EconomyApril 22, 2019

Week 16 Stock Market Update (15th to 18th April)
In the shortest trading week of April, the stock market recorded its best performance of the month with turnover and shares traded increasing by 2009% and 2546% from the previous lackluster week. However, it was also a week that saw one day of no trading. Equity Market Activity – Spotlight Holy Thursday “In 27 trades […]

EconomyApril 22, 2019

Daily FIZ – Monday 22/04
Domestic Zambia and Saudi Arabia have agreed to negotiate and sign a Bilateral Trade Agreement to facilitate seamless trade and a Bilateral Investment Treaty to facilitate investment. Read more: Lusaka Times Government has released 44 Million Kwacha to the National Road Fund Agency- NRFA to settle one month’s outstanding arrears owed to routine road maintenance […]

EconomyApril 19, 2019

Daily FIZ – Friday 19/04
Domestic Indo Zambia Bank has declared a 24 million Kwacha dividend to government. Read more: ZNBC Vice President Inonge Wina has launched the Southern Province Investment and Tourism Exposition. Read more: ZNBC Zambia on Wednesday launched the construction of China-aided milling plants, which are expected to greatly improve food supply and increase local employment in […]

EconomyApril 18, 2019

Daily FIZ – Thursday 18/04
Domestic The re-opening of Munali Nickel Mine in Mazabuka has excited the labour movement in the mining sector, describing the move as a major boost to the economy. Read more: ZNBC The Zambian government has opened talks with Chinese tech giant Huawei over the possibility of deploying 5 Generation Internet in Zambia. Read more: Lusaka […]

EconomyApril 17, 2019

Daily FIZ – Wednesday 17/04
Domestic Minister of Finance Margaret Mwanakatwe says the just ended Spring the meetings with the IMF and World Bank were a success. Read more: Lusaka Times Minister of Information and Broadcasting Services Dora Siliya says she will confer with her counterpart at the Ministry of Finance Margaret Mwanakatwe on the possibility of zero-rating newsprint as […]

EconomyApril 16, 2019

Daily FIZ – Tuesday 16/04
Domestic Zambia is Namibia’s most important trade link in the Southern African Development Community (SADC) with the lions’ share of 91.2% of total volumes of containerised exports via the Port of Walvis Bay in the western part of the country, according to Namibia State of Logistics (NSoL) 2018 report. Read more: Southern Times Africa Government […]

EconomyApril 15, 2019

Daily FIZ – Monday 15/04
Domestic Government in partnership with the Federal Republic of Germany and the European Union has launched the Good Financial Governance Programme. Read more: ZNBC Commerce, Trade and Industry Minister Christopher Yaluma has urged investors to take interest in Zambia’s natural resources. Read more: ZNBC Finance minister honorable Margaret Mwanakatwe has told Bloomberg that she is […]

EconomyApril 14, 2019

Kwacha loses 31.4% in the last 12 months; Bloomberg
The Zambia Kwacha has slide 31% over the last 12 months, according to Bloomberg data. The kwacha against the dollar exchange rate was lowest on 17th April 2018 at K9.4725 to the US Greenback. However, fast forward 12 months, it now trades at K12.45 as at Friday 12th April 2019.  

EconomyApril 13, 2019

Week 15 Stock Market Update (8th to 12th April)
Week 2 of April saw trading turnover plummet by over 70% recording the weakest performance for the exchange since week 1 of March 2019. Equity Market Activity In the week ended 12th April 2019, a total of 66,723 shares were transacted in 40 trades, yielding a market turnover of K41,388. A share price loss K0.01 […]

Banking, EconomyApril 12, 2019

Mobile money accounts grow by 143 million customers in 2018
On Thursday, United Nations held a State of Digital Financial Services Industry Launch in conjunction with Bank of Zambia to ensure that the opportunities and benefits of digital finance will reach low income people in difficult markets and to give companies in the industry insight into how digital financial services (DFS) are performing in regards […]