FinanceFebruary 19, 2018

The next IPO on LuSe
It’s been a while since we last had an IPO. In our market, they are seldom and few in between. However, when the signal that ZAFFICO may be seeking an IPO in 2018 was issued, we at FiZ got extremely excited because our firm would finally have an opportunity to track an IPO in Zambia. […]

BankingFebruary 19, 2018

Decoding the future Banking Model
The banking industry has come a long way since the time Goldsmiths started keeping gold in vaults. It is an industry that has seen tremendous changes over the ages, from the highs to the crushing lows reminiscent of Lehman Brothers in 2008. It’s an industry that has almost seen it all, well “almost” is the […]

Agriculture, Strategy, Zambeef Products PlcFebruary 13, 2018

IDC under Attack
It has been an interesting start to the year 2018 for the custodians of all parastatals. IDC closed 2017 with a $15m purchase of ZAMPALM. While the ink was still drying following this acquisition, we learned through zambia24.com that their CEO Mateyo Kaluba (MK) had announced to a Parliamentary Committee on Parastatal Bodies chaired by Msanzala Member […]

Copperbelt Energy Corporation PlcJanuary 30, 2018

CEC Enters Transfer Market
While many pundits were busy looking at the English premier league transfer window, FiZ had its eyes set on another transfer of significant importance. Through SENS announcement of 30th January 2018, news broke out regarding a firm intention to make a binding offer for all of the ordinary shares of Copperbelt Energy Corporation PLC for […]

Banking, EconomyJanuary 29, 2018

Crowding out projected to ease
On 26th January 2018, Moody’s Investors Service announced that it had revised the rating outlook for the Government of Zambia to stable from negative and affirmed its B3 long-term issuer rating. Finance Minister Felix Mutati will be most pleased with this development as the measures his economic and finance team’s put in place are beginning […]

FinanceJanuary 21, 2018

The Mechanics of On-Lending Agreements
There has been much hype over some of the bilateral agreements that get signed by nations that seek development. For those of us domicile in emerging economies (fancy word for 3rd world country), it is evident that development of infrastructure to provide the most basic of services has required financing that is concessional. Concessional loans […]

FinanceJanuary 15, 2018

Bitcoin, Madness of crowds
The other day I ran across a BBC report, on how African millennials have been caught up in the bitcoin frenzy. The more I read about bitcoin, the more am convinced it’s nothing more than a speculative financial bubble. In 2017 March when I started tracking down bitcoin price it was trading at $1000, by […]

Mining, ZCCM-Investment Holdings PlcJanuary 13, 2018

Pius “Smokes” Cigar following Impairment Joy
Dr Pius must have been smiling when the unaudited provisional financial statements for results ended 31 March 2017 hit his desk. With top-line eroding by 52% (K198M : 2016 and K95M : 2017), his ZCCM-IH was heading into abyss. However, noting the timing of the publication, FiZ believes there was a protracted audit period for […]

Agriculture, StrategyJanuary 7, 2018

The Economics of Cholera
Financial Insight Zambia is saddened by the loss of life and prevailing outbreak of Cholera in our cities. Lusaka by statistics has been hardest hit by the epidemic and questions have arisen from many quarters as to what the solutions could be. Data coming in shows that the pandemic has affected more that 2000 of […]

BeverageJanuary 4, 2018

Delta steps in to ‘save’ Chibuku
\When Financial Insight Zambia published “Budweiser lacks taste for Chibuku 2017”, we predicted with certainty that it was only a matter of time before National Breweries’ flagship beverage was going to be disposed of. Its finally been sold. In SENS Announcement from National Breweries of 2nd January 2018, the company announced that Heinrich’s Syndicate Limited […]