Construction, Lafarge, ManufacturingApril 5, 2021

Lafarge Zambia Plc contravenes Competition Commission Act
Zambia’s only stock exchange listed cement manufacturing company has informed shareholders that the company has been informed by the Competition and Consumer Protection Commission that it violated one of its Acts, according to a statement from Lafarge Zambia Plc. “The Lafarge Zambia Plc. Board wishes to inform its shareholders and the market that on 30th […]

Economy, Lafarge, Manufacturing, OpinionApril 2, 2021

MARKET ANNOUNCEMENT CCPC FINES CEMENT COMPANIES FOR ANTI-COMPETITIVE TRADE PRACTICES AND ORDER ADJUSTMENTS OF PRICES
The Lafarge Zambia Plc. (“Lafarge” or “The Company”) Board wishes to inform its shareholders and the market that on 30th of March 2021 the Competition and Consumer Protection Commission (“CCPC” or “Commission”) informed the Company that it had concluded that Lafarge contravened the Competition and Consumer Protection Act. On 31st March 2021 the CCPC issued […]

Manufacturing, StrategyJanuary 21, 2021

IDC COMMENDS MARCOPOLO TILES COMPANY LTD FOR COMPLETING $15MILLION EXPANSION PROJECT.
Lusaka, 21st January 2021 – The Industrial Development Corporation (IDC) has commended Marcopolo Tiles Company Limited (MTCL) on the completion of Phase IV of the Company’s’ expansion project, at a cost of $15million, which will make it the first Zambian manufacturer of sanitary ware. “We at the IDC are proud to be associated with the […]

Manufacturing, ZAMEFA PlcDecember 14, 2020

A Four-Year Comprehensive Analysis of ZAMEFA Financial Reports
Metal Fabricators of Zambia (ZAMEFA), a public limited liability company incorporated in the Republic of Zambia under the companies Act, first started its operations in 1968, just over 4 years after the independence of Zambia; it was later privatized in 1996 and in 2004 it was listed on the Lusaka Securities Exchange. The majority shareholders […]

Manufacturing, ZAMEFA PlcNovember 17, 2020

ZAMEFA expects 217% to 237% higher loss per share at year-end
Metal fabrication company, ZAMEFA, is in the process of concluding its 2020 financial year end results and has signaled to the market that its loss per share will be between 217% to 237% higher than the previous financial year’s results, according to a statement from the company. “In accordance with the Lusaka Securities Exchange (“LuSE”) […]

Lafarge, ManufacturingSeptember 12, 2020

Lafarge Zambia Plc revenue surges in first half of 2020
Lafarge Zambia Plc has reported a surge of 27% in revenue at half year in their current financial year compared to the same period in the previous year, according to a statement from the cement maker. The company attributed the surge due to increased local demand and exports. “Sales revenue at K637 million for the […]

Manufacturing, ZAMEFA PlcJune 17, 2020

ZAMEFA earnings per share erodes at half year 2020
Metal fabrication company, ZAMEFA, expects to record significantly lower earnings per share when it reports its half-year results, according to a statement from the company. “In accordance with the Lusaka Securities Exchange (“LuSE”) Listing Requirements, the Board of Directors of Metal Fabricators of Zambia Plc (“the Board”) hereby advises the Shareholders of the Company that […]

ManufacturingApril 25, 2020

ZAFFICO to host first AGM on ZOOM in light of Covid-19
Shareholders of newly Lusaka Securities and Exchange-listed tree processing company ZAFFICO will have to wait another year before they are able to meet face to face with their management team in light of the maiden annual general meeting being held via ZOOM amidst COVID19 restrictions, according to a statement from the company. On 18th March […]

Lafarge, ManufacturingMarch 28, 2020

Lafarge Zambia records K12.30 million loss after tax for the FY 2019
Cement manufacturing company, Lafarge Zambia Plc has recorded a loss after tax of K12.339 million for the financial year 2019 due to a 3% reduction in sales revenue, according to financial statements published by the company. “Sales Revenue for the period was recorded at K1, 110 million for the year down by 3% compared to […]

Manufacturing, ZAMEFA PlcFebruary 1, 2020

ZAMEFA Shareholders to vote on changes to its ‘Authorized Shares’
Metal Fabricators Zambia PLC, also known as ZAMEFA, will this February 20th, 2020, hold their Annual General Meeting at which the Board of Directors will be seeking a vote on the increase in the company’s authorized shares, according to a statement from the company. The special resolution will seek approval from shareholders to “to the […]