EconomyJune 22, 2022

Daily FiZ – Wednesday 22/06
Story of the Day WELCOME REMARKS BY THE SOCIETY PRESIDENT MR. DUNCAN B. MFULA DURING THE OPENING OF 2022 ACSZ MEDIA TRAINING ON FRIDAY, JUNE 17, 2022, AT MEMBERS PAVILION, SHOW GROUNDS, LUSAKA. It gives me great pleasure to welcome you all to the 2022 edition of the agricultural and commercial cooperative society of Zambia […]

Economy, OpinionJune 21, 2022

Weekly Bond Market Diary (13th to 17th June 2022)
In the third week of June 2022 bond trading, there were three days that recorded trades, of which Tuesdays’ bond trading was the best performing day of the week. Bonds of total face value of K107,375,000 were transacted in 14 trades, resulting in a market value sales of K72,046,920.Bonds are a low risk investment issued […]

Economy, OpinionJune 21, 2022

Weekly Capital Market Report (13th to 17th June 2022)  
In the battle of opposites the bond market held its glory as it recorded a 99% score to 1% on the equities side. In comparison to week three of June 2021, we see the complete opposite as it was the equities market that completely dominated the capital market.   Equity Market In the week ended […]

Economy, OpinionJune 21, 2022

Weekly Stock Market Review (13th to 17th June 2022)
In the third week of third week of June 2022, trading on the Lusaka Stock Exchange. Fifteen company securities recorded trades of which Investrust Limited was the highest priced. In comparison to week three of June 2021, we see twenty securities recording trades of which Zambia Consolidated Copper Mines was the highest priced. Thursdays’ equity […]

EconomyJune 21, 2022

Daily FiZ – Tuesday 21/06
Story of the Day FNB Zambia releases monthly reports which illuminate key factors affecting players within the agriculture sector. The report monitors the price movements of three key commodities: maize (+45%) , soya (+59%) and wheat (+29%). Over the course of the last year there have been significant price increases to commodities as a result […]

StrategyJune 21, 2022

GreenCo Renewable Energy IPP Procurement Programme and offering of SAPP Training Services to Generators and Consumers
Africa GreenCo (GreenCo) is delighted to announce the procurement of up to 80MW of additional renewable energy capacity in Zambia to complete the establishment of its phase I generation portfolio. In this second round of procurement, GreenCo will employ a direct procurement approach by which it will engage with developers on a bilateral basis. This […]

EconomyJune 20, 2022

Daily FiZ – Monday 20/06
Story of the Day On 10th June, 2022, Pamodzi Hotels PLC announced  the audited financial results for the year ended March 2022. The total turnover for the year is ZMW 54.43 million compared to previous year turnover of ZMW 15.38 million. EBITDA for the year is ZMW (3.03) million compared to previous year of ZMW […]

StrategyJune 17, 2022

FQM TRIDENT UNIONISED WORKERS IN 11% SALARY HIKE
FQM Trident Limited, a subsidiary of First Quantum Minerals, has signed a collective bargaining agreement with four unions: the National Union of Miners and Allied Workers (NUMAW), Mine Workers Union of Zambia (MUZ), United Mine Workers Union of Zambia (UMUZ) and Miners and Allied Workers Union (MAWU). As part of the agreement,  basic salaries for […]

EconomyJune 17, 2022

Daily FiZ – Friday 17/06
Story of the Day The following is an extract from the “Acquisition of 90% Shareholding in Mopani Circular” available on the ZCCM IH investor pages that explains how the investment house structured the $1.5 billion remaining Debt in Mopani from the GIAG Facility and Carlisa Facility. Sections 8.6 and 8.7 reads: On completion of the […]

EconomyJune 16, 2022

Daily FiZ – Thursday 16/06
Story of the Day Pamodzi Hotels Plc, expects Earnings Per Share to be 48% higher for the financial year ended March 2022, according to the statement published on 9th June, 2022. “In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Pamodzi Hotels Plc (“the Company”) hereby advises the Shareholders […]