In the New Dawn, financial literacy has become more important than ever. Recently there has been an emergence of social media personalities who leverage their experience and expertise in the markets to simplify the movements across the markets. Mulenga Chanda is currently the Assistant Manager for Treasury at the Bank of China. He is currently […]
The tech and finance community converge on Cape Town South Africa for the Fintech Summit, 2022 edition. With over 38 countries represented and over USD 4.5 billion in capital raised, this years event promises to unlock value for participants who include the tech and finance community as well as venture capital and investors seeking out […]
Financial Performance Review Total revenue for the year ended 31 August 2022 was K5.111 billion, 2.4% above the prior year comparative, bolstered largely by a 5% growth in domestic sales volume. Export sales were down compared to previous year as priority was given to satisfying the domestic market in view of limited stocks and the Kwacha appreciation against […]
Pieter Engelbrecht, Chief Executive Officer, “We are proud of our 2022 results especially considering our high base, the additional week included in our reporting calendar last year and the headwinds presented by a challenging local and global context.” On a 52-week basis our customers spent an additional R19.6 billion with us this year. This growth […]
The Ethereum Merge Explained Readers who are aware of recent developments within the Crypto economy would likely have heard some hype around the ‘Ethereum ‘Merge’. For those who are not so familiar with cryptocurrencies, companies in the sector (often referred to as Web 3) use blockchain technology to store transparent and immutable (unchangeable) transactions on […]
In accordance with the requirements of the Securities and Exchange Act No. 41 of 2016, Zambia Bata Shoe Company PLC announces unaudited interim financial results for the half year ended 30th June 2022. Company Performance & Update The half year results as of 30th June 2022 as depicted above are a clear illustration of successful […]
On 26th August 2022, British American Tobacco (Zambia) Plc announced the resignation of the Company’s Finance Director and member of The Board, Mr. Vincent Kaloki. In accordance with Section 3.59 of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board of Directors of British American Tobacco (Zambia) Plc (“the Company” or “BATZ”) (the [&h
LUSAKA, ZAMBIA – The British Chamber of Commerce Zambia (BCCZ) has commended the New Dawn government for improving Zambia’s investment climate and restoring investor confidence in the local economy as the government marks its first year in office. BCCZ Chief Executive Officer John Paton said the Hakainde Hichilema-led government has made significant strides towards making […]
Lusaka, Zambia 19 August 2022 – Liquid Intelligent Technologies (Liquid), a business of Cassava Technologies (Cassava) in Zambia, is expanding its operations to Central Province by launching its first office in Mkushi. This launch will bring high-speed connectivity and a suite of intelligent technologies to the district for the first time. With the opening […]
British American Tobacco (Zambia), on 12 August 2022, shared its financial results for the half-year 2022 in which it has posted 124% increase in Profit before tax in comparison to the same period, the year prior. Operating Environment BAT Zambia continues to record a positive performance against the backdrop of improved economic conditions, as evidenced […]
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