The banking industry has come a long way since the time Goldsmiths started keeping gold in vaults. It is an industry that has seen tremendous changes over the ages, from the highs to the crushing lows reminiscent of Lehman Brothers in 2008. It’s an industry that has almost seen it all, well “almost” is the […]
On 26th January 2018, Moody’s Investors Service announced that it had revised the rating outlook for the Government of Zambia to stable from negative and affirmed its B3 long-term issuer rating. Finance Minister Felix Mutati will be most pleased with this development as the measures his economic and finance team’s put in place are beginning […]
There is an analogy that can be noticed in the way boards across industries pick top talent to run their firms. Take the premier league as an example. When Chelsea Football Club have a run of bad results, the last 10 years has seen many managers of high football pedigree take over the reins. Although […]
In a week that should have ended quietly, two institutions announced the exits of their CEOs. The first announcement came out of Stanbic Bank. The board of the bank announced the exit of Charles Mudiwa who now moves to Stanbic Kenya as CEO. Tenure of CEOs in Zambian banks often ranges from 2 to 5 […]
Marketing pundits in several banks have been teetering their teeth wonder who the identity of “Bank Here” was over the last couple of weeks. There have been numerous theories such as “It must be Atlas Mara, Bb Diamond secure the Fairfax deal so they are awash with cash”. But not it was not Atlas Mara […]
The end of the third quarter is always an interesting time of year for the financial sector. From a bankers perspective in particular, the third quarter is when you seriously assess your strategies and your execution of that strategy. Are you on target? How well are your competition doing? What can we do differently? These […]
Charles Carey is a Managing Director who has every reason to be proud. Why? Well, the numbers 23, 24 and 12 resonate with him and his team as they ended their financial year (which oddly enough seems to be the lone wolf of LuSE as they are the only listed company who report the end […]
If there is a premier company that is reaping the rewards of improved liquidity in the market, it has to be the legacy giant Zanaco. Its performance at half year are impressive for the bank that is in the top 5 in Zambia. According to SENS announcement published on 29th August 2017, profit after tax […]
Leadership in premier companies is an important aspect of the value creation process. The CEO sets the pace for executing the mandate of the board. The role requires that they live and breathe the strategy of the firm. Competitors will decode the signals from them when making choices of whether to compete or not. That […]
As I watched the address by Stanbic’s technical speaker at their Tuesday 14th June event at their modern training center, I could not help but feel proud of what my preferred corporate bank had endeavored into. It may be the fine red wine that was being served or the cocktail food that was delicious but […]
Banking
