Lafarge, ManufacturingSeptember 12, 2019

Lafarge forecasts 392% lower earnings per share at half year
Cement manufacturer Lafarge Zambia Plc announced its anticipation of a lower EPS when it publishes its six-month financial performance at the end of September 2019, according to a statement from the company.   “In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements, the Board of Directors of Lafarge Zambia PLC hereby advises […]

Construction, LafargeJune 14, 2019

Lafarge Zambia CFO “Walks” as CEO Takes over as “Bean Counter!”
Lafarge Zambia’s Chief Financial officer has resigned his position after 14 months in the role with company.   “Pursuant to Section 3.59 of the LuSE Listing Requirements, the Board of Directors of Lafarge Zambia PLC (“Lafarge” or “the Company”), wishes to announce the resignation of Mr Raphael Chipoma as Chief Financial Officer effective 11th June […]

Construction, LafargeApril 5, 2019

Jimmy has arrived! Lafarge in 2018 in Perspective
On March Wednesday 4th, Jimmy Khan, the brand new CEO of Lafarge Zambia was unveiled at his first Zambian Annual General Meeting by the cement maker. Flanked by Board Chairman, Muna Hantuba, this market the first sighting by shareholders of their new leader. Although credit has to go to former CEO Vincent Bouckkaert, who left […]

Lafarge, ManufacturingMarch 25, 2019

Block By Block Analysis – 2018 Performance Lafarge Zambia Plc
Company overview Lafarge is a multinational French industrial company specializing in three major products: cement, construction aggregates, and concrete. In July 2015 Lafarge merged with Holcim, a Swiss cement company and a new company was officially launched around the globe name of LafargeHolcim, creating a new leader in the building materials sector. According to the […]

Construction, LafargeFebruary 15, 2019

Its Khan for the Lafarge Holcim Zambia Top Job
After two months of searching for a new CEO, the Board at Lafarge Holcim Zambia Plc announced the appointment of Jimmy J. Khan as Managing Director and Chief Executive Officer effective 12 February 2019. Jimmy takes over from Vincent Bouckaert who held the role barely two years following his appointment in 2016. He is also […]

Lafarge, ManufacturingDecember 11, 2018

Lafarge parts company with Vincent
Vincent Bouckaert, CEO Lafarge Zambia Plc, has left the building. SENS announcement coming from Lafarge by order of the Muna Hantuba led board announced that Vincent would be departing (resigning) from the company effective 5th December 2018. Vincent was ushered in as the new CEO barely 2 years ago following the departure of Emmanuel Rigaux […]

Construction, Lafarge, ManufacturingOctober 27, 2018

Lafarge Zambia Plc at Half Year 2018
On 29th August 2018, Lafarge Zambia Plc. Published its half year performance with an impressive 18% increase in sales revenue compared to the previous years’ half year results. Their SENS announcement attributed the record K498 million revenue to strong market growth in 2018. Their statement identifies the operating environment for Lafarge Zambia as being fairly […]

Construction, Lafarge, ManufacturingApril 23, 2018

Lafarge 2018 Performance with Impairment hurt
“I am pleased to present the 2017 Lafarge Zambia results on behalf of the Board of Directors. Lafarge Zambia continues to demonstrate resilience in operational and financial performance despite the economic difficulties and competitive environment.” These were the opening words in Board Chairman Muna Hantuba’s letter to the board in the 2017 annual report. The […]

Construction, LafargeJuly 9, 2017

Cement Wars to Continue
If TFHZPC sat in one of the three boardrooms of Dangote, Lafarge Holcim and Zambezi Portland, we would have been deeply reflective of the ground breaking ceremony in Masaiti area Ndola that happened recently. The announcement that the Industrial Commercial Bank of China (ICBC) would be putting up over $500 million into construction of another […]

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Banking, Finance, Lafarge, Taj Pamodzi Hotels PlcMay 12, 2017

The Role of the Auditor in the Corporate Governance of Zambian Premier Companies
This year’s Zambia Institute of Chartered Accountants (ZICA) elections were the most exciting albeit much anticipated in the financial sector. The elections ushered in a seasoned bean counter in Jason Kazilimani as its new president, and we believe that he and his KPMG team will be an exemplar in the game “auditing and compliance” in […]