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Kasukuwere to meet Barclays over indigenisation

Kasukuwere to meet Barclays over indigenisation

Zimbabwean Indigenization Minister Saviour Kasukuwere said he will meet Barclays Africa Chief Executive Officer Kennedy Bungane about plans by the lender’s local unit to sell a majority stake to black citizens by June. “We will be meeting him next week Tuesday to discuss their plans and proposal with regards to…

Norfund loans US$1.4m to NMBZ for SME on-lending

Norfund loans US$1.4m to NMBZ for SME on-lending

The Norwegian Investment Fund for Developing Countries (Norfund), a state-owned institution, recently issued a seven-year loan of USD 1.4 million to investment holding company NMBZ (National Merchant Bank of Zimbabwe) Holdings, which owns NMB Bank Limited, for on-lending to small and medium enterprises (SMEs). Ingebjorg Stofring, The Norwegian ambassador to…

Cambria Africa’s efforts to re-shape its businesses are bearing fruit, says broker

Cambria Africa’s efforts to re-shape its businesses are bearing fruit, says broker

Cambria Africa’s efforts to re-shape its businesses are bearing fruit, according to Harare headquartered stockbrokers Invictus Securities. In a note to clients, reflecting on Cambria’s full year results, the broker repeated its ‘speculative buy’ recommendation on the stock, which is listed on London’s AIM, and is about to list on…

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