Zambian Money

Zambian Money Offering insights, expert personal finance tips and in-depth analysis of current financial news.

Learn and earn. Start with right knowledge...
15/05/2026

Learn and earn. Start with right knowledge...

The latest April 2026 GRZ bond auction shows that investors still prefer shorter-term government securities despite yiel...
12/05/2026

The latest April 2026 GRZ bond auction shows that investors still prefer shorter-term government securities despite yields remaining attractive relative to inflation (around 6.8%).

The 2-year and 3-year bonds were oversubscribed, while longer-term bonds saw much weaker demand. One reason could be concern over some long-term bonds being issued at a “premium”, meaning investors pay more upfront while worrying that future interest rates may rise even further.

In simple terms, many investors seem comfortable lending short-term for now, but remain cautious about locking money away for 10-15 years under current market conditions.

Still, GRZ securities continue to offer returns well above inflation, making them an important option for income and capital preservation.

ANNUAL OVERALL INFLATIONAnnual inflation for April 2026 slowed down to 6.8 percent from 7.1 percent recorded in March, 2...
12/05/2026

ANNUAL OVERALL INFLATION
Annual inflation for April 2026 slowed down to 6.8 percent from 7.1 percent recorded in March, 2026, meaning that on average, prices of goods and services increased by 6.8 percent between April 2025 and April 2026.

Source ZamStats

27/04/2026

💰 Something “New” Happened in the GRZ Bond Auction

Last week, we saw something unusual in the GRZ bond market…
For the 7, 10, and 15-year bonds, the Coupon (what you see) was higher than Yield (what you actually earn)

📊 Let’s break it down using K100,000

🔹 7-Year Bond (Years = 7)
Coupon = 16% → K16,000 per year
Yield = 15.98%
Face value: K100,000
What you likely paid: ~K100,800
Premium: ~K800

🔹 10-Year Bond (Years = 10)
Coupon = 16.60% → K16,600 per year
Yield = 16.50%
Face value: K100,000
What you likely paid: ~K101,800
Premium: ~K1,800

🔹 15-Year Bond (Years = 15)
Coupon = 17.59% → K17,590 per year
Yield = 17.50%
Face value: K100,000
What you likely paid: ~K102,500 – K103,000
Premium: ~K2,500 – K3,000

What Does This Mean? (Simple)
You paid a small top-up to access that higher interest.

Final Takeaway
The interest (coupon) looks attractive
So investors are willing to add a small premium upfront
That’s why your real return becomes the yield

You didn't pay exactly K100,000, you added a little extra to secure that income.

07/04/2026

GRZ Bonds Auctions

In case you missed it, GRZ Bonds will no longer be issued every month but twice in a quarter. For this quarter two, the following is the calendar:

Friday 24 April 2026
Friday 26 June 2026

Treasury bill auction frequency has continued being after every two weeks.

🔖 FEATURED OPPORTUNITY | Nissan HardbodyNot every asset sits in a bank account… some come on four wheels 👀🚗 A clean whit...
02/04/2026

🔖 FEATURED OPPORTUNITY | Nissan Hardbody

Not every asset sits in a bank account… some come on four wheels 👀

🚗 A clean white Nissan Hardbody is up for grabs. Strong, reliable, and ready for work or everyday use.

Where your budget allows, this is the kind of asset that can serve both lifestyle and productivity.

From time to time, we share opportunities like this, but remember, the goal is always the same: building wealth intentionally.

📩 📞 Direct enquiries: Please use the contact number on the image for faster response. DMs may not be attended to for this listing.

🏡 Looking to turn your money into a real asset?Here’s an opportunity to own property and start building long-term wealth...
31/03/2026

🏡 Looking to turn your money into a real asset?
Here’s an opportunity to own property and start building long-term wealth.
Whether you're:
✔️ A first-time buyer
✔️ An investor seeking rental income
✔️ Or simply looking to secure your future
This could be your next move.
📌 See details on the poster below
📩 Inbox for more information
Real assets. Real value. Real growth.

