News

Zambeef Products reports 18% rise in half-year revenue

Zambeef's half-year results show revenue of ZMW 1.2 billion, up 18% on the same period last year. Growth was driven by the retail division and export beef. Management held the interim dividend at 4 ngwee per share, citing working capital needs for the new Lusaka cold-chain facility due in Q3.

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Bank of Zambia holds policy rate at 13.5% for May 2026

The Monetary Policy Committee kept the benchmark rate unchanged at 13.5%. The committee noted that inflation remains within the 6-8% target band and that T-bill yields continue to reflect a tight but stable liquidity environment. The next MPC meeting is scheduled for July 2026.

ZRA reminds listed companies of June 30 WHT filing deadline

The Zambia Revenue Authority issued a reminder that all listed companies must file Withholding Tax returns for dividends and interest paid in Q1 2026 by 30 June. Penalties of 20% apply on late filings. Investors with queries on net dividend amounts should contact their broker.

Copperbelt Energy confirms 364-day offtake agreement with ZESCO

CEC signed a one-year power supply agreement with ZESCO covering 150 MW at a fixed tariff. The deal provides revenue certainty through Q2 2027 and removes short-term pricing risk. CEC's share price moved up 3% on the announcement before settling at a 1% gain.

Stanchart Zambia declares ZMW 0.85 per share interim dividend

Standard Chartered Bank Zambia declared an interim dividend of ZMW 0.85 per share, payable to shareholders on record as of 20 May 2026. WHT at 15% will be deducted at source. The payment date is 5 June 2026. The dividend reflects a payout ratio of 42% of H1 earnings.

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MoF announces ZMW 800 million T-bill issuance for May 9 auction

The Ministry of Finance confirmed a ZMW 800 million T-bill auction on 9 May 2026 across the 91, 182, 273 and 364-day tenors. Allotment targets are ZMW 150 million for 91-day, ZMW 200 million for 182-day, ZMW 200 million for 273-day and ZMW 250 million for 364-day. Non-competitive bids accepted up to ZMW 5 million per investor.

Airtel Networks Zambia adds 420,000 subscribers in Q1 2026

ATEL reported 420,000 net new subscribers in Q1 2026, bringing total subscribers to 8.3 million. Data revenue grew 31% year on year. Airtel Money transaction volumes rose 48%. Management guided for full-year EBITDA margin of 38-40%, up from 36% in 2025.

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LuSE All Share Index gains 1.2% on strong banking sector turnover

The LuSE All Share Index closed at 8,412 points on Friday, up 1.2% for the week. Total turnover was ZMW 14.2 million, driven by Stanchart and Zanaco. Foreign investor participation was 22% of total turnover, up from 17% the previous week. Year-to-date the index is up 9.4%.

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