Economic analysts positive over Zambia’s growth By NELLA MUKALENGE

A GROUP of renowned economic research analysts say Zambia’s economy has grown by 6.8 percent this year and is expected to grow by 7 percent by 2013.ABSA Capital Principal Ridle Markus of South Africa says the growth was underpinned largely by agriculture, manufacturing, construction and the transport sectors.Mr Markus said the other major driver of Zambia’s economic growth...

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Zambia Commodities Exchange Expected to Resume Trade in May

The Zambia Agricultural Commodities Exchange Ltd. plans to resume trading next month, ending a nine- month halt in which it sought to attract shareholders and asked lawmakers to pass a bill to regulate and boost trading. The Zambia National Farmers Union, which represents growers, is among those that may invest in the exchange once it has distributed stock to members...

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Bank of Zambia intervenes in Forex market,Depletes reserves.

According to the a recent bank of zambia report Zambia's gross international reserves have fallen from US$2.371.4 to US$2.317.7 billion. BOZ says the recent sale of foreign exchange to the market was aimed at moderating the depreciation in the exchange rate and it amounted to US$152.5 MILLION.BOZ in this case intervened for the purpose of mitigating instability...

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COMMODITIES-Euro zone woes fuel risk aversion Copper at 3-month low

Copper at 3-month low, platinum at weakest in more than 2 months * Firmer dollar also weighing, euro hits one-month trough * Coming Up: U.S. New York Fed Empire State Survey; 1230 GMT By Manolo Serapio Jr SINGAPORE, April 16 (Reuters) - Commodities slid on Monday, with copper hitting fresh three-month lows and oil and grains also in the red, as worries about the global economy...

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Shoprite Zambia Review: Outlook and dividends

MINORITY shareholders of the Lusaka Stock Exchange (LuSE) listed Shoprite Checkers have taken up legal action against Africa’s largest retailer for failure to pay them the 2011 and March 2012 dividends, the Zambia Daily Mail has learnt. The legal action was taken out on the retail giant – with 18 outlets in Zambia – last week on Thursday after Professor Patrick Mvunga’s law...

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Lusaka Stock exchange update a Zanaco special

Thursday 12th April, 2012 DAILY COMMENTARY FOR WEDNESDAY 11th APRIL,2012 The index closed at 3,925.44 points ,down by 0.13% from yesterday's close of 3,930.54. A total of 892,753 shares were transacted in 33 trades worth K596 million. Price movements were recorded in ZAMEFA - (K93.00), ZAMBREW -K10.00 and FQMZ -(K8.00). Trading activity was recorded in CEC, NATBREW,...

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StanChart projects kwacha gain against dollar

By Kabanda Chulu STANDARD Chartered Bank has projected that the kwacha will in the short term trade below K5, 100 against the US dollar due to expected inflows ahead of mineral royalty payments. However, the bank warned that oil procurement related demand will continue to pose some pressures on the local currency, which has depreciated rapidly in the last six months and...

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Recent Kwacha depreciation reviewed By Kampamba Shula

 By Kampamba Shula The Zambian kwacha has been depreciating considerably over the last four months and there is plenty speculation and pointing of fingers as to what could be the cause. Some accusations of the current of government as being at fault in issuing incoherent statements may have some ground but I highly doubt that can waver the fundamentals. A recent article...

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Rebasing of the kwacha should be postponed ,urges Consumer Unity and Trust Society.

 By Gift Chanda THE rebasing of the kwacha should be postponed to allow for more sensitisation, urges Consumer Unity and Trust Society. CUTS international Zambia board chairperson Ambassador Love Mtesa yesterday observed that the time frame allocated for the rebasing of the kwacha or knocking out of three zero from the local currency was not enough. "We are cognizant...

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