http://www.richmindsetmedia.co.zm/

Rich Mindset Media, Kitwe Nkana (2026)

28/01/2026

MARKETING AND DISTRIBUTION BUSINESS: How to Manage and Grow a Distribution Business and Earn Real Money

I’ve always encouraged school leavers and college graduates to self employ while they wait for a formal job. You don’t need big capital to start. What you need is the discipline to learn sales and marketing and the mindset to help people who already have capital sell their products.

The Fast Moving Consumer Goods (FMCG) sector is a multibillion kwacha industry, spanning a vast network from manufacturers to local retailers. On this page, we will pull back the curtain on how this supply chain operates and provide a roadmap for those looking to enter the space.

We are currently looking for independent contractors and sales agents to join us in distributing a diverse range of products from our strategic partners. Whether you are looking to build a side hustle or scale a professional distribution business, we will show you how to leverage our marketing expertise and logistics network to succeed.

Why Partner with WALA Brands?

Established Network: Gain immediate access to high demand products from reputable manufacturers.

Marketing Support: Benefit from our roots as a marketing agency to drive consumer demand and retail sell through.

Scalable Growth: Start as an independent agent and grow into a regional distribution partner.

This same thinking is what guided our transition of WALA Brands Distribution from a marketing agency into a full scale distribution business in Zambia. We leveraged our existing brand identity and marketing expertise, then built the real engine of distribution: a reliable supply chain. By prioritizing logistics, regulatory compliance, and strategic partnerships, you can move products efficiently from manufacturers to retailers and directly to end consumers.

This is the playbook you should follow to start and grow a serious marketing and distribution business.

1. Legal and Regulatory Framework

Before physical distribution begins, you must ensure your business is legally authorized to trade and move goods within Zambia.

Company Registration: Ensure your business is registered as a limited liability company with the Patents and Companies Registration Agency (PACRA).

Tax Compliance: Register for a Taxpayer Identification Number (TPIN) through the Zambia Revenue Authority (ZRA) and ensure you are registered for VAT if your turnover exceeds the threshold.

Trading Licenses: Obtain a Wholesale or Retail Trading License from your local council.

Special Permits: If distributing specialized goods like pharmaceuticals or food, you must obtain permits from the Zambia Medicines Regulatory Authority (ZAMRA) or relevant health authorities.

2. Sourcing and Partnership Strategy

The success of a distribution agency depends on the strength of its relationships with manufacturers and retailers.

Manufacturer Agreements: Negotiate favorable terms for wholesale pricing, credit periods, and "sale or return" policies to protect your cash flow.

Retailer Network: Build a database of potential partners, ranging from large chain stores (e.g., Shoprite, Pick n Pay) to local wholesalers and independent retail shops.

Strategic Sourcing: Use market research to identify high demand, fast moving consumer goods (FMCG) that align with your current WALA brand presence.

3. Logistics and Operations

Efficient movement of goods is the core of a distribution business.

Warehousing: Secure storage facilities near major urban centers (like Lusaka or the Copperbelt) to reduce shipping distances and costs. But always start small. Start from home if you have to. Build capacity as you grow.

Inventory Management: Implement a digital tracking system to monitor stock levels, prevent stockouts, and manage expiration dates for perishable goods.

Last Mile Delivery: Establish a fleet or partner with local courier services to ensure timely delivery to retailers.

4. Marketing and Sales Integration

As an existing marketing agency, WALA Brands has a competitive edge in creating demand for the products it distributes. The brand is slowly growing and will soon be expanding as we ask some of you to be agents and help distribute various key brands and products.

B2B Marketing: Use digital catalogs, industry trade shows, and LinkedIn to connect with retail buyers and wholesalers. WALA Brands Distributors (WBD) will help you with this as an independent agency.

Consumer Demand: Launch social media campaigns (WhatsApp and Facebook are highly effective in Zambia) to build brand awareness directly with consumers, which in turn drives retailers to stock your products.

