TelecomMarch 22, 2018

The biggest Loser in the Zambian Mobile Wars
When the announcement came in from ZICTA that the fourth mobile license was awarded to Unitel International Holdings BV, we pictured two contrasting moments. On one hand, we pictured Isabel Dos Santos (the daughter of Angola’s former president) having something to smile about following her part owned (25% stake) telcom company winning the license, while […]

StrategyMarch 21, 2018

The Deadly Obsession with the PAT
It’s the year 2008, several major banks have fallen and Richard Fuld looks on as his mighty reign comes to a crushing end. The mighty Lehman brothers, the sixth largest investment bank has fallen. Ben Bernanke, an astute ivy league trained Economist together with Timothy Geithner, New York Fed president and secretary to the Treasury […]

Copperbelt Energy Corporation Plc, EnergyMarch 21, 2018

CEC 2017 Review
Chairman of CEC Mr. Hanson Sindowe has every right to be a proud man. His company is in the spotlight following an approach from CDC for a substantial stake in the company. However, that’s not the only reason. The Company recently recorded a profit after tax of ZMW534 million compared to a loss of ZMW1,161 […]

EconomyMarch 12, 2018

Who Paid Dividends in 2017?
Financial Insight is an avid follower of listed companies on LuSE and other stock exchanges. We believe they continue to hold the secret ingredient of unlocking value in sub Saharan Africa. Every investor on any stock exchange looks forward to the end of year audited financials in order to take a peek at how well […]

Real Estate, Real Estate investments Zambia (REIZ)March 12, 2018

REIZ to outperform expectations
CEO Sydney Popota is getting ready for an AGM to remember. According to SENS Announcement issued on 06 March 2018, for the year ended 31 December 2017, the basic earnings per share for REIZ are expected to be 219% higher than the basic earnings per share for the year ended 31 December 2016. In short, […]

EconomyMarch 9, 2018

Continued Upward Surge in Fuel in 2018
When the Energy Regulation Board (ERB) adjusted fuel prices upwards, it certainly reduced the purchasing power of most household’s disposable income. In it press release the ERB attributed two fundamental factors that led to the adjustment; the depreciation of the local currency and the volatility of international price crude oil. Unfortunately, this will not be […]

British American Tobacco, RetailMarch 2, 2018

BAT Zambia Smokes itself to LBT in 2017
When the SENS Announcement of 27th February 2018 came out from British America Tobacco Zambia that they were expecting a loss before tax (LBT from the income statement) we were in awe of the magnitude K14.9 million that would be reflected when the financials would be officially published. As a recap, in their 2016 annual […]

Personal FinanceMarch 1, 2018

The fate of unclaimed dividends
Ever wondered what happens to unclaimed dividends? When we started project Ekaris last year, Financial Insights investment in the Lusaka Securities Exchange (in 5 select companies) has yielded 3 dividend payments. However, due to some administrative quagmire, two of our payments went into oblivion due to the state of unconsciousness of a post master general. […]

EconomyFebruary 27, 2018

The Anatomy of Domestic Resource Mobilization
When former Finance Minister Felix Mutati took over the ministry, we had heard him echo the words Domestic Resource Mobilization over and over during his tenure. However, many did not know what the full implications of Domestic Resource Mobilization were. Furthermore, what amazed the team at Financial Insight is that there were bread crumbs that […]

EconomyFebruary 20, 2018

MPC Dates the Public on Wed 21
Dr. Denny Kalyalya and his legion of economists have been hard at work over the last 48 hours poring through economic data and coming up with numbers that will be announced tomorrow Wednesday 21st at the MPC briefing. Some key announcements in recent weeks were the plan to restructure government debt. According to Reuters, “Zambia […]