Banking, Investrust Bank PlcApril 3, 2020

Non-executive Director resigns after 8 months on the Investrust Board
Investrust Bank’s Non-Executive Director on the board, Dr. Womba Zulu has resigned after serving 8 months on the board, according to a statement from the bank. “In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules, the Board of Directors of Investrust Bank Plc (“the Board”) wishes to announce the resignation of Dr. […]

Banking, CavmontMarch 28, 2020

A ‘new hope’ for Cavmont Capital at half year 2020
The in turnaround Cavmont Capital Holdings Zambia Plc has record better top half performance for the last six months of its current financial year compared to the previous one, according to a statement from the company. “Cavmont Capital Holdings Zambia Plc (“the Company”), with Cavmont Bank Limited (“the Bank”) as its wholly-owned subsidiary together referred […]

BankingFebruary 12, 2020

Melu Mizinga delivers the ‘Vertical Card’
When Barclays Zambia became ABSA, many Zambians were wondering what in the world Melu Mizinga and her team were up to. What many consumers of the old Blue Brand Banking offering did not realise that ABSA was now taking them into a whole new era of banking. According to the Business Insider in South Africa, […]

BankingFebruary 8, 2020

Some banks feel the rain while others just get wet!
The year 2019 was probably one of the most challenging years in recent years to be in the banking sector in Zambia. It would start with the abolishment of unwarranted charges by the Bank of Zambia and many Banks who did not see this coming were hit, especially those with a huge retail outlay. As […]

BankingJanuary 18, 2020

Atlas Mara Zambia announces Equity Term sheet signing
Commercial Bank Atlas Mara Zambia has announced that it has signed a term sheet that will see the bank transition ownership structure to Equity Bank of East Africa. “Further to the Cautionary Announcement issued on 9th May 2019, in which the Board of Directors of African Banking Corporation Zambia Limited (“the Board ”or “Atlas Mara” […]

BankingJanuary 14, 2020

Zambia National Building Society parts company with CEO: Joseph Chikolwa exits Board
Zambia National Building Society has announced the departure of Joseph Chikolwa as Chief Executive Officer and the appointment of Mildred Mutesa as Acting CEO, according to a statement from the Company. The mortgage lender, whose vision is to become the Premiere Banking and Housing Finance Institution with the leading market share in Zambia and has […]

Banking, CavmontDecember 17, 2019

De Vries on the Cavmont Capital Board
Zambian commercial bank Cavmont Capital has announced the appointment of Christiaan Petrus De Vries to its effective 5th November 2019, according to a statement from the bank. “In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules, the Board of Cavmont Capital Holdings Zambia Plc (“the Board”) (“CCHZ” or “the Company”) wishes to […]

Banking, Stanbic, Standchart, ZANACO plcNovember 13, 2019

The Bankers Royal Rumble – Q3 2019
As the third quarter of the year comes to an end, management teams are strongly reviewing their strategies to determine how well they are performing against their annual budgets and whether they will meet their targets by year-end. The Bank of Zambia reports that GDP growth is at 2%, with inflation at 10.7% and MPR […]

Banking, Real Estate, Real Estate investments Zambia (REIZ)November 12, 2019

REIZ Announces Director Banja Kayumba exit from Board  
With only 8 weeks of its 2019 financial year remaining, REIZ has announced the resignation of one of its Directors from the board, according to a statement released by the listed company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Real Estate Investments Zambia Plc (“REIZ” or the “Company”) […]

Banking, Investrust Bank PlcNovember 7, 2019

Swanepoel retires! Cavmont Capital announces exit of stalwart Director
Cavmont Capital announced the exit of Johannes Swanepoel from the Bank after 12 years of service as a non-executive director on the Guy Phiri led board. “In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules, the Board of Cavmont Capital Holdings Zambia Plc wishes to announce the retirement of Mr Johannes Swanepoel […]