AfricanFinancials Digital Team

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So far AfricanFinancials Digital Team has created 278 blog entries.

September 2019

ZAMBEEF | Disposal of Sinazongwe Farm for USD10 million (LuSE)

2019-09-18T15:14:47+02:00September 17th, 2019|

Zambeef, the fully integrated cold chain food processing and retailing group with operations in Zambia, Nigeria and Ghana, announces that, in line with its strategy of focussing on its core business, disposing of low-performing and/or non-core assets and reducing gearing/debt, it has entered into a binding Sale and Purchase Agreement (“SPA”) with Chenguang Biotech (Zambia) [...]

Econet Wireless Zimbabwe releases the 2019 annual report

2019-09-17T14:06:06+02:00September 16th, 2019|

Econet Wireless Zimbabwe Limited ( 2019 Annual Report We have extracted the Chief Executive Officer's Statement from the 2019 annual report for Econet Wireless Zimbabwe Limited (, listed on the Zimbabwe Stock Exchange: Chief Executive Officer's Operations Review INTRODUCTION Econet continues to demonstrate agility to sustain shareholder value through delivering high-quality digital services, [...]

REIZ | Change in Directorate

2019-09-16T13:07:12+02:00September 16th, 2019|

Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Real Estate Investments Zambia Plc (“REIZ” or the “Company”) wishes to announce the resignation of Dr Elizabeth Lungu-Nkumbula as a non-executive director of the Board effective 10 September 2019. The Board would like to express appreciation to Dr Nkumbula for her [...]

REIZ | Statement of unaudited financial results for the six months ended 30 June 2019

2019-09-16T08:52:57+02:00September 13th, 2019|

In compliance with the requirements of the Securities Act No. 41 of 2016 and the listing rules of the Lusaka Securities Exchange, Real Estate Investments Zambia PLC announces the financial results of the Company and its subsidiaries (collectively referred to as the Group) for the six months ended 30 June 2019. These interim financial results [...]

REIZ | Trading Statement

2019-09-13T09:50:18+02:00September 12th, 2019|

In accordance with the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the Shareholders of Real Estate Investments Zambia PLC (“the Company”) that for the half-year ended 30 June 2019, the basic earnings per share is expected to be 186% lower than the basic earnings per share for the half-year ended [...]

FMP | 2019 Interim unaudited Financial Results

2019-09-05T10:05:38+02:00September 5th, 2019|

CHAIRMAN’S STATEMENT THE ECONOMY The Government of Zimbabwe made fundamental economic policy changes to promote the country’s sustainable development aspirations including: a) Adoption of the Zimbabwe dollar as the sole currency for all local transactions, b) Addressing pricing distortions particularly of fuel, electricity and foreign currency, and c) Raising the overnight interest rate from 15% [...]

FMHL | Unaudited HY2019 Abridged Financial Results and Presentation

2019-09-05T09:49:16+02:00September 5th, 2019|

CHAIRMAN'S STATEMENT ECONOMIC OVERVIEW Zimbabwe’s Gross Domestic Product is expected to decline by 2.1% in 2019 according to the Ministry of Finance and Economic Development (MoF). The first half of the year saw the introduction of ZWL in the basket of currencies together with the floating of the USD/ZWL exchange rate in February 2019. In [...]

ZAMBEEF – Appointments of Non-Executive Director and Chief Financial Officer

2019-09-05T08:41:41+02:00September 5th, 2019|

Zambeef (AIM: ZAM), the fully integrated food producer with operations in Zambia, Nigeria and Ghana, announces the appointment of Michael Mundashi as an Independent Non-Executive Director and Faith Mukutu as Chief Financial Officer and Executive Director, with immediate effect. Mr. Michael Mundashi is a lawyer by profession having graduated from the University of Zambia with [...]

TNM | 2019 interim financial results

2019-09-05T09:40:05+02:00September 4th, 2019|

KEY FINANCIAL HIGHLIGHTS SERVICE REVENUE 8% growth in Service Revenue to MK 44,064 Million EBITDA 13% increase in EBITDA to MK 17,856 Million NET PROFIT 3% decrease in Profit After Taxation to MK 6,712 Million INFRASTRUCTURE INVESTMENT MK 7,372 Million ARPU 11% growth in Average Revenue Per User (ARPU) to MK 1,814 EARNINGS PER SHARE [...]

August 2019

Copperbelt Energy HY2019 financial results: EBITDA up 29% to ZMW626.6 mln (USD50.5 mln)

2019-08-29T18:54:33+02:00August 29th, 2019|

Copperbelt Energy Corporation Plc ( HY2019 Interim Report In compliance with the requirements of the Securities Act and the Listings Rules of the Lusaka Securities Exchange, the Copperbelt Energy Corporation Plc (CEC) announces its unaudited results for the period ended 30 June 2019. I. Introduction CEC’s core business is the supply of power [...]