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 […]
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 […]
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 […]
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 […]
Pursuant to Section 3.59 of the Listing Requirements the Board of Directors of Zambia National Commercial Bank PLC (“Zanaco” or “the Board”) advises that Hendrik Gezienus Mulder’s tenure of service as Chief Executive Director will come to an end on 31 December 2020 and he will be retiring as from that date. Furthermore, the Board […]
Zambia National Commercial Bank (ZANACO) PLC has appointed Mrs. Mukwandi Chibesakunda as its new Chief Executive Officer (CEO), effective October 1st, 2020, according to an announcement issued by the bank’s Board of Directors. Mukwandi is to succeed Mr. Henk Mulder, who has been Managing Director and CEO of ZANACO Bank PLC for the past 4 years. Under Mr. […]
Over the last three years, the Zambian National Commercial Bank (ZANACO) has recorded a continued positive growth. According to the press release and virtual media briefing hosted on June 25th 2020 at the ZANACO innovation lab, ZANACO managed to post a respectable profit because of the measures taken to expand the product offering which resulted in an 11% year on year (YoY) […]
The Board of ZANACO has announced the appointment of a new board member, according to a published 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 general public that Mrs. Chearyp Mkandawire – Sokoni was […]
As the third quarter of the year comes to an end, management teams are strongly reviewing their strategies to determine how well they are performing against their annual budgets and whether they will meet their targets by year-end. The Bank of Zambia reports that GDP growth is at 2%, with inflation at 10.7% and MPR […]
ZANACO Bank has announced that it expects its earnings per share to be 29% lower at half-year 2019, according to a statement from its Board. ZANACO becomes the latest LuSE listed company to announce weaker half-year results during a period that has seen inflation rise beyond the central bank’s target range of between 6 […]
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