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 […]

British American Tobacco, RetailOctober 6, 2019

Godfrey Machanzi bows out of BAT job; Kimesh Naidoo Heir apparent
British American Tobacco Zambia has announced the resignation of its Chief Executive, Godfrey Machanzi, from his executive director position at the cigarette manufacturing company.   “In accordance with Section 3.59 of the Lusaka Securities Exchange Listings Requirements the Board of Directors of British American Tobacco Zambia Plc wishes to announce the resignation of Mr Godfrey […]

Economy, RetailSeptember 18, 2019

Daily FiZ – Wednesday 18/09
Story of the Day The property investment company, Real Estates Investment Zambia (REIZ) has announced the resignation of one of their longest service directors, Dr. Elizabeth Nkumbula, from the board, according to a statement issued by the company. Read more Domestic Business & Finance Government has disclosed that they will be increasing electricity tariffs by […]

RetailSeptember 10, 2019

Daily FiZ – Tuesday 10/09
Story of the Day Domestic Business and Finance One of Zambia’s largest farm input suppliers, African Green Resources (AGR) plans to invest $150 million with local farmers to develop an irrigation dam, a 50 megawatt solar farm and expand existing grain silo capacity by 80,000 tonnes. Read more: Reuters The Zambia Chamber of Mines has […]

British American Tobacco, RetailAugust 25, 2019

BAT Zambia’s half performance dented by finance costs
British America Tobacco (BAT) Zambia expects to announce half year financial results on 26th August that will be weaker than its 2018 half year performance, according to a statement from the company. “In accordance with the Lusaka Securities Exchange Listings Requirements, the Board of Directors of British American Tobacco Zambia PLC hereby advises the Shareholders […]

Retail, Shoprite Holdings PlcAugust 21, 2019

Shoprite -“Lower Prices You Can Trust Always”
Shoprite Holdings Limited is an investment holding company whose combined subsidiaries constitute the largest fast-moving consumer goods (FMCG) retailer on the African continent and the Indian Ocean Islands, with operations in 15 countries. The company’s headquarters are in the Western Cape province of South Africa. Shoprite Holdings Limited is a public company listed on the Johannesburg

Retail, Shoprite Holdings PlcAugust 20, 2019

Shoprite declares 41.50% lower dividend
The board of Shoprite Holdings Group has declared a final dividend of 163 cents which is over 40% lower than what was declared in 2018, according to a statement released by the company. “The board has declared a final dividend of 163 cents (2018: 279 cents) per ordinary share, payable to Shareholders on Monday, 9 […]

RetailAugust 19, 2019

The First Blockchain Bond
–The following is an extract from the Unlocking Investment and Finance in Emerging Markets and Developing Economies (EMDEs) World Bank program –Building Robust Financial Markets and Institutions in EMDEs By The World Bank Group Technology is transforming the way we live and work. In the world of finance we are at the start of the […]

British American Tobacco, RetailAugust 13, 2019

BAT announces exit of Company Secretary Valentine Kabonga
Premium cigarette manufacturer and distributor, British American Tobacco Zambia (BAT), announced the appointment of Zoe Chisanga Chiliboyi as Acting company secretary following the resignation of Valentine Chola Kabonga who held the role for over 5 and half years. “In accordance with Section 3.59 of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Boar