Economy, FIOctober 19, 2017

Prayers for China and Copper
In anticipation of the Day of National Prayer this past week one of my colleagues jokingly tabled that in addition to peace and reconciliation, as a nation we also need to have specific prayer points directed towards Chinese growth and the global copper price. In as much as it was light banter shared among colleagues, […]

EconomyOctober 19, 2017

Will we experience inclusive growth?
The rhetoric for the 2018 budget is “Accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind”. The Minister of Finance stated that one of the key macro-economic objectives of 2018 amongst other things, include a GDP growth of 5%. Subsequent, the IMF presented their IV report to the board and the fund praised […]

Economy, FI, Finance, StrategyOctober 18, 2017

Zambia’s Medium Term Debt Management Strategy Part II
This is part 2 of a 2-part analysis on the MTDS. If you’re only joining us now let me give a quick recap of the previous article. Basically, the Zambian government, through the Ministry of Finance are publishing the very first Medium-Term Debt Management Strategy. The publication is meant to provide information to all market […]

EconomyOctober 17, 2017

Big Read: A Case for investment in LuSE
Over the last couple of months, TFHZPC has been writing on a series of articles that chronicle’s journey through the experience we have had investing in 5 companies on LuSE. However, although our pursuit has been for capital gains and dividends, there is another beneficiary that we cannot ignore. The Zambian economy. The economy is […]

EconomyOctober 5, 2017

October 2017 Company Performance Unplugged
Over the last couple months, we have analyzed the annual reports of the 23 companies on LuSE. We have demystified some of the jargon that comes with the financial statements. We now believe our astute readers are now ready for the next level of analysis of Zambia Premier Companies. In our first edition, we discuss […]

EconomyOctober 1, 2017

2018 Budget Highlights for Premier Companies
Premier companies all over Zambia listened with intend when Minister of Finance delivered the 2018 budget to parliament on 29 September 2017. In his presentation, he stated that it would be in 4 parts. Overview of the global economy, performance of the local economy, details of the budget for 2018 and concluding remarks. However, TFHZPC […]

EconomySeptember 29, 2017

Financial Sector Development in Fragile and Conflict-Affected States
“We have resources, perhaps more resources than any other country in the world. We are not a poor country. We can’t be a fragile country,” said Zimbabwe’s President Robert Mugabe at the recent World Economic Forum (WEF) in Durban. This statement brings forth a long-standing debate on the existence of ‘fragile’, ‘failed’, and ‘collapsed’ states […]

EconomySeptember 25, 2017

The Economic Benefit of Investing in the Stock Market
The Zambian economy is a beneficiary of the stock exchange. The stock market plays a pivotal role in the growth of the industry and commerce of the country that eventually affects the economy of the country to a great extent. How does the market affect the economy? The role of our stock exchanged is engraved in law through […]

EconomySeptember 20, 2017

Big Read: Understanding the Lusaka Securities Exchange
The Lusaka Securities and Exchange (LuSE) is an integral part of Zambian commerce. However, asking the common man or woman in Zambia, few people know what its role is. Those that do have often found themselves wondering what this institution is all about and whether it can deliver on the promise of value creation. This […]

EconomySeptember 12, 2017

Secretary Fredson Asks For Proposals
The 2018 budget season has been well underway for some time now. My business partner and I were lamenting at the fact that we missed the bus in terms of getting Financial Insight (Fi) into one of the strategy committees on the budget at Ministry of Finance (MoF). It must have been the wine because […]