31/03/2026

📉 Inflation is down… but yields are still high. Opportunity?

Zambia’s inflation has eased to 7.1% (YoY) down from 7.5% in February.

Meanwhile, Government bond yields remain attractive:

2YR: 14.5%
3YR: 14.9%
7YR: 16.0%
10YR: 16.6%
15YR: 17.59%

💡 What’s the play?
Lower inflation + high yields = stronger real returns

Your money keeps more of its value
Fixed income is quietly becoming attractive again
Long-term investors can lock in high rates now

But here’s the catch:
If inflation keeps falling, yields may follow

📍 Smart investors are asking:
“Should I lock in now before rates drop?”

📊 Bottom line:
This is one of those moments where positioning beats timing meaning it’s more important to be correctly invested (in the right assets, for the right duration) than trying to perfectly guess when to enter or exit the market.

Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always do your own research or consult a licensed financial advisor before making investment decisions.

LuSE Market Insight (5/5)The Bigger Investment LessonThe comparison between Bata Shoe Company Zambia and Zanaco highligh...
13/03/2026

LuSE Market Insight (5/5)

The Bigger Investment Lesson

The comparison between Bata Shoe Company Zambia and Zanaco highlights an important principle when analysing companies on the Lusaka Securities Exchange.

Two companies can trade at almost the same share price, yet reflect very different valuations when you look beneath the surface.

When investors analyse shares, they often consider several factors together, including:

Earnings valuation (P/E ratio)
Asset valuation (Price-to-Book ratio)
Future growth expectations

The market is not simply pricing what a company is today, but also what investors believe it could become tomorrow.

This is why share price alone rarely tells the full story.

The real insight comes from looking at the numbers behind the price.

Disclaimer: This content is for educational and informational purposes only and should not be considered financial or investment advice.

LuSE Market Insight (4/5)Why Markets Price Companies DifferentlyFrom the earlier posts, the comparison between Bata Shoe...
06/03/2026

LuSE Market Insight (4/5)
Why Markets Price Companies Differently

From the earlier posts, the comparison between Bata Shoe Company Zambia and Zanaco may lead some observers to a quick conclusion.

Those who follow sports might even say “Zanaco wins.”

But markets are rarely that simple.

Higher valuation multiples often reflect expectations about the future, not just current numbers. Investors may be willing to pay a premium if they expect:

- Stronger earnings growth
- Higher profitability
- Strategic expansion

In this case, the higher valuation of Bata may indicate that the market expects stronger future growth or improved performance relative to Zanaco.

The key analytical question therefore becomes:

Are those expectations justified by the company’s fundamentals and future prospects?

Next: The broader investment lesson.

Disclaimer: This content is for educational and informational purposes only and should not be considered financial or investment advice.

LuSE Market Insight (3/5): Bata - Zanaco Comparison Continued Price vs Net Asset ValueIn the previous post, we saw that ...
05/03/2026

LuSE Market Insight (3/5): Bata - Zanaco Comparison Continued
Price vs Net Asset Value

In the previous post, we saw that Bata Shoe Company Zambia and Zanaco were valued very differently when comparing their earnings through the P/E ratio.

A similar contrast appears when we look at the Price-to-Book (P/B) ratio, which compares a company’s share price to the value of its net assets.

On that same day:
Bata traded at a P/B ratio of 4.33
Zanaco traded at a P/B ratio of 2.06

In simple terms, investors were paying:
K4.33 for every K1 of Bata’s net assets
K2.06 for every K1 of Zanaco’s net assets

This means the market was paying more than twice the asset premium for Bata compared to Zanaco.

Once again, the valuation metrics pointed to Zanaco trading at a relative discount, despite the two companies having almost identical share prices.

Next: If the valuations were so different, what might explain the premium investors were willing to pay?

Disclaimer: For educational purposes only. Not financial advice.

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