THE Lusaka Securities Exchange (LuSE) last week witnessed an increase in market activities posting a turnover of K2.3 million from K2.2 million recorded last month. A total of one million shares were handled in 364 trades, resulting in a turnover of 2.3 million. Zanaco put up a good performance, raking; K796,727.30 from the stock market, surpassing 20 other companies that participated in the trade. “In the week ended November 5, 2021, a total of 1,065,918 shares were transacted in 364 trades, yielding a market turnover of K2,367,820. Read more
Huaxin set to buy Lafarge
HUAXIN Investments Limited, a Chinese firm, is set to take ownership of Lafarge Cement Zambia Plc following approvals for it to acquire a 75 percent stake in the cement company. The company plans to spend US$160 million on buying the cement plants in Zambia and Malawi. Read more
Tourism sector booming in Luapula – PS
GOVERNMENT’s effort in promoting the tourism sector in Luapula Province is bearing fruits with job creation taking centre stage. Acting Permanent Secretary John Mwasha said the new dawn administration is eager to develop the tourism sector in Luapula Province and the Northern Circuit at large. Read more
INTERNATIONAL BUSINESS NEWS
Euro-Area Inflation Is Diverging the Most Since the Debt Crisis
AInflation is soaring across the euro area, but it’s also diverging by the most in years in a further complication for the European Central Bank’s ongoing pandemic stimulus.
Asian Stocks Up, Futures Steady; Treasuries Slip: Markets Wrap
Asian stocks rose and U.S. equity futures were steady Friday, bringing some relief for shares from the inflation fears still roiling Treasuries. MSCI Inc.’s Asia-Pacific gauge posted its biggest rise this week, helped by a rally in Japan and a jump in China’s technology stocks. The view that the worst of Beijing’s regulatory blitz has passed supported sentiment. S&P 500, Nasdaq 100 and European contracts were little changed after U.S. shares edged up.
