Insurance, Prima Reinsurance PlcSeptember 19, 2019

Prima Reinsurance losses continue at half year 2019
Prima Reinsurance’s woes are set to continue for another year as the company indicated that it forecast another loss after tax at half year 2019. “In accordance with section 3.4(b) of the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the Shareholders of Prima Reinsurance PLC (“the Company”) that the Loss […]

Economy, OpinionSeptember 19, 2019

Zambia Chamber of Mines says “no” to Sales Tax; Offers alternatives
  With barely a week and half to go before Zambia’s Finance Minister presents the 2020 National Budget to parliament, Zambia Chamber of Mines has gone on the offensive and issued a strong signal against adoption of the General Sales Tax (GST).   The implementation of the replacement to Value Added Tax (VAT) has been […]

Opinion, StrategySeptember 19, 2019

LEADING FROM THE LOWER RANKS
A professional in the corporate world who does not aspire to be Chief Executive Officer (CEO) or managing director is rare. One who does not aspire to be a leader in his field is rarer still. And a professional who does not crave recognition of any kind – you would search the whole world, you’d […]

Economy, FI, OpinionSeptember 19, 2019

Why put an end to VAT?
In August 2018, we had the first glimpse of how the Ministry of Finance was planning for the 2019 National Budget through the publication of the Medium Term Expenditure Framework and 2019 Budget.  In particular, the Government proposed to increase domestic Value Added Tax (“VAT”) collections by K2 billion in the 2019 projections, a 50% […]

EconomySeptember 19, 2019

Daily FiZ – Thursday 19/09
Story of the Day Petroleum company, Puma Energy Zambia Plc, announced a profit before tax of K78.27 million at half-year 2019 despite a 3.8% dip in volumes compared to its half-year performance. Read more Domestic Business and Finance The rise in cement prices on the Zambian market has resulted in a public outcry with members of […]

Economy, OpinionSeptember 18, 2019

Yes, debt payments are high and rising!
–this article was initially published on Dr. Chelwa’s blog Africa Watch (gchelwa.blogspot.com) This past Friday president Lungu delivered his annual address to the National Assembly. The address is meant to provide policy guidance for the year ahead as well as signaling the start of a new session of parliament. One of the most striking paragraphs […]

Economy, RetailSeptember 18, 2019

Daily FiZ – Wednesday 18/09
Story of the Day The property investment company, Real Estates Investment Zambia (REIZ) has announced the resignation of one of their longest service directors, Dr. Elizabeth Nkumbula, from the board, according to a statement issued by the company. Read more Domestic Business & Finance Government has disclosed that they will be increasing electricity tariffs by […]

Energy, Puma Energy (Z) PlcSeptember 17, 2019

Puma records increased revenue at half-year 2019
Petroleum company, Puma Energy Zambia Plc, announced a profit before tax of K78.27 million at half-year 2019 despite a 3.8% dip in volumes compared to its half-year performance. “The Company recorded for the half-year ended 30 June 2019 a profit before tax of K78.27 million compared to K61.48 million recorded in the previous financial year”, […]

TelecomSeptember 17, 2019

(SPONSORED) RED DOT AND HIKVISION BOOST TECH-DRIVEN SECURITY IN ZAMBIA
Hikvision, the world’s leading provider of innovative security products and solutions, in association with Red Dot Distribution, Africa’s leading ICT distributor, highlighted their commitment to providing cutting edge products and solutions in order to boost the security sector in the African continent. At a corporate event hosted at the Hotel Neelkanth Sarovar Premiere, Lusaka, Zambia [&h

Real Estate, Real Estate investments Zambia (REIZ)September 17, 2019

Stalwart Director exits REIZ
The property investment company, Real Estates Investment Zambia (REIZ) has announced the resignation of one of their longest service directors, Dr. Elizabeth Nkumbula, from the board, according to a statement issued by the company.   “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Real Estate Investments Zambia Plc wishes […]