Daily Newsletter

Please click here to access the full Market Watch Local Market Commentary Minister of Mines Paul Kabuswe yesterday said that Zambia needs to hold a bigger stake in new mines and that local communities should benefit more from the mineral value chains. According to Kabuswe, the Zambian government is planning to increase the state’s shareholding...

Please click here to access the full Market Watch Local Market Commentary The aggressive monetary policy tightening by major central banks triggered a significant outflow from bond markets last week as traders priced for a steep cycle of interest rate hikes as inflation across the world continues to run hot. Recall that the Federal Reserve...

Please click here to access the full Market Watch Local Market Commentary While most African currencies tracked by Bloomberg against the dollar have come under some pressure amid a plethora of headwinds ranging from the war in Ukraine, idiosyncratic challenges, and dollar liquidity challenges as global financial conditions continue to tighten, the Zambian Kwacha (ZMW)...

Please click here to access the full Market Watch Local Market Commentary The focus over the weekend remained centred on Zambia as the country edges closer to securing a much-needed program with the International Monetary Fund. China, Zambia’s single biggest creditor, has called on the International Monetary Fund to approve a $1.4bn bailout for Zambia....

Please click here to access the full Market Watch Local Market Commentary Rothschild & Co. South Africa have been hired by ZCCM Investment Holdings to undertake a strategic review of Mopani Copper Mines. The review aims to provide options that will ensure Mopani is operating optimally, and the process will be concluded within six months,...

Please click here to access the full Market Watch Local Market Commentary Finance Minister Situmbeko Musokotwane yesterday said that a deal between the IMF and Zambia at the of June is unlikely, citing a slight delay. Musokotwane, however, indicated that Zambia will on Thursday virtually attend the meeting of its creditors’ committee in Paris, where...

Please click here to access the full Market Watch Local Market Commentary Secretary to the Treasury Felix Nkulukusa yesterday indicated that a date for the first meeting of Zambia’s official creditor committee had not been set yet. Nkulukusa was quoted as saying, “we are waiting for the Paris Club secretariat to give us that information.”...

Please click here to access the full Market Watch Local Market Commentary China’s top official for Africa, Wu Peng, is headed to Zambia this week, just days after President Xi Jinping held phone talks with his counterpart President Hakainde Hichilema. Recall two weeks ago, Xi held his first conversation with Hichilema, where he hailed the...

Please click here to access the full Market Watch Local Market Commentary Given the continued lull on the Zambian data card this week, the focus was on global developments yesterday, with the European Central Bank rate decision the major highlight.  The ECB announced the end to years of ultra-loose monetary policy yesterday. More or less...

Please click here to access the full Market Watch Local Market Commentary The focus in Zambia remains on news flow amid a dearth of domestic data. Zambia is reportedly considering being the next country to take UK asylum seekers after “expressing an interest” in the Government’s Rwanda scheme. A report quoting a source familiar with...