EconomyOctober 5, 2022

Daily FiZ – Wednesday 05/10
Story of the Day If there is an industry that has leapfrogged the various stages that traditional entities have often passed through to win the hearts and minds of consumers, it has to be fintech. According to an article published by Telus International, “the financial technology market is on the rise” and citing a Market […]

EconomyOctober 5, 2022

Weekly round up of listed and quoted companies on LuSE in week 38
There were 2 Stock Exchange News Services (SENS) announcements in week 38 on the LuSE: 1 from ZCCM Investments Holdings PLC (ZCCM-IH) and 1 from Real Estate Investments Zambia PLC (REIZ). ZCCM-IH : CHANGE IN DIRECTORATE According to section 3.59 of the LuSE Listing Requirements, the Board of Directors of ZCCM Investments Holdings Plc (the […]

EconomyOctober 4, 2022

Daily FiZ – Tuesday 04/10
Story of the Day Four Zambian women have taken their seats behind the wheel of heavy equipment trucks at the Kagem emerald mine in Lufwanyama – the first women to take on the traditionally male-dominated job at the mine. The move is the latest development at the world’s single largest producing emerald mine, which prides […]

EconomyOctober 4, 2022

Decoding How Zambia’s Current PPP Act Handles Competition in Unsolicited Proposal
Zambia’s current 2009 Public Private Partnership Act has a provision for accommodating unsolicited proposals (also known as USPs) from the private sector. A USP arises when a private-sector consortium proposes a PPP rather than responding to a public-sector request for proposals.   According to clause 42 (1) [Unsolicited proposal], “a contracting authority may receive, consider, […

EconomyOctober 3, 2022

Daily FiZ – Monday 03/10
Story of the Day Last week a tweet asking the ‘Zed Twitter’ community to explain bonds “like i’m 5” resulted in widespread conversation on government bonds led by financial educator Chanozya Kabaghe. As the demand for financial literacy coincides with an increase in incomes across the country, the appeal of making stable investments to secure […]

EconomyOctober 1, 2022

Weekly round up of listed and quoted companies on LuSE in week 37
There were 3 Stock Exchange News Services (SENS) announcements in week 37 on the LuSE; 1 from Zambian Breweries PLC (ZAMBREW), 1 from Madison Financial Services PLC (MFS) and 1 Real Estate Investments Zambia PLC (REIZ). ZAMBREW : MARKET ANNOUNCEMENT Zambian Breweries Plc – warehousing and logistics transformation Following the Market Announcement issued on 31st […]

EconomyOctober 1, 2022

Zambia’s Public Private Partnership Act to be repealed – Minister of Finance
Zambia’s Finance Minister Situmbeko Musokotwane has advised that the Public-Private Partnership Act of 2009 will be repealed and replaced, according his 2023 Budget speech. “To enhance the effectiveness of PPPs, Government will bring a Bill to repeal and replace the Public Private Partnership Act. Later in my Address, I will announce specific incentives to make […]

EconomySeptember 30, 2022

Daily FiZ – Friday 30/09
Story of the Day With cyber security concerns on the rise, Liquid Intelligent Technologies Zambia has stepped up to the challenge by  releasing new products that will curb the threat. According to a news release on Hot FM, “the company has launched its new suite of Cyber Security offerings that look to protect Zambian businesses […]

EconomySeptember 29, 2022

Daily FiZ – Thursday 29/09
Story of the Day Financial technology company leader Roy Muyelu has indicated that the sector is experiencing exponential growth, according to a speech he delivered at the on-going ICT Fintech Festival. “The Fintech landscape in Zambia has grown tremendously over the years, and the Fintech activities range from but not limited to; digital payment platforms, […]

EconomySeptember 28, 2022

Daily FiZ – Wednesday 28/09
Story of the Day The Chief Executive of Zambia’s largest financial technology company, Probase Limited, has stated that the sector is forecast to process over K200 billion worth of transactions in 2022. “The Fintech landscape in Zambia has grown tremendously over the years, and the Fintech activities range from but not limited to; digital payment […]