Story of the Day:
Formerly AEL, AECL Mining Explosives Plc is known for producing and supplying explosives in Zambia. Additionally, the company’s products and services in the form of manufacturing facilities and explosives are relevant to Central Africa. With a focus on surface and underground mining, where the explosives are used. Malawi, Tanzania and the Democratic Republic of Congo are some of the countries housing companies benefiting from the products of AECL. Read more
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Technology and Science Minister Felix Mutati says digital financial inclusion is important as the country seeks to take advantage of modern technologies. Mr. Mutati says it is the mandate of his Ministry to have a financially and technologically inclusive country that can run a digital economy. Read more: ZNBC
President Hakainde Hichilema used the ruling party’s fundraising dinner, Saturday, to warn suppliers and members of the business community that his government will not tolerate corruption and overpriced goods, much as it is eager to support the private sector. Read more: News Diggers
Energy Minister Peter Kapala says government is developing a new national electrification strategy which will ensure optimal utilisation of resources in the rural electrification agenda and is expected to be finalised in 2022. Read more: News Diggers
Technology and Science Minister Felix Mutati has revealed that the third quarter of 2021 mobile money transactions amongst various service providers recorded a total of K210 million. Read more: The Independent Observer
International Business and Finance
As fintech financing continue to increase in Africa, most of it is going towards funding mobile money ventures. This is according to a new report by American research group, the Brookings Institute. The report found that Africa is currently the largest adopter of mobile money transfer systems in the world. Read more: Business Insider
Africa has the reputation of a continent with fertile soils and vast natural resources. Beyond rich resources, Africa is also home to some of the top-ranked countries according to the World Bank’s ease of doing business index. Read more: Business Insider
Breaking up is the newest craze for ginormous global companies. Johnson & Johnson, Toshiba and GE announced plans to split into multiple entities this week. The trend may have only just begun. Conglomerates are big and unwieldy. Wall Street hates them, because it doesn’t know how to value them properly. CEOs and corporate boards are finally getting the message: Nimble is the new big. Read more: CNN
U.S. stock futures were steady in overnight trading on Sunday as investors prepared to start the week after the S&P 500 broke a five- week winning streak. Dow futures rose about 40 points. S&P 500 futures gained 0.14% and Nasdaq 100 futures rose 0.14%. Read more: CNBC
Capital Markets Report Sponsored By ZCCM-IH
In 120 trades recorded on Friday, 1,041,636 shares were transacted resulting in a turnover of K1,647,376.22. Trading activity was recorded in, Copperbelt Energy Corporation, Investrust, Puma, Standard Chartered Zambia, Zambia Breweries, ZCCM, Zambeef and Zanaco. The LuSE All Share Index (LASI) remained at 5,410.64 with a percentage change of 0.43.
Chart of the Day: