Standard Chartered Plc takes US$172m hit on Zim exit
The loss reflects years of value erosion due to exchange rate volatility, ultimately dragging down the group’s earnings.
By Tatira Zwinoira
May. 9, 2025
Government deliberately burying formal market
To summarise this, the competitive landscape in Zimbabwe has significantly shifted over the last 15 years and there is no longer an adherence to rules by the book.
By Equity Axis
Jan. 24, 2025
Biti slams fictitious policies for inflaming de-industrialisation
According to Biti, macro-economic projections forecast by Ncube were unattainable.
By Freeman Makopa
Dec. 13, 2024
FBC gets US$10m change in StanChart Zim’s acquisition
The amount was based on the indicative net asset value of the bank using a “proforma completion balance sheet” computed as of March 31, 2023.
By Tatira Zwinoira
Oct. 18, 2024
Premium
Global corporates dump Stanchart
This move came after Standard Chartered Plc’s 2022 decision to withdraw from several emerging markets, including Zimbabwe.
By Melody Chikono
Aug. 2, 2024
Ceteris Paribus: What to expect from Stanchart acquisition
The transaction also fell within FBCH’s market adoptive plan of enriching and widening its loan underwriting capacity in the face of increasing volatility.
By Tinashe Duma
May. 24, 2024
Stanchart Zim workers deserve honesty, respect
We understand the bank's decision to leave, but we expect a more considerate approach when it comes to the welfare of its employees.
By The Zimbabwe Independent
May. 24, 2024
Stanchart leaves trail of ‘distress’... pensioners petition London head office over looting claims
Timmy Nheru, managing director at Minerva, refuted the allegations, saying: “The information is readily available. The pensioners never asked to see those documents.”
By Mthandazo Nyoni
May. 24, 2024
StanChart Zim appoints new chairman
The appointment of Mashanyare coincides with the FBC Holdings Limited's finalisation of its acquisition of StanChart Zimbabwe,
By Business Reporter
May. 14, 2024
