LSMFEZ gets $12m agro-processing investment

TO HELP promote value addition in the agriculture sector, four companies will invest US$12.6 million in establishing agro-processing plants in the Lusaka South Multi-Facility Economic Zones (LSMFEZ). The firms will be buying farm produce such as rice and soya beans from farmers and process it into edible oils, soya products and flour. Queens Oil Refinery Limited, Good Nature Agro Limited, Aussie Company Limited and Sunglobe Holdings have all been given a green light to operate in the LSMFEZ.

Zambia smells dollars from battery electric vehicles

ZAMBIA and other African countries are in a good position to profit from the global movement towards decarbonisation because it is home to key battery minerals such as cobalt, copper, lithium and manganese. Economic Commission for Africa (ECA) executive secretary Vera Songwe, however, is quick to state that how much transformation will happen to African countries involved in producing and selling these raw materials will only depend on how fast they move up the value chain. Dr Songwe was speaking ahead of the Democratic Republic of Congo (DRC) – Africa Business Forum whose theme is “Fostering the development of a battery, electric vehicle and renewable energy value chain and market in Africa.”

Zambia Sugar shareholders to receive K76m
SHAREHOLDERS of Zambia Sugar Plc will receive a collective dividend worth K76 million following the increased revenue from K3.3 billion in 2020 to K4.9 billion this year. And immediate, past country managing director Rebecca Katowa attributed the impressive financial performance to the maximum utilisation of the domestic market due to restricted imports amid coronavirus.

U.S. Futures, Most Asian Stocks Rise; Crude Climbs: Markets Wrap

U.S. and European equity futures rose Friday along with most Asian stocks amid optimism that the pandemic recovery can weather elevated inflation and tightening monetary policy. China’s stock market led Asian gains, while Japan climbed on confirmation of a stimulus package. Hong Kong struggled as Alibaba Group Holding Ltd. sank on a slashed revenue outlook, contributing to a drop in a gauge of Chinese technology shares.

Kenya’s Biggest Bank Plans Nation’s First Green Bond by a Lender

KCB Group Plc,. Kenya’s biggest bank by assets, plans to issue the nation’s first green bond by a commercial lender in 2022, according to Chief Executive Officer Joshua Oigara. “A green bond is one of the key actions we are looking at in our market,” Oigara said in an interview on Thursday in the capital, Nairobi. “We are probably the most ready institution to move in that direction in the coming year.”

LSMFEZ gets $12m agro-processing investment

Zambia smells dollars from battery electric vehicles

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U.S. Futures, Most Asian Stocks Rise; Crude Climbs: Markets Wrap

Kenya’s Biggest Bank Plans Nation’s First Green Bond by a Lender