The Host Chilufya Mulundu discusses companies on the Lusaka Securities Exchange with Mwelwa Chibesakunda of Financial Insights Zambia. In this episode, Mwelwa discusses the Zambia Sugar AGM, financial analysis of the ZamSugar results and some insight into the FQM 2017 Annual Report.
In a half year that saw the coming of the fourth mobile provider and the collapse of a data only provider, Airtel Zambia Plc posted unaudited results that showed their performance was under competitive forces constraint during the period under review. On September 24th 2018 through SENS Announcement, its board issued a statement that its […]
Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) are referred to the announcement dated Friday, 3rd August 2018, wherein the shareholders as well as other market participants were informed that Ndola Lime Company Limited (“NLC”), an investee company of ZCCM-IH, continues to be in financial distress. ZCCM-IH has over the past 10 years […]
PRESS RELEASE On 7th November 2018, ZCCM Investments Holdings Plc (ZCCM-IH) acquired an additional 50% shareholding in Kariba Minerals Limited (KML) which is Zambia’s largest Amethyst mine. This acquisition means that ZCCM-IH now owns 100% shares in KML. The shares were acquired from Gemfields Limited at a total consideration of US$2,500,000. The completion of the […]
2017 will be remember by Philip K.R. Pascall (Chairman & CEO) as the year FQM advanced its primary objectives. Philip and his team set out to achieve a record copper production, stronger operating performance, a better-structured balance sheet, and a massive copper project within months of commissioning. According to FQM’s 2017 Annual Report, the company […]
The procurement and supply function is critical to the value creation process of any businesses. The recently held Summit on Procurement and Enterprise Development sought to achieve harmony in understanding what role each stakeholder plays in the procurement process. What was unique about this first ever event is the bringing together experts from 5 countries […]
The Host Chilufya Mulundu discusses companies on the Lusaka Stock Exchange with Mwelwa Chibesakunda of Financial Insights Zambia. In this episode, Mwelwa discussions the prequel to the Zambia Sugar AGM.
In her opening remarks at a recent event held by her company, Chief Financial officer Faith Misozi Mukutu was candid enough to advise shareholders that comparing the 2018 results with the 2017 results would be difficult because of the change in financial year that had been implemented by the sugar company. Her firm felt it […]
Mateyo Kaluba, the IDC Supremo under the mandate of the board Chairman, is working hard to bring balance to his portfolio of companies. Overseeing 30+ State Owned Enterprises that operate in almost every major economic sector in Zambia is not a small feat. That is why Mateyo and his team came up with the annual […]
When an annual report is presented to us, our primary focus is the audited financials. Whether they are financial statements audited by KPMG or HLB, they provide us with an ability to compare the performance of a company across years. In the case of ZamSugar’s 2018 AR, we knew we had a small matter of […]