EconomyNovember 2, 2022

Daily FiZ – Wednesday 02/11
Story of the Day An Executive Summary of the IMF- FISCAL MONITOR (Helping People Bounce Back) OCT 2022 Rising inflation and climbing interest rates have supplanted more than a decade of muted inflation and low interest rates in many countries. Recession concerns are surfacing and geopolitical tensions have increased further as Russia’s invasion of Ukraine […]

Economy, ZCCM-Investment Holdings PlcNovember 2, 2022

  FINANCIAL PERFORMANCE HIGHLIGHTS Group Performance • The Group recorded a turnover of ZMW7.5 billion (US$ 435 million) for the six-month period ended 30th June 2022 compared to ZMW8.3 billion (US$ 368 million) reported during the six months to 30th June 2021. The 10% reduction in revenue is attributable to reduced production of copper at […]

Economy, RetailNovember 2, 2022

Financial Performance Review Total revenue for the year ended 31 August 2022 was K5.111 billion, 2.4% above the prior year comparative, bolstered largely by a 5% growth in domestic sales volume. Export sales were down compared to previous year as priority was given to satisfying the domestic market in view of limited stocks and the Kwacha appreciation against […]

EconomyNovember 1, 2022

Daily FiZ – Tuesday 1/11
Story of the Day An Executive Summary of the IMF-GLOBAL FINANCIAL STABILITY REPORT – Navigating The High Inflation Environment The world economy is experiencing stubbornly high inflation, a challenge it has not faced for decades. Following the global financial crisis, with inflationary pressures muted, interest rates were extremely low for years and investors became accustomed […]

Economy, ZANACO plcNovember 1, 2022

NEWS RELEASE – World Vision, Zanaco and CFAO partner to end child marriage in Zambia
  World Vision Zambia, Zanaco Bank and CFAO Motors have signed a three-year memorandum of understanding (MOU) that will see the three organisations work together to support girls rescued from child marriage or facing such risks. The Strong Girls, Strong Zambia campaign is a World Vision Zambia (WVZ) initiative to mobilise local resources and implement […]

EconomyOctober 31, 2022

Daily FiZ – Monday 31/10
Story of the Day 14 African startups have secured a spot to pitch live on stage at the Africa Fintech Summit Cape Town, which takes place from November 2-4, at the Cape Town International Convention Centre (CTICC). The AlphaExpo micro-accelerator is a sector-agnostic program that enables early-stage startups from across Africa to pitch at the […]

EconomyOctober 29, 2022

Weekly round up of listed and quoted companies on LuSE in week 43
There were 4 Stock Exchange News Services (SENS) announcements in week 43 on the LuSE; 2 from ZCCM Investment Holdings (ZCCM-IH), 1 from Taj Pamodzi Hotels (PAMODZI) and 1 from Zambian Breweries (ZAMBREW). ZCCM INVESTMENT HOLDINGS:TRADING STATEMENT In accordance with Section 34(b) of the Lusaka Securities Exchange (‘LuSE*) Listings Requirements, the Board of Directors of […]

EconomyOctober 28, 2022

Daily FiZ – Friday 28/10
Story of the Day Absa Africa Financial Markets Index shows improving market infrastructure in majority of countries in the region. African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, OMFIF’s 2022 Absa Africa Financial Markets Index reveals. Even as challenging market conditions weighed on performance […]

Economy, OpinionOctober 27, 2022

Weekly Bond Market Diary (17th to 21st October 2022)
Three weeks into October 2022 bond trading, there were three days that recorded trades during the week, of which Thursday’s bond trading was the best performing day of the week. Bonds of total face value of K266,450,000 were transacted in 26 trades, resulting in a market value sales of K190,721,510. Bonds are a low-risk investment […]

Economy, OpinionOctober 27, 2022

Weekly Capital Market Report (17th to 21st October 2022)
Three weeks into the month of October 2022, trading on the Lusaka Securities Exchange. We see the the bond market record a 97% score to 3% on the equities side. In comparison to this time last year we see the complete opposite as the equity market recorded a 100% score. In regard to the equity […]