BankingOctober 26, 2021

Access Bank set to take over Atlas Mara Zambia
Investors in securities of Atlas Mara Zambia on the Lusaka Securities and Exchange have been notified of a takeover bid by Access Bank, according to a statement from the Bank. “In accordance with the Securities Act No. 41 of 2016 and with reference to the announcement issued by Atlas Mara Limited on 25th October 2021 […]

BankingSeptember 28, 2021

Access Bank Limited Appoints Lishala Situmbeko as their Zambia Country Managing Director
The Access Bank Board of Directors has just announced their decision to appoint Mr. Lishala Situmbeko as Access Bank’s Country Managing Director effective November, 2021. In their announcement, Access Bank highlighted that Mr. Situmbeko is a pillar in the market, having more than 25 years of experience as a business leader in the private and […]

StandchartSeptember 27, 2021

Standard Chartered Bank Zambia Plc Records Subtle Improvement in Earnings Per Share
The listed Standard Chartered Bank Zambia Plc has advised shareholders that it expects an improvement in earnings, compared to the same period last year, when it reports its half year results for 2021, according to a statement from the Bank. “In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of […]

Banking, ZANACO plcSeptember 27, 2021

ZANACO to Record Higher than Expected Earnings at Half Year 2021
LUSE listed ZANACO Bank Plc has advised shareholders that it will record higher than expected earnings when it reports its 2021 half year financial results to the market compared to the same period in the previous financial year, according to a statement from the bank. “The Board of Directors of Zanaco Plc (“the Board”) wishes […]

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 […]