/07
Story of the Day: Young Zambian startup Sage Valley has been awarded a revolving working capital facility of up to K250,000 by the Empress Fund based in South Africa. Sage Valley was established in October 2019 to produce locally made spices and pastes after sisters Zita and Nancy Kafwimbi noticed a gap in the market. […]

Economy, Opinion, RetailJuly 11, 2020

Weekly Stock Market Review (6th to 10th July 2020)
Two weeks into the month of July 2020 trading on the LuSE, Only two days recorded trades of which Thursdays equities trading was the best performing for the week. Four companies’ securities recorded trades.Trading activity was recorded in CEC ZAMBIA, AEL ZAMBIA, ZANACO and LAFARGE. Monday 6th There were no trades recorded today. The LuSE […]

Economy, RetailJuly 9, 2020

Daily FiZ – Thursday 09/07
Story of the Day: Enygma Ventures has made a $1 million investment in Zambian based micro finance startup, Lupiya. This investment, will enable Lupiya to continue to scale and roll out its services fulfilling its mission of ensuring Zambians, particularly women are able to participate in the economy through its financial inclusion strategy. Read more […]

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

RetailApril 22, 2020

ZAM’s RESPONSE TO THE MINISTRY OF FINANCES ASSESSMENT OF THE IMPACT OF THE COVID-19 ON ECONOMIC PERFORMANCE
The Zambia Association of Manufacturers wishes to commend the Government of the Republic of Zambia for the gallant effort they are making to address the negative economic impacts of COVID-19 on the Zambian economy. Notably, the economy is expected to contract from an initial target of 3.6% to negative 2.6% by the end of 2020 […]

Economy, Opinion, RetailJanuary 25, 2020

Corporate Bond Market Diary (20th to 24th January) 
  In the fourth week of corporate bond trading, bonds of total face value of K66,390,000 were transacted in 19 trades, yielding a market value sales of K44,676,000. With only one week left in the month of January 2020 trading, week three remains the best performing on the Corporate Bond Market which recorded the highest […]

Economy, Opinion, RetailJanuary 18, 2020

Weekly Capital Market Review (13th to 17th January 2020)
  In the third week of trading on the LuSE we begin to see a pattern as the corporate bond market continues its dominance  over the equities market scoring a 100% once again.   Equity Market Update In the week ended 17th January 2020, a total of 48,273 shares were transacted in 98 trades, yielding […]