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

zambia weekly wrap - may 31 edition

31/5/2015

0 Comments

 
ZESCO to cut as much as 600 MW of power as a consequence of low water levels at dams

Zambia will probably cut power generation by more than a quarter as poor rainfall causes dam levels to drop in Africa’s second-biggest copper producer, Mines, Energy and Water Development Deputy Minister Charles Zulu said. The country may reduce power supply by as much as 600 megawatts from about 2,200 megawatts, he said Tuesday by phone.  (Read more)

Picture
94% of the 2,398 MW of power generated in Zambia is hydropower. It is clean, efficient and perfect for any country with Zambia’s water assets (albeit Capital Expenditure-heavy). However, with heavy reliance on hydropower, electricity output is susceptible to erratic rainfall patterns which are being affected by effects of climate change. It also does not help that Zambia has one of the highest deforestation rates in the world which is primarily caused by demand for charcoal.

There are about 1,837 MW worth of new projects (64% of which is hydro) underway set for commissioning/completion at various points between now and 2019. At that point, 84% of electricity generation will be from hydro – still leaving the country vulnerable to aforementioned risks. Solar energy is a no-brainer – it has been talked about but policy and incentive-wise, not a lot of action has gone that route.

Climate change and deforestation have also been talked about but suffer the same lack of concrete action as solar energy. The Government needs to be more vibrant on these issues in terms of concrete policies and incentives because that is the only way that the private sector will be motivated enough to invest in these areas. Increased private sector interest will lead to diversification of electricity generation mix as well as better solutions for curbing deforestation.

Inflation drops to 20-month low as trade deficit widens

Dangote Zambia begins operations Ndola cement plant

THE US$400 million Dangote cement factory in Masaiti has commenced operations following the completion of construction early this year. (Read more)

A 50kg Dangote cement bag currently costs K61 – K63 depending on type where as a Lafarge cement bag costs K64 – K66 depending on type. Lafarge cement bags were recently as high as K78 per. This will be a huge boost to the construction sector in Zambia which is plagued by high cost inputs. Oriental Quarries and Zambezi Portland Cement (once their legal issues are sorted out) will also add healthy competition to the sector which has been dominated by Lafarge Zambia for decades.

PEPZ set to launch Zambian SME database

BIG business will be able to increase local content in their supply chains with the help of a new database being developed by the Private Enterprise Program-Zambia (PEPZ) in partnership with the Zambia Association of Manufacturers (ZAM) and the Zambia Chamber of Mines. Small and Medium Enterprises (SMEs) can gain access to new markets and demonstrate their capabilities to larger customers under the initiative. (Read more)

AGCO opens first future farm in Chongwe

AGCO AGCO, -1.53%a worldwide manufacturer and distributor of agricultural equipment, today held an official opening ceremony of its Future Farm and Learning Center near Lusaka, Zambia. “We are very pleased to announce the grand opening of our first Future Farm in Africa,” said Rob Smith, AGCO Senior Vice President and General Manager for Europe, Africa and Middle East. (Read more)

Sweden resumes financial support to Zambia’s health sector

THE SWEDISH government has revived its funding to Zambia’s health sector by pumping in 400 million Swedish Kroners (SEK), which amounts to about US$47,3 million meant for improving the Zambian health sector. Zambia’s Deputy Ambassador to Sweden, Anthony Mukwita announced the development in a statement sent to Mwebantu New Media in Lusaka. Mr. Mukwita says funds money must be directed towards projects that will reduce the number or deaths among babies and mothers, including tackling other reproductive health challenges. (Read more)

 Government set to introduce age limits on imported vehicles

Government is in the process of introducing a maximum age limit for second-hand vehicles imported into the country to regulate the influx of old vehicles. Minister of Transport, Works, Supply and Communications Richwell Siamunene said the legislation, which will put an age limit to the vehicles entering the country, has since reached an advanced stage. (Read more)

Finance Minister Alexander Chikwanda elected as chairman of AFDB board

Finance Minister Alexander Chikwanda has assumed the leadership of the ADB Board of Governors as its Chairperson for the period 2015/2016. In addition, Zambia has been confirmed as the host of the 2016 Annual Meeting of the ADB to be held in Lusaka in May, 2016. Mr. Chikwanda assumed the position at the Bank Group’s 50th Annual Meeting in Abidjan, Côte d’Ivoire. (Read more)

Key Data

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