Finance, ZCCM-Investment Holdings PlcDecember 20, 2019

Barnaby Mulenga to be unveiled at the next ZCCM IH AGM
The appointment of Barnaby Mulenga will be announced and his position on the Board of ZCCM IH Group ratified by shareholders when the group of companies hosts its next annual general meeting in mid-January 2020, according to a statement from the Group. Barnaby, who is a Master’s degree holder in Environmental Law from the University […]

Finance, ZCCM-Investment Holdings PlcDecember 20, 2019

ZCCM IH proposes 33 ngwee dividend for 2019
When the ZCCM IH board meets with shareholders next month, they will be presenting a K0.33 per share dividend to shareholders which will bring the 2019 declared dividend for class A and B shareholders to approximately K53 million. Board Chairperson, Eric Silwamba and his CEO Mabvuto Chipata face shareholders in the new year (January 16, […]

Finance, ZCCM-Investment Holdings PlcDecember 20, 2019

[Sponsored] ZCCM IH 2019 Financial Performance
FINANCIAL PERFORMANCE The Group reported a profit for the year of ZMW448 million (2018: ZMW843 million), mainly due to the following: • increase in net finance income from a net finance cost of ZMW132.49 million recorded in 2018 to a net finance income of ZMW39.96 million in recorded in 2019; and • increase in share […]

Finance, ZCCM-Investment Holdings PlcDecember 20, 2019

[Sponsored] ZCCM IH 16th Annual General Meeting
NOTICE IS HEREBY given that the Sixteenth Annual General Meeting of members of ZCCM Investments Holdings Plc will be held on Tuesday, 14 January 2020 at 10:00 hours at Southern Sun Ridgeway Hotel, corner of Church Road and Independence Avenue, Lusaka, Zambia to transact the following business: 1. To consider and adopt the Minutes of […]

Finance, ZCCM-Investment Holdings PlcDecember 14, 2019

What to look out for in the ZCCM IH 2019 Annual report when its published
When ZCCM IH announced that it forecast that the Earnings Per Share (“EPS”) for the Group and Company financial year ended 31 March 2019 were expected to be approximately 47% and 125% respectively, lower than the financial year ended 31 March 2018, Financial Insight predicted that Investors in the company would be keen to know […]

Finance, ZCCM-Investment Holdings PlcDecember 14, 2019

Investee Companies poised to hurt ZCCM IH 2019 Financial Performance
Investment group ZCCM IH has announced that it expects its earnings per share to be lower for the financial year ended March 2019 due to reduction in performance at KCM and impairment of receivables.   “In accordance with Section 3.4(b) Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM-Investments Holdings Plc  (the […]

Economy, Finance, OpinionDecember 3, 2019

ZEP-RE (PTA Reinsurance Company) has been here for a while…
The reinsurance business in Zambia is a bespoke investment opportunity that less than 10 Zambian firms have taken on in the pursuit of creating value. The reason for this minimal participation is due to several factors, however, hope has been here for a while through ZEP-RE whose COMESA mandate is to foster the development of […]

Finance, ZCCM-Investment Holdings PlcOctober 17, 2019

Chipata waits no more: ZCCM IH CEO “unveiled”
ZCCM IH’s wait for a confirmed CEO came to an end on 11 October 2019 as Acting CEO Mabvuto T Chipata got the nod from the board to be the don of the investment company.     “In compliance with the Securities Act No. 41 of 2016 and the Listings Rules of the Lusaka Securities […]

Finance, Madison Financial Services PlcOctober 6, 2019

Madison Financial Services signals 500% lower earnings per share at Half Year 2019
Lusaka Securities and Exchange-listed Madison Financial Services (MFS) has advised shareholders that the company’s headline earnings per share at half-year 2019 will be approximately 500% lower compared to the previous year.   “In accordance with the Lusaka Securities Exchange Listings Requirements, the Board of Directors of Madison Financial Services PLC hereby advises the Shareholders o

Banking, FinanceSeptember 5, 2019

Banks Entry in the Insurance Territory Part 1
In the year 2018 the Zambian banking sector witnessed both favourable and unfavourable business environment conditions. Top among notable favourable business environment conditions was the stable and consistent lending interest rates backed by the Bank of Zambia’ monetary policies. However it was during the year 2018 that the Bank of Zambia in its role as […]