Daily FiZ – Wednesday 13/01

Story of the Day:

In the first week of the month of January 2021 bond trading, bonds of total face value of K117,604,000 were transacted in 5 trades, yielding a market value sales of K100,618,000 in comparison to the first week of January 2020 which didn’t necessary record trades in the first three days of the year. Read more 

Local Business and Finance Sponsored By Liquid Telecom

Zambian Ambassador to Germany Anthony Mukwita says Amatheon Agri Holding N.V, must be commended for creating 2000 new jobs and for introducing new agro products for export. Amatheon is one of the largest privately owned agro companies in Zambia that has employed 2,500 Zambians. Read more: The Independent Observer 

Government has advised beneficiaries of the village banking programme to be strategic in investing the money so that it can help them to deal with economic challenges that will come with the second wave of the Covid-19 pandemic. Read more: Lusaka Times 

Shoprite Zambia says 90% of the fresh produce in its chain of supermarkets dotted across the country is sourced locally. And Zambia National Farmers Union has commended multinational chain stores for buying a variety of crops and fruits from farmers across the country as part of the strategy to support the agriculture sector. Read more: Zambia Daily Mail 

The Alliance for a Green Revolution in Africa (AGRA) says Zambia needs to increase investment in the agricultural value chain to enhance access to mechanisation and improve production for smallholder farmers beyond the coronavirus era. Read more: Zambia Daily Mail 

International Business and Finance Sponsored By Royal Zambian Airlines

Tesla has moved closer to its launch in India later this year by registering a company in the country. Tesla Motors India and Energy Private Limited was incorporated last week with registered offices in Bengaluru. Tesla chief executive Elon Musk tweeted in October about a foray into India. Read more: BBC News 

Zoom said on Tuesday that it plans to raise $1.5 billion in a secondary share sale, valuing its stock 10 times above where it debuted in 2019. Zoom went public less than two years ago, selling shares at $36 a piece. It expects to sell about 4.4 million new shares. Read more: CNBC

Shares of Hong Kong-listed Lenovo rose over 15% on Wednesday after the Chinese PC maker said it plans to list stocks in Shanghai. Read more: CNBC

Boeing ended its worst year in more than 40 years with its best month of 2020. The company reported that it delivered 39 jets to customers in December — and deliveries are important because that’s when Boeing gets most of the money owed for a plane. Read more: CNN

Capital Markets Report Sponsored By ZCCM-IH

In 47 trades recorded yesterday, 736,873 shares were transacted yielding a market turnover of K528,935. Trading activity was recorded in Copperbelt Energy Corporation, Lafarge, PUMA, Zanaco and Zambia Sugar The LuSE All Share Index (LASI) maintained its close at 3,912.33 points, as there were no share price movements. The market closed on a capitalization of K57,358,966,682 including Shoprite Holdings and K23,119,760,702 excluding Shoprite Holdings.

Chart of the Day:

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For any feedback on the stories captured on the Daily FiZ, email Natasha on dailyfiz@fizambia.com

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