By GlobeNewswire, March 21, 2016, 04:38:00 AM EDT
Ericsson (NASDAQ:ERIC) has extended its partnership with Airtel Zambia, headquartered in Lusaka, Zambia, with a new contract covering the transformation of Airtel's radio access network (RAN) infrastructure in every major region of Zambia. This extended partnership will both optimize the subscriber experience and strengthen Airtel's market leadership in the country.
REIZ 2015 Net Profit Increases 953% Y/Y to K453M on Accounting Adjustment as it Mulls Offers for Majority Stake
Real Estate Investments Zambia (LuSE: REIZ) saw net profit rise by a multiple of 10 year-on-year (y/y) in 2015 to K453 million. Earnings per share came in at K8.02 (K0.75 in 2014):
Lafarge Zambia (LuSE:Lafarge) saw net profits decline by 23.9% year-on-year to K323 million in 2015. Earnings per share came in at K1.61 (K2.12 in 2014):
Cabinet recently approved engagement of the International Monetary Fund (IMF) with a view to setting up a program. The economy has been hit by shocks from a 70% depreciation of the currency versus the US dollar in 2015, a 590MW electricity deficit which started in H2 2015 and a decline in global copper prices (contribute over 70% of export earnings). This has put even more pressure on Government finances which are not only committed to major infrastructure projects but are also subsidizing a number of things in addition to forking out more Kwachas to pay interest on external debt ($6.4b as of eoy 2015).
Trying to decipher this puzzle that is Zambia by using a variety of publicly available data (structured and unstructured) in conjunction with my own skill/experience. * * *