EconomyDecember 2, 2017

(BIG READ) Africa: most expensive continent to send money in the world
Martin Namasaka explains why African governments, development agencies and service providers need to collaborate to look at reducing the cost of sending remittance to Africa.  At an estimated USD 66 billion in 2015, formal remittances to Africa are three times larger than overseas development assistance and more stable than most other sources of finance. Remittance flows have become one [&hel

EconomyDecember 2, 2017

An “Italian Job” for HLB Reliance Zambia
In a recent article published by the legacy Zambia Daily Mail of 24th November 2017, Kalonde Nyati reported on a business forum in Rome that was organized by Victoria Mushibwe (Charge d’Affaires at the Zambian mission in Roma) in conjunction with the Confindustria Assafrica Mediterraneo an umbrella body of business associations in Italy. The Confindustria […]

EconomyDecember 2, 2017

Bitcoin for Zambia: Are we there yet?
Covering the performance of companies listed on the Lusaka Securities Exchange (LuSE) is always a pleasure. However, there have been interesting discussions regarding a topic we touched on many moons ago. The rise of Bitcoin. We believe Bitcoin should have been a topic of discussion in Zambia from the very beginning. Why? It’s disruptive and […]

Economy, FinanceNovember 22, 2017

WHU Sensxafrica Masterclass inspires
Professor Serden Ozcan of the WHU Otto Beisheim School of Management from Germany is passionate about Venture Capital in Africa. Attending his master class was not only insightful but inspiring. The executive education class not only put context to what venture capital was but also provided ways in which African countries such as ours can […]

Agriculture, Strategy, Zambeef Products PlcNovember 17, 2017

Zambeef: When Investors Call the Shots!
When UK’s development finance house, CDC Group, made the acquisition of 17.5% of Zambeef last year for $65m not only was it a positive statement about the reason why Zambia had become an idea investment destination but was a testament to the value creation potential they saw in the farm to shop company. With operations […]

StrategyNovember 2, 2017

How to detect financial distress in Premier Companies
As premier companies begin to wrap up 2017, FiZ turns its attention to the subject many firms often do not want to discuss. When EBITDA is positive and liquidity is great, few companies ever imagine what life can be like if they faced financial distress. Furthermore, financial distress is an often painful subject for employees […]

EconomyOctober 26, 2017

Upward Trend in Kwacha vs. Dollar
The proverbial fight between the Kwacha and Dollar continued today (26:10:17) as Bank of Zambia reported the Dollar had finally breached the K10 barrier on interbank at 12:30 pm. An analysis of the performance of the Kwacha since January this year shows the currency had its best months in the first half of the year. […]

EconomyOctober 25, 2017

Why is participation on AIM so poor in Zambia?
The Alternative Investment Market (AIM) is the secondary listing market that Lusaka Securities and Exchange (LuSE) has provided for companies that meet a particular criteria. For some time, TFHZPC has been discussing with LuSE and the Securities and Exchange Commission regarding the subscription to the AIM. Findings thus far indicate that small and medium sized […]

StrategyOctober 23, 2017

FiZ at Independence
It’s that time of the year again when we look back at the accomplishments we as a nation have made from the time we achieved independence. Premier companies, far and wide, will be celebrating independence tomorrow. Zambia’s story of entrepreneurship has often not been told enough. Maybe if it was, we would understand the different […]

Economy, FIOctober 19, 2017

Prayers for China and Copper
In anticipation of the Day of National Prayer this past week one of my colleagues jokingly tabled that in addition to peace and reconciliation, as a nation we also need to have specific prayer points directed towards Chinese growth and the global copper price. In as much as it was light banter shared among colleagues, […]