EconomyOctober 17, 2019

Daily FiZ – Thursday 17/10
Story of the Day: The dominance of the corporate bond market is being weakened by the force of government bonds and tightened liquidity. Investors are seeking out higher-yielding assets. However, the equities market also showed a rebound as securities trading surged. Read more Local Business and Finance The Zambia Revenue Authority (ZRA) says it will […]

Opinion, Personal Finance, StrategyOctober 16, 2019

The Inevitability of technology dependence in the Accounting Industry
I vividly remember sitting in that lecture theatre as a third-year Computer Science student, (2015, DMI-ST.EUGENE UNIVERSITY) when one of our lecturers informed us that as a requirement, we were to undertake “Principles of Accounting” as a mandatory course. As you would guess, this did not make sense to many of us at the time. […]

EconomyOctober 16, 2019

Daily FiZ – Wednesday 16/10
Story of the Day: If at all there is one young Zambian woman that is focused on enabling the financial inclusion and empowerment of women in Zambia and the sub-Saharan region, then Lelemba Phiri is one of them. Recently, she made a big announcement of the establishment of the first Venture Capital fund that would […]

Economy, OpinionOctober 15, 2019

IFRS 16, Leases – Key changes and working capital considerations
Over the last year many finance teams have successfully implemented two new accounting standards, IFRS 9 – Financial instruments and IFRS 15 – Revenue from contracts with customers and are realising that the level of effort required and changes have been greater than anticipated. Drawing from this experience, finance teams will need to engage early […]

EconomyOctober 15, 2019

Daily FiZ – Tuesday 15/10
Story of the Day: The Board of Directors of Investrust Bank Plc has announced the departure of Mr. Harry Mafuta as Chief Financial Officer of the Company effective 10th October 2019. Read more Local Business and Finance Atlas Mara has recorded over 10,000 new customers in the five months it has been running “Switch and […]

EconomyOctober 14, 2019

Daily FiZ – Monday 14/10
Story of the Day As Q4 set in and a new financial year started for one of Zambia’s leading auditing and consulting firms, having a relaxed day at Bonanza Golf estate was the perfect way for KPMG and its counterparts to chart the way into 2020 through networking. Read more Local Business and Finance Financial […]

Economy, Opinion, StrategyOctober 13, 2019

Key Takeaways from the Inaugural Off-Grid Energy Access Forum
Earlier this autumn, energy access experts from EDF, Engie, BBOXX, Power Gen, The World Bank, and many others packed into a central London conference room for GreenTech Media’s (GTM) inaugural Off-grid Energy Access Forum. A key concern and starting point for attendees was the ways in which African utilities, operating as vertically integrated natural monopolies, […]

Economy, OpinionOctober 13, 2019

Weekly Capital Markets Report – (7th to 11th October 2019)
The dominance of the corporate bond market is being weakened by the force of government bonds and tightened liquidity. Investors are seeking out higher-yielding assets. However, the equities market also showed a rebound as securities trading surged.   Equity Markets Summary In the week ended 11th October 2019, a total of 1,403,298 shares were transacted […]

Economy, OpinionOctober 13, 2019

Weekly Stock Market Report (7th to 11th October 2019)
In the second week of trading in October, a total of 7 companies traded on the LUSE. The chart below shows the closing share prices for traded equities in a week that was stronger than the opening week of the month.     Monday 7th Week 2 of October 2019 opened with 85 shares being […]

Economy, Opinion, StrategyOctober 13, 2019

Enygma Ventures’ Lelemba touch
If at all there is one young Zambian woman that is focused on enabling the financial inclusion and empowerment of women in Zambia and the sub-Saharan region, then Lelemba Phiri is one of them. Recently, she made a big announcement of the establishment of the first Venture Capital fund that would focus on investing in women […]