By Savior Mwambwa Zambia sits on roughly 6% of the world’s copper reserves (estimated at 20 million tonnes) and produces over 800,000 tonnes annually. Recent developments in our mining sector – both the IDC-Mercuria trading joint venture announcement and broader discussions about the country’s mineral development strategy – demand keen attention. These discussions encompass critical […]
The Launch of The Sikute Free Zone
Author: Kopano G. Chipwayambokoma, Pangaea Securities Senior Analyst On December 14th 2024, His Excellence President Hakainde Hichilema officially launched the Sikute Free Zone, the first phase of the Zambezi Free Zone (“ZFZ” or the “Free Zone”). The launch was hosted by His Royal Highness (“HRH”) Emmanuel Sikute. The Sikute Free Zone spans 15,000 hectares and will create thousands of jobs […]
Beyond IMF Prescription: Why Zambia and African Countries Need a Developmental State Approach
By Savior Mwambwa As I was reviewing the most recent IMF’s latest Regional Economic Outlook for Sub-Saharan Africa released in October this year, I found myself wrestling with a familiar tension. The numbers tell a stark story: despite decades of orthodox reforms, Sub-Saharan Africa’s share of global manufacturing value added remains stuck at a mere 1.8% as of […]
Make It Till You Fake It.
Zambian men refuse to celebrate their wins because we’ve been conditioned to think that every other man is struggling, and we cannot rub our achievements in their face. The Zambian man’s humility is nothing more than a successful national program to limit him from enjoying the fruits of his labour. You’d think it is illegal […]
Pangaea – we are building an African Merchant Bank!
Written by Ceaser Siwale & Tshepo Magagane You know one thing I would never forgive the Codesa settlement and hence the alliance for in South Africa? BEE which was meant to maintain status quo and which has. BEE deals were done across the financial sector in South Africa – with 10s of billions distributed (“politicians”)…yet […]
High Finance
By Tshepo Magagane “high finance” training – there is a reason why Private Equity/Credit outsources it to Investment banks ie 2-3yr Analyst Training Programmes – it takes resources! On a daily basis, what you are dealing with means that, your exposure in 6mths is what will take another person 6yrs in another industry! It is […]
South Africa Takes the G20 Helm: Bold Promises, But Can They Deliver?
By Savior Mwambwa Note: This post kicks off our new series examining the G20’s impact on African economies, with a special focus on implications for Zambia. Over the next few weeks, this series will dive deep into key issues including critical minerals, climate finance, and resource governance – all through the lens of Zambia’s economic […]
Averages In Deliveries
Written By Tshepo Magagane Average in “Investment Banking and High Finance” – a lot of my writing is really ruminations as you cant think if you are not writing… …but it harks back to my junior years when going through my tutelage. If something happened to a client, sector or there was an interesting deal […]
Zambia’s Copper Renaissance
Comment By Tshepo Magagane Zambia’s Copper Renaissance – really simple, of the 3Mtpa target, 800tkpa has to come from independent projects! https://research.massifcap.com/p/zambia-s-copper-renaissance?utm_campaign=zambia-s-copper-renaissance&utm_medium=newsletter&utm_source=research.massifcap.com&_bhlid=293b58d214f82873ed23384bebbfce5ebf3c8427 Independent projects need to go through the following: MRE – let us assume USD5m PFS – USD60m BFS – USD100m PF – USD160m (equity) However, as you go into production – on the […]
Life is a Black Friday!
It can be quite disheartening when Black Friday rolls into town and you’ve got barely enough to see you through the day. Lining up to purchase inanimate objects may have its detractors but the modern man will always have a bargain to spend his hard-earned money on. a masterclass on how to dig a hole. It’s […]