Story of the Day:
In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Puma Energy Zambia Plc (“the Board”) wishes to advise the Shareholders that for the period ending 31st December 2021, the basic earnings per share is expected to be 52% lower than that of the corresponding period last year for both the group and for the Company. Read more
Local Business and Finance Sponsored By Liquid Intelligent Technologies
Zambia Revenue Authority (ZRA) yesterday signed a memorandum of understanding with Smart Zambia Institute (SZI) on information exchange and integration of payment systems on the online government service bus (GSB) and payment gateway project. The SZI is the electronic government division, and in 2019, it launched the GSB as a single window web portal for accessing and delivering selected government services digitally. Read more: Zambia Daily Mail
President Hakainde Hichilema says it pays to work for oneself, encouraging youths to value self-employment so that they can also employ others. And President Hichilema says his administration remains committed to supporting every Zambian youth. Read more: News Diggers
The provisional liquidator of Zambia’s Konkola Copper Mines (KCM), Milingo Lungu, has been suspended, the country’s Official Receiver said in a statement on Thursday. Read more: Nasdaq
Government says it desires to work with investors who can help accelerate the country’s industrialisation agenda. Infrastructure, Housing and Urban Development Minister Charles Milupi says the use of scientific innovation and technology will reduce time and cost of undertaking projects. Read more: ZNBC
International Business and Finance
So far in 2022, Fitch Solutions has made many projections and released insightful commentaries about different African countries and their economies. This month alone, the leading macro intelligence solutions provider has made 6 key forecasts about Angola, Zambia, Botswana, Zimbabwe, Ethiopia, South Africa and others. Read more: Business Insider
Zimbabwean President Emmerson Mnangagwa visited President Uhuru Kenyatta at the State House in Nairobi on Wednesday March 9th, 2022. During the visit, both leaders signed some bilateral agreements that are expected to boost investments and development in both countries. Read more: Business Insider
Europe has given itself just five years to break its addiction to Russian oil and gas. European Commission President Ursula von der Leyen said Friday that EU leaders had agreed to spend the next two months drafting proposals for eliminating the bloc’s dependency on Russian energy imports by 2027. Read more: CNN
Global food challenges could worsen as a result of the Russian invasion of Ukraine, leading to shortages and higher food prices. The World Food Programme has lost access to a key source of grain from Ukraine, a major food exporter known as the “bread basket of Europe.” Agricom CEO Petro Melnyk weighs in. Read more: CNN
Capital Markets Report Sponsored By ZCCM-IH
In 69 trades recorded on Friday, 13,507 shares were transacted resulting in a turnover of K75,574. Trading activity was recorded in Copperbelt Energy Corporation, First Quantum Minerals Zambia, Chilanga Cement, PUMA, Standard Chartered Zambia, Zambia Breweries, and Zambia Sugar. The LuSE All Share Index (LASI) maintained its close at 6,672,97 points, as there were no share price movements. The market closed on a capitalization of K69,875,594,897 including Shoprite Holdings and K35,092,909,457 excluding Shoprite Holdings.