EconomyOctober 26, 2017

Upward Trend in Kwacha vs. Dollar
The proverbial fight between the Kwacha and Dollar continued today (26:10:17) as Bank of Zambia reported the Dollar had finally breached the K10 barrier on interbank at 12:30 pm. An analysis of the performance of the Kwacha since January this year shows the currency had its best months in the first half of the year. […]

EconomyOctober 25, 2017

Why is participation on AIM so poor in Zambia?
The Alternative Investment Market (AIM) is the secondary listing market that Lusaka Securities and Exchange (LuSE) has provided for companies that meet a particular criteria. For some time, TFHZPC has been discussing with LuSE and the Securities and Exchange Commission regarding the subscription to the AIM. Findings thus far indicate that small and medium sized […]

Economy, FIOctober 19, 2017

Prayers for China and Copper
In anticipation of the Day of National Prayer this past week one of my colleagues jokingly tabled that in addition to peace and reconciliation, as a nation we also need to have specific prayer points directed towards Chinese growth and the global copper price. In as much as it was light banter shared among colleagues, […]

EconomyOctober 19, 2017

Will we experience inclusive growth?
The rhetoric for the 2018 budget is “Accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind”. The Minister of Finance stated that one of the key macro-economic objectives of 2018 amongst other things, include a GDP growth of 5%. Subsequent, the IMF presented their IV report to the board and the fund praised […]

Economy, FI, Finance, StrategyOctober 18, 2017

Zambia’s Medium Term Debt Management Strategy Part II
This is part 2 of a 2-part analysis on the MTDS. If you’re only joining us now let me give a quick recap of the previous article. Basically, the Zambian government, through the Ministry of Finance are publishing the very first Medium-Term Debt Management Strategy. The publication is meant to provide information to all market […]

EconomyOctober 17, 2017

Big Read: A Case for investment in LuSE
Over the last couple of months, TFHZPC has been writing on a series of articles that chronicle’s journey through the experience we have had investing in 5 companies on LuSE. However, although our pursuit has been for capital gains and dividends, there is another beneficiary that we cannot ignore. The Zambian economy. The economy is […]

EconomyOctober 5, 2017

October 2017 Company Performance Unplugged
Over the last couple months, we have analyzed the annual reports of the 23 companies on LuSE. We have demystified some of the jargon that comes with the financial statements. We now believe our astute readers are now ready for the next level of analysis of Zambia Premier Companies. In our first edition, we discuss […]

EconomyOctober 1, 2017

2018 Budget Highlights for Premier Companies
Premier companies all over Zambia listened with intend when Minister of Finance delivered the 2018 budget to parliament on 29 September 2017. In his presentation, he stated that it would be in 4 parts. Overview of the global economy, performance of the local economy, details of the budget for 2018 and concluding remarks. However, TFHZPC […]

EconomySeptember 29, 2017

Financial Sector Development in Fragile and Conflict-Affected States
“We have resources, perhaps more resources than any other country in the world. We are not a poor country. We can’t be a fragile country,” said Zimbabwe’s President Robert Mugabe at the recent World Economic Forum (WEF) in Durban. This statement brings forth a long-standing debate on the existence of ‘fragile’, ‘failed’, and ‘collapsed’ states […]

EconomySeptember 25, 2017

The Economic Benefit of Investing in the Stock Market
The Zambian economy is a beneficiary of the stock exchange. The stock market plays a pivotal role in the growth of the industry and commerce of the country that eventually affects the economy of the country to a great extent. How does the market affect the economy? The role of our stock exchanged is engraved in law through […]