Zambia

  • 6 members
  • 234 views
  • 3 votes
  • More

Welcome!

This is your virtual country space to connect, engage, learn and explore everything that is important to help you grow your business beyond borders. Your views are important! Share a post, participate in discussions, and speak-up in our polls - tell us about the tools, resources and connections that will help you.

·
Added a post to , Zambia

Patricia Inonge M., Copenhagen, Wednesday, 19 July 2024 — According to Grandview Research, the global jewellery market, currently valued at over $350 billion, is projected to grow at a compounded annual growth rate of 4.7%, reaching $482 billion by 2030. For Zambia, a key supplier of gemstones for jewellery manufacturing, the biggest challenge and opportunity lie in adding value locally to benefit from this growth. The resilience and promise of the global jewellery industry are evident across various economic conditions. A 2014 McKinsey report predicted significant growth for the sector, with annual global jewellery sales reaching €250 billion by 2020. In response, Indian jewellers crafted a comprehensive export strategy in 2017, aiming to achieve $60 billion in jewellery exports within five years. This strategy, driven by both private and public sectors, can serve as a valuable case study for Zambia.

·
Added a post to , Zambia

Yesterday, the LuSE participated at a round table meeting facilitated by the Millenium Project Completion Agency Zambia (MPCA- Zambia), on behalf of the Zambian Government, in collaboration with the Millenium Challenge Corporation (MCC). The meeting was aimed at discussing the catalytic role of a commodity exchange in bringing about agricultural sector transformation in Zambia.

The LuSE made a submission on Commodity Exchange and Warehouse Receipts – Perceptions and Opportunities. Making the submission the LuSE CEO, Mr. Nicholas Kabaso, highlighted that creating a functional and trusted commodities exchange was a game changer for Zambia. He indicated that it would assist reduce uncertainty for farmers and increase efficiency in agricultural markets for either spot or derivative markets. He further submitted that an efficient commodity trading platform has huge potential of reducing post-harvest losses, estimated within the region at 15-20% to a storage loss of about 1%, which may anchor prospects of contributing significantly to increased volumes towards food security or export markets.

He also emphasised the need for ZAMACE and LuSE to work closely together as a way of unlocking the potential of the warehouse receipts (WRS). He indicated that the LuSE has adequate system infrastructure as well as trading platforms that would enable Zambia take off commodity trading in a manner that will encourage increased participation as well as unlock further opportunities on the futures market.

·
Added a post to , Zambia

Lusaka Securities Exchange Signs MOU with TRIZET Energy to Support Zambia's Energy Demands

In a significant development, the Lusaka Securities Exchange (LuSE) has signed a Memorandum of Understanding (MOU) with TRIZET Energy Zambia Limited, a leading player in technology distribution rights for Africa. The MOU aims to support Zambia's quest to meet its energy demands by utilizing the LuSE platform for capital raising.

TRIZET Energy holds exclusive agency and distribution rights for Africa deployment of the FITS Hydrokinetic Power Plant, a recent UK-patented invention that harnesses the linear flow of a small selection of a river to generate baseload power. This innovative technology has already been successfully deployed to deliver power to a rural community.

The partnership between LuSE and TRIZET Energy will encourage and expose multiple Independent Power Producers (IPPs) to raise capital on the market via listing on the Alternative Market. This will provide a significant boost to Zambia's energy sector, which has been facing challenges in meeting the country's growing energy demands.

The LuSE is committed to providing support to TRIZET Energy as they work together to drive sustainable solutions for the energy challenges facing Zambia. This partnership sets the stage for a new era of innovation and progress in the country's energy landscape.

Key Highlights of the Partnership:

- TRIZET Energy will utilize the LuSE platform to raise capital for its energy projects

- Multiple IPPs will be encouraged to list on the Alternative Market to raise capital

- The partnership will support Zambia's quest to meet its energy demands

- The LuSE will provide support to TRIZET Energy to drive sustainable solutions for the energy challenges facing Zambia

This partnership is a significant step forward for Zambia's energy sector, and it demonstrates the country's commitment to harnessing innovative technologies to meet its energy challenges. The LuSE and TRIZET Energy are poised to play a key role in driving sustainable solutions for the energy challenges facing Zambia, and this partnership is expected to have a positive impact on the country's energy landscape.

