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 […]

British American Tobacco, StrategyDecember 15, 2017

The Forces of Competition in Zambia’s Tobacco Industry
When the announcements came from Roland Imperial Tobacco (RIT) and British America Tobacco (BAT) of their USD80 million and USD15 million (respectively) investments in setting up their local cigarette manufacturing plants in Lusaka South Multi-Facility Zone, we could not help but wonder about some of the competitive forces in Zambia’s tobacco industry. Recap. In 2016 […]

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 […]

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, FI, Finance, StrategyOctober 18, 2017

Zambia’s Medium Term Debt Management Strategy Part II
This is part 2 of a 2-part analysis on the MTDS. If you’re only joining us now let me give a quick recap of the previous article. Basically, the Zambian government, through the Ministry of Finance are publishing the very first Medium-Term Debt Management Strategy. The publication is meant to provide information to all market […]

StrategySeptember 24, 2017

Why am I here? KUPES Conference 2017
Financial Insight Zambia believe that Women are the future of value creation in Zambia. Statistics indicate that there are more women than men in Zambia that are in situations that allow them to be a part of the value making processes. That is why we are proud of the work that Norena Chiteba and her […]

British American Tobacco, StrategySeptember 18, 2017

BAT Zambia headed to a new Nash equilibrium
BAT Zambia’s competitive landscape indicates that the firm is currently in a battle with other established players for 70% of a “legal” market. The other 30% currently belongs to illicit cigarette traders. Annual report after annual report has seen their Chairman Michael Mundashi consistently complain about the unwelcome competitive forces of illicit cigarettes. When assessing […]

StrategySeptember 7, 2017

Project Ekaris: Open Letter to our Benefactor
Dear Uncle C, We have a problem with Company C. It appears we may be getting a loss at year end. The macro factors have hit the company hard. Am working articles at the moment that should shed some light into the mechanics of the deal but seems there is now a sale of some […]

Agriculture, Strategy, Zambeef Products PlcSeptember 7, 2017

Zambeef loses taste for oil
When the news hit our desk that Zambeef was to sell a 90% stake in Zampalm, its oil producing wing, we asked the question why? Although there were indications that the division was loss making in the recent results, looking at the capacity and potential the division had, it was surprising that the company had […]