Novi Insight
  • Home
    • About
  • Analysis
  • Economic Indicators
  • Financial Markets
    • African Explosives Zambia
    • Airtel Networks
    • Bata Zambia
    • British American Tobacco
    • Cavmont Bank
    • First Quantum Minerals
    • Copperbelt Energy Corp.
    • Investrust Bank
    • Lafarge Zambia
    • Madison Financial Services
    • Metal Fabricators of Zambia
    • National Breweries
    • Pamodzi Hotel
    • Prima Reinsurance
    • Puma Energy
    • Real Estate Investments Zambia
    • Standard Chartered Bank Zambia
    • Zambeef
    • Zambian Breweries
    • Zambia Sugar
    • Zambia National Commercial Bank
    • ZCCM Investment Holdings
  • Contact
  • Home
    • About
  • Analysis
  • Economic Indicators
  • Financial Markets
    • African Explosives Zambia
    • Airtel Networks
    • Bata Zambia
    • British American Tobacco
    • Cavmont Bank
    • First Quantum Minerals
    • Copperbelt Energy Corp.
    • Investrust Bank
    • Lafarge Zambia
    • Madison Financial Services
    • Metal Fabricators of Zambia
    • National Breweries
    • Pamodzi Hotel
    • Prima Reinsurance
    • Puma Energy
    • Real Estate Investments Zambia
    • Standard Chartered Bank Zambia
    • Zambeef
    • Zambian Breweries
    • Zambia Sugar
    • Zambia National Commercial Bank
    • ZCCM Investment Holdings
  • Contact
Search

Novi Weekly Wrap - March 29 Edition

29/3/2014

0 Comments

 
Finance bank brings home the bacon
Finance bank came in with a Net profit of K71m, up a whopping 39% year-over-year. Active customers have grown by 43% to over 150,000. The bank is looking go ahead with two planned IPOs on the Lusaka and the London Stock exchanges. The IPOs were mooted to go through last year so perhaps a pinch of salt but let’s wait and see. Not bad for a bank which was almost sold for a pittance to FNB of South Africa.
Inflation up inches up to 7.7%, trade surplus recorded
Inflation ticked up by 0.1% to 7.7% in March 2014. According to CSO director John Kalumbi, Northern and Muchinga province had the highest provincial contribution of 9.7% each, closely followed by Western province which contributed 9.2%. A trade surplus of K59m was achieved, down 80% from the previous month. Inflation-wise, the Northerners and Westerners once again doing their best to outdo each other!

Bank of Zambia raises policy rate
The central bank increased the policy rate by 175bp to 12% for April 2014. The country has been facing inflation and exchange rate pressures (which are linked because Zambia imports a lot of things). The Kwacha hit a low of K6.42 to the dollar this week, and then settled down to K6.25. How soon will policy tightening translate to material Kwacha gains? It certainly won't be immediate....
Zambia Breweries raises price of beer
Picture
As if inflation wasn't kicking Zambians hard enough, Zambia Breweries went on to increase the price of beer ranging from 3.6% to 19% on the recommended retail price of its clear beer (that means Mosi, Castle and Castle Lite). The company cited inflation and the government’s decision to increase excise duty on clear beer in the 2014 national budget. How elastic is the demand for beer in Zambia? We'll certainly find out the full picture when Zambia Breweries released their FY 2013 and to a lager extent 2014 earnings.


ZCCM-IH completes balance sheet restructuring
ZCCM Investment Holdings finally concluded it's much anticipated balance sheet restructuring as the government (majority owner) converted K1.83bn owed to it into equity. Last year, the company tripled its net asset value by changing the accounting method which they used to value their assets from cost to fair value. Minority shareholders have not been too impressed with the transparency of the entity’s operations but this should bring some good news to them as well.  ZCCM-IH is dual traded on the Lusaka stock exchange and the NYSE Euronext in Paris.
New Minister of Tourism announced
The president appointed Mandevu MP Jean Kapata as Minister of Tourism & Arts, taking over from the recently fired Sylvia Masebo. She was the deputy minister of Community Development and Social Services. Will Hon. Kapata be the tonic that can take a ministry that has been performing below par for far too long to new heights? Can she fire and hire the right people to get the ball rolling? Time and the 2016 elections will have a say on that...
Lusaka Stock Exchange 
The LuSE All Share Index closed Friday at 5,688.15 points down by -0.11% from yesterday's close of 5,694.33 points. Price movements were recorded in REIZ-(K0.20) and SCZ-(K0.01). Trading activity was also recorded in CEC, ZANACO, ZAMEFA and LAFARGE. A total of 11,436 shares were transacted in 12trades resulting in a turnover of K22,390. 
0 Comments



Leave a Reply.

