More than 1,000 SMEs enter Nyamuka Zambia business competition
MORE than 1,000 Small Medium Enterprises (SMEs) have registered their business ideas in the Nyamuka-Zambia business plan competition. The ZANACO-sponsored Nyamuka Zambia is one of four components under the Private Enterprise Programme Zambia (PEPZ), funded by the United Kingdom's Department for International Development (DFID). (Read more)
Madison Financial Services (LUSE: MFIN) reported a 20% year-on-year increase in net profit to K36 million in financial year (FY) 2014. Earnings per Share (EPS) came in at K0.66 (K0.52 in 2013):
In a year when lending rates have been as high as 28 percent, Madison Financial services (MFS) has positioned itself to start tapping cheaper capital by listing on the Lusaka Stock Exchange. MFS will become the 23rd listed entity on the Lusaka Stock Exchange (LuSE) after they closed their Initial Public Offering last Friday. They also become the 3rd LuSE-listed domestic company with a presence outside of Zambia. The LuSE is up over 15 percent year-to-date despite an economically shaky first half of the year, making it a relatively attractive time to launch an IPO.
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. * * *