Economy, RetailAugust 18, 2020

Zazu launches Union 54
Local Fintech Zazu has launched a Fintech Banking union named ‘Union 54’. The app is slated to provide Fintechs who are established and regulated as Electronic Money Issuers (Zazu in Zambia) will be eligible to apply to be a ‘Founding Member’ of the Union. Each Fintech considered a ‘Founding Member’ will be entitled to shares […]

EconomyAugust 18, 2020

Daily FiZ – Tuesday 18/08
Story of the Day: The first half of the year (H1) has come to an end so management teams across the banking industry are reviewing their strategies to determine how well they are performing against their annual budgets and whether they will meet their targets by year-end. Last week, the press released financial statements for […]

EconomyAugust 17, 2020

Daily FiZ – Monday 17/08
Story of the Day: COVID-19 has had a telling impact on business conditions in the local private sector since the outbreak started in Zambia earlier this year. According to Stanbic Bank’s Purchasing Managers’ Index (PMI) for July 2020, the private sector has seen further reductions in output, new orders, and employment for the sixth successive month […]

Economy, OpinionAugust 15, 2020

Bond Market Diary (10th to 14th August 2020)
In the second week of August 2020 bond trading on the LuSE, bonds of total face value of K292,406,000 were transacted in 18 trades, yielding a market value sales of K192,280,000. Four days recorded trades of which Tuesdays’ bond trading was the best performing of the week. Week two outperformed week one in terms of […]

Economy, OpinionAugust 15, 2020

Weekly Capital Market Report (10th to 14th August 2020)
In the second week of the month of August 2020 Bond trading, the equities market falls by 74% from week one is magnificent score of 92% as it recorded an 18% to 82% on the bond market. This isn’t necessarily a bad score, we just hoped for better in the month of August as it […]

Economy, OpinionAugust 15, 2020

Weekly Stock Market Review (10th to 14th August 2020)
In the second week of August 2020 trading on the LuSE, Seven companies’ securities recorded trades.  Mondays’ equities trading was the best performance of the week. Trading activity was recorded in AEL ZAMBIA, AIRTEL, CEC ZAMBIA, LAFARGE, PUMA, STANDARD CHARTERED and ZANACO. Monday 10th  In 5 trades recorded today, 325,008,101 shares were transacted yielding a […]

Economy, OpinionAugust 14, 2020

The Chase for Treasury Bills is Going Somber! The Why and the Worry
-Republished with authors permission …What happened? August 13 marked the seventeenth time that the Bank of Zambia, on behalf of the central government, came to the primary market sale Treasury bills this year. Against government appetite of ZMW 1.3 billion, a total of ZMW 1.45 billion (at cost) was bid and wholly mopped up by […]

Economy, OpinionAugust 12, 2020

(Sponsored) Private Sector conditions show glimpses of resilience
As Stanbic remains optimistic that the worst of the downturn may be behind us. COVID-19 has had a telling impact on business conditions in the local private sector since the outbreak started in Zambia earlier this year. According to Stanbic Bank’s Purchasing Managers’ Index (PMI) for July 2020, the private sector has seen further reductions […]

EconomyAugust 12, 2020

Daily FiZ – Wednesday 12/08
Story of the Day: The Lusaka Securities Exchange All Share Index (LASI) has lost approximately 9.4% of its value since the start of the coronavirus pandemic, according to an analysis conducted by Financial Insight Zambia. Read more  Local Business and Finance Sponsored By Liquid Telecom  The Chamber of Mines says it will stand by what […]

Economy, OpinionAugust 12, 2020

PMI modestly improves, but..
At face value, the latest Stanbic Bank Zambia Purchasing Managers Index, PMI, appears modestly encouraging. At 44.6 in July, the headline PMI was up from 42.3 in June and posted its highest reading since March and is much more ‘normal’ than the readings in the previous months. This may help rekindle the idea of a ‘V-shaped’ […]