StrategyJuly 26, 2022

Toyota Zambia rebrands to CFAO Motors
Zambia’s leading vehicle distributor and dealer, Toyota Zambia Ltd, has rebranded to CFAO Motors Zambia Ltd. The transformation, which has been approved by the Patents and Companies Registration Agency (PACRA) and the Labour Department, is part of the group’s continued commitment to Zambia’s economic growth. The move is the latest milestone for the company, which […]

EconomyJuly 26, 2022

Daily FiZ – Tuesday 26/07
Story of the Day Losing your job suddenly whether you’ve been laid off or resigned because you felt you had no choice can be incredibly disheartening. One tends to get into a state of confusion with mixed reactions and decision making sometimes can be impaired. It’s not unusual for someone to feel like a failure; […]

EconomyJuly 25, 2022

Daily FiZ – Monday 25/07
Story of the Day The Managing Director of one of the leading Mobile Money companies in Zambia has commiserated with the various “MOMO booth” business owners that were impacted by the recent cleanup of Lusaka’s Central Business District. With this development, Fintech companies will be looking at this development with curious eyes as the next […]

EconomyJuly 23, 2022

Weekly round-up of Listed and Quoted Companies on LuSE Week 29
There was 1 Stock Exchange News Services (SENS) announcement in week 29 on the LuSE from Chilanga Cement Plc (Chilanga Cement). CHILANGA CEMENT: MARKET ANNOUNCEMENT RESULTS OF THE MANDATORY OFFER As at 12 May 2022, Huaxin was the majority shareholder in Chilanga Cement with 75% shareholding, while the balance of 25% was held by various […]

EconomyJuly 23, 2022

Weekly round-up of Listed and Quoted Companies on LuSE Week 28
There was 1 Stock Exchange News Services (SENS) announcement in week 28 on the LuSE from ZCCM Investments Holdings Plc (ZCCM-IH). ZCCM I-H: CHANGE IN DIRECTORATE Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of ZCCM Investments Holdings Plc (the “Board”) wishes to announce the appointment of Mr. Muyangwa Charles […]

OpinionJuly 23, 2022

Transforming South Africa’s Economy
A key attribute of the Industrial Development Corporation (IDC) is its dexterity – the agility with which it has been able to respond to the pressing needs of the country at any given time. Since its establishment, the Corporation has been instrumental in spearheading and implementing South Africa’s industrial development trajectory helping to create industries […]

EconomyJuly 22, 2022

Daily FiZ – Friday 22/07
Story of the Day Countries with relatively small economic bases can generally point to their anchor institutions—including the manufacturing and extractive industries, or large private sector employers—as major contributors to their growth. In Zambia, mining operations anchor the economy, but another significant home-grown entity has grown to become a renowned brand that is creating its [&hell

EconomyJuly 21, 2022

Daily FiZ – Thursday 21/07
Story of the Day Saturnia Regna Pension Fund has embarked on a project to construct a modern 100-room hostel to provide affordable accommodation to University of Zambia (UNZA) students. The investment will provide alternative accommodation to students after the fund recognised a shortage of bed spaces at the university. “It is a fitting irony that […]

Economy, OpinionJuly 20, 2022

Weekly Bond Market Diary (11th to 15th July 2022)
In the third week of June 2022 bond trading, there was only one day that recorded trades during the week. Bonds of total face value of K42,960,000 were transacted in 5 trades, resulting in a market value sales of K28,000,930. Bonds are a low risk investment issued when the government borrows money from its people. […]

Economy, OpinionJuly 20, 2022

Weekly Capital Market Report (11th to 15th July 2022)  
In the battle of opposite, in the third week of July on the Lusaka Stock Exchange. The equities market recorded a score of 95% overshadowing the equities market with a score of 5% this is after the bond market only traded in one day during the week. in comparison to this time last year, it […]