British American Tobacco, RetailSeptember 9, 2018

BAT Smokes Success at 2018 Half Year
Board Chairman Micheal Mundashi and BAT Zambia have come a short way from their announcement on 27 February 2018 were his company secretary Valentine Kabonga sadly informed shareholders that the company expected to record a loss before tax of approximately ZMW 14,973,000 for the year ended 31 December 2017. Fast forward 6 months and investors […]

RetailAugust 15, 2018

CEC’s Owen Looks Northwards for Love
If you ever watched the movie “Love Actually”, you can understand what a sweet romance that CDC and CEC had. Sadly, the romantic acquisition ended before it could happen and CEO Owen Silavwe and his management were left with the feeling of “what could have been” had the deal gone through. But analogous to failed […]

Banking, Retail, ZANACO plcMay 28, 2018

ZANACO 2017 Performance
It’s always refreshing reading a board chairperson’s letter to shareholders in annual reports that speaks to the heart of what the firm tried to achieve in the year under review. Charity Lumpa’s 2017 letter to shareholders was no exception. Her letter touched on everything from operational efficiency to prudent risk management.  It is clear from […]

British American Tobacco, RetailMarch 2, 2018

BAT Zambia Smokes itself to LBT in 2017
When the SENS Announcement of 27th February 2018 came out from British America Tobacco Zambia that they were expecting a loss before tax (LBT from the income statement) we were in awe of the magnitude K14.9 million that would be reflected when the financials would be officially published. As a recap, in their 2016 annual […]

Agriculture, Retail, Zambia Sugar PlcDecember 19, 2017

CCPC goes for Zamsugar: Understanding the Laws of Competition
In October of 2017 the Competition and Consumer Protection Commission (CCPC) board of commissioners fined Zambia Sugar PLC the sum of K76,728,650 which is 5% of their annual turnover as at 2013 as reported on the CCPC website. This came about as a result of price discrimination and what they (CCPC) found to be unfair […]

British American Tobacco, StrategyDecember 15, 2017

The Forces of Competition in Zambia’s Tobacco Industry
When the announcements came from Roland Imperial Tobacco (RIT) and British America Tobacco (BAT) of their USD80 million and USD15 million (respectively) investments in setting up their local cigarette manufacturing plants in Lusaka South Multi-Facility Zone, we could not help but wonder about some of the competitive forces in Zambia’s tobacco industry. Recap. In 2016 […]

Agriculture, British American TobaccoOctober 3, 2017

BAT Re-positions, with cash in mind
When news of the BAT extra ordinary meeting (EGM) reached our desks through SENS announcement of 29th September, we were worried that the firm had finally given up and was now considering exit (following recent statements from the firm following their impending loss in excess of K100million, you cannot blame us). However, much to our […]

British American Tobacco, StrategySeptember 18, 2017

BAT Zambia headed to a new Nash equilibrium
BAT Zambia’s competitive landscape indicates that the firm is currently in a battle with other established players for 70% of a “legal” market. The other 30% currently belongs to illicit cigarette traders. Annual report after annual report has seen their Chairman Michael Mundashi consistently complain about the unwelcome competitive forces of illicit cigarettes. When assessing […]

Agriculture, British American TobaccoSeptember 18, 2017

Tobacco in peril in Zambia
The Tobacco value chain in Zambia is in peril. Last week, the CEO of BAT Zambia Godfrey Machanzi stated that the company had recorded a K100m loss in what has now becoming a downward trend in their performance. He indicates that the continued existence of the competitive force of illicit cigarettes has continuously and consistently […]

RetailSeptember 6, 2017

Toys R Us: Debacle at HQ?
One of the favorite pass times over weekends for most parents in Lusaka is having to take their kids to the shopping mall. One of the retail shops that has benefit from this pastime is toy shops. There are many players in the toy game in Zambia catering to different spending profiles. The players can […]