FIApril 16, 2021

Whats dropping on Netflix Zambia this month?
Thanks to the Netflix Africa team over in SA we have been given privy access to the upcoming titles for the Zambian version of Netflix. There is surely something for everyones taste this month with shows ranging from anime to ultra reality. We’ll give everyone a brief summary of each title and we will begin […]

RetailApril 16, 2021

City of Lusaka announces K2 million ($100,000) sponsorship deal with Southern Cross Motors
The City of Lusaka Football Club yesterday announced a partnership with Southern Cross Motors worth an estimated $100,000 (K2 million). The sponsorship saw Southern Cross becoming one of the main sponsors of the rejuvenate. The deal will see Southern Cross Motors brands be displayed in Woodlands Stadium and will appear on the Club’s new replica […]

Finance, ZCCM-Investment Holdings PlcApril 15, 2021

Continued Stakeholder Engagement Key to the Success of Mopani Copper Mines Plc
15th April 2021, Lusaka, Zambia – ZCCM Investments Holdings Plc (ZCCM-IH) has continued to engage various stakeholders past the close of the Transaction on 31st March 2021 to acquire the 90% shares in Mopani Copper Mines Plc (Mopani) previously held by Carlisa on behalf of Glencore and First Quantum Minerals. One of the key stakeholders […]

FIApril 15, 2021

Zeepay Ghana acquires 51% of Zambian Remittance Start-up Mangwee
In what has been touted as an indigenous African love story between two fintechs, Zeepay Ghana, the leading African Challenger Fintech, has acquired a majority stake in one of Zambia’s fastest growing fintechs, Mangwee Mobile Money. (The following story is written in full by the team at Zeepay Ghana)   Zeepay Ghana, which already has operations […]

InsuranceApril 14, 2021

Zambia Reinsurance forecasts 25% improvement in earnings
The only private listed insurance company on the Lusaka Securities and Exchange has informed shareholders that it expects a 25% improvement in earnings when it reports its financial year end results, according to a statement from Zambia Reinsurance PLC. “In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Zambia […]

FIApril 14, 2021

Zambia’s Credit Rating Increases to CCC
Who are Fitch Ratings ? Fitch Ratings is a Credit Rating Agency which rates the viability of investments relative to the likelihood the entity will default on its obligations. Fitch has a world renowned reputation and is  considered one of the ‘Big Three Credit Rating Agencies’ alongside Moody’s and Standard & Poor’s (S&P). The company […]

Finance, ZCCM-Investment Holdings PlcApril 11, 2021

ZCCM IH signals intention to continue with KCM appeal process
ZCCM IH has advised shareholders that it intends to appeal against the decision of the Court of Appeal and to stay the judgment in the matter relating to KCM, according to a statement from the Company. According to the statement, “Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH”) are referred to the announcement dated 23 May […]

Energy, Puma Energy (Z) PlcApril 11, 2021

PUMA Energy Zambia records 52% increase in Profit After Tax for the 2020 FY
The only LUSE listed oil marketing company has recorded an approximately 52% increase in profit after tax to K160.18 million, according to PUMA Energy’s latest SENS announcement. “For the year ended 31 December 2020 the Company recorded a profit after tax of K160.18 million compared to K105.55 million recorded in the previous financial year”, read […]

Copperbelt Energy Corporation Plc, EnergyApril 10, 2021

COPPERBELT ENERGY CORPORATION PLC (CEC) 2020 PERFORMANCE REVIEW
During the year under review, the balance between supply and demand for electricity for CEC remained a challenge as the demand continued to outstrip the supply. This resulted largely from the lower than normal water levels at the country’s major hydro power stations. However, the shortfall of electricity peaked at 40% of the national demand […]

FIApril 8, 2021

Mwenzi Mulenga appointed the first female CEO of Bayport
Bayport Financial Services has announced the appointment of Mwenzi Mibenge Mulenga as the new Chief Executive Officer. Ms Mulenga becomes the first female CEO in the history of the multi-billion kwacha Micro Finance, and joins a strong group of female CEOs in the Zambian Finance Industry. She replaces Justin Chola, the founder of Bayport Zambia, […]