Economy, OpinionMay 1, 2019

LuSE’s April Trading performance slumps by 50%
Turnover from trading on the Lusaka Securities and Exchange fell by 50% in April 2019 compared to the previous month. The turnover recorded in April reduced to K2.1 million from K 4.3 million recorded in the previous month. The exchange saw 1.5 million shares being traded during the month of April from 1.8 million in […]

Economy, OpinionMay 1, 2019

IMF Staff forecast 2.3 percent growth in 2019 for Zambia
Zambia’s growth for 2019 has been forecast to decelerate from 3.7 percent in 2018 to 2.3 percent in 2019, according IMF’s End-of-Mission press release. The press release from the IMF staff teams that convey preliminary findings after they visited Zambia, do not necessarily represent the views of the IMF’s Executive Board indicating that the forecasts […]

EconomyMay 1, 2019

Daily FiZ – Wednesday 01/05
Domestic Agriculture Minister Michael Katambo has urged millers who have accessed maize from the Food Reserve Agency-FRA- to immediately reduce mealie meal prices. Read more: ZNBC President Edgar Lungu says Zambia needs to open new areas of cooperation with Angola as a way of enhancing trade. Read more: Lusaka Times The Zambia Chamber of Mines […]

EconomyApril 30, 2019

Daily FiZ – Tuesday 30/04
Domestic The Bank of Zambia has urged state owned telecommunication firm Zamtel to champion the provision of digital solutions in order to contribute to the achievement of the ambitious financial inclusion targets. Read more: BOZ Poultry Association of Zambia (PAZ) Executive Manager, Dominic Chanda says the poultry industry has created over 83, 000 direct jobs […]

EconomyApril 28, 2019

Week 17 Stock Market Update (23rd to 26th April)
In the second ‘4 day week’ of the month (due to the Easter weekend), trading for week 4 resumed with the resurgence and gusto of the previous week. However, turnover and trading volumes were down by 13% and 36% respectively. The week now ranked second highest for April as the penultimate week for the month. […]

EconomyApril 26, 2019

Daily FiZ – Friday 26/04
Domestic Bloomberg reports that Zambia’s credit profile is constrained by it high debt burden which will increase even more, Moody’s Investors Service said. Read more: Lusaka Times ZESCO Managing Director Officer Victor Mundende has justified the 91% average retail electricity tariff hike proposal. Read more: Lusaka Times In an effort to bridge access to finance […]

EconomyApril 25, 2019

Daily FIZ – Thursday 25/04
Domestic Government will seek the attention of SADC and AU regarding the traffic jam that has choked business at Kasumbalesa Border Post on the Copperbelt Province. Read more: ZNBC The yield curve for Zambia’s Eurobonds, which are the worst performers in emerging markets in the past year, is increasingly inverted-meaning that shorter-dated securities have higher […]

EconomyApril 24, 2019

Daily FIZ – Wednesday 24/04
Domestic The JCTR Basic Needs Basket for the month of March for a family of five in Lusaka increased to K5, 543 from K 5, 331 in February 2019, an increase of K212.Read more: JCTR Tourism and Arts Minister Charles Banda has called on Chinese tour operators to promote the Victoria Falls as a Zambian […]

EconomyApril 23, 2019

Daily FIZ – Tuesday 22/02
Domestic Transport and Communications Minister Brian Mushimba has said that he is engaging the Ministry of Finance over the release of 50 million Kwacha to recapitalise Zampost. Read more: Lusaka Times Zambia’s High Commissioner to South Africa Emmanuel Mwamba says Africa requires strategy to liberate its people from poverty and Famine. Read more: Lusaka Times […]

EconomyApril 22, 2019

Zambia GDP economic forecast moves southward to 3.55% for April 2019; Bloomberg
Zambia recorded the lowest growth rate in April with Gross Domestic Product at 3.55% in April from 3.75% in March 2019. Bloomberg tracks country GDP and recently harvested data off their terminal indicates that the economic forecast on an annual year on year basis shows that the country’s GDP growth rate has been revised downwards […]