username  password  
 
Your portal to investing in Emerging Markets

Market News

To follow the market trend you require the latest market information. Our market news provides you with up to date information as to what obtains in every market.

Frequently Asked Questions

What is ISIN?

get answers »

Zambia Market News
Search Country: 


[2008-07-22]  Lafarge to create 3,000 jobs
THE new Lafarge Zambia Plc, plant under construction once commissioned will create about 3,000 auxiliary jobs countrywide.

Lafarge Cement Zambia, managing director, Thomas Ehrhart said in an interview that the workforce from the old plant would be retained while about 3,000 jobs would be created to firms like trucking companies, suppliers and distributors.

“The multiplier effect in the economy will be quite large even though we would have a US$150 million plant with 150 workers. To support a plant like this, we would need about 2,000 to 3,000 people,” he said.

Mr Ehrhart also said 99 per cent of the people that will run the new plant would be Zambians while experts will only be engaged when equipment is bought to train the locals on operating the machinery.

He said more cement would be on the market next month as the company starts the production of clinker a raw material used for producing cement.

He said market dynamics would be expected to take care of the price of cement.

“In the last 18 months, we have seen that the price of retail cement has increased. This is a factor of supply and demand

“Zambia is a very good robust economy. We are seeing a lot of new projects coming on the market like housing, infrastructural and major developments in the mining sector,” he said.

Mr Ehrhart said economic developments taking place in the country have been accelerated over the last 18 months, resulting in demand of cement
He, however, observed that with the new plant, the challenge of meeting demand would be the thing of the past.

He said the new plant alone would produce the same amount of cement currently produced in Zambia.

“When the new plant is finished, cement available in Zambia will double. This will start in August. The impact of new cement on the market will be quite significant,” he said.

Mr Ehrhart also pointed out that during the last 18 months, the company has had to reduce exports to its traditional markets like the Democratic Republic of Congo (DRC) and Burundi to meet local demand.

He pointed out that because of contractual obligation, the company has not completely cut its exports to the two countries.

“With the new plant, production will double, not only will Zambia be met in terms of supply needed but the export market like DRC, Burundi, Rwanda and Malawi,” he said.

Mr Ehrhart, however, emphasised that tight control of exports will be maintained until such a time that the local market was completely filled with cement and retail prices reducing normal levels.






Source: © 2005 Zambia Daily Mail.



[2008-08-21]   Access Bank to spend $26m on expansion
[2008-08-14]   Zambian Breweries imports bottles
[2008-08-11]   LuSE makes application for third tier with SEC.
[2008-08-08]   Zambeef to buy Nanga Farms
[2008-08-01]   Lafarge ignites new kiln
[2008-08-01]   Lafarge ignites new kiln
[2008-07-30]   African Eagle eyes LuSE
[2008-07-23]   Short dollar supply affects Kwacha
[2008-07-22]   Lafarge to create 3,000 jobs
[2008-07-14]   LuSe index drops as 7 listed companies suffer losses
[2008-07-09]   Celtel shares top LuSE
[2008-07-04]   ZNCB, Dutch bank in $35m deal
[2008-07-04]   NOTICE OF DIVIDEND
[2008-07-01]   LuSE records increase in both total turnover, trade
[2008-06-20]   Zambeef to buy Nanga Farms
[2008-06-17]   LuSE share index up
[2008-06-17]   ZSE Market Capitalisation Reaches US$2,03 Billion
[2008-06-09]   LuSE turnover increases as index fall
[2008-05-28]   Zambia sees GDP reaching 7.5 %
[2008-05-20]   Stanbic Bank has new MD
[2008-05-14]   Luse Grieves Over Speculation
[2008-05-13]   Week suffers 0.55 per cent drop
[2008-05-08]   Celtel Zambia IPO Opens Window for Kenyans
[2008-05-02]   LuSE March turnover declines
[2008-04-24]   NMC eyes LuSE listing
[2008-04-01]   Bata announces 100p.c. profits
[2008-03-28]   Teal Mining delays Konkola North over new tax regime
[2008-03-25]   LUSE all share index gains
[2008-03-20]   Kwacha gains against dollar
[2008-03-10]   Lafarge records all time high on Luse
[2008-02-29]   Zambia records K155bn. trade deficit
[2007-12-07]   Celtel Zambia to list 20 pct shares, increase users
[2007-10-31]   DBSA invests $300m in Zambia
[2007-10-30]   Cavmont Capital Bank to raise K18 bn. from LuSE
[2007-10-29]   Chinese bank buys stake in Standard Bank
[2007-10-26]   CAZ requests Celtel to list 41% shares
[2007-10-24]   LuSE monthly turnover declines
[2007-10-19]   Zambeef still in talks over Amanita takeover
[2007-10-16]   Copper prices could still ‘spike’ – analysts
[2007-10-15]   LuSE witnesses K5bn. rise in total turnover
[2007-10-10]   African Eagle to open mine in Eastern Province
[2007-10-09]   Kwacha rebounds
[2007-10-04]   LuSE abandons plans to link itself to JSE
[2007-09-25]   ZNCB to recover market share
[2007-09-20]   Luiri Gold invests $2.5 m in drilling, scoping studies
[2007-09-18]   Zambeef to takeover Amanita
[2007-09-17]   ZNCB shares to be floated on LuSE
[2007-09-10]   Zambia to adopt Kenya’s agricultural systems
[2007-08-27]   LuSE turnover shoots to K5 bn.
[2007-08-21]   LuSE tradind activity raises K3bn.
[2007-08-20]   LuSE tradind activity raises K3bn.
[2007-08-14]   LuSe turnover skyrockets
[2007-08-07]   LuSE is best performing stock market in Africa
[2007-08-03]   Cunico postpones IPO due to market conditions
[2007-07-26]   Kwacha to be stable this week
[2007-07-25]   Kwacha continues appreciating
[2007-07-23]   LuSE all-share index closes week up 2.2%
[2007-07-18]   LuSE records K6.98bn. turn over
[2007-07-11]   Barclays launches product
[2007-06-29]   Equinox mine exploration results impressive
[2007-06-19]   Nickel sale deal finalized
[2007-06-18]   Union Gold earmarks K45bn. for 2 hotels
[2007-06-15]   Support local investors’
[2007-05-28]   LuSe index keeps on growing
[2007-05-22]   LuSE index grows again
[2007-05-21]   ZACA calls for more food control labs
[2007-05-21]   ZACA calls for more food control labs
[2007-05-14]   LuSE records trade increase