Economy, OpinionOctober 2, 2018

When one of the “Big Four” hosts the Finance Minister
Whilst regulators in Britain continue to fight a battle of what to do with the “Big Four” auditing firms (Deloitte, EY, KPMG and PwC) following several financial reporting scandals that included Tesco and British Telecom (BT), in another part of the “galaxy”, the big four were busy courting Zambia’s Minister of Finance Honourable Margaret Mwanakatwe […]

Economy, OpinionSeptember 17, 2018

Maggie ‘Schools’ Us on Project Finance
When London based Africa Confidential (AC) began publishing a series of articles that highlighted the extent and repercussions of Zambia’s contracted debt, we read with interest where all of this was going. We also took note of the lethargy that came out of the Ministry of Finance in rebutting some of the assertions that were […]

Economy, OpinionSeptember 12, 2018

The Role of IDC in the Era of Austerity
When The Industrial Development Commission (IDC) took over 29 firms out of the 33 State Owned Enterprises (SOEs), their board chairman articulated that line ministries would then focus on policy-making. This occurrence thereby gave IDC the direct mandate and authorisation on behalf of the Zambian Government to oversee performance and accountability of the reassigned SOEs. Incorporated […]

Economy, OpinionSeptember 11, 2018

ZiCA Dates The Press at Q3
On the morning of 9th September 2018, ZiCA held what was the most important quarterly “date the press” event of their history. The ZiCA council has been hold quarterly briefing for some time now, and visibility has been stronger under the presidency of Jason Kazilimani. The purpose of the event is not to act as […]

Economy, OpinionSeptember 5, 2018

Denny’s Dilemma
In August 2018, at his MPC briefing, Central Bank Governor made the following statement: “Annual overall inflation rose for the second consecutive quarter to 7.4% in June from the 7.1% recorded in March 2018, but remained within the 6-8% target range.” OK! The Central Banks target range has been 6-8%. Now, Central Statistics Office recently […]

Economy, OpinionAugust 27, 2018

MPC at Q3
As we awaited the announcement from the Central Bank, we could not help but wonder how MPC would move with all that was before them. With IMF discussions all but put on ice, an exchange rate that has felt exogenous pressure, a fiscal deficit that remains unabated, Moody’s downgrading the country’s credit rating to Caa1 […]

Opinion, Personal FinanceAugust 22, 2018

“Money management” the financial stress reducer
Recently, there have been echoes across many sectors in Zambia of the advent of austerity. We have heart a number of public figures speak about the importance of tightening our belts. There is evidence from the FMCG world that signs of recession are in our midst. Recently on Bloomberg, Africa’s biggest grocer announced that poorer […]

Economy, OpinionAugust 22, 2018

Debt management in the era of pressing infrastructure needs
In the past 15 years, we have seen average growth of about 5% to 7% than the global average, which however has been mostly commodity driven. This rising growth episode is almost gone and future growth will be replaced by the new strategies we put in place now to reposition our economy. The commodity era […]

Strategy, TelecomAugust 16, 2018

Is the Zambian Telecoms Industry Suffering From Marketing Myopia?
Following the recent announcement of the introduction of a new tax that would be targeting voice calls made using Voice over IP services such as facebook and Whatsapp calling, we felt it prudent to view the industry through the lenses of Michael Porter and Theordore Levitt. Michael E Potter published the book and article “Competitive […]

Opinion, Personal FinanceAugust 13, 2018

Retirement Planning – Part Two (Pension Benefits)
“The question isn’t at what age I want to retire, it’s at what income” – George Foreman                                                                             […]