Economy, Opinion, RetailJune 13, 2019

PRESS RELEASE: ZICA 2019 Q2 Media Briefing
Good Morning Ladies and Gentlemen, Welcome to the ZICA 2019 second quarter media briefing to discuss matters that affect the accountancy profession and the nation at large. In line with the Accountants Act of 2008, apart from our mandate of regulating the education and practice of the accountancy profession in Zambia, we have a statutory […]

Economy, Opinion, RetailMay 21, 2019

The US-China Trade War and how it’s affecting the rest of us – A case of collateral damage
Since January 2018, the United States of America (USA) and China have been involved in an intense trade war that continues to escalate by the day. Trump’s campaign promises were very American-centric and one of his key messages was around addressing the issue of China’s unfair trade practices caused by loopholes in the international trade […]

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, Opinion, RetailMay 4, 2019

Why Amos Chanda is probably upset with Bloomberg and African Confidential
For those of us that believe in the existence of the random walk hypothesis and consequently the efficient markets hypothesis, we understand that information is very important especially in the era of well developed speculative investors who rarely base investment decisions on fundamentals but on the arrival of new information. The random walk hypothesis is […]

RetailApril 29, 2019

Daily FiZ – Monday 28/04
Domestic Government has called for strong partnership with the private sector in a bid to address casualisation of labour. Read more: ZNBC Minister of Gender Elizabeth Phiri has called for investment in public education systems and infrastructure to help address gender inequalities. Read more: ZNBC Former Foreign Affairs Permanent Secretary Simataa Akapelwa has called on […]

British American TobaccoApril 17, 2019

BAT Joins Prima Reassurance in Postponing AGM
On April 12, BAT Zambia investors became the latest key stakeholders who will have to wait a little longer for their annual general meeting following a notice from the company’s Board postponing the event. Prima Reassurance recently announced that their much anticipated AGM would be further pushed back to an unknown date to be advised […]

British American Tobacco, RetailApril 10, 2019

Sin Lee fits the shoe. Bata has a new Don
On 3rd April, investors were informed through SENS announcement that the Board of BATA was parting company with their Managing Director Prosper Bachi who had served at the helm of the shoe maker in Zambia for more than 15 years. The shoe maker had recently announced increasing its turnover by 10% for the 2018 financial […]

Retail, Zambia Bata Shoe PlcMarch 28, 2019

“For They All Loved Shoes” – BATA Zambia Plc 2018 Performance
Insight Growing up in the late 90’s one would have actually thought Bata Zambia with its prominent “Bata School Shoe” was a wholly owned Zambian company but in actual sense it is not. Bata International is a Canadian owned multinational footwear and fashion accessory manufacturer and retailer based in Lausanne, Switzerland. A family-owned business, the […]

Retail, Shoprite Holdings PlcFebruary 26, 2019

Currency devaluation outside South Africa hurts Shoprite, Engelbrecht
South African retailing group Shoprite Holdings Plc announced a 19% fall in trading profit when its half year results for 2018 were published on SENS on 26th February 2019. The company suffered multiple factors disrupting the trading environment according to a press statement from CEO Pieter Engelbrecht issued to SENS. The CEO put the blame […]

Opinion, RetailFebruary 16, 2019

Why Blockchain based remittances will become so important to the growing of Sub-Saharan SMEs
If currency is the means by which we store the value created through our independent business activity, then theoretically, cross border remittances should be our means to bridge the value one human creates in one part of the world with another in an entirely separate geography. Although unfortunately, the high exchange costs and lengthy processing […]