EconomyApril 13, 2021

Daily FiZ – Tuesday 13/04
Story of the Day: 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. Read more  Local Business and […]

EconomyApril 12, 2021

Daily FiZ – Monday 12/04
Story of the Day: Zambia’s mining sector has faced significant challenges over the last decade due in part to fluctuating commodity prices, unstable taxes and most recently, the outbreak of COVID-19. Despite the many obstacles in the sector however, the country’s biggest mine and taxpayer – First Quantum Minerals (FQM) – has managed to not only […]

Economy, OpinionApril 10, 2021

Weekly Bond Market Diary (5th to 9th April 2021)
Two weeks into the month of April 2021 bond trading, only one day recorded trades throughout the week. Bonds of total face value of K608,016,000 were transacted in 12 trades, yielding a market value sales of K302,061,000. The bond market for the past three weeks has been quite mundane as there has been little trading […]

Economy, OpinionApril 10, 2021

Weekly Capital Market Review (5th to 9th April 2021)  
Two weeks into April 2021 bond trading, the equities market is once again completely dominated by the bond market even though the bond market only recorded trades in one day throughout the week. Companies securities continue to record negative earnings .In comparison to week two of April 2020 which recorded a 2% on the equities […]

Economy, OpinionApril 10, 2021

Weekly Stock Market Review (5th to 9th April 2021)
In the second week of April 2021 trading on the LuSE three companies’ securities recorded trades, there was minimal trading activity throughout the week. Fridays’ equities trading was the best performance of the week in comparison with the second week of April 2020 with Seven securities’ traded with ZAMBREW as the highest priced security. Trading […]

EconomyApril 9, 2021

Daily FiZ – Friday 09/04
Story of the Day: In the last year, Enygma Ventures funded 10 businesses across the SADC region and deployed almost $4m. As an industry agnostic player, their investments ranged across various industries including fintech, edtech, recruitment, food, e-commerce and many more, making them one of the most active investors on the continent. Read more  Local […]

EconomyApril 8, 2021

Daily FiZ- Thursday 08/04
Story of the Day: At the EGM of ZCCM-IH held virtually on Tuesday, 30 March 2021 and hosted in Lusaka, Zambia, shareholders of ZCCM-IH (“Shareholders”) considered the resolution proposed at the EGM as set out below: Read more  Local Business and Finance Sponsored By Liquid Telecom Zambia’s private sector pulse rallied to a 2-year high after […]

EconomyApril 7, 2021

Daily FiZ – Wednesday 07/04
Story of the Day: After posting positive real GDP growth for over 2-decades, Africa’s 2nd largest Copper producer succumbed to a recession sizing 3.0% in line with global growth outturns. This was largely due to the Covid-19 pandemic which exacerbated pre-existing fiscal vulnerabilities (elevated debt service and tight fiscal space) and tight liquidity conditions. Read […]

Economy, OpinionApril 6, 2021

The Anatomy of Zambia’s 2020 Recession: Expectations, Sectoral Effects and Pain Moderation
Article by Gerald Soko, Chewe Mwila, Patrick Chileshe republished with permission …The Outturn After posting positive real GDP growth for over 2-decades, Africa’s 2nd largest Copper producer succumbed to a recession sizing 3.0% in line with global growth outturns. This was largely due to the Covid-19 pandemic which exacerbated pre-existing fiscal vulnerabilities (elevated debt service [&hellip

EconomyApril 6, 2021

Daily FiZ – Tuesday 06/04
Story of the Day: In the battle of opposites, trading activity on the bond market was quite mundane as there were no trades recorded throughout the week. The equities market is glory was restored as it completely dominated the bond market which is a very rare occurrence. As it recorded a score of 100% to […]