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Home Opinion Economy

Daily FiZ – Friday 30/08

Natasha Sichone by Natasha Sichone
August 30, 2019
Reading Time: 2 mins read
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Domestic
President Edgar Lungu has urged Hinduja Group of companies, which has shown interest to set up a Leyland truck and bus Assembly plant in Zambia to quicken the process. Read more: ZNBC

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High mealie meal prices have increased Zambia’s annual inflation rate to 9.3 percent in August from 8.8 percent last month. Read more: ZNBC

President Edgar Chagwa Lungu, President of the Republic of Zambia yesterday met Ashok Leyland Chairman Prajash Hinduja who has pledged to open an Ashok Leyland Plant in Zambia. Read more: Lusaka Times

State-owned telecommunications company Zamtel on Wednesday commissioned two communication towers in Petauke and Lusangazi Districts in the Eastern Province as part of plans to attain universal coverage of communication services. Read more: Lusaka Times

The Petroleum Transporters Association of Zambia – PTAZ has welcomed government’s move through the Ministry of Transport and Communications to implement a 50% quota of outgoing cargo to to be trucked by local transporters, in a moved aimed at supporting local businesses and retaining funds in the Zambian economy. Read more: Zambian Business Times

Zambian Breweries Plc has posted increased of profits after tax of K193 million in the half-year period ending June 30, 2019, partly triggered by increased sales in clear beer. And Zambian Breweries says that despite Zambia’s ongoing economic challenges, the rapid growth of the middle-class remains an opportunity. Read more: Diggers

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International
Tesla Inc. raised car prices in China, responding to trade tensions that weigh on the country’s currency and have led to oscillating import tariffs on vehicles. Read more: Bloomberg

President Donald Trump said the U.S. and China are set to have trade talks on Thursday “at a different level.” “There’s a talk scheduled for today at a different level,” Trump said in an interview with Fox News Radio without elaborating on what “a different level” means. Read more: CNBC

The trade conflict between Japan and South Korea is a sign that the global order “is now collapsing,” according to Deborah Elms, executive director at the Asian Trade Centre. Read more: CNBC

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    The Financial Insights of Zambia was established in 2017 as a follow up to the success of The Financial Health of Zambia’s Premier Companies blog which was birthed as an idea that would address the challenge Zambian investors had in understanding how companies within the economy created value. Armed with the annual reports of companies listed on the Lusaka Stock Exchange, we bring business analysis and valuation of these premier companies.

    What’s New Here!

    • Daily FiZ – Thursday 31/05
    • Zamtel celebrates PremierCredit Partnership and extends its investment product offering onto Zamtel Mobile Money menu.
    • Daily FiZ – Wednesday 31/05
    • ZAMTEL LAUNCHES THE PREMIERINVEST PRODUCT ON ITS MOBILE MONEY MENU
    • WWF Zambia’s Position on the Proposed Mining in Lower Zambezi National Park
    • Daily FiZ – Tuesday 30/05

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