EconomyOctober 5, 2022

Daily FiZ – Wednesday 05/10
Story of the Day If there is an industry that has leapfrogged the various stages that traditional entities have often passed through to win the hearts and minds of consumers, it has to be fintech. According to an article published by Telus International, “the financial technology market is on the rise” and citing a Market […]

AEL Mining Services (Z) Plc, MiningOctober 5, 2022

AECI – TRADING STATEMENT
In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board of Directors of AECI Mining Explosives PLC (“the Company” or “AECI Mining”) (the “Board”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the six-month period ended 30th June 2022 is expected to […]

ZCCM-Investment Holdings PlcOctober 5, 2022

ZCCM-IH – FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH”) are referred to the announcement dated 23 May 2019 concerning ZCCM-IH filing a petition in the High Court of Zambia for the winding up of Konkola Copper Mines PLC (“KCM”) on 21 May 2019 (the “Petition”) and the appointment by the Court of Mr. Milingo Lungu as provisional […]

EconomyOctober 5, 2022

Weekly round up of listed and quoted companies on LuSE in week 38
There were 2 Stock Exchange News Services (SENS) announcements in week 38 on the LuSE: 1 from ZCCM Investments Holdings PLC (ZCCM-IH) and 1 from Real Estate Investments Zambia PLC (REIZ). ZCCM-IH : CHANGE IN DIRECTORATE According to section 3.59 of the LuSE Listing Requirements, the Board of Directors of ZCCM Investments Holdings Plc (the […]

StrategyOctober 5, 2022

MFEZ SET TO TRANSFORM BUSINESS DEVELOPMENT IN KALUMBILA
Government’s milestone approval of the Kalumbila Multi-Facility Economic Zone (MFEZ) will enhance trade and job creation in North-Western Province and promote the area as an attractive foreign investment destination, says First Quantum Minerals. Final approval of the facility by the Ministry of Commerce, Trade and Industry gives local suppliers a designated industrial base from which […]

Zambian BreweriesOctober 5, 2022

ZAMBIAN BREWERIES PROMOTES FINANCIAL INCLUSION FOR SMALLSCALE FARMERS
As the country’s largest brewer extends blockchain technology to sorghum smallholder farmers. The smallholder farmers linked to the Zambian Breweries PLC value chain are delighted with the introduction of blockchain technology for selling and receiving payment for their sorghum and cassava crop. The Ministers of Science and Technology and Small and Medium Enterprise Development were […]

Real Estate investments Zambia (REIZ)October 5, 2022

REIZ – NOTICE OF EXTRAORDINARY GENERAL MEETING
Notice is hereby given that an Extraordinary General Meeting of Real Estate Investments Zambia PLC (“REIZ”or the “Company”) will take place at Protea Hotel-Arcades, Lusaka, on Tuesday, 25 October 2022 at 10.00 Hours. The Company is planning to offer new ordinary shares via a Renounceable Rights Offering in favour of the Shareholders of the Company […]

EconomyOctober 4, 2022

Daily FiZ – Tuesday 04/10
Story of the Day Four Zambian women have taken their seats behind the wheel of heavy equipment trucks at the Kagem emerald mine in Lufwanyama – the first women to take on the traditionally male-dominated job at the mine. The move is the latest development at the world’s single largest producing emerald mine, which prides […]

EconomyOctober 4, 2022

Decoding How Zambia’s Current PPP Act Handles Competition in Unsolicited Proposal
Zambia’s current 2009 Public Private Partnership Act has a provision for accommodating unsolicited proposals (also known as USPs) from the private sector. A USP arises when a private-sector consortium proposes a PPP rather than responding to a public-sector request for proposals.   According to clause 42 (1) [Unsolicited proposal], “a contracting authority may receive, consider, […

EconomyOctober 3, 2022

Daily FiZ – Monday 03/10
Story of the Day Last week a tweet asking the ‘Zed Twitter’ community to explain bonds “like i’m 5” resulted in widespread conversation on government bonds led by financial educator Chanozya Kabaghe. As the demand for financial literacy coincides with an increase in incomes across the country, the appeal of making stable investments to secure […]