AfricanFinancials Digital Team

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So far AfricanFinancials Digital Team has created 467 blog entries.

ZANACO quarterly Financial Statements to 31 December 2019

2020-03-16T22:03:45+02:00March 16th, 2020|

We have pleasure in releasing the Quarterly Financial Statements to 31 December 2019, published in accordance with Section 92(1) of the Banking and Financial Services Act, 2017. The salient data is as follows: Total interest income amounted to K359.59 million Total interest expense amounted to K128.49 million Total non-interest income amounted to K240.70 million Net [...]

ZANACO | Notice of 50th Annual General Meeting

2020-03-16T21:11:16+02:00March 16th, 2020|

This notice is issued in accordance with Section 57 of the Companies Act no 10 of 2017 of the Laws of Zambia. NOTICE IS HEREBY given that the 50th Annual General Meeting of the fully paid up members of Zambia National Commercial Bank Plc in respect of the period ended 31st December 2019, will be [...]

Powerspeed Electrical Group Quarterly Results: First Quarter ending 31 December 2019

2020-02-20T08:56:46+02:00February 20th, 2020|

COMMENTARY Trading Environment The continuing economic shrinkage means that all Zimbabweans are becoming poorer and disposable income is declining steadily. This will inevitably mean reduced income for all businesses and individuals and we expect that we will not be an exception. In general, the trading environment remains extremely difficult, with competitive pressures in a shrinking [...]

OK Zimbabwe Q3 2020 Trading Update

2020-02-17T10:55:30+02:00February 14th, 2020|

TRADING ENVIRONMENT The business conditions have remained unstable and challenging characterized by a depreciating local currency, severe power shortages, product supply challenges and significant increases in operating costs. Erratic supply of electricity necessitated increased use of alternative sources of power in order to minimize disruptions to the Group's operations. The extensive use of generators to [...]

CAFCA (Zimbabwe) FY2019 export volumes increased 70%, 54% in value terms

2019-12-05T10:10:44+02:00November 19th, 2019|

CAFCA Limited (CAFCA.zw) 2019 Abridged Report We have extracted the Company's Secretary Statement from the abridged report for CAFCA Limited (CAFC.zw), listed on the Zimbabwe Stock Exchange: Profitability Turnover has increased from $30.4 million in the previous year to $93.4 million in the current year despite volumes dropping 24%. The increase is attributable [...]

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