BCI shows Highest Business Confidence in 2 years about the business environment
The BCI for Q3 of 2021 was recorded at 156 points. This is much higher than the 15 recorded in Q1 of 2021, the 156 points implies that the business executives expressed very positive sentiments about the business environment. Business Confidence Index (BCI) is the ZACCI proprietary tool that measures […]
Maize Meal in Zambia: The Giffen Good Paradox
Mealie meal in Zambia (Corn meal) is not a normal good in the economic sense, it is a Giffen good. This paper sets out the conditions under which we would expect Giffen behaviour can be demonstrated by elaborating Marshall’s statement with respect to Mealie meal prices in Zambia. This […]
Mining Local Content SI
According to a recent report commissioned by the African Development Bank (Lombe, 2019), the Zambian Mining industry consumed an estimated $2.4bn worth of selected goods and services in 2017. Locally manufactured goods and resident service provision only accounted for 10.6% of total purchases. Goods and services procured from Zambian owned […]