Economy, OpinionApril 3, 2021

Weekly Bond Market Diary (29th March to 2nd April 2020)
In the fifth week of March and First week of April 2021 bond trading, only one day recorded trades throughout the week. Bonds of total face value of K9,250,000 were transacted in 3 trades, yielding a market value sales of K5,668,400. The bond market for the past two weeks has been quite mundane as  there […]

Economy, OpinionApril 3, 2021

Weekly Capital Market Review (29th March to 2nd April 2021)  
This week was a combination week of April and March. There was very minimal trading during the week only one day recorded trades of which fell into the month of April Leaving the final week of March with no trades. This means for the fifth week of March the equities market eclipsed the bond market […]

Economy, OpinionApril 3, 2021

Weekly Stock Market Review (29th March to 2nd April 2021)
In the final week of March and beginning of April 2021 trading on the LuSE, five companies’ securities recorded trades with ZCCM as the highest priced security. Wednesdays’ equities trading was the best performance of the week. Trading activity was recorded CEC ZAMBIA, STANDARD CHARTERED ZAMBIA, ZANANCO, ZAMBIA CONSOLIDATED COPPER MINES and PUMA. ZAMBIA CVONSOLIODATED […]

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 […]

Economy, OpinionApril 2, 2021

FQM SPENDS US$1.65 BILLION IN ZAMBIA IN 2020
More than 2,500 locally registered companies benefit from mine procurement   SOLWEZI, ZAMBIA – Zambia’s largest mining company, First Quantum Minerals (FQM), is forging ahead in its quest to engage more local people in its supply chain to strengthen Zambian-owned businesses and boost the local economy. The company procured US$1.65 billion (K36.3 billion) of goods and […]

EconomyApril 1, 2021

Daily FiZ – Thursday 01/04
Story of the Day: Emirates is showcasing the UAE’s remarkable progress in its vaccination programme with a special flight that will carry only fully vaccinated crew and passengers onboard. Read more  Local Business and Finance Sponsored By Liquid Telecom The prices of cement will go down following a directive by the Competition and Consumer Protection […]

EconomyMarch 31, 2021

Daily FiZ – Wednesday 31/03
Story of the Day: Amidst the turbulences of covid-19, British American Tobacco Zambia (BATZ) plc manages to sail through exceptionally with regard to operating profit but fails terribly to earn ‘tangible’ profit before taxes as the company falls into losses. During a period when most business have struggled and most succumbing to the business environment […]

EconomyMarch 30, 2021

Daily FiZ – Tuesday 30/03
Story of the Day: The COVID-19 pandemic has not spared British American tobacco Zambia (BATZ) as it put to test the Company’s agility and its capacity to react, adapt and administer crisis management mechanisms to ensure sustainability in a volatile business environment. Read more Local Business and Finance Sponsored By Liquid Telecom Malawi High Commissioner […]

EconomyMarch 29, 2021

Daily FiZ – Monday 29/03
Story of the Day: Between 1996 and 1997, the Government of the Republic of Zambia introduced a home empowerment scheme for employees of the Government and public entities which permitted groups of employees to purchase houses. Under this policy, the eligible employees were those who were sitting tenants during the course of employment and had […]

Economy, OpinionMarch 27, 2021

Weekly Bond Market Diary (22d to 26th March 2020)
Four weeks in March 2021 bond trading, there were absolutely no trades recorded throughout the week. Some of the reasons that lead to meagre trading activity on the bond market are that bond prices decline when the interest rate rise, or when a market liquidity dries up as well as inflation can also erode the […]