Zambia Sugar PlcOctober 25, 2021

Zambia Sugar and Business Community Bid Farewell to Rebecca Katowa
At a gala dinner hosted by incoming Zambia Sugar CEO, Oswald Magwenzi along with many Zambian captains of industry bade farewell to Rebecca Katowa in style at Lusaka’s glitzy Neelkanth Sarovar Premiere Hotel on 23th October 2021.   Rebecca is the first female country director of Zambia Sugar a subsidiary of Illovo Sugar Africa. Rebecca […]

MiningOctober 22, 2021

UPND Aims to Accelerate Mining: A Major Source of Government Revenue and a Possible Boost on Zambia’s GDP
The mining sector remains a significant part of the Zambian economy, accounting for over 9 percent of the GDP and 70 percent of export earnings. The sector is also a significant source of government revenue and formal employment, both directly and indirectly. We have a long history of mining and a large known resource base […]

AgricultureOctober 20, 2021

Agriculture in the New Dawn
With over 60% of Zambians deriving their livelihood from agriculture, the UPND unveiled it as the chief pilot of their agenda in a quest toward growth and poverty reduction. With dilapidated agricultural support, inadequate extension service, natural disasters, droughts, floods, lack of finance and lack of agro- industries as some of the reasons the sector […]

ZCCM-Investment Holdings PlcOctober 18, 2021

Eric Silwamba exits the ZCCM IH Boardroom
ZCCM IH has officially advised shareholders and investors that the Board Chairperson’s appointment has been terminated, according to a statement from the investment house. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of ZCCM Investments Holdings Plc (the “Board”) announce the termination of appointment of Mr Eric S Silwamba, SC […]

FinanceOctober 18, 2021

The New Dawn Government’s Plan on Implementing Financial Services.
The new dawn government has recognized that a world class financial services sector is critical to attracting investment in the economy. What has it promised to deliver and how will it do so? The manifesto highlights four components it will address. Firstly, the introduction of legislation that lowers the cost of financial services. “This includes […]

EnergyOctober 18, 2021

Analysis of the UPND Manifesto on the Energy Sector
Energy, the backbone of development, serving humanity and driving economic growth. Access to energy is essential for Zambia’s key economic sectors: mining, agriculture, tourism, and trading. The structure of the energy sector in Zambia is comprised of 3 sub-sectors namely; electricity, petroleum and renewable energy. The energy sector in Zambia is overseen by the Ministry […]

MiningOctober 15, 2021

FIRST QUANTUM ANNOUNCES NEW $2.925 BILLION SYNDICATED BANK FACILITY
–(In United States dollars, except where noted otherwise) Toronto, Ontario (October 14, 2021) – First Quantum Minerals Ltd. (“FQM” or the “Company”) (TSX: FM) today announced that it has signed a new $2.925 billion Term Loan and Revolving Credit Facility (the “Facility”). This new Facility replaces the existing $2.7 billion Term Loan and Revolving Credit […]

Copperbelt Energy Corporation Plc, EnergyOctober 13, 2021

CEC Africa Records Net Loss of K576 million at Half Year 2021
Despite the recorded net loss of ZMW 576 million (Kwacha Five Hundred Seventy-six Million) for the half year 2021, CECA performance continued to make steady improvement regarding various issues that have affected its performance in previous years, including: Non-Cost Reflective Tariffs: In 2019, the Nigerian Electricity Commission issued a minor tariff review which enabled Abuja […]

RetailOctober 11, 2021

[UPDATED] Spenn International acquires 15% of Kazang Zambia for $1.25 million, valuation at $8.5 million
International payments company Spenn, (the owners of e-wallet platform Spenn Zambia) have acquired the largest POS distributor in the country Kazang. To date this marks the largest acquisition between two fintechs in the country’s history and a signal of the competitiveness of the industry. The investment is initially a $1.25 million cash injection for 15% […]

RetailOctober 7, 2021

Lupiya Zambia selected for Google’s K60 million Black Founders Fund
Instant loan application Lupiya has been selected for Google’s first ‘Black Founders Fund’, an initiative started by the $2 trillion company in order to promote African Founders. Lupiya became famous as the first female led start-up to raise over $1million in investment last year. 70% of Zambians currently do not have access to formal banking, […]