Sales Promotions: Collaborate with retailers on in store promotions, which have been shown to increase sales volumes by 30%–50% in the Zambian market.

Unlock all these strategies and start your journey toward real returns right here! 2026 is the year we scale alongside the Zambian economy. Don't get left behind, follow this page and let’s grow our wealth together!

Kamphembele Ngulube
28/1/2026

For Rich Mindset Media and Rich Mindset Academy

28/01/2026

NEW ASSET ALERT: Diversify Your Portfolio with KlaptonRe

The Lusaka Securities Exchange (LuSE) is expanding! Klapton Reinsurance has officially begun the process for a Direct Listing starting March 24th, 2026.

For the Rich Mindset community, this is a clear signal of capital market growth and a new opportunity to own a piece of the reinsurance sector. Keep your eyes on the regulatory approvals as this moves forward.

A growing market means more ways to put your money to work. Are you ready for March?

28/01/2026

LuSE MARKET BREAKDOWN: Analyzing the Numbers from Jan 27, 2026

In the Rich Mindset Academy, we don’t just look at numbers; we look for the story those numbers are telling us. Yesterday, January 27, was a significant day on the Lusaka Securities Exchange (LuSE), and there are some vital lessons for every budding investor to unpack.

The All Share Index (LASI) closed at 26,112.66, marking a slight dip of -0.47%. While a red day might seem discouraging, it's actually the perfect time to observe market behavior.

🟢 The Gainers: Steady and Resilient

In a declining market, seeing green is a sign of underlying strength or positive sentiment in specific sectors.

Airtel Networks Zambia (ATEL): Led the pack with a gain of +0.35%, closing at K139.75. As a giant in the telecoms and mobile money space, ATEL remains a "defensive" favorite. People keep calling and sending money even when the market is shaky.

Copperbelt Energy Corporation (CECZ): Gained a marginal +0.05% to close at K19.09. In the energy sector, CECZ is often viewed as a bellwether for industrial activity. Even a small gain here shows investor confidence in the utility sector’s stability.

🔴 The Decliners: Understanding "The Dip"
This is where the real education happens. Why did these stocks drop?

Standard Chartered Bank (SCBL): This was the biggest shocker of the day, plummeting -16.00% to close at K2.10. A double-digit drop in a major bank usually signals high volume trading or a reaction to specific news. For a student of the market, this is a "Watchlist" event is it an overreaction, or is there a fundamental shift?

Dot Com Zambia (DCZM): Dropped -9.59% to close at K22.15. As a tech driven player on the Quoted Tier, DCZM tends to be more volatile. High growth potential often comes with high price swings.

Puma Energy (PUMA) & Zambeef (ZMBF): Both saw minor declines (-0.54% and -0.46% respectively). These are consumer facing giants; their slight dips often reflect broader "belt-tightening" in the economy.

Key Lessons for the Rich Mindset Academy investors

1. Diversification is Your Shield: While SCBL took a massive 16% hit, ATEL and CECZ stayed green. If you only held banking stocks yesterday, your portfolio would be hurting. By spreading your investments across Telecoms and Energy, you balance the risk.

2. The Index vs. The Stock: The All Share Index only dropped 0.47%, yet one stock dropped 16%. This teaches us that the "market" might be stable while individual companies are undergoing massive volatility. Never judge a stock solely by how the overall index is doing.

3. Volatility is Opportunity: For the "Rich Mindset" investor, a 16% drop in a blue chip company like Standard Chartered isn't just a loss, it's a research project. Is the stock now "on sale," or is there a reason to stay away?

Investor's Tip: Red days are for learning; green days are for earning. Use days like yesterday to study which companies stayed strong while others faltered.

Kamphembele Ngulube
28/1/2026

For Rich Mindset Academy and Rich Mindset Media

Disclaimer: The information provided on this page is for educational purposes only and does not constitute financial advice. Investors should conduct their own due diligence or consult a licensed broker.

