RetailApril 25, 2022

FSD Zambia Appoints former NGOCC Head Engwase Mwale as new CEO
As Betty Wilkinson, the well accomplished head of FSD Africa, steps down from her official role Financial Sector Deepening Zambia has announced a new CEO in Engwase Mwale. She formerly served as an Ms Mwale formerly served as an executive Director of the Non-Governmental Coordinating Committee, an umbrella arm for a variety of NGO’s which […]

Economy, RetailApril 11, 2022

Daily FiZ – Monday 11/04
Story of the Day: Kagem Mining Limited has delivered a USD 1.5 million dividend to the Zambian government’s Industrial Development Corporation (IDC) Limited, which owns 25% of the emerald mining company in Lufwanyama. The dividend, the first since 2016, is in addition to the USD 5.6 million mineral royalty tax paid on the sale of emeralds […]

RetailApril 4, 2022

The Agricultural and Commercial Cooperative Society of Zambia Limited is incorporated and registered under the Cooperative Societies Act of 1998 of the Laws of Zambia and charged with the responsibility of holding an Annual Premier Agricultural and Commercial Show, held in the capital city Lusaka, Zambia. The Society held its first show in 1919 in […]

RetailMarch 29, 2022

Cautionary Notice – ZCCM on KCM Arbitration
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 […]

Retail, ZAFFICOMarch 23, 2022

Mundia Mundia Appointed ZAFFICO Boss
In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZAFFICO PLC is pleased to announce the appointment of Mr. Mundia Mundia to its Board of Directors. Mr. Mundia will serve as Managing Director effective 14th March, 2022.       Mr. Mundia is a senior executive with over 20 years’ […]

FI, RetailMarch 14, 2022

Airtel Zambia Plc Forecasts 300% higher Earnings Per Share for 2021 FY
The following article is a written statement directly from Airtel:       In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Airtel Networks Zambia Plc (“Airtel” or “the Company”) hereby advises the Shareholders of the Company that the Earnings Per Share for the year ended 31 December 2021 […]

RetailMarch 14, 2022

Back to basics: Why good corporate governance is crucial for the pension industry
LUSAKA, ZAMBIA: Good corporate governance is a key factor underpinning the integrity and efficiency of any organization. For those entrusted with the management and administration of wealth on behalf of others, such as pension funds, effective corporate governance is even more crucial. Corporate governance encompasses every aspect of management and therefore calls for deliberate observation. In [

RetailJanuary 17, 2022

Daily FiZ – Monday 17/01
Story of the Day According to a report by IT News Africa, MTN Zambia and Huawei have signed an agreement in order to facilitate the 5G network pilot program. MTN Zambia, the largest telecom in the country based on mobile subscribers, will also be one of the first telecoms in the region to deploy a […]

RetailJanuary 11, 2022

Lusaka Stock Exchange named the Best Performing in Africa
According to an analysis conducted by Business Insider, the Lusaka Stock Exchange has been voted the best performing stock exchange in Africa for 2021. This comes following an aggregate gain of 93% in the total value of shares on the exchange. The LSE’s strong performance eclipsed that of fellow stock exchanges with Ghana (38%) and […]

RetailJanuary 11, 2022

Daily FiZ – Tuesday 11/01
Story of the Day Annual inflation for December, 2021 decreased to 16.4 percent from 19.3 percent recorded in November 2021. This means that on average, prices of goods and services increased by 16.4 percent between December 2020 and December 2021. The slowdown in annual inflation was attributed to favourable price movements in both food and […]