Banking, ZANACO plcApril 2, 2021

Charity Lumpa exits the Zanaco Boardroom; Mtine takes over
ZANACO Bank Plc has announced the retirement of Charity Lumpa as Chairperson of the Board, according to a statement from the Bank. “Pursuant to Section 3.59 of the Listing Requirements the Board of Directors of Zanaco Plc (“the Board”) wishes to inform the Bank’s shareholders and the public that Mrs Charity Chanda Lumpa has retired […]

Banking, Investrust Bank PlcMarch 21, 2021

Bank of Nevis acquires 24.08% of Investrust Bank
West Indies based Bank of Nevis has acquired a stake in Zambian based and LUSE listed Investrust Bank, according to a SENS announcement from Investrust. “In compliance with Section 157 of the Securities Act No. 41 of 2016, INVESTRUST hereby notifies its shareholders and the market that, that between 5th and 15th March 2021, Bank […]

Banking, ZANACO plcFebruary 10, 2021

Zanaco partners with a ‘Hungry Lion’ – Big Red’s move to devour clientele
Retail banking has always been a game of numbers. This is why when Zanaco made the announcement that it would be partnering up with fast-food chain Hungry Lion which boosts of high foot traffic, it was clear that gaining market share was in their strategic playbook. “In this partnership, Zanaco will be providing POS Machines […]

Banking, ZANACO plcFebruary 10, 2021

Hungry Lion banks on Zambia National Commercial Bank (Zanaco) to look after their Banking needs
Official Speech by Busu Mpepo, Hungry Lion Zambia Country Manager in celebration of the partnership announcement. Today marks an exciting event as we officially welcome a new partner to our Pride. Hungry Lion is excited about our partnership with Zanaco and it is with great pleasure that we welcome them on board as our Banking […]

BankingDecember 28, 2020

2020 – The year of the Financial Woman
The year 2020 was a big year for women in leadership. The women in Zambia’s banking sector had the biggest stories on financial insight Zambia attracting readership from all over the world. Their resounding stories captured the hearts of readers due to their authenticity. In Q1 2020, one of the most anticipated rebranding of a […]

Banking, StanbicDecember 22, 2020

BUSINESS CONDITIONS STABILISING AS DEMAND PEAKS UP – STANBIC
LUSAKA, ZAMBIA – Business conditions in Zambia’s private sector neared stabilisation in November, buoyed by an improvement in demand. According to the latest Stanbic Bank Zambia IHS Markit Purchasing Managers’ Index (PMI), the PMI stood at 49.3 in November, rebounding from October’s 48.9, but staying below the 50-mark separating expansion from contraction. Although the Zambian […]

Banking, CavmontDecember 20, 2020

Cavmont Capital set for delisting on 31st December 2020
Following months of cautionary announcements to shareholders, Cavmont Capital Holdings Zambia is set for delisting on Lusaka Securities and Exchange at the end of 2020. Following a General Meeting that considered the proposal from Capricorn Group Limited, “shareholders were advised that the requisite majority of Cavmont shareholders eligible to vote at the General Meeting held […]

BankingDecember 17, 2020

Speech delivered by Managing Director Zambia National Building Society on the 50th anniversary of the Society
On behalf of management and the entire Society, I wish to extend our sincere gratitude to you all for making the time come and celebrate with us, 50 years of existence of the Zambia National Building Society (ZNBS). Allow me to give you a brief history of our journey as ZNBS. Our journey started on […]

BankingDecember 16, 2020

Zambia National Building Society at 50
When a financial institution has been a player in the game banking and finance, it is known as an extant player. In Zambia, few institutions can boast of being in existence for more than 20 or 30 years. But for Zambia’s stalwart housing financial institution, it will mark its 50th anniversary on the 24th of […]

BankingDecember 15, 2020

An Analysis of ZNBS 2020 Financial Statements
As is the custom with this period, most companies are publishing their annual reports. This time around though, they will be depicting how they performed during a year in which business had been disrupted by the coming of Covid-19. Among those companies is Zambia National Building Society. ZNBS now amongst the likes of ABSA Zambia […]