EconomyApril 4, 2019

KPMG Zambia Sales Tax Alert – April
The highly anticipated Sales Tax Bill was presented to Parliament on 2 April 2019 by Honourable Margaret Mwanakatwe, Minister of Finance. The Bill has similarities to the abolished Value Added Tax legislation with respect to administration. However, there are notable tax differences which we highlight below. How will Sales Tax work in Zambia? The registration […]

EconomyApril 4, 2019

LuSE falls 7% in 6 weeks
The Lusaka Securities Exchange (LuSE) All Share index has lost 7.14% in the last 2 months. In recent weeks, share prices of AEL Zambia and CEC Zambia have fallen by 10% and 9.8% respectively. The current leaders and laggers include AEL Zambia, Zambian Breweries, National Breweries and Zanaco Bank as leaders with Zambia Sugar, CEC […]

EconomyApril 4, 2019

Daily FIZ – Thursday 04/04
Domestic Transport and Communications Minister, Brian Mushimba says the re-establishment of the Zambia Airways is on course, with the launch set for the third quarter of this year. Read more: ZNBC Commerce, Trade and Industry Minister Christopher Yaluma has called on Common Market for Eastern and Southern Africa -COMESA- member countries to ratify the Tripartite […]

EconomyApril 3, 2019

Daily FIZ – Wednesday 03/04
Domestic Government has today launched the National Trade Policy and National Export Strategy which will serve as a blue print for government activities in growing the trade sector. Read more: ZNBC Cabinet has approved publication and introduction in Parliament of the Sales Tax Bill 2019 and is expected to take effect on July 1st, 2019. […]

EconomyApril 2, 2019

Daily FIZ – Tuesday 04/01
Domestic An Economist Shabdin Mweemba has called for a wider consultation of the Sales tax. Mr. Mweemba says this will create higher compliance levels from stakeholders. Read more: Bank of Zambia German Agri-Business President Frank Nordman says a company that will locally produce french fries or chips for both the Zambian and regional export markets […]

EconomyApril 1, 2019

Daily FIZ – Monday 01/04
Domestic The Bank of Zambia (BoZ) and the Alliance for Financial Inclusion (AFI) will host four days of working group meetings aimed at advancing financial inclusion issues and addressing the challenges faced by marginalised groups, such as women and youth, in accessing quality formal financial services. Read more: AFI Global Finance Minister Margaret Mwanakatwe has […]

EconomyMarch 31, 2019

Week 13 Stock Market Update (25th to 29th March)
The final week of March recorded the highest turnover in share trades with the total volume of the week ranking second highest in the month. Bond Market Activity During the week, bonds of total face value of K6,762,000 were transacted in 13 trades, yielding a market value sales of K5,071,000. Weekly Trading Diary Monday 25 […]

EconomyMarch 30, 2019

Daily FIZ – Friday 29/03
Domestic 154 workers from Mopani Copper Mines have dragged Stanbic Bank Zambia Limited to the Kitwe High Court for allegedly unilaterally increasing interest rates on their personal loans from 15 to 40 percent. Read more: ZNBC Zambia’s High Commissioner to the United Kingdom, His Excellency Mr.Muyeba Chikonde and United Kingdom Department for International Trade (DIT) […]

EconomyMarch 28, 2019

Daily FIZ – Thursday 28/03
Domestic The government has earmarked the agriculture and tourism sectors to boost the economy. A few organisations are facilitating in farming projects to help mitigate adverse economic conditions. Read more: Lusaka Times The Zambia Revenue Authority has projected reduced revenue collections in the aftermath of Cyclone Idai which has killed hundreds of people and displaced […]

EconomyMarch 27, 2019

Daily FIZ – Wednesday 27/03
Domestic  The government has urged the private sector to consider setting up an emerald processing plant in Zambia. Ministry of Mines Permanent Secretary Paul Chanda says building a processing plant in Zambia would help cut down on movements and transportation costs associated with emeralds. Read more: ZNBC In 26 trades recorded today, 203,868 shares were […]