Finance, Madison Financial Services PlcAugust 1, 2021

Madison Finance records weaker financial performance due to weakness in business model
When Madison Finance Limited reported its end of financial year results on Friday 23 July 2021, investors had to brace for weaker financial performance from the financial services coming. “In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Madison Finance Limited (“the Company”) hereby advises the Shareholders of the […]

Economy, OpinionJuly 30, 2021

Of Copper, Bonds, Taxman surpluses, ‘Covid 19 Moratoriums’, IMF dual facilities, and more – CTPD’s commentary on the currency of the moment
The founder of this website recently had a telecon with Dr. Gabrielle Pollen, Senior Researcher Public Finance with the Center for Trade Policy and Development on the recent run that the Kwacha had been experiencing, and there was a common understanding and agreement on what factors had led to the appreciation of the kwacha. The […]

Agriculture, Zambeef Products PlcJuly 13, 2021

CDC’s Braeken liquidates sake in Zambeef shares
Zambeef’s Non-executive Director Frank Braeken has sold his ordinary shares in Zambeef Plc, according to a statement from the company. “In accordance with Section 3.63 (a)(i) of the Lusaka Securities Exchange Listings Rules (“LuSE Listings Rules”) Zambeef Products Plc (“Zambeef” or “the Company”), (AIM: ZAM), wishes to announce that Mr. Frank Braeken, Non-Executive Director, sold,

AEL Mining Services (Z) Plc, MiningJuly 13, 2021

AEL Zambia Shareholders nod name change
Shareholders of Zambia’s only listed mining explosives company, have resolved to change the name of the company to AECI Mining Explosives Plc. “At the Annual General Meeting of Members of AEL ZAMBIA PLC (“AEL” or “The Company”), held on 26th March, 2021 (the “AGM”), the following Special resolution was duly passed by AEL Shareholders: It […]

Economy, OpinionJune 26, 2021

IMF’s Special Drawing Rights for Members offers much needed relief for Zambia and many others
In March 2021, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued a statement at the conclusion of an informal discussion of the IMF’s Executive Directors on the technical case for a Special Drawing Rights (SDR) general allocation which is set to help member countries through the adverse impact of the COVID 19 […]

Beverage, Zambian BreweriesJune 24, 2021

Jose Moran “sips” his last round with the Board
Zambia’s largest alcohol distributor by volume announced the resignation of its CEO effective 1st July 2021, according to a statement from Zambian Breweries. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Zambian Breweries PLC (“the Board”) wishes to announce the resignation of Mr Jose Moran as Country Director of […]

Finance, ZCCM-Investment Holdings PlcJune 24, 2021

Arbitrator in the “end game” of Kansanshi case with ZCCM-IH
Shareholders in Zambia’s largest mining investment firm have been advised that the arbitration case involving one of its investee companies has continued to progress and is nearing an end, according to a statement from ZCCM IH. “Further to the cautionary announcement dated 25 November 2020, the Board of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the […]

Finance, ZCCM-Investment Holdings PlcJune 21, 2021

ZCCM IH appoints Michael Chibonga as a Director ahead of upcoming AGM
When the ZCCM IH board meets with investors later this month, they will be unveiling a new Director on their board. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of ZCCM Investments Holdings Plc (the “Board”) wishes to announce the appointment of Mr Michael Chibonga as a Director on the […]

Manufacturing, ZAMEFA PlcJune 20, 2021

Rosetta Chabala exits the Metal Fabricators Boardroom
Listed metal fabrication company, ZAMEFA Plc, has announced the resignation of its Managing Director, according to a statement from the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Metal Fabricators of Zambia Plc (“the Board” or “Zamefa”) wishes to announce the resignation of Mrs Roseta Chabala as Managing […]

Finance, ZCCM-Investment Holdings PlcJune 19, 2021

ZCCM IH on course to keep its dividend promise
When ZCCM IH management team led by Mabvuto Chipata and the Board of Directors of Zambia’s biggest mining investment company meet with shareholders at the end of June 2021, they will be announcing a USD 2.390 million dividend for its shareholders. According to the latest SENS announcement from the investment group issued by Company Secretary […]