ZESCO Makes Their Case for November 2015 Electricity Tariff Hike
The Energy Regulation Board (ERB) has received an application from ZESCO to increase electricity tariffs for its various customer categories (excluding mining, high and low voltage export customer categories) for the year 2015. In its application, ZESCO proposed to increase electricity tariffs for retail customers (Residential, Services, Commercial and Maximum demand).
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Madison Financial Services (LuSE: MFIN) saw net profits rise by 147% year-on-year to K12.1 million. Earnings per share came in at K0.24 (H1 2014: K0.10):
Prima Reinsurance Plc (LUSE: PRIMA RE) reported a 39% year-on-year decline in net profit to K1.9 million in financial year (FY) 2014. Earnings per Share (EPS) came in at K0.06 (K0.23 in 2013):
Investrust Bank Plc. (LUSE: INVESTRUST) reported a K6.4 million net loss in financial year (FY) 2014, more than doubling the loss sustained by the Group in FY 2013 (K2.8 M):
Standard Chartered Bank Zambia Plc. (LUSE: SCZ) reported a 3% year-on-year increase in net profit to K244 million in financial year (FY) 2014. Earnings per Share (EPS) came in at K0.146 (K0.142 in 2013):
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):
Zambia National Commercial Bank (LUSE: ZANACO) reported a 23% year-on-year decrease in net profit to K143 million in financial year (FY) 2014. Earnings per Share (EPS) came in at K0.017 (K0.02 in 2013):
Zamtel signs $18.3m deal with NEC Corp. to boost mobile coverage and capacity
The deal includes the supply, delivery, installation, testing and commissioning of Japan-based NEC’s microwave transmission network equipment. The investment will improve Zamtel’s network infrastructure by modernising its digital microwave transmission backbone – which will help support Long Term Evolution (LTE) roll out. The project will be completed within 12
ZANACO launches "loan-a-cow" product
Zambia National Commercial Bank (ZANACO) launched the “loan-a-cow” scheme – the first of its kind in Zambia. Through the scheme, smallholder farmers will be able to acquire cow-loans at an interest rate of 16 percent from ZANACO through their respective cooperatives. The farmer then services the loan through revenues from milk produced from his/her cow which is purchased by milk processors Parmalat/Zam Milk. The processor pays a percentage of the full amount they are supposed to pay the farmer to ZANACO i.e. interest payment. If a farmer can consistently produce 30 litres of milk per day, the loan can be repaid in 3 years.
CAF inspectors in town to assess Zambia’s 2019 AFCON bid
Inspectors from the Confederation of African Football (CAF) are in town from the 9th to the 15th of August in order to assess Zambia’s bid to host the African Cup of Nations (AFCON) in 2019. The inspectors will be visiting various stadia, training facilities and accommodations in Lusaka, Ndola, Kitwe, Chingola, Chililabombwe and Livingstone. Zambia is one of five bidders looking to bring home the 2019 AFCON - Guinea, Ivory Coast, Algeria and Cameroon (DRC withdrew their bid). The CAF executive will decide on the hosts for 2019 as well as 2021 in September 2014 at a meeting in Cairo.
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. * * *