Story of the Day:
Liquid Intelligent Technologies, a pan-African technology group, today announces the culmination of its extensive business transformation from being a telecommunications and digital services provider to a full one-stop-shop technology group through a group-wide rebrand. Read more
Local Business and Finance Sponsored By Liquid Telecom
Zambia and Zimbabwe are piloting a Common Market for Eastern and Southern Africa (COMESA) project to strengthen the capacity of industrialists in the region to actively participate in the African Continental Free Trade Area, APA learnt here on Monday. Read more: APA News
The Ministry of Agriculture says the country is poised for a bumper harvest this season owing to good crop stand throughout the country and use of smart agricultural technologies by farmers. Read more: Zambia Reports
Indo-Zambia Bank has declared a K75 million dividend for the 2020 financial year. The Industrial Development Corporation (IDC) which has a 40% stake in Indo-Zambia Bank will receive K30 million of the total K75 million dividend payout. The dividend payment is K4 million higher than the K71 million paid out during the 2019 financial year. Read more: ZNBC
Zambia plans to hold an online high-level investment conference Wednesday, with the purpose of attracting South African investors in the country’s agriculture sector. Read more; News Ghana
International Business and Finance
Africa’s digital economy is on the verge of a period of sustained growth due to the paradigm shift in consumer buying that has seen e-commerce sales explode over the past year. Read more: Business Insider
Worsening tensions between the European Union and China could jeopardize an investment deal that the two sides recently negotiated. The EU on Monday imposed sanctions on four Chinese officials and one entity for human rights abuses in China’s northwestern Xinjiang region. Read more: CNBC
Ghana’s central bank on Monday announced it will maintain its benchmark policy rate at the one-year-old level of 14.5 percent despite some rising inflationary pressures. This is the sixth straight time the central bank maintained the rate after reducing it to this level in March 2020. Read more: CGTN
President Joe Biden got almost everything he wanted with his $1.9 trillion economic rescue plan. Goldman Sachs thinks Biden will face far more resistance in his quest to unwind former President Donald Trump’s tax cuts. Read more: CNN
Capital Markets Report Sponsored By ZCCM-IH
In 20 trades recorded yesterday, a volume of 1,647 shares were transacted resulting in a market turnover of K31,613. A share price gain was recorded in SHOP of K0.01. Trading activity was also recorded in Copperbelt Energy Corporation and Lafarge. The LuSE All Share Index (LASI) maintained its close at 3,974.75 points. The market closed on a capitalization of K57,631,278,180 including Shoprite Holdings and K23,392,072,200 excluding Shoprite Holdings.
Chart of the Day: