EconomyNovember 18, 2022

Daily FiZ – Friday 18/11
Story of the Day The first wave of alternative data use gave rise to powerhouse companies across key markets in the African continent, particularly in East and West Africa. Allowing previously excluded adults to access credit and participate in the formal economy for the first time, the insights gleaned from alternative data spilled into areas […]

EconomyNovember 17, 2022

Daily FiZ – Thursday 17/11
Story of the Day Many people can relate to the euphoria and angst experienced when a credit or debit (respectively) SMS notification is received on their mobile device. However, many people do not know that the ability of their financial institution to keep them up to date with the activities on their accounts has been […]

EconomyNovember 16, 2022

ZCCM-IH ; TRANSACTION ANNOUNCEMENT
The Board wishes to inform the shareholders and the market that ZCCM Investment Holdings has agreed to provide a Corporate Guarantee to Ecobank Plc (“Ecobank”) for the amount of USD15 million (the “Transaction”). In line with the requirements of Section 9 and 10 of the Lusaka Securities Exchange Listings Requirements, the key features of the […]

EconomyNovember 16, 2022

Daily FiZ – Wednesday 16/11
Story of the Day In the era of business-to-business (B2B), one company stands above the rest when it comes to delivering communication solutions that are not only end to end but also secure whilst being business centered. Wirepick has become the African standard for messaging for not only financial technology using entities but for Governments […]

Economy, OpinionNovember 15, 2022

Weekly Bond Market Diary (31st October to 4th November 2022)
In the final week of October and beginning of November 2022 bond trading, there was a full week of trades, of which Thursday’s bond trading was the best performing day of the week. Bonds of total face value of K640,846,000 were transacted in 42 trades, resulting in a market value sales of K372,471,570. Bonds are […]

Economy, OpinionNovember 15, 2022

Weekly Capital Market Report (31st October to 4th November 2022)
In the first week of November and close of October 2022, trading on the Lusaka Securities Exchange yet another mundane week. As yet again the bond market holds it’s glory by recording a 100% score. In comparison to week one of November 2021 we see the complete opposite as it was the equity market dominating […]

Economy, OpinionNovember 15, 2022

Weekly Stock Market Review (31st October to 4th November 2022)
In the final week of October and beginning of November 2022, there were thirteen companies that recorded trades of which AECI Mining Explosives was the highest priced company security. In comparison to week one of November 2021 with twenty two companies recording trades with Shoprite Holdings as the highest priced. Monday was the best performing […]

EconomyNovember 15, 2022

Madison Financial Services Group Executive Submits Concerns over Securities Bill no. 23 of 2022
There is an amendment bill for the Securities and Exchange Commission (Zambia) submitted to parliament through Marshal Muchende, Solicitor-General which is currently at first reading according to the National Assembly website. The objective of Bill is to amend the Securities Act, 2016 so as to (a) implement a risk based approach in the supervision and […]

EconomyNovember 15, 2022

GAMBLING AND FINTECH: TWO SIDES OF THE SAME COIN?
“Article has been republished with permission from Mondato Insight www.mondato.com“ Similar to cannabis, the growing legal acceptance of gambling in the United States and elsewhere is ushering a nascent class of digital technologies to support the burgeoning industry and address the regulatory complications involved. Yet what is underway doesn’t merely reflect another application of

EconomyNovember 15, 2022

Daily FiZ – Tuesday 15/11
Story of the Day Oswald Magwenzi, Country Managing Director of Zambia Sugar Plc (An Illovo Sugar Africa Company) took part in the ongoing 2022 United Nations Climate Change Conference of the Parties of the UNFCCC (COP27) panel discussion of an overview of IFCs approach to Agriculture and Adaptation including services offered by the MAS Advisory […]