Construction, Lafarge, ManufacturingNovember 16, 2019

Harriet Katongo announces her exit as Company Secretary of Lafarge Zambia
Lafarge Zambia Plc has announced the resignation of its long-serving Company Secretary, according to a statement by the company. “Pursuant to section 3.59 of the LuSE Listings Requirements, the Board of Directors of Lafarge Zambia PLC (“Lafarge” or “the Company”), wishes to announce the resignation of Ms Harriet Kapekele-Katongo as Company Secretary effective 30th November […]

Beverage, National BreweriesNovember 16, 2019

National Breweries: A loss is still a loss at half-year 2019
National Breweries Plc has reported a loss of K28.80 million according to abridged unaudited financial results for the 6 months’ period ended 25 September 2019, according to a statement from the company. The company which is currently undergoing reorganisation and restructuring, has seen its administration costs increase by 3% over the first six months of […]

Economy, OpinionNovember 16, 2019

Weekly Capital Markets Review (11th November to 15th November)
Despite corporate bond market sales slipping by 63% in week 3, the fixed income market dominated the capital markets by 92% compared to the equities market despite the over 2200% surge in turnover during the week.   Equity Market Update In the week ended 15th November 2019, a total of 5,074,733 shares were transacted in […]

Economy, OpinionNovember 16, 2019

Weekly Stock Market Diary (11th November to 15th November)
Monday 11th In the first day of the trading week, 5 trades were recorded on the day with 2,314 shares being transacted, resulting in a market turnover of K3,317. A share price gain of K0.01 was posted in Lafarge. Trading activity was also recorded in Copperbelt Energy Corporation. The LuSE All Share Index (LASI) closed […]

MiningNovember 15, 2019

Vedanta deeply disturbed by news from Nchanga Plant: Vedanta Resources Limited
Vedanta Resources has expressed deep concern regarding the Sulphur dioxide leak at the Nchanga Smelter that occurred on the night of the 14th of November that has affected communities in the surrounding areas resulting in an undisclosed number being hospitalized. “Vedanta is deeply disturbed and concerned by the news coming from Konkola Copper Mines (KCM) […]

EconomyNovember 15, 2019

Daily FiZ – Friday 15/11
Story of the Day: On 14th November 2019, the central bank through its communication mechanism to commercial banks raised the Overnight Lending Facility (aptly known as OLF) to 17.75% above the prevailing Central Bank policy rate from 7.75%, according to the Circular signed by Dr. Francis Chipimo, Deputy Bank of Zambia Governor in charge of […]

Economy, Energy, OpinionNovember 14, 2019

Mitigating the power deficit
–This article was originally published in Nkwazi Magazine It goes without saying that to ensure sustainable economic development, consistent electricity supply is necessary. While Zambia faces challenges in the provision of constant electricity supply, there are some signs of progress. An estimated 92 percent of the power generated in Zambia is hydroelectric, while the remainder […]

Economy, OpinionNovember 14, 2019

Central Bank makes its move to curb a runaway currency and inflation
If one ever doubted Dr. Denny Kalyalya and his team’s resolve to act, then CENTRAL BANK (CB) Circular No. 12/2019 serves as a reminder that Bank of Zambia knows when to step in when economic fundamentals bred stability concern. On 14th November 2019, the central bank through its communication mechanism to commercial banks raised the […]

EconomyNovember 14, 2019

Daily FiZ – Thursday 14/11
Story of the Day: Inward Foreign Direct Investment (FDI) and the effects it has on the host country has been the subject of debate over the years, producing a wide range of empirical results in academic literature with little convergence whereas policymakers generally accept that inward Forward Direct Investment is valuable to their economy. Read […]

Banking, Stanbic, Standchart, ZANACO plcNovember 13, 2019

The Bankers Royal Rumble – Q3 2019
As the third quarter of the year comes to an end, management teams are strongly reviewing their strategies to determine how well they are performing against their annual budgets and whether they will meet their targets by year-end. The Bank of Zambia reports that GDP growth is at 2%, with inflation at 10.7% and MPR […]