Story of the Day:
When Arthur Hayes became a billionaire, there was no applause. There was no forbes article nor was there a loud cheer from our community. The former Investment banker with humble beginnings, and founder of the world’s biggest crypto margin trading platform, The Bitcoin Mercantile Exchange, is instead currently in hiding as he faces persecution by the US Department of Justice. Read more
Local Business and Finance Sponsored By Liquid Telecom
The Government has partnered with the Push Women Network to host the Lusaka Business Expo. The Expo is the first of its kind that aims to promote businesses ranging from Small and Medium Enterprises (SMEs) to large corporate organisations. Read more: Zambia Reports
African Union Commissioner for Economic Development, Trade, Industry and Mining Albert Muchanga says Zambia stands to benefit in several ways from depositing the instrument of ratification of African Continental Free Trade Area (AfCFTA). Read more: Zambia Daily Mail
As Zambia accelerates efforts of developing the agricultural value chain, investments in infrastructure through public private partnerships (PPPs) remains cardinal, International Institute of Tropical Agriculture (IITA) has said. Read more: Zambia Daily Mail
Ndola Central Member of Parliament, Emmanuel Mulenga has noted that Zambians have all the skills needed to respond to the country’s infrastructure projects. Mr Mulenga says through the newly embraced labour based approach, Zambians have demonstrated their capabilities to handle projects just like their foreign counterparts. Read more: Lusaka Times
International Business and Finance
Bank of America on Tuesday lifted its forecast for the US dollar’s strength against the euro. After weakening through much of 2020, several factors stand to support the greenback through the ongoing economic recovery. Detailed below are the five reasons why BofA expects the US dollar to strengthen in 2021. Read more: Business Insider
Kenya Airways (KQ) and privately held aerospace company Avianor have made history with the first-ever cabin cargo repurposing of a Boeing 787 into a so-called “preighter”. A “preighter” is a passenger aircraft that has been converted to carry cargo. Read more: CGTN
Capital Markets Report Sponsored By ZCCM-IH
In 14 trades recorded yesterday, 14,940 shares were transacted yielding a market turnover of K13,847. A share price gain of K0.04 was recorded in Real Estate Investments Zambia. Trading activity was also recorded in Airtel, FQM Zambia, PUMA, ZCCM, ZAMEFA, Zambia Sugar and ZAFFICO. The LuSE All Share Index (LASI) closed at 3,901.39 points, 0.01% up from its previous close of 3,900.87 points. The market closed on a capitalization of K57,305,780,896 including Shoprite Holdings and K23,072,009,710 excluding Shoprite Holdings.
Chart of the Day: