With maturities pushing liquidity over one and half yards (K1.5 billion) into Thursday 07 November, K950 million treasury bill sale, the Bank of Zambia successfully managed to raise K1,140 million. This is the fifth t-bill oversubscription of the year of 23 short term debt sales. With appetite of about one and half yards (K1.47 billion) the central bank was able to absorb K1.14 billion in bids representing a performance 20% above it’s quota (120% oversubscription) with 85% housed in the 9 month to 1 year yielding 26.999% and 28.501% respectively. Yields were unchanged across the spectrum. The central bank is…
Author: The Editor
Zambia’s leading private airline Proflight Zambia on 05 November not only proved their commitment to being the preferred airline in Africa’s red metal hotspot but showed how committed they are in championing the wildlife and tourism agenda when it facilitated the airlifting of Olimba M’tima orphaned elephant. Proflight Zambia, Game Rangers International (GRI) and National Wildlife Authority (NWA) in a joint operation helped save an orphaned elephant whose name in Nyanja means ‘strong hearted’ to safety in the Lilayi Elephant Nursery from Mfuwe (one of Zambia’s elite tourist hotspots located in the eastern part of the country). Olimba M’tima was…
Energy transmission in the Copperbelt of Africa. Zambia grapples with energy poverty which it intends to plug with imports from SA.
Indo Zambia Bank Ltd on Cairo road, an indigenous bank that has made a debut in the top 5 earnings curve.
The Bank of Zambia (BOZ) on Cairo road in Lusaka the capital.
Zanaco Bank PLC Head Office in Cairo road Lusaka.
With private sector pulse numbers for African nations due on Monday 04 November, Zambia’s factory readings for October are expected to slide deeper in contraction. Last printed at 48 in September, Africas red metal hotspot is forecast to print PMI at between 46-47. This forecast is exacerbated by rising risks to inflation weighed by energy poverty the copper producer faces which is elevating the cost environment for manufacturing. Zambia has been in the doldrums for 12 months in a row weighed by high fuel costs, lack of liquidity, weak aggregate demand and lack of orders. Purchasing Managers Index (PMI) is…
Barclays Bank Zambia at Elunda round about in Lusaka the capital.
Consumer price index in Africa’s red metal hotspot Zambia, ebbed 20bps to 10.7% for the month of October. This was announced by the Zambia Statistics Agency Central (ZSA) in the capital Lusaka. Drivers of the October headline readings was an uptick in food prices. The ZSA publication reported an increase in annual food inflation rate of 13.3% from 12.4% representing a 0.9% move upwards while annual non food inflation eased 0.5% to 7.8% compared to September’s 8.3%. Zambia’s trade deficit for September widened 61.7% to K730.7 million from K451.9 million in August in nominal terms. Risks to inflation remain high…
Stanbic Bank Zambia Head Office on Addis Ababa Drive.