EconomyMay 10, 2019

Daily FiZ – Friday 10/05
Domestic Zambia and Angola are this month expected to discuss terms of engagement for the planned development of an oil pipeline and refinery that will provide a cheaper source for petroleum to Zambia. Read more: Zambia Daily Mail Chief Kizela of the Kaonde people of North -Western Province has appealed to President Edgar Lungu to […]

EconomyMay 9, 2019

Daily FiZ – Thursday 09/05
Domestic Zambia Revenue Authority (ZRA) has revealed that only two mining companies out of 12 major corporations have been declaring profits for over a decade. Read more: Daily Mail Zambia has maintained third position in the sugar production category in Common Market for Eastern and Southern Africa (COMESA) region, with most of the raw produce […]

EconomyMay 8, 2019

April Purchasing manager index slides further
Zambia’s purchasing manager index has continued to weaken according to the recently updated PMI score for April 2019 updated in the first week of May and available on the Bloomberg Terminal (Ticker code: MPMIZMWA). Following its peak (above 50 which is bullish) in February of this year, the last two months show a continued slide […]

EconomyMay 8, 2019

Daily FiZ – 08/05
Domestic The Economics Association of Zambia-EAZ-has called for further consultation on the country’s’ debt situation. Read more: ZNBC European Union Head of Delegation in Zambia Alessandro Mariani has called for the improvement and support of creative arts for the development of the country. Read more: ZNBC Public finance officials will be key beneficiaries of an […]

EconomyMay 7, 2019

Daily FiZ – Tuesday 07/05
Domestic Zambia Revenue Authority Commissioner General Kingsley Chanda says Value Added Tax has been a drain on national coffers since its introduction in 1995. Read more: ZNBC The Zambia Institute of Human Resources Management says the new Employment Code Act of 2019 will enhance the regulation of employment and human capital productivity. Read more: ZNBC […]

EconomyMay 6, 2019

Daily FiZ – Monday 06/05
Domestic Zambia will pay off all outstanding legitimate VAT refunds, but plans to press ahead with a new non-refundable sales tax despite criticism from some businesses as it strives to cut debt, Margaret Mwanakatwe said on Friday. Read more: Mining Various stakeholders have welcomed Governments decision to suspend the tariff review application made by ZESCO […]

EconomyMay 5, 2019

Week 18 Stock Market Update (29th April to 3rd May)
Week 18 came with a combination of the epilogue of April and the beginning of May with the former closing off as the 3rd best month of trading over the four months recorded thus far. Equity Market Activity In the week ended 03rd May 2019, a total of 118,024 shares were transacted in 140 trades, […]

Economy, Opinion, RetailMay 4, 2019

Why Amos Chanda is probably upset with Bloomberg and African Confidential
For those of us that believe in the existence of the random walk hypothesis and consequently the efficient markets hypothesis, we understand that information is very important especially in the era of well developed speculative investors who rarely base investment decisions on fundamentals but on the arrival of new information. The random walk hypothesis is […]

EconomyMay 3, 2019

Daily FiZ – Friday 03/05
Domestic The Ministry of Commerce is impressed that there is an increase in the number of locally produced goods being sold in chain stores operating in the country. Read more: ZNBC The International Monetary Fund has advised the Zambian Government to avoid contracting new non-concessional debt. Read more: Lusaka Times Tourism and Arts Minister Charles […]

EconomyMay 2, 2019

Daily FiZ – Thursday 02/05
Domestic The Zambian Government and the International Monetary Fund-IMF – have agreed on several areas that require immediate policy response. Read more: ZNBC Atlas Mara will swap its operations in Rwanda, Zambia, Mozambique and Tanzania for a 6.27 percent stake in Nairobi-based Equity Group Holdings Plc, Atlas Mara said in a statement on Tuesday. Read […]