Brexit could have just opened opportunities for skilled immigrants globally. One of the fears that British company’s face is having the right skilled resources in light of the divorce to be concluded in 4 months. Theresa May has confirmed that Britain’s post-Brexit immigration system will enable businesses to bring in high-skilled workers from the rest of the world, but firms should also do more to train up young British people. Immigration was a major issue in the 2016 vote to leave the European Union and May has promised to end the free movement of EU citizens to live in Britain.…
Author: The Editor
With barely 4 months to exiting the European Union – EU, UK entities are gearing up for other markets ex EU. Theresa May, British Prime Minister is faced with a stark situation with immense opposition in parliament as she tries to sell a divorce deal that will see Britain transition out of the EU in March 2019. Various scenarios have been reviewed by Bank of England and the Financial Conduct Authority – FCA. One group that is preparing to tap the curve of opportunity to hedge the impact of Brexit is Britain’s development finance agency CDC Group. CDC plans to…
London’s IHS Markit is set to release its November purchasing managers index (PMI) readings for African nations next week. With easing cost push inflationary effects for Africa’s copper producer Zambia, expectations are that private sector pulse will detente as a result of currency stability in the month. This will hopefully moderate manufacturing costs for corporates. Zambia however, still grapples with a higher fuel price costs that transmitted to selling prices. This was an autopsy of the upsurge in crude prices in September when ICE Brent rose to $80/bbl. The energy regulator adjusted pump prices 16.8% – 21% higher in response…
‘Let it roar proudly because it represents the very essence of heritage. It represents the spirit that must roar straight into the heart of every single driver who tames the key of the Isuzu ‘D-MAX’ and feels themselves being forwarded into a future, a future that will be welcomed with both arms by future driver’s generations to come. Drivers, some of them who are not yet born we celebrate today – Isuzu D-MAX!’ Gcina Mhlope Africa’s story teller exclaimed at the D-MAX launch in Mpumalanga. JOHANNESBURG – Isuzu Motors South Africa just refreshed its bakkie range, giving it a new…
Africa’s copper, coffee and oil producing nations of Zambia, Kenya and Angola have been names as the most vulnerable to forfeiting control of assets due to rising Chinese debt, Moody’s rating agency has reported. Ethiopia and Republic of Congo, face significant risk of having to hand over control of major ports, railways, and other investment projects to China, a threat to their credit ratings as well as their sovereignty. China’s one belt, one road (OBOR) project All are heavily invested in China’s One Belt, One Road (OBOR) project, otherwise known as the Belt and Road Initiative (BRI), which is designed…
LUSAKA -The Independence Rugby Challenge Tournament co-sponsored by the Zambia Air Force (ZAF) and Atlas Mara was a success by all standards save a few hiccups here and there. This include: inadequate availability of food and drinks for the fans and the lack of a VIP section bar. However the technical aspects of the games, tournament format and flow was seemingly flawless according to reviews by several respected rugby bloggers, writers and critics alike. Zambia Air Force who are the sponsors of Red Arrows rugby club have acknowledged the massive contribution that their sponsorship partner Atlas Mara made towards the tournament.…
Infinitesimal trading activity ebbed the LuSE listed mining investment vehicle ZCCM-IH (ISIN:ZM0000000037) scrip 24% lower. The mining stocks yesterday (27 Nov.) plummeted to K28 from K38.5 per share as holders sold minimal quantities in yesterday’s trading. ‘This was a mere price discovery correction in pricing rather than an actual market event or information pricing, following inactivity in the mining stock. It is more of a true test of market illiquidity that would move an entire market from a market capitalization point of view using the new price levels of K28 per share. Only about 100 shares were sold offshore and…
One of Africa’s young billionaires, Ashish Thakkar, unveiled the Maraphone, a made in Africa full scale smartphone. This was at the recently ended Africa Investment Forum held in Johannesburg, South Africa. Mara Corporation founder Thakkar has this as a closing present for the AIF. “China has Huawei, Xiaomi; the U.S has iPhone and finally Africa has Maraphone. This project will show the potential and ability that Africa can produce high quality and affordable smartphones in Africa, by Africans, for Africans and for the rest of the world” Thakkar said. Africa—first 100% made-in-Africa smartphone—“Africa’s time is now,” @AshishJThakkar—Mara Group’s first manufacturing…
Africa’s second largest copper producer, Zambia, is said to list state owned entities beginning 2019 in a quest to improve operational efficiency. According to the 2019 budget presentation, The MinFin advised that the Southern African nation would have an insurance and forestry SOEs make debuts on the local bourse. For decades SOE’s have been cost drivers of state limited resources. The state has frequently had to capitalize in vain with low to negative ROIs and zero dividends paid out. The government came to realization, especially in economic hardship times, that it makes no business sense to be shareholder in loss…
“So great that oil prices are falling (thank you President T), Trump tweeted, referring to himself. “Oil prices are getting lower…. Thank you Saudi Arabia but let’s go lower,” Trump tweeted last week. They are called the three musketeers. Donald Trump (US President), Vladimir Putin (Russian President) and Mohammed Bin Salman (Saudi Arabia’s Crown Prince) are running the crude markets globally. The US President feels oil is overpriced and as such has influenced the record pumping of the sweet grade commodity thereby suppressing its prices over 30% this year. His tweets about his intentions to slap more tariffs on China…