In the first week of November 2021 trading on the Lusaka Stock Exchange, twenty-two companies’ securities recorded trades with Shoprite Holdings as the highest priced security in comparison with week one of November 2020 with nine companies with Airtel as the highest priced security. Fridays’ equities trading was the best performance of the week. Trading […]
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% […]
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, […]
Chartered Accountant Faith Mukutu has resigned her position as independent director on the Board of National breweries, according to a statement from the listed brew house. “Pursuant to Section 3.59 of the Listing Requirements the Board of Directors of National Breweries Plc (“the Board”) wishes to inform the company’s shareholders and the public that Ms. […]
Today (10th September 2021) the President of the Republic of Zambia, Hakainde Hichilema, opened parliament to applause and roars of jubilation from his party. This excitement was only muted as he began to explain his vision for the country. The theme of the speech was an outline of the goals of his administration. The message […]
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 […]
Story of the Day: Four weeks into the month of July 2021 bond trading, we had a full week without trading activity which was the case last week as well. The bond market has been quite mundane as there have been little to zero trading occurring. Read more Local Business and Finance Sponsored By Liquid […]
Story of the Day: Continuing Professional Development (CPD) is a term used to describe the learning activities professionals engage in to develop and enhance their abilities. This learning is often facilitated through trainings, forums, seminars, webinars, workshops and conferences. CPD aims to ensure that professionals are up-to-date with the technicalities of their fields and maintain […]
The horrific experience of Covid 19 which has left a lot of businesses incapacitated has many major retailers and some manufacturers opting to Omnichannel marketing, buying and selling to curb what could have been a complete global economic meltdown. According to the International Labor Organization projections 200 Million people will still be unemployed in 2022 […]
Story of the Day: Two weeks into the month of June 2021 bond trading on the Lusaka Stock Exchange, there was very little trading activity on the bond market as only one day recorded trades which was quite the opposite for the equities market as there was a significant amount of trading as Twenty-one companies […]
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