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A man who picks out the right clothes for an occasion, drives carefully on the road, speaks eloquently and can cook a decent meal? He’s usually celebrated as a catch. But when he budgets and plans for his money, it’s always a different story.  You could be one of the most handsome men in the […]

Every man can pretend it doesn’t affect him or that he’s already experiencing it. But there comes a time, without good fortune for some in their early forties, where a man simply has to look at how nothing seems to move naturally unless he plays with it.  Life does become mundane. Repetitive. Work, home, church. […]

Royal Bafokeng’s secret sauce was converting Royalties into Equity By Tshepo Magagane At the very base, Equity gives you: 1. Strategic Input 2. Operational Influence 3. Most importantly CURRENCY – which enables the ability to transact 4. When it comes to the argument that NI can be manipulated by companies; that is the role of […]

Chabala Sunkutu Investment Banking Associate | Transaction Analysis, Valuations & Capital Markets Everyone is talking about how artificial intelligence is transforming investment banking. And they’re right, it is. But the conversation keeps missing the most important point. The biggest value an investment banker brings to a deal isn’t financial modeling. It isn’t combing through thousands […]

By Tshepo Magagane To be honest, at the time, I was still a Bulks guy – it was easier to get the driver right quickly when looking at distressed assets! The 2010s were not great for Copper stocks, but that is when you needed to be positioning. The second-best time is right now. And look […]

By Tshepo Magagane This could be a good test to see how much Copper value-addition is done in Africa!Remember that currently it is cheaper to bring end-copper products through Durban port from China than it is to bring them from Zambia – something has to change. 1. 14,500km of Transmission lines – will require about […]

By Tshepo Magagane US 12bn stockpiles – I believe in these 2 statements when it comes to the US – and remember stockpiles are just that, they do not replace yearly production! 1. It can displace China – just given the depth and variety of capital BY INCREASING THE STANDARDS OF OPERATIONS 2. It needs to […]

Reflections on KK Day – Tuesday 28 April 2026 By Savior Mwambwa Today, Tuesday, 28th April, is Kenneth Kaunda (KK) Day. KK Day is a Zambian holiday in form, but in substance, it belongs to all of Africa and to the wider Global South. Kenneth Kaunda was a founding architect of the Frontline States, a […]

….to protect the mines. By Tshepo Magagane A pantomime of the leopold-era for SNL. Sierra Leone first lady put it best “for every USD100m of minerals that leave the country, we get USD10,000”! Protecting the Congolese Minerals from the Congolese who own  them. The DRC can never have peace until the Congolese have peace. This […]

Africa’s supply chain crisis is not about oil. It is about what sits beneath it. By Ceaser Siwale Everyone is watching Crude. The downstream has already moved past it. Sulphuric acid is not a commodity most people track. It should be. It underpins phosphate fertiliser, copper cathode production, cobalt processing, and a chain of industrial inputs […]

There is a Zambian man who has become quite a common sight. You won’t find him dancing to amapiano at Dacapo, filming people on the streets and force-feeding them a dictionary or talking at every forum, masterclass and conference in town. You’ll find this man on radio, TV, social media and especially this year, in […]

There’s that tired scenario where a mine goes into “care and maintenance,” to indirectly ask a government to take it easy with planned tax hikes. It doesn’t mean the mine is closing. It simply keeps its assets in decent shape so everything doesn’t fall apart. Today’s Zambian man has good reason to place himself under […]

Written By Nenani “The Analyst” Sichone The Trigger: A Global Oil Shock Meets Domestic Fragility On 31 March 2026, the Energy Regulation Board raised pump prices sharply: petrol to K27.15/litre (+2%), diesel to K29.78 (+28%), and kerosene to K32.26 (+53%). International crude had surged nearly 70% in a month to approximately $118/barrel, driven by the […]

Why the Smartest Investors in Africa Are Winning Deals Before They Walk Into the Room By Ceaser Siwale  |  March 2026 There is a hard truth that many in the boardroom still struggle to grasp: in the African investment landscape, the pitch is often over before you even walk through the door. As Amne Suedi recently observed, […]

By Tshepo Magagane The West is underpinned by the wealth that has been extracted from Africa. For Zambia to get to 3Mtpa, you need 800ktpa to come from Independent Projects. From MRE, PFS, BFS, PF; it will take USD12-15bn. However, when these projects come into production – they will be throwing off that much in […]

