EconomyNovember 22, 2022

Daily FiZ -Tuesday 22/11
Story of the Day Last  week Madison Financial Services (MFS) Plc Group Executive Chairman Dr  Lawrence Samva Sikutwa Sikutwa made a submission to the parliamentary committee scrutinizing  the Bill. In his submission he stated that MFS  had not participated in any consultative process on the Bill  which was an omission. In his submission, he believes […]

EconomyNovember 21, 2022

Daily FiZ – Monday 21/11
Story of the Day 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 the typical tools in the fintech shed — […]

Mining, StrategyNovember 21, 2022

CONSTRUCTIONS SKILLS BUILD LINKS TO LOCAL OPPORTUNITIES IN NWP Local people have graduated with skills in construction and carpentry that will help them gain business in the expanding mining town of Kalumbila. The training programme organised by FQM Trident is the latest move by the mine to help provide local people with the ability to […]

Finance, StrategyNovember 20, 2022

Fintech Unicorn Chipper Cash set to buy Zambia fintech pioneer Zoona
“Republished with permission from the author “ Pan-African cross-border payment app Chipper Cash is set to acquire Zambian fintech company Zoona Transactions International, according to a statement shared with TechCabal. This acquisition will allow Chipper Cash, which has a self-reported user count of 5 million, to add new online services and a new agent network […]

EconomyNovember 19, 2022

Weekly round up of listed and quoted companies on LuSE in week 46
There were 6 Stock Exchange News Services (SENS) announcements in week 46 on the LuSE; 1 from Metal Fabricators of Zambia (ZAMEFA); 2 from ZCCM Investment Holdings(ZCCM-IH) ; 2 from National Breweries (NATBREW) and 1 from Copperbelt Energy (CEC). ZAMEFA;FULL YEAR TRADING STATEMENT In accordance with the Lusaka Securities Exchange (“LuSE”) Listing Requirements, the Board […]

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

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 […]