BankingApril 6, 2017

Industrial Development Corporation – The Road to IPO
Tucked away in Lusaka South Multi-Facility Economic Zone is an entity that is poised to set the Lusaka Stock Exchange alight. When President E. Lungu made the statement to parliament on the significance of the IDC and its mandate to take companies to Initial Public Offering (IPO) or listing, TFHZPC got really excited about the […]

BankingApril 6, 2017

MPC – How the 5th Force Continues to Reign
On 16th November 2016, the central bank governor Denny Kalyalya announced the decisions of the monetary policy committee. This quarterly announcement sets the tone of how the money in the country will “behave” over the coming months. With the budget recently announced by the finance minister, financial institutions listened with intent on how they will navigate […]

Banking, ZANACO plcApril 1, 2017

ZANACO – Big, Strong and Reliable in 2016?
Charity Lumpa (Chairperson) in her annual report for the 2016 makes a very bold statement that shows intent that ZANACO mean business. According to her statement, “the overarching priority in 2017 is to commence the initiatives required to place Zanaco in pole position by 2020 and making it a top universal and transactional Bank”. But […]


Banking, Investrust Bank PlcMarch 28, 2017

Investrust Bank: Negative Earnings but still in transition
So much has changed from the time Investrust Bank published its 2016 annual report. For example, Dr Jacob Mwanza’s statement to shareholders cites the BOZ rates that have since been subsequently reduced twice in the first two quarters in 2017. This changes the dynamics of how his bank will perform in a competitive market. However, […]

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 […]


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 […]


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 […]