EconomyAugust 10, 2022

Daily FiZ – Wednesday 10/08
Story of the Day First Quantum Minerals has recorded a 2,180 decrease in its copper production at its Kansanshi Mine in Solwezi for the second quarter of 2022. Kansanshi’s copper production was 39,719 tonnes, while the company’s copper production at its Sentinel mine in Kalumbila of 52,447 tonnes was on target. Combined production from the […]

EconomyAugust 9, 2022

Daily FiZ – Tuesday 09/08
Story of the Day President Cyril Ramaphosa has, in his capacity as AU COVID-19 Champion, welcomed the Serum Institute of India (SII) ground-breaking initiative to provide an initial USD 2,500,000 that will support the AU COVID-19 Commission as it implements the mandate to establish an AU Health Workforce Task Team which will undertake the programmatic […]

EconomyAugust 8, 2022

Weekly round-up of Listed and Quoted Companies on LuSE Week 30
There was 1 Stock Exchange News Services (SENS) announcement in week 30 on the LuSE from ZCCM Investments Holdings Plc (ZCCM-IH). ZCCM-IH: TRANSACTION ANNOUNCEMENT The Board wishes to inform the shareholders and the market that ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”), has agreed to provide Corporate Guarantees to Atlas Mara Bank for the […]

EconomyAugust 8, 2022

Weekly round-up of Listed and Quoted Companies on LuSE Week 31
There were 2 Stock Exchange News Services (SENS) announcements in week 31 on the LuSE: 1 Madison Financial Services PLC (MFS) and 1 ZCCM Investments Holdings Plc (ZCCM-IH). MFS: FURTHER CAUTIONARY RENEWAL Shareholders are referred to the First Cautionary Announcement issued on 3April 2020 and the subsequent Further Cautionary Announcements wherein the Board of Directors […]

EconomyAugust 8, 2022

Daily FiZ – Monday 08/08
Story of the Day Zambian Breweries is empowering youth and backing the development of sport through a new sponsorship deal with the Football Association of Zambia (FAZ) that kicked off today. The nation’s largest brewer is supporting the Charity Shield competition – named after the legendary National Team player and coach, Samuel ‘Zoom’ Ndhlovu – […]

EconomyAugust 5, 2022

Daily FiZ – Friday 05/08
Story of the Day Zambia officially began its journey to becoming a key player in the new global electric vehicle (EV) ecosystem this week as President Hakainde Hichilema launched the Enterprise nickel mine in Kalumbila. Once up and running, First Quantum Minerals’ mine will be the largest producer of the strategic metal in Africa. Nickel, […]

Economy, RetailAugust 4, 2022

Daily FiZ – Thursday 04/08
Story of the Day Zambia’s leading vehicle distributor and dealer, Toyota Zambia Ltd, has rebranded to CFAO Motors Zambia Ltd. The transformation, which has been approved by the Patents and Companies Registration Agency (PACRA) and the Labour Department, is part of the group’s continued commitment to Zambia’s economic growth. The move is the latest milestone […]

Economy, OpinionAugust 3, 2022

Weekly Bond Market Diary (25th to 29th July 2022)
In the final week of July 2022 bond trading, there were two days that recorded trades, of which Tuesdays bond trading was the best performing day of the week. Bonds of total face value of K84,930,000 were transacted in 3 trades, resulting in a market value sales of K58,778,670. Bonds are a low risk investment […]

Economy, OpinionAugust 3, 2022

Weekly Capital Market Report (25th to 28th July 2022)
In the battle of opposites in the final week of July 2022, trading on the Lusaka Stock Exchange. The bond market recorded a 96% to 4%  on the equities side, with on two days recording trades on the bond market. Regarding the equities’ market Zambia National Commercial Bank recorded the highest turnover during the week. […]

Economy, OpinionAugust 3, 2022

Weekly Stock Market Review (25th to 29th July 2022)
In the fifth week of July 2022, sixteen company securities recorded trades of which Africa Explosives Limited was the highest priced security. In comparison to week five of July 2021, with twelve securities and Shoprite Holdings as the highest priced, Thursdays’ equity trading was the best performance of the week. Trading activity was recorded in […]