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Please click here to access the full Market WatchLocal Market Commentary It was a quiet start to the week in Zambia amid a dearth of domestic data yesterday. Note the Bank of Zambia is set to deliver its verdict on its policy rate tomorrow, and Friday will see the release of the latest edition of...
Please click here to access the full Market Watch Local Market Commentary Sentiment towards Zambia continues to improve amid growing hopes that the Hichilema administration will be able to put the country back on a sustainable debt trajectory. Speaking on Friday, Zambia’s newly-appointed Finance Minister Situmbeko Musokotwane pledged to conclude talks with the IMF on...
Please click here to access the full Market Watch Local Market Commentary Headline inflation in Zambia slowed to 24.4% y/y in August from a near-19 year high of 24.6% y/y in the month prior. On a m/m basis, infla-tion rose to 0.4% from 0.3% in July. A breakdown of the data from ZamStats showed that...
Please click here to access the full Market Watch Local Market Commentary The CPI reading for August headlines the domestic data card. Note that headline inflation in Zambia was unchanged at its near two-decade high of 24.6% y/y in July as food price growth that has propelled the headline number over 20% this year remained...
There is no greater source of joy than to share light moments with our children. It is often said, the greatest gifts you can give your children are the roots of responsibility and the wings of independence. Because as they grow they might forget what you said, but won’t forget how you made them feel....
Good Morning from the Global Markets Desk. Please click here to access the full Market Watch Local Market Commentary 3m LME Copper continued to make back lost ground yesterday adding another 1.1% to the topside closing at $9376/tonne, this comes af-ter heavy losses last week saw the red metal take a look below the $9000/tonne mark....
Please click here to access the full Market Watch Local Market Commentary Opposition United Party For National Development (UNDP) leader Hakainde Hichilema is set to be inaugurated as the new President of the Republic of Zambia today. This follows a landslide victory at the August 12 elections. Note many investors anticipate that Hichilema, who will...
Please click here to access the full Market Watch Local Market Commentary Zambia’s Chamber of Mines on Friday reported that copper mining operations at least three open pits had been suspended following in-vasions from illegal miners. According to the Deputy CEO at the Chamber of Mines Talent Ng’andwe, the invasions, which started in July, have...
Please click here to access the full Market WatchLocal Market Commentary Zambia Chamber of Mines has indicated that if the industry can reach an agreement on royalties with President-elect Hakainde Hichilema’s new administration, copper producers are ready to start expansion projects worth $2bn in 2022. According to the Chamber of Mines, companies including First Quantum...
Please click here to access the full Market Watch Local Market Commentary In a report from the United States Department of Agriculture (USDA), Zambia is forecast to produce a record 3.6mn metric tons of corn in the 2021-22 marketing year due to favorable weather. According to the USDA, the bumper corn crop follows on Zambia’s...