·
Added a post to , Zambia

LuSE submits 2025 Budget Proposals to Ministry of Finance

On the 28th of June, the Lusaka Securities Exchange (LuSE) represented by our CEO Mr. Nicholas Kabaso , submitted proposals for the 2025 National Budget, hosted by the Ministry of Finance and National Planning.

In his presentation, Mr. Kabaso acknowledged the critical role LuSE plays in the wider economy as outlined in the ten-year Capital Markets Master Plan (CMMP) which was launched by the Minister of Finance, Honourable Situmbeko Musokotwane last year.

The LuSE proposed that in order to increase the participation of citizens on the market, retain profits in the country and encourage capital raising via equity, Government needs to compel companies to list on the LuSE. This can be achieved by: Non-Tax Incentives (Policy), such as bringing some State Owed Enterprises under IDC to list on the market; and Tax Incentives, that includes providing further discounts on Corporate Tax for companies that are listed on the LuSE.

The Lusaka Securities Exchange firmly believes its position to provide government, institutions and the local citizenry an opportunity to contribute to the economic growth of the country.

·
Added a post to , Zambia

BANK OF ZAMBIA TAKES BOLD STEPS TO COMBAT DOLLARISATION

Clarence Chongo, LUSAKA, WEDNESDAY, 3 JULY 2024 — In a move that signals a significant shift in Zambia's monetary policy, the Bank of Zambia has unveiled draft Currency Regulations for 2024. Presented on June 28, 2024, at the Zambia International Trade Fair, these regulations aim to reinforce the Kwacha as the sole legal tender for domestic transactions, addressing growing concerns about the creeping dollarisation of the Zambian economy.

·
Added a post to , Zambia

GOVERNMENT has cancelled the mining licence for Mwembeshi Resources Limited for its proposed large-scale mining project in the Lower Zambezi National Park.

Mwembeshi Resources Limited’s decision to mine in the national park caused uproar among environmental conservationists, who were worried about the extensive damage the mining operations could cause to the environment and wildlife.

Last year, Zambia Environmental Management Agency (ZEMA) cancelled the permission it had granted the mining company to begin mining operations in the national park, citing violation of a number of environmental conditions.

However, on Monday, the Ministry of Mines and Minerals Development, through its Cadastre Department, cancelled mining and non-mining rights for more than 2,600 companies, among them Mwembeshi Resources Limited.

·
Added a post to , Zambia

Join me in exploring Zambia's AfCFTA strategy to catalyze gender inclusion and youth empowerment. The strategy emphasizes empowering women and youth through gender-sensitive trade measures, finance access, and sectoral support. It's one of the few strategies drafted by SADC Secretariat Member States. Zambia must now align this with the Protocol on Women and Youth protocol to ensure that the protocol is operationalised. Let's collaborate for inclusive trade opportunities for women and youth under AfCFTA

·
Added a post to , Zambia

REIZ Plc completes US$65mn acquisition of Zambia malls

Real Estate Investments Zambia (REIZ) Plc, the sole real estate company listed on the Lusaka Securities Exchange (LuSE), has announced the acquisition of three shopping malls for a sum total of US$65mn. The deal is part of a corporate restructure which aims to create Zambia's first real estate investment trust (REIT).

·
Added a post to , Zambia

Let me know if you need any help regarding transport, logistics and Fertilizer trading in Zambia.

  • 1

Welcome to the Zambia Country Space on JamiiTrade, where you can connect with fellow entrepreneurs or companies from across Africa who are interested in doing business with Zambian entrepreneurs.

You are also able to explore practical how-to information and useful tips (Insights) for entrepreneurs, start-ups and SMEs on doing business in the country. Whether it is how to register a company or getting your products ready for export, we aim to provide you with all the information at your fingertips (or help find the answers for you if we don't).

Become an active community member by connecting with fellow country Jamii-ers, sharing your own experiences to help others learn, participating in discussions or starting a new one. Your views are important in helping us make this country space relevant to you.

  • 1