2021 November

Please click here to access the full Market Watch Local Market Commentary News vendors are focused strongly on how the world reacts to the new Omicron COVID-19 variant. Cross border travel is going to become almost impossible and tourism is undoubtedly going to take a massive blow as a result of countries across the globe...

Please click here to access the full Market Watch Local Market Commentary There is palatable anger across the Southern African region as a result of many countries response to the Omicron variant of the COVID-19 virus being identified in the region. The UK started the ball rolling by banning flights and placing South Africa, Namibia,...

Please click here to access the full Market Watch Local Market Commentary Headline inflation in Zambia slowed further in November, coming in at a one-year low of 19.3% y/y from 21.1% y/y in the month prior. On a m/m basis, consumer prices climbed 0.6%. A breakdown of the data shows that food price inflation, a...

Please click here to access the full Market Watch Local Market Commentary The Bank of Zambia (BoZ) yesterday raised its key lending rate by 50bps to 9.0% to help bring down stubbornly high inflation, with consumer prices only seen as falling back within the bank’s target range in 2023. BoZ Governor Denny Kalyalya said that...

Please click here to access the full Market Watch Local Market Commentary The Bank of Zambia (BoZ) is set to decide on its policy rate today, with Governor Denny Kalyalya chairing his first MPC meeting since being reappointed governor of the BoZ. Last year, he was unexpectedly fired by former President Edgar Lungu, raising questions...

Please click here to access the full Market Watch Local Market Commentary Data from the Chamber of mines showed that copper production fell to 593,500 metric tons in the nine months through September 30, from 623,815 tons in the same period last year. While production fell, the industry is optimistic that the new changes to...

Please click here to access the full Market Watch Local Market Commentary Zambian Eurobonds have staged a meaningful recovery in recent months amid hopes that the new government led by President Hakainde Hichilema will deliver the much-needed structural reforms to reignite growth and rein in the country’s ballooning debt pile. While the Hichilema administration has...

Please click here to access the full Market Watch Local Market Commentary To improve the manufacturing sector, President Hakainde Hichilema yesterday called for the promotion of local products. Speaking at a Zambia Association of Manufacturers (ZAM) conference, the President said that the importance of the manufacturing sector to the government’s economic transformation agenda could not...

Please click here to access the full Market Watch Local Market Commentary To position the country as a preferred investment destination to the business community, Zambia is seeking to introduce a one business li-cense policy. Minister of Commerce, Trade, and Industry Chipoka Mulenga yesterday said that the ministry is considering reducing the number of licences...

Please click here to access the full Market Watch Local Market Commentary China’s Ambassador to Zambia was on the wires saying that Zambia’s anticipated economic recovery means it is essential that the country’s government initiates negotiations with Chinese creditors.  The Ambassador further said that “we are going to work earnestly and cordially with the Zambian...