28/01/2026

JUST SHORT OF A MILLION TONS ZAMBIAN COPPER PRODUCTION UP BY 8%: The 2026 Outlook - Zambia’s Copper Momentum and What it means for your business

In 2025, Zambia’s copper production hit a record 890,346 metric tonnes an 8% increase from 2024. While the country narrowly missed the ambitious 1 million tonne target due to operational setbacks like the Sino Metals tailings collapse, the momentum for 2026 is undeniable.

As the global price of copper hovers near all time highs ($13,273/tonne), Zambia is positioning itself as a central player in the global energy transition.

For Zambia’s economy and local entrepreneurs, this isn’t just a “mining story”, it’s the start of an Industrial Revolution, and it’s something to be excited about, plan for, and prepare for in a holistic way.

The Ministry of Finance is projecting 6.4% GDP growth in 2026, largely driven by a rebound in the mining sector a strong signal for Zambia’s economy. Even the bond market is reflecting that confidence: recent issuances were oversubscribed, with the government selling over K10 billion in bonds.

Record copper prices are providing a critical buffer for the Kwacha, helping stabilize import costs. Increased mineral royalty taxes are being funneled into national debt management and infrastructure, improving the overall "Ease of Doing Business.”

It’s worth noting that the two major Copperbelt mining players are projecting strong growth. With Konkola (KCM) and Mopani ramping up under new investment, Zambia is without a doubt expected to surpass the 1 million tonne copper production mark in 2026.

Global supply disruptions (like the Grasberg mine flood and Cobre Panama shutdown) have created a structural deficit. Because Zambia’s output is rising while others are stalling, the "Zambian Premium" is increasing. This attracts Tier 1 investors and M&A activity, such as the $2 billion expansion at Barrick’s Lumwana mine.

As an entrepreneur in Zambia and Africa, this commodity boom cycle won’t last forever but it is here so preparation is key. The goal is to move from being a bystander to a beneficiary. Here is how SMEs and entrepreneurs should prepare right now:

A. Target the "Secondary" Value Chain

Don’t just try to "dig copper." The real money for SMEs is in support services.

Tech & Data: Modern mines (like First Quantum’s Kansanshi) are moving toward AI driven monitoring and automated ore sorting. There is a massive gap for local IT firms that can provide IoT maintenance, drone surveying, or data analytics.

Green Services: Mines are under pressure to meet ESG (Environmental, Social, and Governance) standards. Entrepreneurs specializing in water recycling, solar installations for mine sites, or "Circular Economy" waste management (reprocessing tailings) will be in high demand.

B. Navigate the New Regulatory Landscape

The Minerals Regulation Commission Act of 2024 has consolidated power into a single entity (the MRC).

Action: Ensure your business is fully compliant with the new licensing and mineral trading permit requirements. The era of "fragmented" regulation is over; centralized compliance is now the gatekeeper to mining contracts.

Certification: Pursue ISO or ESG certifications. Large mining firms are increasingly restricted to sourcing from "certified" local suppliers.

C. Upskill for "Quantum Mining"

The World Bank predicts that tripling production in Zambia to 3,000,000 tonnes annually could create 200,000 direct jobs and 300,000 indirect roles.

Training: If you run a consultancy or HR firm, focus on technical vocational training (TVET). There is a critical shortage of heavy equipment mechanics, specialized welders, and safety inspectors.

D. Financial Positioning

With high copper prices, the cost of "Treatment Charges" (the fee for processing ore) has plummeted to near zero, shifting power to the miners.

Action: If you are a small scale or junior miner, use this window of high prices to reinvest in exploration and technology rather than just liquidating profit. High prices make previously "uneconomic" small deposits viable for financing.

Copper is no longer just a commodity; it is a "strategic hard asset" like oil once was. In Zambia, the opportunity is shifting from the pit to the platform; the tech, logistics, and services that keep the mines running.

