News

Authored By Tshepo Magagane Working in the bespoke, bilateral world – I can tell you how much an increased allocation to EMs will transform these countries! Yesterday, I posted about China – there are still some things unacceptable BUT I can see the impact that their investments in airports, roads, bridges, buildings are having across […]

Views and Perceptive From Tshepo Magagane China in Africa: From all conversations, these are not some drunken pub harangue; they are with decision makers. ” Their Africa strategy is still like it is 1984!” It is how do we start dictating terms – even at a very rudimentary basis – when I fly into various […]

Authored By: Tshepo Magagane Lithium – too many jackanapes making comments who have never deployed capital, let alone developed a project! 1. The Chinese are deliberately making sure that no other capacity is built – the German/Russian case study has emboldened China; they can see how much damage has been done to German industry – like “Pinky & […]

Do you see how we implode like Arsenal FC in April after the breakdown of a relationship or marriage and the death of a spouse? Zambian man is like an Airbus on autopilot once home comforts become familiar. This is underlined by his failure to flourish in the aftermath of romantic routine. Suddenly, you have […]

Let us assess the top banks for FY2023 using different financial metrics, considering that these results reflect last year’s performance and the landscape has shifted since then. 1. By Revenue/Market Share: Top performer: Zanaco Zanaco dominated in revenue, capturing 22.29% of the market share, followed by ABSA at 17.00% and Stanbic at 16.08%. Zanaco also […]

DEAN ONYAMBU Zambia’s decision to implement de-dollarisation—reducing reliance on the US dollar in domestic transactions—marks a bold move to stabilize the kwacha and strengthen the efficacy of its monetary policy. Critics often cite failed attempts in countries like Venezuela and Zimbabwe, but these critiques overlook deeper economic contexts and policy missteps. By adopting a structured, gradual […]

By: Pangaea Metals & Mining Team Introduction Unlocking financing for African mining projects is crucial to capitalising on the continent’s immense mineral wealth. Despite producing 30% of the world’s minerals, Africa receives only 5% of global capital investment in mining. The shift from traditional merchant bank financing due to Basel III (BIII) regulations has created […]

(from Pitchbook see: “Time to Close” & the Importance of IR teams) Author: Tshepo Magagane – Executive Are they as important as Investing Teams – an argument to be made there?!? Specifically, time between funds has decreased, going from a median of 5.4 years for the 2013-2015 period to 3.3 years for the 2022-2024 period […]

One of these days, when you’re watching Arsenal Football Club torture its fans with hope, enjoying a drink with your friends … tell them you’ve started seeing someone. Who is she? Where did you meet? How did this happen? So, what will happen to your current family? Are you ready to abandon it all? You’ll […]

Author: Tshepo Magagane Firstly, I won’t fault the EU in Brussels (and in other cities), but agreements without Capital mean nothing! I repeat, no fault on the EU side – they really get it! But at the implementation level, there are huge problems—you still have too many people who view Africa through an 80s lens! And when […]

When your casket is mounted and wheeled into the church, your family and friends seated in the pews will turn to welcome you for that final farewell. There will be men who were closest to you wheeling your casket. A friend, a brother, a cousin, a son or nephew and then people will see one […]

Credit to: Chabala Sunkutu – Senior Analyst Pangaea Securities It is a well-known conundrum that Zambia’s economy is heavily dependent on copper production and export. Once a middle-income country, Zambia has been sliding towards poverty since the 70s when copper prices declined on the world market. Albeit, current high prices of copper on the international […]

Author: Ceaser Siwale – Chief Executive In the fast-paced world of modern careers, the common belief that hard work alone is the key to success is deeply ingrained in many young professionals. The mantra, “This is the time to grind,” often resonates strongly with those in their 20s, driving them to focus intensely on their […]

Views and Thoughts By Ceaser Siwale – Chief Executive Pangaea Securities The recent initiative by the Bank of Zambia (BoZ) to explore de-dollarisation has sparked a debate among various stakeholders. The BoZ’s proposal to limit the use of the US dollar in domestic transactions, with certain exceptions like exports, tourism, and large infrastructure projects, is […]

Thoughts from Tshepo Magagne – Executive Metals & Mining The trick (or rather the challenge) is how to unlock this Gordian knot that is Financing African Mining Projects for the Transition… …the thing in all the conversations we are having is that “no one is saying – you guys are crazy” – just wringing their […]

By Tshepo Magagne – Executive Metals & Mining WA Iron Ore has a lower cost structure, but if you input USD60/t v USD80/t in LT, you can immediately tell that it is going to impact Royalties, Sales Taxes, PAYE, and Corporate Taxes… So Australia has to find a way to plug that gap in taxes! An Aussie […]

Author: DEAN ONYAMBU This chart traces Zambia’s external debt as a percentage of Gross National Income (GNI) from 1970 to 2022. The analysis explores how successive administrations contributed to Zambia’s escalating debt levels, culminating in the significant event of a default in 2020, focusing on the scale and timing of debt increases.  Critical Historical Periods […]

When a man changes, it happens gradually then suddenly. The long nights drafting proposals, months in the gym, years in lecture rooms, money quietly saved, a house painstakingly built. And then everyone comes along to tell anyone who will listen that he’s changed. Bana Chinja. That’s why as long as you’re not doing anything wrong […]

Tshepo Magagane – Metals & Mining Executive Mining companies that still go “Oh we are looking for Copper but not in ‘risky’ jurisdictions” still do puzzle me! What is unfolding with Copper is something else – I thought what happened with Steel Making Raw Materials in the ’00s was a once-in-a-lifetime event! It was not […]

By Tshepo Magagane – Executive Metals & Mining Africa how do we use the abundant minerals – I have talked about the key lessons one imparts to new grads when joining “Energy & Resources Investment Banking” We need to focus more on the lessons from O&G and Utilities for Mining! If Africa misses this chance […]

By Ceaser Siwale – Executive Lusaka, Zambia—In a remarkable demonstration of commitment to youth development and sports excellence, Pangaea Holdings, in collaboration with the Youth Basketball League hosted the Crossover Foundation and NBA Star, Precious Achiuwa in Lusaka from Saturday, August 3rd, to Monday, August 5th, 2024. The event brought together budding ballers aged 10 to 18 from across the […]

By Tshepo Magagane – M&M Executive How do you get new gold ounces at 1k AISCC? I don’t think you can ignore Africa even if you have zero risk appetite – confiscations are a thing of the past when you do things right in Africa (when you start teaming up with this politician to take […]

By Tshepo Magagane – M&M Executive Why Copper – VC like returns! Right Investing teams crucial – origination differentiator… A Chat with a mining entrepreneur who has run an LSE listed company and he summarized his position “metals that go into proven technologies”! That is Copper – it is simply about conductivity – we know […]

Of course. It’s about time this was brought up. Men need to know. They live too long without truly having proof. Every man must investigate doubts and the unfamiliar characteristics that eat away at his conscious every waking day. Every single living man should get their DNA tested. Some do it without any prompting while […]

By Kachepa Mtumbi