ZCCM | Advert for a Temporary Procurement Officer – 6 months duration

ZCCM Investments Holdings Plc is an investments holding company which has a primary listing on the Lusaka Stock Exchange and secondary listings on the London and Euronext (Paris) Stock Exchanges under ISIN number ZM0000000037. The Company has majority of its investments held in the copper mining sector of Zambia.

ZCCM-IH’s majority shareholders are Industrial Development Corporation (IDC) with 60.3%, Government of the Republic of Zambia (GRZ) with 17.3% shareholding, National Pensions Scheme Authority (NAPSA) with 15% and other shareholders with 7.4%.

The Client therefore seeks the services of an experienced Procurement Officer with the following expertise/skills.

1.0    JOB QUALIFICATION REQUIREMENTS:

  1. MCIPS or any Degree qualification;
  2. 3-4 years post qualifying experience in public procurement;
  3. Member of ZIPS;
  4. Strong working knowledge of public sector procurement processes;
  5. Significant experience of supplier relationship management; and
  6. A good up to date theoretical and practical understanding of procurement process including tendering, evaluation, negotiation and contract management.

2.0   RESPONSIBILITIES/MAIN DUTIES:

  1. Plan and manage all activities involved in sourcing, procurement, conversion, and logistics of goods, works services are done within the approved ZCCM-IH budget.
  2. Receive, record, efficiently and effectively review TORs, scope of work and specifications submitted.
  3. Plan, development/preparation of Bids/tenders/inquiry and Request for proposal (RFP) to ensure adherence to the approved procurement plan and ZPPA standard solicitation documents.
  4. Initiate and maintain records of all correspondences between procurement and clients.
  5. Ensure the procedures for receiving bids/RFP and preparation of minutes of the proceedings for bids/IEO/RFP opening is adhered to.
  6. Plan, prepare procurement papers, Local purchase orders, draft contracts and subject them to respective approvals as outlined in the ZPPA guidelines and against approved budget.
  7. Review submitted documents to facilitate payments to suppliers, Contractors and Consultants for Finance to pay.
  8. Prepare both weekly and monthly management reports and circulate to Head of Procurement.
  9. Assist Contract Managers in the execution of the contract based on the guidelines/procedures.
  10. Filing and record keeping.
  11. Keep abreast of all developments in area of specialization in order to continue to provide services to the highest ethical and professional standards.

3.0   COMPUTER LITERACY:

  1. Word;
  2. Excel

Applicants who meet the requirements listed above should submit their detailed Curriculum Vitae, certified copies of Academic and professional Certificates to the address below not later than Thursday 15th September 2016.

The A/Human Resource Manager
ZCCM Investments Holdings Plc
Mukuba Pension House | 5309 Dedan Kimathi Road
P.O. Box 30048 | Lusaka | Zambia
E-mail: bandap@zccm-ih.com.zm

Kwacha expected to hold strong

DESPITE most emerging market currencies continuing being under pressure against a strong United States (US) dollar, the Kwacha is expected to hold in the range of K9.60 and K9.70, financial market players have noted.
Cavmont Bank says Wednesday’s trading session witnessed the local unit rally come to a halt as it failed to break below the K9.50 level.

“The local unit has continued to out-perform other emerging market currencies which have recently come under pressure against the greenback following indications from the US Federal Reserve that it may hike interest rates soon,” the bank says in its market report.

On Wednesday, the Kwacha opened trading at K9.50 and K9.55 and was largely unmoved against the dollar, with minimal activity being seen from most corporates.

Similarly, First National Bank (FNB) Zambia, in its daily newsletter, says the Kwacha is expected to continue being firm against the dollar.

FNB says it seems the steam experienced in dollar/Kwacha pair over the last few days has died down.

“We are of the view that the current levels will hold although the tide seems to now have shifted to the upside. We see support at K9.60 and resistance at K9.70 yesterday,” the newsletter reads.

Meanwhile, Zanaco in its daily newsletter says the Kwacha is anticipated to trade in the range of K9.70 and K9.90 in the short-term with a bias towards a weaker local unit.

The bank attributes the depreciation to corporate demand for foreign currency as it begins to pick up, though the downside could be limited by support from inflows from offshore investors after a central bank auction for Treasury bills.

On the regional front, the South African rand traded close to the previous day’s seven-week low against the dollar yesterday, hurt by investor concerns over the future of Finance Minister Pravin Gordhan.

The Rand touched an early session low of 14,7385, but clawed back to 14.6850 by 07: 04 GMT, up slightly from Wednesday’s close at 14.720 while the Kenyan shilling was also stable due to subsiding dollar demand from the manufacturing sector and inflows from charities offering support to trade at 101.25/35 compared with 101.30/40 at Wednesday’s close.

Meanwhile, the Botswana pula and Nigerian naira remained unchanged at 10.7941 and 304.5 respectively yesterday from Wednesday.


Source: Daily Mail

Copper price records slight gain

THE price of copper on the London Metal Exchange (LME) yesterday marginally appreciated from two-month lows after China’s manufacturing activities increased.

The commodity, which is Zambia’s major foreign exchanger earner, traded at US$4,632 per tonne yesterday from US$4,625.50 on Wednesday.

Reuters reports that activity in China’s manufacturing sector picked up last month, although gains were modest, an official survey showed yesterday.

“London copper shifted away from two-month lows and zinc neared 15-month highs on Thursday after China’s manufacturing activity unexpectedly expanded in August, typically a quiet month for metals demand,” Reuters says.
Three-month copper on the LME had edged up 0.4 percentage point to US$4,632 a tonne by 01:30 GMT, after ending little changed in the previous session.

On Tuesday, the copper price fell to its weakest since June 24, at US$4,600 a tonne amid mounting supply. LME exchange stocks have jumped by 40 percent in the past fortnight.

On oil, the price rose in Asian trade on Thursday as the United States (US) dollar weakened, rebounding from a more than three percent drop in the previous session following surprisingly large builds in US crude and distillate stockpiles last week.

Brent crude climbed 18 cents to US$47.07 a barrel, while US crude oil rose 24 cents to US$44.94 a barrel, after falling US$1.65 in the previous session.


Source: Daily Mail

Zambia keen to develop real estate sector

IN AN effort to boost the real estate sector, Zambia is this month expected to host the ZamReal Property Forum which will focus on issues of development and investment in the local industry.

The forum is scheduled to take place on September 28, 2016 with a focus on the Zambian real estate market.

According to a statement availed to the Daily Mail yesterday, the forum will also focus on local representation to assist international investors in finding local partners.

“ZamReal is a one-day forum in which delegates will discuss key topics concerning property development and investment. ZamReal will attract a variation of delegates including developers, investors, financiers as well as all property stakeholders looking to expand their Zambian real estate business,” the statement reads.

This year’s forum will be held under the theme “Development, private equity and legal construction economics investment finance”.

Some of the speakers expected at the forum are JLL director and head of capital markets Anthony Lewis, First National Bank South Africa commercial property finance specialist Mpangwe Mutwale and Pam Golding Properties Zambia managing director Inutu Zaloumis.

Others are Heriot Properties managing director Steven Herring , Knight Frank Zambia Limited managing director Tim Ware, Afritec Asset Management director Shaun Davy and Thebe Investment Management co-head of real estate Mumamba Mwansa, among others.


Source Daily Mail