Kamphembele Ngulube
28/1/2027

For Rich Mindset Media and Rich Mindset Academy

24/01/2026

THE ESSENTIALS ECONOMY: WHY FOOD, HYGIENE & HEALTH ARE GOLD MINES AND HOW TO OPERATE AND SCALE IN THESE MARKETS

Operating a trading business in Zambia is one of the most practical paths to wealth creation, but only if you transition from being a "middleman" to a strategic asset manager. When structured correctly, a trading venture isn't just a job, it’s a cash flow engine designed to fuel further expansion or build a sophisticated portfolio on the Lusaka Securities Exchange (LuSE).

The food, hygiene, and health sectors are areas I haven’t fully developed in my business yet but that changes this year.

I’ll break down the full business process step by step, then later guide you practically on how to navigate this competitive space and extract real value from the Zambian consumer market.

Make sure you follow this page, or join the Rich Mindset Academy for more tips on Telegram. Link in the comments below. Classes are free.

In the Zambian context, a business is only a true asset when it operates with systems that generate consistent, predictable profits. For the savvy investor, these profits serve two primary purposes:

Reinvestment: Scaling operations to capture more market share.

Diversification: Moving capital into the LuSE to buy into established giants in mining, banking, or manufacturing, creating a hedge against operational risks.

The food, hygiene, and health consumer sectors are gold mines, but they are also battlegrounds. You are competing against vertically integrated giants; companies that own the farms, the processing plants, and the distribution networks.

These players can lower their prices to levels that would crush a small trader’s margins (undercutting).

You must find the "cracks" in their efficiency, specifically in localized distribution and niche packaging that large scale machines often overlook.

Zambia’s strength lies in its small scale and commercial farmers who produce maize, rice, soya beans, and groundnuts in massive quantities. These are typically traded in 50kg or 90kg bags at wholesale prices.

The opportunity lies in unit size optimization:

The "Pamela" Economy: There is a vast market of consumers who earn daily or weekly wages. They cannot always afford a 25kg bag of mealie meal or a 50kg bag of rice.

Value Extraction: By purchasing in bulk and repackaging into 1kg, 2kg, 5kg, or 10kg units, you are not just selling a commodity; you are selling affordability and convenience. The price per kilogram in a 1kg pack is almost always higher than in a 50kg bag, allowing you to capture a significant "convenience premium."

In the consumer goods space, the "product" is often a secondary consideration to the "perception." Whether it is peanut butter, cooking oil, or detergents, the chemical or nutritional differences between the top tier brand and the newcomer are often negligible.

To extract maximum value, focus on the following two critical elements:

Packaging Aesthetics: Your product must look like it belongs on a Shoprite or Pick n Pay shelf, even if it’s being sold in a local market.

Narrative Marketing: Small scale entrepreneurs can win by being "local," "fresh," or "fortified."

In health and hygiene, consistent packaging implies quality control. If the consumer trusts your brand, they will pay the premium over unbranded, loose sold alternatives.

In Zambia, trading is a volume game but investing is about owning the brand and controlling distribution. When you take raw agricultural output and apply strong branding with tiered packaging, you stop selling a commodity and start building a scalable, high margin enterprise.

As always, we start small and grow through smart branding and packaging. If you’d like to join our marketing team and you’re ready to be your own boss earning commission money, join the Rich Mindset Academy using the link in the comments below. We’ll soon begin marketing our various products.

Kamphembele Ngulube
24/1/2026

For Rich Mindset Media and Rich Mindset Academy

23/01/2026

LuSE MARKET ANALYSIS: Market Performance Analysis for the Week of January 19th – 23rd, 2026

Weekly Market Wrap Up: The Bears Take Control

This week on the Lusaka Securities Exchange (LuSE) was a classic example of why patience and emotional control are vital for an investor. The market opened at 26,349 and closed the week lower at 26,217, wiping out approximately 132 points from the All Share Index.

For the investor, the key lesson this week is Volatility vs. Stability. We saw a "hype" stock spike early in the week only to crash later, while the broader market slowly bled value.

Daily Market Breakdown Table (Shown below): See the day by day play of how the market moved in the table below.

