Zambia’s corporate bond market has seen a clear standout in recent months, with Izwe Loans’ MTN 22A bond, offering a 23.5% annual coupon, emerging as the best-performing corporate bond currently on the market. The three year instrument, issued in July 2024 and maturing in 2027, has outpaced similar medium-term notes from financial institutions and energy…
LUSAKA, 27 November 2025 – Zambia’s retail foreign exchange market remained stable yesterday, with only marginal differences across bank rates, according to a day-end comparison of the best USD/ZMW quotations offered to customers. ACCESS Bank Zambia and Zambia Industrial & Commercial Bank (ZICB) emerged as the most competitive institutions for customers buying US dollars, both…
Zambia Industrial Commercial Bank Delivers First Dividend Payout, Signals Rising Strength of Local Banking Sector The Zambia Industrial Commercial Bank (ZICB) has declared and paid out its first-ever dividends, totaling K9 million, marking a major milestone for the fully Zambian-owned bank. The payout was officially handed over to shareholders during a media breakfast held today…
LuSE Market Update: High-Volume Trades Lift SCBL as Chilanga Cement Leads Gainers Trading activity on the Lusaka Securities Exchange (LuSE) strengthened in today’s session, with several counters posting notable performances in volume, value, and price movements. While most securities traded flat, a few stood out as clear market movers. Top Performer (Price Gain): Chilanga Cement…
Renowned financial literacy coach and chartered accountant Memory B. Simwaba has released an insightful breakdown of Standard Chartered Bank Zambia’s proposed bonus share issuance, offering shareholders and the public a clear understanding of what the move means ahead of the bank’s Extraordinary General Meeting (EGM) set for 17 December 2025. Standard Chartered Bank Zambia has…
Lusaka, Zambia – Dot Com Zambia PLC is entering a new phase of its corporate journey as it prepares for a future Initial Public Offering (IPO), with CEO Mr. Mawano Kambeu set to take the stage to share “The Dot Com Zambia Story and The Road to IPO.” Mr. Kambeu, known for pioneering one of…
Lusaka, Zambia – Standard Chartered Bank Zambia PLC has announced a significant bonus share issue aimed at strengthening its capital base in line with the Bank of Zambia’s minimum paid-up share capital requirements. In a statement released today, the bank said it plans to increase its minimum paid-up share capital from ZMW 416,745,250 to ZMW…
Kasenengwa – Trade Kings Foundation has officially handed over a new classroom block to Chikuwe Primary School in Kasenengwa, a development aimed at improving learning facilities and increasing school retention, particularly for the girl child. The 3-by-1 classroom block was handed over in a ceremony witnessed by Bridget Kambobe, Group Public Relations Manager for Trade…
Lusaka – Konkola Copper Mines (KCM) demonstrated its ongoing commitment to sports development in Zambia yesterday, with Acting CEO Malcolm Mewett leading a delegation to Woodlands Stadium to cheer on Aguila Stars FC, a Division One football team sponsored by KCM under its corporate social responsibility (CSR) initiatives. The visit highlighted KCM’s dedication to nurturing…
Lusaka — The National Pension Scheme Authority (NAPSA) has been honoured as the Highest Contributor – Pensions and Insurance at the Zambia Revenue Authority (ZRA) Taxpayer Appreciation Day held on 21 November 2025, underscoring the institution’s growing impact on national revenue mobilization and social security strengthening. The award recognizes NAPSA’s consistent compliance, transparency, and substantial…
