Economy, RetailDecember 16, 2020

Kazungula Bridge to be paid in full – Mwale
Statement According to a report by News Diggers the Minister for Housing and Development, Honorable Vincent Mwale, has committed to paying any balance on the bridge by the end of the year.  As of today  the government has made payments totaling $73.7 million and the current balance stands at $8.7 million, which Mwale declares will […]

EconomyDecember 16, 2020

Daily FiZ – Wednesday 16/12
Story of the Day: Metal Fabricators of Zambia (ZAMEFA), a public limited liability company incorporated in the Republic of Zambia under the companies Act, first started its operations in 1968, just over 4 years after the independence of Zambia; it was later privatized in 1996 and in 2004 it was listed on the Lusaka Securities […]

EconomyDecember 15, 2020

Daily FiZ – Tuesday 15/12
Story of the Day: In one of the annual events held by the Economics Association of Zambia, they had their Third edition on the 11th of December 2020. Sponsored by ZESCO as a platinum sponsor as well as STANBIC and WWF as silver sponsors under the theme A Resilient Economy post COVID-19, its main focus […]

EconomyDecember 14, 2020

Daily FiZ – Monday 14/12
Story of the Day: The Board of Directors of the Zambia Chamber of Commerce and Industry (ZACCI) is pleased to announce the appointment of Mr. Phil E. Daka as Chief Executive Officer of ZACCI with effect from 16th November 2020. Read more Local Business and Finance Sponsored By Liquid Telecom The Bank of Zambia will […]

Economy, OpinionDecember 13, 2020

BUILDING A RESILIENT ECONOMY POST COVID-19(2020 Economics association of Zambia Annual gala)
In one of the annual events held by the Economics Association of Zambia, they had their Third edition on the 11th of December 2020. Sponsored by ZESCO as a platinum sponsor as well as STANBIC and WWF as silver sponsors under the theme A Resilient Economy post COVID-19, its main focus is on revealing opportunities […]

Economy, OpinionDecember 12, 2020

Weekly Bond Market Diary (7th to 11th December 2020)
Two weeks into the month of December 2020 bond trading, bonds of total face value of K223,370,000 were transacted in 27 trades, yielding a market value sales of K172,214,00. Only four days recorded trades of which Thursdays’ bond trading was the best performing for the week. The second week of December 2020 bond trading has […]

Economy, OpinionDecember 12, 2020

Weekly Capital Market Review (7th to 11th December
In the second week of the Final trading month of  2020, bond trading on the LuSE. We revert back to our old pattern as the equities market recorded a score of 2% to 98% on the bond market. This is a 33% drop from the week prior, hoping that the odds favor the equities market […]

Economy, OpinionDecember 12, 2020

Weekly Stock Market Review (7th to 11th December 2020)
Two weeks into the Final month of the year, trading on the LuSE. Six companies’ securities recorded trades of which Tuesdays equities trading was the best performing for the week. Trading activity was recorded in CAVMONT CAPITAL HOLDINGS ZAMBIA, COPPERBELT ENERGY CORPORATION, PUMA, REAL ESTATE INVESTMENT ZAMBIA, STANDARD CHARTED BANK ZAMBIA, and ZANACO. Companies’ securities […]

Economy, Finance, Opinion, ZCCM-Investment Holdings PlcDecember 11, 2020

REMARKS BY MR. MABVUTO CHIPATA, CHIEF EXECUTIVE OFFICER – ZCCM INVESTMENTS HOLDINGS PLC DURING THE SIGNING CEREMONY OF A MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN ZCCM- IH AND THE BANK OF ZAMBIA (BOZ)
Today’s event is a landmark one, and we are excited as it is the culmination of a dream that was birthed even before a gram of gold was mined from our end. As you may know, last year, Government declared gold as a strategic mineral, and in order to provide a well-coordinated mechanism of exploiting […]

Economy, OpinionDecember 11, 2020

BANK OF ZAMBIA GOVERNOR’S REMARKS ON THE OCCASION OF THE GOLD PURCHASE AGREEMENT SIGNING CEREMONY BETWEEN BANK OF ZAMBIA AND ZAMBIA GOLD COMPANY LIMITED
It’s my pleasure to extend a warm welcome to you all to this signing ceremony of the Gold Purchase Agreement between the Bank of Zambia and Zambia Gold Company Limited. The signing of this Agreement is an important milestone in the Bank’s efforts to resume the holding of gold as part of the country’s foreign […]