Equally affected by the pandemic but despite that both local and international tourists have shown interest and enthusiasm in the country’s tourism and so the sectors future is quite promising.
ZAMBIA Forestry and Forest Industries Corporation (ZAFFICO) recorded a profit after tax of ZMW 228,76 million during the financial year ended December 2020 compared to ZMW136,64 million prior year buoyed by government compensation. Read more.
“More than 73,000 people are employed in Zambia’s mining industry representing 2.4% of the workforce in the Southern African nation of a close amount of 18 million people.”
LUSAKA Stock Exchange listed Lafarge Cement Zambia produced a solid performance and returned to profitability after posting a K363 million profit during the financial year ended December 2020 from a K38,6 million loss registered prior year. Read more.
Canada headquartered, First Quantum Minerals Limited’s Zambia unit sales revenue grew 42% to $1,67 billion in the first quarter of 2021, the company has said. Read more.
Trading on the Lusaka Stock Exchange (LuSE) on Thursday was largely stagnant as most counters maintained their previous transacting levels, latest data has shown. In the 17 transactions registered, 199,365 shares were traded resulting in a turnover of K529,067. Read more.
STANCHART Zambia, a subsidiary of the United Kingdom Standard Chartered Bank, an International financial services conglomerate, says it will employ a cocktail of measures 2021 financial year that will see the financial institution returning to profitability and growth. Read more.
Despite cosmic challenges in wind of prevailing business slackening in fluctuating commodity prices, unstable tax and ravaging covid-19 pandemic FQM [First Quantum Minerals remains floating on a brisk business acme. Read more.
December 3, 2021