Financial Insight Zambia

🚨#FiZ_QuickTake 🚨 Ms. Mpeza Mbewe, Head of Marketing and Public Relations at Liquid Intelligent Technologies Zambia, discusses the transformative power of storytelling in personal growth in her #QuickTake. 🚨Watch the full episode on our YouTube channel or via the link in the COMMENTS. Don't forget to LIKE & SUBSCRIBE! #StoryTelling #SalesAndMarketing #PersonalBranding #FinancialInsight #Get2Know

PRESS RELEASE! Energy Regulation Board Fire Investigation involving a House in Libala South The Energy Regulation Board (ERB) instituted investigations into a fire incident that was reported in a social media clip and circulated on Sunday, 15th September 2024. The report indicated that a residential property in the Libala South area of Lusaka, had caught fire due to wrongful installation of solar panels. In response, the ERB constituted a technical team to conduct preliminary investigations into the incident. It has since been revealed that the fire occurred on Wednesday, IIth September 2024 at approximately 12:00 hours. The suspected cause of the fire was an external ignition whilst the homeowner and his family had left for work as per their normal routine. Further, initial investigations revealed that the property in question did not have solar panels installed as purported in the social media clip circulated. Additionally, at the time of the fire, the area in which the property is situated was experiencing load shedding indicating that the property was not connected to the national grid. These initial findings suggest that electrical factors are unlikely to have caused the fire. The ERB urges the public to await the full investigation report from the relevant authorities mandated to investigate fire incidents. In light of this unfortunate incident, the ERB wishes to caution the public about, dangers of unsupervised backyard fires, especially during load-shedding periods where electrical systems are inactive but flammable materials remain susceptible to external fire sources. Additionally, the public is advised to engage only qualified and licensed contractors in installing solar systems. This will help prevent potential risks associated with substandard installations. In the event of electrical safety concerns, members of the public should contact the ERB on the Toll- Free Line 8484 or email erb@erb.org.zm. Namukolo Kasumpa (Mrs.) Manager - Public Relations ENERGY REGULATION BOARD Issued: Thursday, 19th September 2024 #EnergyCrisis #EnergyInvestigations #FinancialInsight #Get2know

🚨#FiZ_QuickTake 🚨 Mr. Mutisunge Zulu, Chief Risk Officer at Zambia National Commercial Bank (Zanaco) PLC, shares his #QuickTake on off-the-grid living by embracing solar energy to empower your home, at the Energy Forum For Africa - EFFA. 🚨Watch the full episode on our YouTube channel or via the link in the COMMENTS. Don't forget to LIKE & SUBSCRIBE. #EFFA2024 #EnergyCrisis #AssetFinance #FinancialInnovation #FinancialInsight #Get2Know

🚨#FiZ_QuickTake 🚨 Mr. Muyangwa Muyangwa, Director General of THE NATIONAL PENSION SCHEME AUTHORITY - NAPSA, shares his #QuickTake on promising renewable energy projects on the horizon at the Energy Forum For Africa - EFFA. 🚨Watch the full episode on our YouTube channel via the link in the COMMENTS. Don't forget to LIKE & SUBSCRIBE. #EFFA2024 #RenewableEnergy #ProjectFinance #FinancialInsight #Get2Know

🚨#FiZ_QuickTake 🚨 Ms. Mpeza Mbewe, Head of Marketing and Public Relations at Liquid Intelligent Technologies Zambia, shares her #QuickTake on understanding customer triggers to drive sales success. 🚨Watch the full episode on our YouTube channel or via the link in the COMMENTS. Don't forget to LIKE & SUBSCRIBE! #MarketResearch #SalesAndMarketing #Telecomunication #FinancialInsight #Get2Know

JOINT PRESS RELEASE! CELEBRATING 60 YEARS OF BILATERAL GERMAN- ZAMBIAN RELATIONS, GERMANY PLEDGES € 108 MILLION (K 3.14 BILLION) TO ZAMBIA'S DEVELOPMENT AGENDA AND DROUGHT RESPONSE Lusaka, Zambia - September 18, 2024 - The German and Zambian governments have further strengthened their 60-year partnership following the successful conclusion of bilateral talks on development cooperation, held in Lusaka on September 17th, 2024. This round of negotiations culminated in new commitments from the German Government of € 108 million (K 3.14 billion) to bolster Zambia's development agenda over the next two years. This pledge includes € 26 million (K 758 million) previously pledged for drought relief and resilience-building efforts. The discussions on the Zambian side, were led by Mr. Felix Nkulukusa, Secretary to the Treasury, Ministry of Finance and National Planning, and on the German side by Ambassador Anne Wagner-Mitchell and Frank Hofmann, Head of Division for Southern Africa, Federal Ministry for Economic Cooperation and Development (BMZ), focused on aligning development cooperation with Zambia's national priorities as set out in the 8th National Development Plan. Germany's new commitment of K 3.14 billion will be implemented through financial and technical assistance in the key areas of good governance, access to clean water as well as nutrition and food security through climate-resilient and sustainable agriculture. Efforts will also be boosted in diversifying Zambia's energy sector and promoting renewable energy. This substantial commitment reinforces Germany's role as a key partner in Zambia's development, with total bilateral cooperation since 1964 surpassing € 1.4 billion (K 40 billion). Speaking during the negotiations, Dr. Frank Hofmann, Head of Division from BMZ, stated, "Our partnership with Zambia is built on a foundation of trust, collaboration, and shared values. We are committed to supporting Zambia in navigating current challenges while building a resilient and sustainable future for its people." In light of the current drought, Germany has allocated €26 million (K 758 million) to support Zambia's response to the ongoing, devastating drought. This financial support will be primarily channelled through the World Food Programme (WFP) drought relief, and resilience-building projects. Furthermore, the United Nations agencies UNICEF and UNHCR will receive ..... FULL DETAILS IN DOCUMENT Felix Nkulukusa For the Governmentof the Republic of Zambia Dr. Frank Hofmann For the Government of the Federal Republic of Germany For more information, please contact: German Embassy in Lusaka Press Phone: +260 211 250 644 Email: info@lusaka.diplo.de Website: www.lusaka.diplo.de Ministry of Finance and National Planning Public Relations Office Phone: +260211253512 Email: treasurybriefs@mofnp.gov.zm Website: www.mofnp.gov.zm #BilateralCorporation #DroughtCrisis #FinancialInsight #Get2Know

