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 […]

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 […]

Economy, OpinionAugust 13, 2018

Trees! A rapidly growing investment opportunity
Duncan Logan, the CEO of RocketSpace, made an interesting observation last year; “You only get 40 attempts at farming. From your 20’s to your 60’s, you get 40 seasons. In tech you get 40 attempts a week.”. His message is clear, technology will pave the future of farming for decades (perhaps longer) to come. Investment […]

Economy, OpinionAugust 8, 2018

An effort to demystify ‘refinancing’
The past week has been interesting specifically around the unfolding ‘refinancing’ discussions by the general public. This was brought to the fore after the President raised the subject with the President of Turkey. Listening to the ensuing debates and discussions was perhaps as interesting as to those debates and discussions that unfolded on the topic […]

Economy, OpinionJuly 29, 2018

Land of Rising Sun Sends Business Envoys to Zambia
So, on a day that was declared a public holiday by the Head of State, I decided to do what a typical entrepreneur ought to do in their spare time: Network. By chance, I had heard of the arrival of 50 business delegates from Japan from various industries such as agriculture and construction who would […]

Economy, OpinionJuly 25, 2018

Should the Argument of Hidden Debt still rage on?
It is no secret that the IMF has been dating Zambia for several months now as two of Zambia’s Finance Ministers have attempted to secure a deal to plug in the fiscal hole of USD 1.3 billion. To take you back, it was the eruption of reports in Mozambique that hidden debt existed caused an […]

EconomyJune 6, 2018

Anatomy of a Depreciating Currency – Why the Kwacha tumbles
There has been continued concern over the depreciation of the kwacha. The local currency has seen most of its value eroded, and most FX analysts fear that it could depreciate further. On 1st June 2018, the currency closed at 10.3 against the USD. Historically, the kwacha hit its lowest point in November 2015, when it […]