Economy, OpinionSeptember 17, 2018

Maggie ‘Schools’ Us on Project Finance
When London based Africa Confidential (AC) began publishing a series of articles that highlighted the extent and repercussions of Zambia’s contracted debt, we read with interest where all of this was going. We also took note of the lethargy that came out of the Ministry of Finance in rebutting some of the assertions that were […]

Economy, OpinionSeptember 12, 2018

The Role of IDC in the Era of Austerity
When The Industrial Development Commission (IDC) took over 29 firms out of the 33 State Owned Enterprises (SOEs), their board chairman articulated that line ministries would then focus on policy-making. This occurrence thereby gave IDC the direct mandate and authorisation on behalf of the Zambian Government to oversee performance and accountability of the reassigned SOEs. Incorporated […]

Economy, OpinionSeptember 11, 2018

ZiCA Dates The Press at Q3
On the morning of 9th September 2018, ZiCA held what was the most important quarterly “date the press” event of their history. The ZiCA council has been hold quarterly briefing for some time now, and visibility has been stronger under the presidency of Jason Kazilimani. The purpose of the event is not to act as […]

British American Tobacco, RetailSeptember 9, 2018

BAT Smokes Success at 2018 Half Year
Board Chairman Micheal Mundashi and BAT Zambia have come a short way from their announcement on 27 February 2018 were his company secretary Valentine Kabonga sadly informed shareholders that the company expected to record a loss before tax of approximately ZMW 14,973,000 for the year ended 31 December 2017. Fast forward 6 months and investors […]

Economy, OpinionSeptember 5, 2018

Denny’s Dilemma
In August 2018, at his MPC briefing, Central Bank Governor made the following statement: “Annual overall inflation rose for the second consecutive quarter to 7.4% in June from the 7.1% recorded in March 2018, but remained within the 6-8% target range.” OK! The Central Banks target range has been 6-8%. Now, Central Statistics Office recently […]

Copperbelt Energy Corporation Plc, EnergySeptember 3, 2018

New Board Members at CEC? Interesting..
It came as quite a curious surprise that following the failure of the CDC acquisition of CEC, energy maestro, Hanson Sindowe was retiring at Chairman of the Board of Directors of CEC Plc. Hanson has enjoyed an illustrious career in the energy sector. Some would even say that he is one of the most important […]

Beverage, Zambian BreweriesSeptember 3, 2018

Zambian Breweries at Half Year 2018
Pssshhhhhh was the sound a Mosi bottle made when we reviewed the half year results of Zambian Breweries PLc for 2018. It is clear from the financials that the company enjoyed a stellar performance during the first 6 months of the year. Selling 13% more beverages by volume, AB InBev must be proud of their […]

FootwearAugust 29, 2018

BATA at Half Year 2018
BATA have redefined stepping into the New Year in style. The company recently reported its half year results and they did not disappoint. With brands such as Power, Weinbrenner and legacy Bata brands recording strong performance in the first half of the year, the company’s only frown was the 2% volume decline on a year […]

Economy, OpinionAugust 27, 2018

MPC at Q3
As we awaited the announcement from the Central Bank, we could not help but wonder how MPC would move with all that was before them. With IMF discussions all but put on ice, an exchange rate that has felt exogenous pressure, a fiscal deficit that remains unabated, Moody’s downgrading the country’s credit rating to Caa1 […]

Opinion, Personal FinanceAugust 22, 2018

“Money management” the financial stress reducer
Recently, there have been echoes across many sectors in Zambia of the advent of austerity. We have heart a number of public figures speak about the importance of tightening our belts. There is evidence from the FMCG world that signs of recession are in our midst. Recently on Bloomberg, Africa’s biggest grocer announced that poorer […]