PRESS RELEASE! Zambeef Products PLC STATEMENT ON BRITISH INTERNATIONAL INVESTMENTS (BII) - CONVERTIBLE REDEEMABLE PREFERENCE SHARES 18 September 2024: Lusaka, Zambia: Zambeef Products PLC (Zambeef) is aware of some traditional media commentary and social media comments indicating that British International Investment (BII) has allegedly taken over Zambeef's ownership. The Zambeef Products PLC, Board of Directors ("the Board"), wishes to remind its shareholders and interested parties that in 2016, the British Investment International (BII), formerly the Commonwealth Development Corporation Group PLC (CDC), acquired 52.6 million ordinary shares and 100,057,658 convertible redeemable preference shares ("Preference Shares") in Zambeef Products PLC. The details of this transaction, have already been outlined in the company's public announcement on 4 August 2016, as well as in the Investment Agreement which can be found on the company's website. This week, on Monday, September 16th, 2024, was the eighth anniversary of Bll's investment in the Company. Following this date, Bll's conversion rights on their preference shares have increased materially from the current one-for-one new ordinary share to one for 3.0833 (recurring) new ordinary shares. For carity, the 100,057,658 convertible redeemable preference shares have not been converted, and as of today, the shareholding remains largely unchanged. Zambeef, as part of its fiduciary processes, will inform the market and all stakeholders via the correct market channels, if the status changes. As a Public Limited Company (PLC), Zambeef publishes all its key business information on the Securities Market in Lusaka, Zambia, and London, United Kingdom. Zambeef, therefore, encourages all stakeholders to refer to information and facts that have already been published in the public domain. This publicly available information is published on the following websites: Lusaka Securities Exchange: www.luse.co.zm London Stock Exchange, AIM: www.lseg.com Zambeef Products PLC: www.zambeefplc.com #FinanceNews #StockMarket #BullsBears #FinancialInsight #Get2Know

Zambia National Commercial Bank (Zanaco) PLC Summarized Unaudited Results For The Period Ended 30 June 2024 Financial Highlights The Group recorded a profit after tax of K706 million for the period, a 2% reduction compared to the 2023 performance. The performance in the period was adversely impacted by the increase in interest expense cost due to increased borrowings to cushion the e ects of the increase in statutory reserve ratio from 11.5% to 26% which materially reduced available cashows to support operations. Total operating income closed the period at K2.77 billion representing a marginal growth of 1%. This was supported by a 4% (K64.8m) growth in Net Interest Income and 18% (K82.2m) increase in fee and commission income. Operating expenses grew by 10% (K150m). The Group continues to focus on investments that will maximize shareholder value and position the Bank to be future-fit. Impairments reduced by 79% (K86.2m) due to careful and forward-looking credit management practices. Cost containment remains pivotal in the Group’s operations to ensure that it prudently manages its resources. The performance in the period was anchored on a resilient balance sheet with a growth in total asset base of 24% (K9.1 billion). This was supported by 29% (K3.5 billion) growth in the loan book, 10% (K1.1 billion) growth in Investment securities. Cash and balances with Central bank grew by 25% (K1.8 billion) to ensure compliance with the increase in the statutory reserve ratio. Total liabilities grew by 23% (K7.9 billion) driven by a 7% (K1.98 billion) increase in customer deposits and 435% (K5.4 billion) growth in borrowings from other Banks to support and maintain funding and liquidity requirements at all times. Capital The Group remains adequately capitalized and continues to prudently utilize its capital to ensure maximum return on investments. As at 30 June 2024, the Group retained a strong capital ratio of 18.18%, after a dividend payout of K621 million. Future Outlook The Group will continue to operate in an agile manner to respond proactively to the changing business, environment and regulatory environment. We will continue to invest in technology and enhancing our customers’ experience in order to remain future-fit with a focus on the customer. By Order of the Board KALUBA G KAULUNG’OMBE-INAMPASA COMPANY SECRETARY Issued in Lusaka, Zambia on 18 September 2024

🚨#FiZ_QuickTake 🚨 Ms. Mpeza Mbewe, Head of Marketing and Public Relations at Liquid Intelligent Technologies Zambia, shares cybersecurity and data protection tips for a digitally connected society. 🚨Watch the full episode on our YouTube channel or via the link in the COMMENTS. Don't forget to LIKE & SUBSCRIBE! #PublicRelations #SalesAndMarketing #Telecomunication #FinancialInsight #Get2Know

🚨#FiZ_QuickTake 🚨 Mr. Muyangwa Muyangwa, Director General of the THE NATIONAL PENSION SCHEME AUTHORITY - NAPSA, shares his #QuickTake on strategies for sustainable investment given the nature of NAPSA's liabilities, at the Energy Forum For Africa - EFFA. 🚨Watch the full episode on our YouTube channel via the link in the COMMENTS. Don't forget to LIKE & SUBSCRIBE. #EFFA2024 #AssetManagement #PensionManagement #FinancialInsight #Get2Know