Banking, Retail, ZANACO plcMay 28, 2018

ZANACO 2017 Performance
It’s always refreshing reading a board chairperson’s letter to shareholders in annual reports that speaks to the heart of what the firm tried to achieve in the year under review. Charity Lumpa’s 2017 letter to shareholders was no exception. Her letter touched on everything from operational efficiency to prudent risk management.  It is clear from […]

ZANACO plcApril 26, 2018

#Kula is Here
Digital and online banking is the present. A good number of Zambian banks have invested resources and capabilities to deliver e-services to their clients. Many have delivered services that are easily accessible with the hope of improving the banking experience. However, when we attended the unveiling of #Kula at the prestigious Radisson Hotel on the […]

Banking, ZANACO plcDecember 2, 2017

Identity of “Bank Here”Exposed
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 […]

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Banking, Standchart, ZANACO plcNovember 18, 2017

The Bankers Royal Rumble
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 […]

Banking, ZANACO plcSeptember 25, 2017

ZANACO at 2017 half year
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 […]

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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 […]

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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, 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, 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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