EconomyApril 30, 2018

Global and Local Economy in Q1 2018
The first quarter of the year saw some rather interesting developments. An unthinkable trade war ensued following months of tense economic relations between China and America. The fallout from this will be felt months after as the spillover effect of sanctions in the technology patent space begin to take effect following the 7 year ban. […]

ZANACO plcApril 26, 2018

#Kula is Here
Digital and online banking is the present. A good number of Zambian banks have invested resources and capabilities to deliver e-services to their clients. Many have delivered services that are easily accessible with the hope of improving the banking experience. However, when we attended the unveiling of #Kula at the prestigious Radisson Hotel on the […]

Construction, Lafarge, ManufacturingApril 23, 2018

Lafarge 2018 Performance with Impairment hurt
“I am pleased to present the 2017 Lafarge Zambia results on behalf of the Board of Directors. Lafarge Zambia continues to demonstrate resilience in operational and financial performance despite the economic difficulties and competitive environment.” These were the opening words in Board Chairman Muna Hantuba’s letter to the board in the 2017 annual report. The […]

Copperbelt Energy Corporation Plc, EnergyApril 23, 2018

CEC Conditions Precedents to the CDC Deal
On 30 January 2018, CDC and A P Moller Capital announced that they had made a bid to acquire Copperbelt Energy Corporation. According to the CEC website, the company is majority owned by Zambian Energy Corporation (“Ireland”) Limited (“ZECI”) which holds 52% shareholding whilst the balance of 48% is held by various institutional and retail […]

Investrust Bank Plc, ZCCM-Investment Holdings PlcApril 12, 2018

ZCCM IH Mandatory Offer – Case of the ‘lonely’ underwriter
It all started with a right offer. Investrust bank needed to raise money. Debt or Equity are usually the choices that premier companies have when it comes to raising finance for whatever reason. The bank chose the latter which involved issue of rights to its existing shareholders that would enable them to buy additional shares […]

AEL Mining Services (Z) Plc, MiningApril 9, 2018

AEL Mining 2017 Review
Jordan Soko’s AEL Mining has been riding the great tide of the commodities resurgence. The Board Chairman of the explosives company was delighted with the company’s 2017 performance. Rightly so especially that this is the same year that Jordan welcomed new Managing Director Hendrik Rensburg to lead his management team. Hendrik arrived to position with […]

EconomyApril 4, 2018

Village Banking Exists in Zambia
It started in Bolivia. The year was 1984 when John Hatch saw poor Bolivian farmers struggle for capital. With traditional loans being far from accessible due to lack of collateral and cost deterrents, he saw an opportunity that defined microfinance as we know it today. We at Financial Insight believe that a dual economy exists. […]

Airtel Networks Plc, TelecomApril 3, 2018

Finance Leases and Astute Management the Difference for Airtel in 2017
Monica Musonda has every right to be a proud board chairperson of Airtel. Her opening statement in the 2017 annual report was indicative of a Telcom leader who not only believed in the technology they delivered at the epilogue of 2017 (the 4G LTE Network that led to the price war) but also has deep […]

Telecom, ZamtelMarch 25, 2018

UZI is here! Is Zamtel’s Doomsday Approaching?
In 2009 when a novice announcement of a 75% private partner sell of Zamtel was made by then Rupiah Banda government, the general populous grew squeamish. The same sentiments have been expressed upon the announcement of a 4th mobile phone company. Recently, Angola’s Unitel (Uzi) were officially announced as the e fourth mobile player in […]

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 […]