    Picture

    Mutale M.

    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.  * * *

    Tweets by @Novi_insight

    Archives

    February 2018
    December 2016
    November 2016
    July 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014

    Categories

    All
    2015 Earnings
    2015 Elections
    2015 National Budget
    2016 Elections
    2016 National Budget
    2017 National Budget
    2019 Afcon Bid
    ACC
    AFDB
    Agriculture
    Airlines
    Airtel Networks Zambia
    Aquaculture
    Auction
    Auditor General Report
    Automobiles
    Aviation
    BaDEx
    Banking
    Bank Of Zambia
    BATA
    BATZ
    Biofuels
    Business Environment
    Cabinet
    Capital Markets
    CEC
    Cement
    Central Bank
    Clear Beer
    Coal
    Commercial Banking
    Construction
    Copper
    Country
    Credit Rating
    Currency
    Debt
    DEC
    Defense
    Derivatives
    Digital Migration
    Digital TV
    Earnings
    E-commerce
    Economic Growth
    Edible Oils
    Elections
    Emeralds
    Energy
    Equities
    Eurobond
    Exports
    Fed-tapering
    Fed-tapering
    Fibre
    Financial Services
    Financing
    Finscope
    First Quantum Minerals
    Fiscal 2014
    Fiscal 2015
    Fiscal 2016
    Fiscal Reform
    Fitch Ratings
    Football
    Foreign Aid
    Frontier Markets
    Fuel
    Futures
    FY 2014
    GDP
    Governance
    Government Expenditure
    H1 2015
    Health
    Hedging
    Hospitality
    ICT
    IDC
    IMF
    Imports
    Industrial Action
    Inflation
    Infrastructure
    Insurance
    Interest Rates
    International Women's Day
    Internet
    Investing
    INVESTRUST
    IPO
    Islamic Finance
    Kcm
    Kwacha
    LAFARGE
    Legislature
    LME Copper
    LuSE
    Manufacturing
    Markets
    Mergers And Acquisitions
    MFIN
    Microfinance
    Mining
    Mobile Banking
    Monetary Policy
    Money-transfer
    NATBREW
    Oil
    Opaque Beer
    Parliament
    Pay TV
    Policy
    Politics
    PRIMA RE
    Private-equity
    PUMA
    Rail
    Railway
    Real Estate
    Regulations
    REIZ
    Research Note
    Retail
    Rio-tinto
    RIP President Sata
    SA Rand
    SCZ
    SMEs
    South Africa
    Stadia
    Sugar
    Survey
    Tax
    Taxes
    Tbills
    T/bills
    T/bonds
    Technology
    Telecoms
    Tobacco
    Tourism
    Trade
    Transport
    US Dollar
    Venture Capital
    World Bank
    Yields
    Zamabian Breweries
    Zambeef
    Zambia
    Zambian Award
    ZAMBREW
    ZANACO
    ZRA
    ZSUG

    RSS Feed

© 2019 Novi Insight Limited. All rights reserved.
  • Home
    • About
  • Analysis
  • Economic Indicators
  • Financial Markets
    • African Explosives Zambia
    • Airtel Networks
    • Bata Zambia
    • British American Tobacco
    • Cavmont Bank
    • First Quantum Minerals
    • Copperbelt Energy Corp.
    • Investrust Bank
    • Lafarge Zambia
    • Madison Financial Services
    • Metal Fabricators of Zambia
    • National Breweries
    • Pamodzi Hotel
    • Prima Reinsurance
    • Puma Energy
    • Real Estate Investments Zambia
    • Standard Chartered Bank Zambia
    • Zambeef
    • Zambian Breweries
    • Zambia Sugar
    • Zambia National Commercial Bank
    • ZCCM Investment Holdings
  • Contact