Financial Avenue

📈📊Grow your wealth with Government Bonds - Bidding Closes soon.🚨

The BanBank of Zambias announced the next Government of the Republic of Zambia (GRZ) Bond Auction, scheduled for:

🗓 Auction Date: Friday, 26th September 2025

💰 Total Amount on Offer: ZMW 1,800 million

This is a timely opportunity to invest in secure, long-term government-backed securities.

🔍 Key Details:

Withholding Tax on Interest: 15%

Handling Fee: 1%

Submission Deadline: 🕓 Thursday, 25th September 2025 at 16:00hrs

Auction Platform: www.boz.zm

🌐The East Africa Capital Markets Conference is set to bring together a dynamic network of investors, issuers, market makers, and industry leaders for high-impact conversations on capital deployment and accelerating regional growth.

At Financial Avenue, we’re committed to keeping our clients and potential investors informed about major developments shaping not only East Africa’s financial landscape but global markets aswell.

NNairobi Securities Exchange PLC

💡 BOND TRADING 📊 📈

Did you know you can now trade Government Securities 24/7 on the secondary market?
Zanaco makes it easier than ever with its Secondary Trading Portal, available anytime at www.zanaco.co.zm.

Whether you're an individual or an institution, enjoy the flexibility to buy and sell Treasury Bills and Government Bonds at your convenience—day or night.

Benefits

✅ 24/7 Access
✅ Instant Liquidity
✅ Market-Driven Pricing
✅ Retail Friendly
✅ Secure & Convenient

🏆 Celebrating Excellence in Financial Leadership📈

We proudly extend our heartfelt congratulations to Mukwandi Chibesakunda Chief Executive Officer of Zanaco being awarded the prestigious Financial Sector Leadership Award (CEO of the Year).

Your visionary leadership and unwavering commitment to excellence continue to inspire the financial industry and beyond. This recognition is well-deserved, and we celebrate this remarkable milestone with you!

🌍 | Morocco Market Snapshot 🇲🇦

Over the past five years, the Moroccan Dirham has shown notable resilience, with an average exchange rate of MAD 9.535 per USD and a 5.42% gain in purchasing power from 2020 to September 2025.

📈 As of September 3, 2025, the Bourse de Casablanca index closed at 20,146.13 points, marking a 61% market growth over the last five years — a strong signal of investor confidence and market resilience.

💰 The market capitalization has now surpassed MAD 1.06 trillion, with a sector concentration led by:
Financials
Industrials
Telecoms
Utilities
These four sectors account for 56% of the total market value.

🔝 Top 7 Listed Companies by Market Capitalization (2025):

🏦 Attijariwafa bank – MAD 167.3 billion
📱 Maroc Telecom – MAD 111.2 billion
⚓ Marsa Maroc – MAD 73.4 billion
⚡ TAQA Transmission – MAD 67.2 billion
🏦 BCP – MAD 65.05 billion
⚛️ Managem – MAD 57.9 billion
🧱 LafargeHolcim – MAD 48.3 billion

📊 Morocco continues to emerge as a key financial hub in the region, backed by strong fundamentals and sectoral leadership.

Data source: african | markets

🔍 Deep Dive | ZCCM Investments Holdings Plc: 5 Years of Strategic Shifts & Mining Milestones.

Over the past five years, ZCCM-IH has navigated complex shifts across the mining and investment landscape. Here's a concise view of how profit, share price, and dividends have evolved:

📈 Profits grew steadily from ZMW 568 million in 2020 to a peak of ZMW 4.84 billion in 2023, before a reversal to a ZMW 4.38 billion loss in 2024.

💵 Share Price remained stable around ZMW 38 from 2020 to 2022, then climbed to ZMW 42 in 2023, and surged to ZMW 65 in 2024, indicating strong investor confidence.

💰 Dividends increased year-on-year, rising from ZMW 0.53/share in 2020 to a record ZMW 3.29/share in 2024 — the highest payout over the period, even in a loss-making year.

