Banking, StanbicOctober 27, 2020

PRIVATE SECTOR SLAMS BRAKES ON DOWNTURN
As conditions record slowest decline in seven months LUSAKA, ZAMBIA – Stanbic Bank Zambia’s Purchasing Managers’ Index (PMI) for September indicates that the rate of slowdown in Zambia’s private sector eased at its fastest rate since the COVID-19 outbreak. The monthly index – which is compiled in collaboration with IHS Markit – showed that Government’s decision to ease […]

TelecomOctober 26, 2020

Liquid Telecom wins the ‘Best MEA Wholesale Carrier’ award at the Global Carrier Awards 2020
Leading pan-African telecoms group Liquid Telecom has been named the ‘Best Middle East Africa Wholesale Carrier’ at the Global Carrier Awards. Liquid Telecom has received the best Wholesale Carrier in Africa for the last eight consecutive years, and with this award, the organisation cements its excellence in the wholesale carrier category in Africa and the […]

Banking, StanbicOctober 26, 2020

Standard Bank gathers entrepreneurs, corporates and government to discuss investment opportunities between Africa and Brazil
Johannesburg, October 26, 2020: Over the past decade, Sub-Saharan Africa’s 4.1% average growth has outpaced the global average of 3.7%. The continent’s development has been fueled by the growth of sectors such as agriculture, infrastructure, oil & gas, mining and telecommunications. In 2020, the COVID-19 pandemic has severely impacted world economies and will disrupt Africa’s trajectory

Real Estate, Real Estate investments Zambia (REIZ)October 23, 2020

Moses Vera exits; Urvesh Desai enters the REIZ Boardroom
Property developer Real Estate Investments Zambia (REIZ) has announced the departure of its Acting CEO and has ushered in a new CEO to take over, according to a statement from the company. “In accordance with the Securities Act No. 41 of 2016, the Board of Directors (“the Board”) of Real Estate Investments Zambia Plc (“REIZ” […]

BankingOctober 22, 2020

An Analysis of a Consolidated banks’ Financial Statements in the First Half of 2020
Financial institutions such as banks and other for-profit organizations tend to have financial statements except that they slightly differ. For instance, banks do not have the net sales or revenue part, which other non-financial firms have; instead they have income from interest earned and non-interest income like withdraw charges, overdraft charges, and others. Banks’ main […]

EnergyOctober 21, 2020

The changing face of the Zambian power market: Corporate PPAs – fact or fiction?
Whilst many challenges exist within Zambia’s power sector, including the well-documented shortages, outages and off-taker issues, recent changes may usher in a new era. Although Zambia’s power sector is liberalised, with private sector participants playing an important role in generating power, ZESCO Limited (ZESCO), a vertically integrated electricity utility, has historically dominated the Z

Agriculture, Zambeef Products PlcOctober 20, 2020

ZAMBEEF LEADING LOCAL BUSINESS IN FILLING COVID FOOD CHAIN GAP
CHISAMBA, ZAMBIA – Growing consumer confidence in local products has been welcomed by Zambeef Products as the retailing and agribusiness giant hosted Minister of Commerce, Trade and Industry Hon. Christopher Yaluma at its Chisamba operations. Zambeef Chief Operating Officer Mike Lovett said the company was encouraged by the increased acceptance of local businesses as key drivers […]

Banking, StanbicOctober 14, 2020

New investments will give Africa the lead in agri development
JOHANNESBURG, 14 October 2020:  At a time when the rest of the world is re-thinking its approach to commercial agriculture, Africa has a clear opportunity to refresh its approach to the sector and become an emerging force. Big shifts are already happening in food production, land and water use, and the integration of agri-tech and […]

ZCCM-Investment Holdings PlcOctober 9, 2020

ZCCM IH shares gain the most during COVID-19
Zambia’s mining investment group, ZCCM IH, has recorded a share price increase in its security which is listed on the Lusaka Securities exchange. This is the first increase during the COVID 19 period and created K483.99 million worth of wealth for investors. “A share price gain of K3.01 was recorded in ZCCM increasing the security […]

Finance, Mining, ZCCM-Investment Holdings PlcOctober 5, 2020

50kgs of Gold Produced from Kasenseli gold mine
Minister of Mines and Minerals Development Hon. Richard Musukwa has expressed happiness with the progress made at Kasenseli gold mine project in Mwinilunga District. The project being developed by Zambia Gold Company Ltd (ZGC) owned by ZCCM-IH (51%) and Ministry of Finance (49%) has so far produced 50 kilograms of gold worth USD $3 million. […]