By Tshepo Magagane https://archive.is/20260323202345/https://foreignpolicy.com/2026/03/23/climate-change-world-order-green-transition-fossil-fuel/ [The liberal international order’s replacement thus won’t be negotiated in Geneva or adjudicated in The Hague. It will be determined by who controls the energy flows, mineral deposits, and technological systems on which all modern life now depends. The cost of oil extraction in the Gulf is the lowest in the […]

By Tshepo Magagane …every other analyst wanted to avoid the mining team! “dont be stupid, you are going to make your money in extractives” an Aussie MD to me as a junior talking about a rotation into the healthcare team (top notch team)… …when Ken passed on, I knew that we were approaching Peak China […]

I recently checked the brochure and couldn’t find anything on our wives or girlfriends having to be friends with each other. You see, just because we grew up together in Chingola or Chelstone or work together, it doesn’t call for the women in our lives to share recipes and skin care routines out of politeness […]

OPINION: Washington is threatening to withhold HIV treatment unless Zambia hands over access to its copper and cobalt. The terms are worse than anything offered to any other African country. But Zambia has more leverage than it thinks. By Savior Mwambwa Mr. Mwambwa works on economic sovereignty and development finance in the global majority countries. […]

By Savior Mwambwa I was intrigued by a recent News Diggers headline that almost wrote itself. “President Hichilema says slow actions piss him off”. The article received various kinds of reactions across the political sphere in Zambia. I want to make a different argument. Not to defend the President from political criticism, which is legitimate […]

By Tshepo Magagane Why we do what we do! “if not us, who will”! Zambia Railways Limited (ZRL) has appointed Pangaea Securities as Transaction Advisor to mobilise US$60 million from Development Finance Institutions (DFIs) and private sector investors to support the rehabilitation of the country’s railway infrastructure. The funding will complement a €50 million grant […]

High chance you don’t want new people around you when you’ve finally minted some success. It helps to filter out the chancers, takers and bringers of confusion. “No new friends” is a common trope for the man who now has a lot to lose after supposedly winning it all. In reality though, you’re undermining yourself […]

By Tshepo Magagane Minerals Ownership – it is at a state, community and individual level. We have been conditioned as Africans to believe that 1. Our minerals are not worth anything 2. We dont deserve to be participants in the ecosystem 3. We should be grateful for any crumbs that are throw our way! Steve […]

By Ceaser Siwale I arrived in Georgetown on a Saturday morning. Seven days later, I left having witnessed one of the most compelling emerging market transformations I have encountered since the early commodity booms in sub-Saharan Africa. Guyana is not just growing — it is being rebuilt from the ground up, in real time, and the […]

Written By Tshepo Magagane I would be eyeing Escondida if I were them – Stake at holdco is let us say about 10bn greater than Q&D NAV of 30% of Escondida – so you get that 30% in Escondida! And that 10 you say, give us Oyu…and go Glencore, we will give you a marketing […]

Shared Experiences By Ceaser Siwale The World Economic Forum (WEF) and INSEAD 56th Annual Meeting in Davos, held from January 19–23, 2026, marked a decisive pivot in the global energy narrative. Under the theme “A Spirit of Dialogue,” the focus shifted from long-term climate ambition to the immediate, physical realities of energy security, industrial competition, and the resource-intensive nature of the AI revolution. Highlights […]

Mutisunge Zulu  Chief Risk Officer | Global Executive PhD Cand. Business Mgt, AI & Strategy at ESCP Business School | Global Executive MBA (Manchester) | Advanced Management Program (Harvard)  January 9, 2026 What looks like a diplomatic retreat is shaping up to be a balance-sheet shock for vulnerable sovereigns. In a dramatic shift in U.S. […]

By Savior Mwambwa January 8, 2025 Zambia’s Ministry of Finance just released an important statement on the IMF programme. The headlines are since reading all sorts of manner including “Zambia ends IMF programme” , “Zamba abandons IMF programme” or something equally misleading. So hopefully this article will offer some clarity and context.What’s happening is more […]

Mutisunge Zulu  Chief Risk Officer | Global Executive PhD Cand. Business Mgt, AI & Strategy at ESCP Business School | Global Executive MBA (Manchester) | Advanced Management Program (Harvard) |  December 31, 2025 Reflections on leadership, risk, humanity and reinvention in a volatile world Leadership Is Forged Under Pressure As 2025 draws to a close, […]

On Monday night, I watched Morocco dismantle my…OUR beloved Chipolopolo 3-0, and instead of blaming the referee like a normal person, I had an existential breakdown on my couch. I watched something disturbingly familiar unfold. After getting pummelled like nshima at matebeto, our boys scrambled for Hakimi’s jersey with the same enthusiasm they should’ve brought […]