Rich Mindset Analysis: 3 Key Lessons

✅ The "Green Candle" Trap (Case Study: DCZM)

Look at Dot Com Zambia (DCZM) on Tuesday. It rocketed up +6.42%.

The Amateur Move: Sees the price jumping on Tuesday and buys in due to FOMO (Fear Of Missing Out), thinking it will go higher.

The Reality: By Thursday and Friday, the stock dropped -3.84% each day.

The Lesson: If you bought the hype on Tuesday, you finished the week losing money. Professional investors don't chase pumps; they wait for value.

✅ Real Estate Isn't Always "Safe" (Case Study: REIZUSD)

Real Estate Investments Zambia (REIZUSD) took a massive hit on Friday, dropping 11.11%.

Many people think real estate stocks are boring and safe. This drop reminds us that liquidity issues or market sentiment can hit any sector. An 11% drop in one day is a major discount or a falling knife. A Rich Mindset investor would investigate why it dropped before buying.

✅ The "Boring" Winner (Case Study: BATZ)

While tech and real estate were volatile, British American To***co (BATZ) quietly gained value early in the week (Mon/Tue). It didn't make headlines, but it provided stability until a small correction on Thursday. Consistent, boring cash flow often beats volatile speculation.

RICH MINDSET Verdict for the Week

Sentiment: Bearish (Sellers were in control).

Opportunity: The dip in CHIL (Cement) early in the week was a buying opportunity for the Wednesday bounce. The crash in REIZUSD on Friday might be a discount for long term holders, depending on the fundamentals.

PRACTICAL SITUATION: Let us calculate the specific loss an investor would have made if they invested K10,000 in DCZM on Tuesday peak vs. Friday close.

Here is the breakdown of the loss for the "hyped" investment in Dot Com Zambia (DCZM).

The "FOMO" Trade Calculation

Scenario: An investor sees the price jumping on Tuesday and buys K10,000 worth of shares at the peak closing price.

Investment: K10,000
Buying Price (Tue 20 Jan): K26.50 per share
Selling Price (Fri 23 Jan): K24.50 per share

The Result

Shares Bought: With K10,000, you could buy approximately 377 shares (leaving K9.50 as change).

Value on Friday: Those 377 shares are now worth K9,236.50.

Total Loss: K754.00 (approx. -7.5% loss in just 3 days).

Lesson for Investors

If you had simply held that cash or bought a stable stock like BATZ, you would have preserved your capital. By chasing the "hot stock" after it had already pumped, you lost K754, which is effectively the cost of learning that buying at the top is the fastest way to lose money.

Kamphembele Ngulube
23/1/2026

Rich Mindset Media and Rich Mindset Academy

Disclaimer: The information provided on this page is for educational purposes only and does not constitute financial advice. Investors should conduct their own due diligence or consult a licensed broker.

23/01/2026

DO NOT INVEST YOUR RENT MONEY: The Rich Mindset Approach to the LuSE Trading in Shares

We need to have a serious conversation about why you need to upgrade your business and investor mindset. We all know that in business, you don’t gamble with your capital, you deploy it strategically. The same rule applies to the Lusaka Securities Exchange (LuSE).

Before we touch the "Buy" button on the LuSE app, we first need to upgrade the software running in your mind.

When it comes to investing in shares, we aren't just here to buy shares; we are here to build a LEGACY. But to do that, you need to understand the difference between being "Cash Rich" and being "Wealthy."

Ask yourself this: If you went to sleep today and didn't wake up to work for 3 months, would money still flow into your account?

You must understand the difference between active income and passive income.

Active income comes from your labour where you trade time for money. The moment you stop working, the income stops.

Passive income comes from assets, your money and investments do the work. Even if you step away, the payments can keep coming.

Investing on the LuSE is about moving away from 100% effort (active income) and letting your assets pay for your lifestyle (passive income).

One of the biggest mistakes I see new investors make is using money meant for survival to buy shares. The stock market is a wealth building machine, not a slot machine. It requires time, not desperation.

