2022 February

Please click here to access the full Market Watch Local Market Commentary Headline inflation in Zambia slowed further in February, coming in at 14.2% y/y from 15.1% y/y in January. This was the seventh straight month that inflation slowed as the cost of meat and school fees eased. On a month-on-month basis, prices climbed 1.7%....

Please click here to access the full Market Watch Local Market Commentary Zambian CPI and trade balance data are due today. The Bank of Zambia, earlier last week, kept its policy rate unchanged at 9.0%, citing a “sharp deceleration in inflation since December and some fragility in growth. While inflation is forecast to trend towards...

Please click here to access the full Market Watch Local Market Commentary A Zambian firm has begun producing fuel from used tyres and plastic containers using technology that could hold the key to slash the country’s energy import bill while cleaning up its trash. The project by Zambia’s Central African Renewable Energy Corp. currently processes...

Please click here to access the full Market Watch Local Market Commentary While the domestic data card remains quiet today, it is worth noting that CPI and trade data are scheduled for later on in the week. The Bank of Zambia, earlier this week, kept its policy rate unchanged at 9.0%, citing a “sharp deceleration...

Please click here to access the full Market Watch Local Market Commentary Some more news for Zambian bulls to cheers about broke over the weekend. On Friday evening, S&P raised Zambia’s longer-term local currency sovereign credit rating to CCC+ from CCC. Meanwhile, the short-term local currency rating was affirmed at C. S&P said in its...

Please click here to access the full Market Watch Local Market Commentary It is a quiet end to the week in Zambia with no data on the cards. Next week will see ZamStats publish the February CPI data. The Bank of Zambia, earlier this week, kept its policy rate unchanged at 9.0%, citing a “sharp...

Please click here to access the full Market Watch Local Market Commentary The Bank of Zambia yesterday kept its benchmark interest rate unchanged at 9.0% to further support the economy after inflation slowed to a two-year low. According to Governor Denny Kalyalya, the decision to hold was supported by a “sharp decline in inflation since...

Please click here to access the full Market Watch Local Market Commentary Central bank policymakers are set to meet for the first time this year to decide on the policy rate today. Policymakers are likely to vote to keep the policy rate unchanged after inflation slowed to an almost two-year low in January. Policymakers may...

Please click here to access the full Market Watch Local Market Commentary After recording its best annual performance since 2005 last year on the back of improved FX reserve levels, buoyant copper prices, and optimism over the August election victory of Hakainde Hichilema, the ZMW has come under notable selling pressure at the start of...

Please click here to access the full Market WatchLocal Market Commentary Minister of Commerce, Trade and Industry Chipoka Mulenga has noted that the government intends to reduce the number of licences needed when registering a company. According to Mulenga, the bureaucracy involved in registering a company has been a major deterrent to most foreign companies...