For the record, before we all lose our minds following the recent downgrading of Zambia’s credit rating by the last of the big 3 ratings agencies, let’s take a walk down memory lane to remind ourselves who these guys are and how, from a ratings perspective, we go here. According to an entry on wikipedia.org, […]

As the trade ward ensues between the United States and China, Zambia’s Central bank Governor Denny Kalyalya will be praying for copper and China. In a recent article attributed to the FT, in a recently published Global Outlook report, Barclays is reported to reaffirm its position of 6.7 per cent growth forecast for China in […]

Following a recently published article on this website, a lawyer and finance expert engaged with the Founder of Financial Insight in an exchange that made memorable reading that we felt needed to be immortalized in an article. The following is their exchange and the views expressed are merely opinions of the respective authors. Paul Mulenga: […]

On Monday 1st October, 2018, KPMG held a 2019 Budget discussion programme over hot breakfast at Hotel Intercontinental in Lusaka. It brought together and ensemble of delegates from different sectors of the economy. The discussion which attracted delegates from different organisational backgrounds and honorable ministers was aimed at discussing and understanding the National budget which was rec

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]