A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...
By Staff reporter | Published: 03 May 2019
KENYA'S leading bank in terms of market capitalisation and customer numbers Equity Group has announced that it has entered into an agreement with Pan-Africa-focused banking group Atlas Mara to acquire...
By Staff reporter | Published: 02 May 2019
BANCABC'S after tax profit increased more than two-fold to US$10,8 from US$5,2 million in the full year ended December 31, 2018, driven by growth in net interest income as the bank upped its lending.I...
By Staff reporter | Published: 24 April 2019
A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...
By Staff reporter | Published: 24 April 2019
Tetrad Investment Bank, which is under provisional judicial management, has petitioned the High Court seeking the incarceration of Kadoma gold miner, Jameson Rushwaya over a $174 000 debt.Through its ...
By Staff reporter | Published: 06 February 2019
BancABC, the local unit of African Banking Corporation, is among the top banks that are generating the bulk of their revenue from interest-bearing activities, a survey of financial institutions operat...
By Staff reporter | Published: 27 July 2018
THE National Constitutional Assembly (NCA) has hailed the Zimbabwe Electoral Commission for conducting itself in a professional manner ahead of the July 30 elections. NCA Manicaland provincial spokesp...
By Staff reporter | Published: 11 July 2018
BANCABC parent, Atlas Mara, has increased its stake in a Nigerian bank to 49%, as it seeks to cement its foothold in Africa's largest economy.In a notice on Tuesday, Atlas Mara said it has agreed to a...
By Staff reporter | Published: 28 June 2018
THE Zimbabwe Energy Regulatory Authority (Zera) is still experiencing rampant smuggling of incandescent lights despite the existence of Zimbabwe Revenue Authority and law enforcement agents at the cou...
By Staff reporter | Published: 02 May 2018
Atlas Mara Zimbabwean unit, BancABC, has reported more than $50 million in deposit capture in the southern African country for the year ended December 31, 2017 on the back of a strong agency banking p...
By Staff reporter | Published: 26 April 2018
BANCABC has set aside $16 million for the 2017 /2018 sugarcane production season in the Lowveld, as the financial services group consolidates its presence in this previously under-serviced but critica...
By Staff reporter | Published: 14 September 2017
BancABC, which has subsidiaries in Botswana, Mozambique, Zambia and Tanzania, was one of the major conduits for dodgy diamond funds flowing internally and across borders, the Zimbabwe Independent has ...
By Staff reporter | Published: 08 September 2017
LOCAL bank BancABC has unveiled a cocktail of initiatives including extending tailor-made bid bonds to contractors in Zimbabwe as part of efforts to promote infrastructure projects in the country and ...
By Staff reporter | Published: 04 September 2017
BancABC Zim posted a significant rise in profit after tax to $3, 2 million for the first half of this year from $200 000 in the prior comparable period.The profit bump was on the back of cost-containm...
By Staff reporter | Published: 30 August 2017
NetOne has reinvented the old "callbox". This is a public telephone system that used to be operated by the then Post and Telecommunications Corporation, through the introduction of their own network b...
By TechnoMag | Published: 21 July 2014
PAN-African banking group,BancABC, has gone on a restructuring exercise that will see Hashmon Matemera returning to group level after a four-year stint as managing director for the Zimbabwean unit.Mat...
By Staff reporter | Published: 09 July 2014
Listed financial institution ABC Holdings is set to benefit from the second fundraising done by soon-to-be major shareholders Atlas Mara. The Atlas Mara group is said to have raised in excess of $300 ...
By Staff reporter | Published: 24 June 2014
Essar Holdings has agreed to immediately inject money into Lancashire Steel and production is expected within the next six months, deputy Minister of Industry and Commerce Chiratidzo Mabuwa has said.L...
By Staff reporter | Published: 24 June 2014
Essar Holdings has agreed to immediately inject money into Lancashire Steel and production is expected within the next six months, deputy Minister of Industry and Commerce Chiratidzo Mabuwa has said.L...
By Staff reporter | Published: 17 June 2014
Could Atlas Mara Co-Nvest Limited be lining up more investments in Zimbabwe? Well, it certainly is for Africa.Bob Diamond and Ashish Thakkar's Atlas Mara yesterday announced that would raise about $40...
By Staff reporter | Published: 14 May 2014
BancABC shareholders will convene early next month seeking approval to waiver a one-year restriction on the sale of employee shares that had been granted under an earlier scheme. The move will facilit...
By Staff reporter | Published: 13 May 2014
Local firm, Premier Diamonds got a reprieve last week after the High Court granted an order staying the execution of an order compelling it to settle a $4.6 million loan advanced by BancABC to finance...
By Staff reporter | Published: 15 April 2014
ABC Holdings Limited has signed an agreement with the Africa Agriculture and Trade Investment Fund (AATIF) that has resulted in a $25 million funded risk sharing facility becoming available to agricul...
By Staff reporter | Published: 08 April 2014
ABC Holdings (BancABC) expect $100 million equity capital injection from Atlas Mara soon after the deal is concluded with the transaction expected to transform the Pan African banking group, CEO Doug ...
By Staff reporter | Published: 02 April 2014
The Zimbabwe Republic Police (ZRP) on Monday said it does not have the requisite equipment needed to search for gold from suspects, raising fears that large amounts of the mineral are being smuggled o...
By New Ziana | Published: 01 April 2014
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