Data Source: www.zccm-ih.com.zm

Stock Market Movers in Zambia – August 2025
By Market Capitalization Growth📊📈

Here are the leading companies driving growth in the Zambian equity market, ranked by their percentage change in market capitalization for August 2025:

Metal Fabricators (ZAMEFA) – +96.1%
BATZ – +78.5%
AiAirtel Zambia +40.7%
ZCZCCM IH Plc +13.9%
Real Estate Investment Zambia (REIT)– +12.5%
ZaZambia-Sugar +12.4%
CoCopperbelt Energy Corporation Plc +8.6%
African Explosives (AEL) – +5.0%
ZaZanaco +1.3%
BaBata -0.3%

These movements reflect the companies’ performance on the Lusaka Securities Exchange during August 2025.

Data Source: SBZ Daily Market Report

📢 Upcoming Webinar: Exploring the Secondary Bond Market in Zambia

🗓️ Date: Tuesday, 2nd September 2025
🎯 Host: Lusaka Clearing and Settlement Agency (LCSA)

We are excited to share that the Lusaka Clearing and Settlement Agency (LCSA) will be hosting a Secondary Bond Market Webinar, featuring a diverse lineup of panelists from across the financial markets industry.

This is a great opportunity for professionals, investors, and market participants to gain deeper insights into Zambia’s secondary bond market—its structure, trading mechanisms, and the evolving investment landscape.

💡 Don’t miss out on this informative session and the chance to engage with industry leaders.

🚨Kicking Off the Final Month of Q3 – Key Economic Highlights to Watch 📊

As we enter the last stretch of Quarter 3, here are some important updates shaping the economic landscape:

⛽ Fuel Prices on the Rise
Pump prices have increased by:

4.2% for petrol (now trading at K29.18/Litre)
8.2% for diesel (now at K25.02/Litre)

📉 Inflation Eases Further
Inflation has cooled from 13.0% in July to 12.6% in August – a 3.1% drop. This continued decline could mean better returns for bondholders and shareholders, signaling positive momentum for investors.

🌍 Ghana Tightens FX Regulations
The Bank of Ghana has introduced new Foreign Exchange Measures aimed at combating money laundering and enhancing financial transparency.

📌Stay informed. These developments will play a key role in shaping both market sentiment and investment decisions in the coming weeks.

Energy Regulation Board- ERB
Bank of Ghana
ZamStats

Namibia's Manufacturing Sector Sees Price Decline, but Mining Holds Strong ⛏️

According to the latest data from the Namibia Statistics Agency, producer prices in the Manufacturing sector recorded a 3.1% decline quarter-on-quarter, signaling some easing in cost pressures within the industry.

📈 Interestingly, despite this downward trend in manufacturing prices, the Mining and Quarrying sector demonstrated resilience, posting a robust 4.5% growth over the same period.

This contrast highlights the dynamic nature of Namibia’s industrial landscape and the crucial role the extractive industries continue to play in the economy.

📊📈Namibia’s Hidden Investment Gems💎 Are Outperforming – Are You Paying Attention?📊📈

Namibia’s stock market is currently dominated by companies that are dual-listed in both Namibia and South Africa. While this brings regional exposure, it also highlights the need for more local companies to list and participate in growing our economy and building wealth at home.

There are currently 12 companies primarily listed on the Namibian Stock Exchange (NSX), with their market values as follows

FirstRand Namibia – $770M

MTC – $362M

Namibia Breweries – $337M

Letshego Holdings – $187M

Oryx Properties – $86M

Paratus Namibia – $71M

Alpha Namibia Industries – $38M

Agra Limited – $22M

Trustco Group – $16M

Nictus Holdings – $9M

✅ In 2024, we’ve seen strong local stock performance:

Letshego Holdings: +49.2%

Nictus Holdings: +30.4%

Capricorn Group: +24.7%

These results show that local companies can deliver real value. There's a great opportunity for more Namibian businesses to step into the market and contribute to long-term natural growth

❗Are You an Investor on the The JSE Group ? Don’t Miss Out on This Mining Firm’s Exciting Dividend Update!📊📈

For the Half Year ended 30 June 2025, ExExxaroesources declared an Interim dividend of ZAR 8.43 per share.

The company is advancing its transition to renewable energy through the strategic acquisition of manganese assets, with a transaction value ranging between $507 million and $825 million.

Headline earnings per share (HEPS) rose to 17.24, up from 15.28 in the corresponding period last year, reflecting improved financial performance.

ReReuters