FinanceJuly 31, 2017

Lessons from Diaspora: TFHZPC breaks bread with expatriate Zambians
I was recently on a graduation pilgrimage to Manchester mid July 2017. I was keen to meet with many of my country folk in order to get an idea of the impact that Financial Insight Zambia had on them. However, little did I know that I was destined to learn much from our fellow natives […]

Agriculture, Zambia Sugar PlcJuly 30, 2017

Zambia Sugar 2017 Annual Review – Refocused and Sweetly Re-energized
Sugar production worldwide in 2014/2015, by region (in million metric tons), ranked Africa 6th globally behind the titans of Asia, South America, Europe, North and Central America and the EU. Producing 11.98 million metric tons, according to, it is clear that Africa which ranks second in global population by continent provides scale for sugar producers […]

Finance, Strategy, ZCCM-Investment Holdings PlcJuly 12, 2017

Project Ekaris: A Dare to Gate Crash a Premier Company’s AGM
When announcements of AGMs are published on SENS ANNOUNCEMENTs, TFHZPC is always keen to be a part of proceedings. It’s not just the coffee and muffins that get served (for premier companies that host at exotic hotels) but the agenda of the meetings that wets the appetite of any investor who wants to understand how […]

StrategyJuly 9, 2017

Competition Commission: Bringing Balance to Competitive Forces in Zambia
Competition in any economy is healthy.Zambia is no exception. In fact, competition in an emerging economy such as ours serves to foster innovation and price of product sensitivities. However, just like any competitive sport, rules and regulations on how players in the game compete are important. They provide for an equal playing field for all […]

Construction, LafargeJuly 9, 2017

Cement Wars to Continue
If TFHZPC sat in one of the three boardrooms of Dangote, Lafarge Holcim and Zambezi Portland, we would have been deeply reflective of the ground breaking ceremony in Masaiti area Ndola that happened recently. The announcement that the Industrial Commercial Bank of China (ICBC) would be putting up over $500 million into construction of another […]


RetailJuly 3, 2017

FMCG Kings. The Ontology of Trade Kings
Although TFHZPC loves to dig into the financials of listed companies, there is one company that has been in existence for over 20 years in the Zambian market that has impressed us with its progression. There is very little information about the company in terms of the mechanics of its management because it is not […]

StrategyJuly 1, 2017

Corporate Governance and the Plight of the Zambian SME
Just because your company is not listed on the Lusaka Securities Exchange does not mean that your company should be immune to corporate governance. This is the statement that has been heavy on the mind of TFHZPC as we pondered on how the importance of corporate governance can be communicated to premier startups in Zambia. […]

Manufacturing, ZAMEFA PlcJuly 1, 2017

ZAMEFA 2017 Half Year Review
The ZAMEFA half year results published on 30 May 2017 (available on the LuSE website) showed that the metal fabricator had a challenging start to the first half of the financial year. According to the press release, their revenue was only 1% higher for the group compared to the previous year’s half year results. This […]


TourismJuly 1, 2017

Tourism Development in Zambia Through the 7th NDP
My kind editor sent me the Seventh National Development Plan (NDP) during the week, and asked for my thoughts.  So we come back from the mountains of Tibet with a bump to look at where the government sees tourism going over the next 5 years. The 7th NDP includes tourism as a key driver for […]

BeverageJune 29, 2017

A Standing Ovation Performance: Zambrew 2017 Review
To create value from cassava on the back of one of the most challenge macroeconomic periods for business Zambia has ever seen deserves a standing ovation. It is clear from the Chairman of Zambrew, Valentine Chitalu, that he was proud of what Annabelle Degroot and her team had accomplished by financial year end 2017. Not […]