Story of the Day:
The World Wide Fund for Nature (WWF) and Anheuser-Busch InBEV through its local subsidiary company Zambian Breweries Plc in partnership with the Ministry of Water Development and Sanitation and Environmental Protection officially launched their Strategic Investments Pathways Report on Wednesday 14th April 2021, this report is based on a case study which was carried out on the Zambezi River Basin. Read more
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One of Zambia’s top copper miners – Lubambe Copper Mines has appointed a new Managing Director. The Board of Directors for Lubambe Copper Mine has appointed Tim Duffy as the new Chief Executive Officer and Managing Director for Lubambe Copper Mine effective April 1, 2021. Read more: Zambian Business Times
The World Bank has called for the need to tailor financial products and services to the women led Small and Medium Enterprises (SMEs) (W-SME) appropriately. According to the survey report dubbed ‘Access to Finance and Capacity Building of Women-led Small and Medium Enterprises in Zambia’ there is significant potential for W-SME lending, with an estimated market size of K2.2 billion for W-SME loans. Read more: Zambian Business Times
The European Union (EU) and Organisation of African, Caribbean and Pacific States (OACPS) have concluded a partnership agreement to strengthen bilateral relations with its members, including Zambia. The agreement will succeed the Cotonou Agreement and sets the scene for alliance building and more coordinated actions on the world stage. Read more: Zambia Daily Mail
The National Savings and Credit Bank (NATSAVE) has been engaged to set up and manage a K1 billion revolving fund on behalf of the National Housing Empowerment Fund (NHEF) as the real estate firm looks to empower the public with affordable housing and land. Read more: Zambia Daily Mail
International Business and Finance
The Bank of England and the Treasury have announced they are setting up a taskforce to explore the possibility of a central bank digital currency. The aim is to look at the risks and opportunities involved in creating a new kind of digital money. Read more: BBC News
Global carbon dioxide emissions are set to surge dangerously this year as the global economy undergoes a huge recovery. In a new report, the International Energy Agency estimates that carbon emissions from energy use are on track to spike by 1.5 billion tonnes in 2021, as heavy coal consumption in Asia, and in China in particular, outweighs rapid growth in renewable sources. Read more: CNN
IBM shares rose up to 4% in extended trading on Monday after the enterprise technology and services maker reported first-quarter earnings that came in better than analysts had expected. Revenue grew by 0.9% on an annualized basis in the quarter, compared with a 6% decrease in the prior quarter. Read more: CNBC
Wall Street is warming up to the idea that the next big disruptive force on the horizon is central bank digital currencies, even though the Federal Reserve likely remains a few years away from developing its own. Read more: CNBC
Capital Markets Report Sponsored By ZCCM-IH
In 43 trades recorded yesterday, 10,825 shares were transacted resulting in a turnover of K35,600. Share price gains were recorded in AEL Zambia of K3.70 and in Copperbelt Energy Corporation of K0.22. Trading activity was also recorded in Zanaco. The LuSE All Share Index (LASI) closed at 4,050.57 points, down 0.04% from its previous close of 4,052.29 points. The market closed on a capitalization of K57,975,092,793 including Shoprite Holdings and K23,730,452,019 excluding Shoprite Holdings.
Chart of the Day:
