Economy, OpinionSeptember 5, 2021

Central Bank Admits to Bank Note Shortage
The Bank of Zambia has advised members of the Zambian public that it has noted an increase in demand for kwacha bank notes over the last few months, according to a published statement. “The Bank of Zambia has noted an unprecedented rise in demand for cash country-wide during the past few months”, read a statement […]

Economy, OpinionAugust 29, 2021

Decoding Zambia’s New Governments Economic Plan – Part II
On Friday 27th August 2021, the new inaugurated President of Zambia announced his first cabinet minister. Situmbeko Musokotwane has been tasked with translating the UPND’s economic agenda for Zambia into reality. “Our Minister of Finance, Dr. Situmbeko Musokotwane, has a wealth of experience from being an advisor to the IMF, an advisor to President Mwanawasa, […]

AEL Mining Services (Z) Plc, MiningAugust 29, 2021

AECI Mining announces Esther Johnson as new Financial Director
Explosives mining Company, AECI Mining Plc has announced the departure of Financial Director and his immediate replacement, according to an issued statement from the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of AECI Mining Explosives PLC (“AECI Mining” or the “Company”) wishes to announce the resignation of Francois […]

Economy, OpinionAugust 25, 2021

Decoding UPND’s economic agenda – Part I
The newly elected administration of Zambia’s Government will soon be unveiling their detailed economic agenda for the country following the inauguration of President Hakainde Hichilema on 24th August 2021.   In the run up to the elections of 12th August, the UPND released their manifesto which served as a guiding principle of how the new […]

InsuranceAugust 22, 2021

Zambia Re forecasts weaker financial performance
Zambia Reinsurance Plc has issued a statement that indicates that the company is likely to score a weaker financial performance at half year 2021 compared to the same period last year. “In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Zambia Reinsurance PLC (the “Company”) hereby advises the Shareholders […]

Airtel Networks Plc, TelecomAugust 22, 2021

AIRTEL Zambia Issues Tax Obligation Statement
  The only LuSE listed mobile telecommunications company has issued a statement regarding recent social media allegations regarding its tax affairs. In a SENS Announcement aptly titled “STATEMENT ON AIRTEL TAX OBLIGATIONS WITH ZAMBIA REVENUE AUTHORITY”, Airtel Zambia Plc advised stakeholders to ignore the malicious statements that had gone viral. “We refer to the market […]

Economy, OpinionAugust 20, 2021

Euphoria of Change breaths New Hope for Zambia’s Economy
When the Electoral Commission of Zambia made the announcement that Hakainde Hichilema would be the next President of Zambia, the “last” piece in the economic jigsaw puzzle was finally in place. For many months, Zambia had been perceived by some segments of the international community as a country with so much going wrong that there […]

British American Tobacco, RetailAugust 19, 2021

Resilient performance amidst a challenge environment -BAT Zambia Reports Performance
British American Tobacco Zambia Plc has presented its unaudited financial results for the period ended 30 June 2021 under the aptly titled banner of resilient performance amidst a challenging environment. The following is the extract from the SENS announcement issued by order of the Board on 18th August 2021. Operating Environment The operating environment continues […]

Beverage, Zambian BreweriesAugust 10, 2021

Zambrew forecasts higher earnings per share
When Ab Inbev’s Zambian Breweries Plc reports its earnings for the period ending Q2 2021, they forecast an over 600% increase in bottom-line performance. “The Board of Directors of Zambian Breweries Plc (“the Board”) wishes to advise the Shareholders that for the period ending 30th June 2021, the basic earnings per share is expected to […]

Beverage, National BreweriesAugust 10, 2021

National Breweries records marginal ‘liquid sales’ growth
The second beverage manufacturing company listed on the Lusaka Securities and Exchange (LuSE) has recorded a 6% increase in volume of products sold in the financial year ending March 2021, according to published financials from National Breweries Plc. “The company posted a 24% growth in revenue against a background of deteriorating macro-economic conditions and disruptions […]