British American Tobacco, FinanceApril 3, 2017

BAT Zambia – War against illicit trade
In 2016, Michael Mundashi’s board ushered in a new managing director in Godfrey Machanzi (an engineer turned MBA) and finance director Nigel Curran both legacy employees of the tobacco giant (24 years of combined years of service to date). Michael cites bearish 3% GDP growth, slump in global commodity prices, low energy generation in the […]

Retail, Shoprite Holdings PlcMarch 26, 2017

Economies of Scale key to Shoprite’s Success
As Zambians, we all love Shoprite. From its wide assortment of groceries, this chain of stores offers a dynamic yet consistent family shopping experience for many of its customers. Originating from South Africa, the group has been embarking on an aggressive campaign of expanding its network of stores across Africa. Stability in the economies they […]

Agriculture, Retail, Zambia Sugar PlcMarch 26, 2017

Growing Sweet Value in Zambia the ZamSugar Way
As I swift through the sweet Managing Director’s statement in ZamSugar’s 2016 Annual Report, I cannot help but feel excited for newly appointed Rebecca Katowa. She takes over a sweet company that is literally sweetening value from Mazabuka…much to the delight of shareholders.   The last two financial years faced the wrath of falling commodity […]

Banking, RetailMarch 14, 2017

eCommerce: When Stanbic makes First Mover
As I watched the address by Stanbic’s technical speaker at their Tuesday 14th June event at their modern training center, I could not help but feel proud of what my preferred corporate bank had endeavored into. It may be the fine red wine that was being served or the cocktail food that was delicious but […]

Agriculture, Retail, Zambeef Products PlcMarch 6, 2017

ZAMBEEF – 2016 Half Year Review
As the 2016 Zambian presidential election results strolled in, many of our readers were busy tucking into Zambeef’s products. The quality of their products resonates with their 2016 half year performance. What stood out from the interim report is how well the vertically integrated company performed operationally. They continue to focus on their core business […]

Footwear, Zambia Bata Shoe PlcJuly 7, 2016

Bata By Choice: Value becomes Elusive for the Shoe Maker
I recall the time when I was a young lad and my parents would get me the black Batas that would last me an entire school year. The company’s product back then and now have been known for being robust, durable and quite trendy. Bata has been the choice footwear for many middle and low […]

Beverage, National Breweries, RetailJuly 7, 2016

Opaque is the Clearest Way to See Value: National Breweries
It always pays to have a highly liquid big brother. Such is the case with National Breweries (NB) that has enjoyed outstanding performance in the last 5 years. A subsidiary to SABMiller, NB had the same concerns as its parent company which we covered here. But most threatening was the deterioration of the exchange rate […]