A Rich Mindset isn’t just about making money, it’s about organizing it with purpose. If your money is sitting in one pile, you’ll keep mixing rent money with investment money, and that’s how people panic sell, borrow unnecessarily, or delay big goals.

The solution is simple: split your money into 3 buckets.

Bucket A: SURVIVAL (0–12 Months)

This is your short term safety bucket. It covers what must be paid no matter what like rent, school fees, groceries, transport, and an emergency fund.

Where it belongs and must be deposited: Bank savings or money market funds.

Do not put this in the stock market. This money must stay safe and liquid, ready for immediate use.

Bucket B: GOALS (1–5 Years)

This is your medium term progress bucket. It’s for planned targets like buying a plot, a wedding, starting a business project, or saving for a car.

Where it belongs and must be deposited: Government bonds or balanced funds; places that aim for growth but with controlled risk.

This bucket helps you build without gambling with your future.

Bucket C: FREEDOM (5+ Years)

This is your long term wealth bucket; the one that changes your life. It’s for retirement, generational wealth, and financial freedom.

Where it belongs and must be deposited: LuSE shares (equities).

This is money you don’t touch. You let time and compounding do the heavy lifting.

When you organize your money into these three buckets, you stop making emotional decisions and start building a system. That’s what a Rich Mindset looks like: structure, discipline, and long term thinking.

You don't need to be a genius to win; you just need a system. Have Consistency: It is better to invest K200 every month than K5,000 once a year. Build the habit first, and the wealth will follow. Make sure you Document everything: You are the CEO of your life. If you don't track it, you can't grow it. Write down what you buy on the LuSE. Lastly, have Patience: Wealth building is like watching a tree grow. If you want fast money, go to the casino. If you want sure money, stay here and learn more!

I have posted a PDF Investor Worksheet in the Rich Mindset Academy Telegram group (Link in the comments below). The class is free.

I need you to fill this out honestly to identify your financial goals and your "Financial Anxiety" levels.

Question for the comments: If your portfolio drops by 10% tomorrow, do you panic and sell, or do you get excited for the "discount" and buy more? 🤔👇

Kamphembele Ngulube
23/1/2026

For Rich Mindset Academy and Rich Mindset Media

23/01/2026

STRATEGIC LIQUIDITY: Zambia Quadruples Foreign Access to Local Bond Markets. What this means to local entrepreneurs and investors

In a significant policy pivot designed to stabilize currency flows and manage liquidity, the Bank of Zambia has aggressively reopened its local debt market to international capital. Effective January 2026, the cap on non resident ownership of government securities has been raised from 5% to 23%.

For investors and entrepreneurs operating in the region, this signals a shift from the post default protectionism of 2023 toward a strategy of liquidity and refinancing.

Why Now?

The timing of this policy change is driven by a specific financial reality: Zambia faces a $1.16 billion debt wall in 2026. This figure comprises maturing debts, coupons, and discounts that must be paid this year.

By raising the cap, the Central Bank is executing a "defensive rollover" strategy:

Refinancing vs. Exit: Instead of forcing foreign investors to cash out their maturing bonds (taking hard currency out of the country), the higher cap encourages them to reinvest that capital into new Zambian securities. Expect the LuSE to do well again this year.

Currency Defense: This significantly lowers the risk of capital flight, mitigating downward pressure on the Kwacha. If investors roll over their debt, the demand for US Dollars to repatriate funds decreases.

What are the Implications for Investors?

For the international investment community, this is a reopening of the window into high yield African sovereign debt, but it comes with new fiscal caveats.

Market Access: The liquidity pool for foreign entry has more than quadrupled. This removes the bottleneck created in 2023 during the debt restructuring process.

The Yield Trade Off: While access has increased, net returns may be impacted by fiscal tightening. Proposed legislation for the 2025-2026 period includes increasing Withholding Tax (WHT) on interest from government bonds for non-residents from 15% to 20%.

Investor Note: You must factor this 500 basis point tax hike into your yield calculations when assessing real returns.

What are the Implications for Entrepreneurs?

