EconomyApril 12, 2019

State of the Digital Financial Services (DFS) Industry – 2018
The UN Capital Development Fund (UNCDF) launched MM4P in 2012 to ensure that the opportunities and benefits of digital finance would reach low-income people in difficult markets. This initiative is in line with the third strategic objective of Bank of Zambia which is “to increase formal financial inclusion by 16% percentage points in order to […]

EconomyApril 12, 2019

Daily FIZ – Friday 12/04
Domestic Turkey’s Independent Industrialists’ and Businessmen Association (MUSIAD) has expressed interest to establish a trade centre in Zambia. Read more: ZNBC Ministry of Commerce and Industry Permanent Secretary Kayula Siame has urged the private sector to ensure they add value to agricultural products. Read more: ZNBC The World Bank has invited Zambia to become one […]

EconomyApril 11, 2019

Daily FIZ – Thursday 11/04
Domestic Nearly 2,000 Zambian villagers have won the right to sue mining giant Vedanta over alleged pollution, the UK Supreme Court has ruled. Read more: BBC A 30-member delegation of Finnish private company officials are in the country to explore possibilities of engaging government and the livestock subsector to increase the production and export of […]

EconomyApril 10, 2019

Daily FIZ – Wednesday 10/04
Domestic Minister of Finance Margaret Mwanakatwe has arrived in Washington DC, for the 2019 Spring Meetings of the IMF and the World Bank. Read more: Ministry of Finance The World Bank says Zambia needs to boost its copper production if it is to maximise its revenue base. Read more: ZNBC Data from the ‘Finnish Week […]

EconomyApril 9, 2019

PMI Resurgence Short-lived
The gains of February 2019 in Purchasing Manager confidence were quickly erased when the March 2019 PMI report was released by Stanbic Bank Zambia in Lusaka. Following renewed confidence half way through Q1, the signs of a February pick-up suffered a set up as the PMI index score for March posted at a 2 point […]

EconomyApril 9, 2019

Daily FIZ – Tuesday 08/04
Domestic Zambia has been recognized by the African Union as a model country that has institutionalized the coverage of social security to the informal sector by creating structures at National level. Read more: Lusaka Times Vice President Inonge Wina, says the government will always provide a suitable and fertile economic environment for the development of […]

EconomyApril 8, 2019

Daily FIZ – Monday 08/04
Domestic Government has expressed optimism that the Copperbelt International Airport in Ndola will be completed by Mid-2020. Read more: Lusaka Times French multinational utility company ENGIE has inaugurated its first PowerCorner in the Zambian village of Chitandika. Read more: Africa Business Communities Deputy Secretary to the Cabinet Christopher Mvunga says Zambia has remained a top […]

EconomyApril 6, 2019

Week 14 Stock Market Update (1st to 5th April)
Investors continued to look at a larger number of securities for a second week in roll following the beginning of a new trading month . However, Turnover and number of shares traded fell by 89% and 67% respectively following the previous week’s peak of March 2019. Bond Market Activity During the week, bonds of total […]

EconomyApril 5, 2019

HLB ZAMBIA on SALES BILL ACT, 2019 – Comparative Analysis
Cabinet led by the Republican President met on 1st April, 2019 at which the sales tax Bill, 2019 and the income tax (Amendment) Bill, 2019 were discussed and approved. Approved also is the repealing of the VAT act which has been operational in Zambia since 1995. Sales tax replaces the VAT act and is levied […]

EconomyApril 5, 2019

Daily FIZ – Friday 05/04
Domestic Securities Exchange Commission -SEC- and Financial Sector Deepening Africa – FSDA- have signed a Memorandum of Understanding to strengthen the country’s capital market sector so that it meets international standards. Read more: ZNBC The bilateral trade volume between Zambia and China has reached US$5 billion for the first time in the 55 years history […]