RetailNovember 30, 2020

When will the vaccine be in Zambia?
When will the vaccine be in Zambia? This year has become synonymous with the pandemic and with Pfizer’s reported breakthrough we began to see the end of the tunnel, the potential return back to life before the virus. However, a study into the history of  mass vaccinations indicates people in developing countries may have to […]

RetailNovember 20, 2020

The WTO, Ngozi Okonjo-Iweala and Zambia
Who is Doctor Ngozi Okonjo-Iweala  Okonjo-Iweala is a Nigerian career economist having served at the world bank for almost 25 years reaching the position of number two in her peak (managing director of communications). As a teenager she gained her economics degree at Harvard University where she graduated Magna Cum Laude (student with the highest […]

Economy, Personal Finance, RetailNovember 2, 2020

Fuel Shortage and its Potential Impact on businesses
In the past week, news of a potential fuel shortage circulated around social media in reaction to a significant number of fueling stations not having any fuel. Lusaka residents resorted to panic buying by rushing to their nearest fueling stations and filling up their tanks in preparation for the shortage. But what is the cause […]

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