Banking, ZANACO plcMarch 26, 2017

Reawakening The Beast – ZANACO’s Bold Move To Reinvent Itself
Following GRZ’s 2007 sale of 49% share sale to Rabo Development Bank, Zanaco has fraught to shake off the ghosts of old that have pulled it back from being a considered front runner in the modern competitive banking industry. Small wonder that Charity Lumpa and her team have embarked on a bold move that is targeting […]

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Banking, RetailMarch 14, 2017

eCommerce: When Stanbic makes First Mover
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 […]

BankingMarch 8, 2017

MPC – January 2017
Central Banks are at the heart of any economy. Their importance goes back a long time and their relevance today remains crucial in steering any economy forward. It is no wonder that on 20th and 21st of January, all eyes were on the bank of Zambia governor Denny Kalyalya and his team as they poured through critical […]

Banking, ZANACO plcMarch 8, 2017

ZANACO – 2016 Half Year Review
In their summarized and unaudited results published for the period ended 30 June 2016, Zanaco faced a challenging first half of the year with net profit margin down from 19% a year ago to 14%. A positive though was the bank being well capitalized above the minimum ratio of 10% requirement. Earnings and EBIT were […]

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Banking, Cavmont, FinanceJuly 22, 2016

It’s tough for the smaller players in the banking industry in Zambia
It’s tough for the smaller players in the banking industry in Zambia. Cavmont Bank has bared the brunt of competitive forces in the industry. In the 2014 to 2015 period, the customer lost 15% of its customer accounts in a zero sum that saw its competitors scoop them up. However, at the same time, it […]

Banking, ZANACO plcJuly 1, 2016

Understanding How Banking in Zambia Is Impacted by the 6 Force in Porter’s Model
In his famous 1979 article for the Harvard Business Review (HBR), Michael Porter introduced the world to what was known then as the Five Forces Framework. Later on, in 2008, prior to global financial crisis (as if it was a premonition of things to come), he extended the 5 forces framework to 6. This 6th force […]

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Banking, Investrust Bank PlcJuly 1, 2016

When Trust is Tested: InvestTrust in Transition
In 2015, there was a change of leadership in the midst of a very difficult year for Investrust Bank Plc. Dr Jacob Mwanza (Chairman) said farewell to Friday Ndhlovu who retired as MD and was replaced by Dr. Chembe who unfortunately was taken ill on Christmas day 2015 leaving the board to appoint Mr Isaiah […]

Banking, Finance, StandchartJune 1, 2016

Why They Are Top of the Heap. Standard Chartered Bank Storms with Excellence
It is always refreshing to hear titans of the banking industry reassure stakeholders that “we are here for good”. This statement is attributed to Michael Mundashi, chairman of the global bank that has been resident in Zambia for the past 110 years – Standard Chartered Bank. Investing and innovating was their strategy going into 2015 […]