For business owners in Zambia, this macro financial move has direct operational consequences:

FX Stability: The primary goal of this move is to prevent a run on the Kwacha. If successful, this should lead to more predictable exchange rates in 2026, aiding in forecasting for imports and supply chains. This is an election year and government would like to see stability in the forex markets.

Credit Environment: Successful management of the $1.16 billion debt obligation prevents a domestic liquidity crunch. This helps ensure that local banking liquidity isn't entirely sucked up by government borrowing, theoretically leaving room for private sector credit.

A Return to Normalization?

Zambia became Africa’s first pandemic era defaulter in 2020. The restrictive 5% cap introduced in 2023 was a triage measure during complex restructuring negotiations. Raising this limit to 23% suggests that Zambia is moving out of the "crisis management" phase and into a "market normalization" phase, having reached arrangements with the majority of its external creditors.

Kamphembele Ngulube
23/1/2026

For Rich Mindset Media and Rich Mindset Academy

15/01/2026

FULL MARKET ANALYSIS: Rich Mindset Academy: Daily Market Pulse

Date: Thursday, 15 January 2026

Market Sentiment: Slightly Bullish (Optimistic)

THE INDEX: The Big Picture (All Share Index)

LASI Closed at: 26,316.61 with Movement: 🔼 Up by 0.15%

Rich Mindset Lesson: The market overall is "green" today. A 0.15% rise might seem small, but it shows steady confidence. The market is moving forward, not backward.

🟢 The Gainers (Money Flowing In)

Look at who is attracting capital today. The industrial and banking sectors are showing strength.

ZMFA (Metal Fabricators of Zambia): K59.97 (🔼 +1.32%)

The Leader: Today's top performer. When industrial stocks rise, it often signals economic activity in construction or export.

CHIL (Chilanga Cement): K78.70 (🔼 +1.22%)

Solid Growth: Nearly a K1 gain per share. Cement is a foundational asset; this rise pairs well with ZMFA's performance.

ZNCO (Zanaco): K5.97 (🔼 +0.34%)

The People's Bank: A small tick up, edging closer to the K6.00 mark.

ZABR (Zambian Breweries): K7.02 (🔼 +0.14%)

Steady Consumption: Crossed back over the K7 mark.

ZSUG (Zambia Sugar): K75.08 (🔼 +0.11%)

Sweet Returns: Minimal movement, but staying strong at K75+.

🔴 The Decliners (The Discount Counter)

Remember: Red doesn't always mean "danger." For the intelligent investor, it often means "discount."

PMDZ (Pamodzi Hotels): K4.62 (🔻 -7.60%)

Major Drop Alert: This is the most significant move of the day. A 7.6% drop is steep.

Class Question: Is the hotel industry struggling, or is this just low liquidity causing a price swing? Watch this one closely.

SCBL (Standard Chartered): K2.52 (🔻 -0.79%)

PUMA (Puma Energy): K3.67 (🔻 -0.54%)

Opportunity? Energy is essential. If you liked it at K3.70, K3.67 is a slightly better entry point.

ZMBF (Zambeef): K2.17 (🔻 -0.46%)

DCZM (Dot Com Zambia): K24.90 (🔻 -0.16%)

Correction: After recent highs, a tiny pullback to K24.90 is normal market breathing.

ATEL (Airtel): K139.82 (🔻 -0.12%)

High Value: A minor dip on the most expensive stock on the board.

TRADING TIP: Notice the difference between PMDZ (-7.60%) and ATEL (-0.12%). Both are 'red,' but one is a crash, and the other is a scratch. As an investor, you must learn to measure the magnitude of the move, not just the colour.

Homework for the Group:

Who is holding PMDZ? Are you buying more at this lower price, or are you waiting to see if it drops further?

Kamphembele Ngulube
15/1/2026

Rich Mindset Academy and Rich Mindset Media

Disclaimer: The information provided on this page is for educational purposes only and does not constitute financial advice. Investors should conduct their own due diligence or consult a licensed broker.

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