Articles tagged 'barclays'

Barclays, CBZ spur ZSE 14 September 2018 HARARE - Zimbabwe Stock Exchange (ZSE) recorded significant gains towards the end of last week buoyed by block trades in financial institutions Barclays and CBZ Holdings (CBZ) shares. The local bourse, which survived a mid-week slump as it powered to gains in all the major market benchmarks by...
Guvamatanga's future hangs in the balance? 20 June 2017 HARARE - The fate of Barclays Bank Zimbabwe (BBZ) managing director  George Guvamatanga (pictured) is hanging in the balance after his company was recently taken over by Malawi First Merchant Bank (FMB). This comes as the British bank, Barclays Plc, ended its 105-year presence in Zimbabwe by a...
Barclays deal to boost FMB Botswana unit 15 June 2017 HARARE – First Merchant Bank Limited (FMB)'s Botswana unit, Capital Bank, said the acquisition of Barclays Bank Zimbabwe (BBZ) will boost trade and investment in southern Africa. This was after Barclays Plc last week announced it was selling 42,68 percent of its 67,68 percent shareholding in B...
Mugabe asked to stop Barclays sale 9 June 2017 HARARE - The Zimbabwe Monetary Institute (ZMI) has asked President Robert Mugabe and Indigenisation minister Patrick Zhuwao to stop Barclays' sale of its Zimbabwe bank to Malawi-listed First Merchant Bank (FMB). The sell is part of the British lender's broader exit from Africa to refocus on th...
Zanu PF youths slam Barclays deal 3 June 2017 HARARE - Zanu PF youth league leader Kudzanai Chipanga has expressed disappointment in the acquisition of Barclays Bank Zimbabwe (BBZ) by a foreign bank, questioning government's sincerity in empowering locals. BBZ was this week acquired by a Malawian financial institution — First Merchant (FM...
Stressed banks weep over cash shortages 20 May 2017 HARARE - Bankers yesterday broke their silence over the country's worsening cash shortages — confirming in the process that even bond notes are disappearing from the formal market, amid concerns that the surrogate currency is now being traded in neighbouring countries by unscrupulous dealers. ...
Barclays slashes individual cash withdrawal limits 10 June 2016 HARARE - Barclays Bank Zimbabwe (BBZ) has introduced a $500 maximum withdrawal limit per week for individual depositors as the bank aims to contain the current cash shortages with its depositors, the businessdaily has learnt. [GoogleAd] Sources said the bank had put in place measures for in...
Atlas Mara eyes Barclays' Africa units 3 March 2016 HARARE - BancABC Zimbabwe's parent company, Atlas Mara Plc (Atlas Mara), is likely to emerge as the front runner to acquire Barclays Plc African assets. This comes as the British bank this week indicated its intention to sell down its 62,3 percent interest in Barclays Africa Group and its shar...
Barclays Zim offloads tourism unit 29 February 2016 HARARE - Listed Barclays Bank of Zimbabwe (Barclays) is set to dispose its 50 percent stake in tourism concern Makasa Sun (Pvt) Ltd (Makasa) for $14,6 million. The Barclays Plc subsidiary said it is in the process of finalising the transaction. Makasa owns a hotel in the Victoria Falls reso...
Barclays boss sacked in board fallout 8 July 2015 LONDON - Antony Jenkins, the chief executive of Barclays, has been fired after falling out with the board over the bank's cost cutting and profitability. Board members are believed to have wanted bigger cost cuts and more focus on the investment bank's performance. Chairman John McFarlane s...
Barclays urges policy reforms 19 June 2014 HARARE - Barclays Bank of Zimbabwe (Barclays) says government must implement policy reforms to revive the country’s moribund economy. Its managing director, George Guvamatanga, said Zimbabwe’s economy “requires significant decisive interventions to enhance investor confidence, promote local pr...
Barclays Zim may cut jobs 13 February 2014 HARARE - Banking group Barclays Plc’s Zimbabwe unit says it may lay off some of its workers if the move improves operational efficiencies. This comes as the parent company has decided to axe at least 12 000 jobs by 2015 in a bid to contain costs and counter falling income. George Guvamatang...
Barclays profits up 37pc 18 August 2013 HARARE - Barclays Bank Zimbabwe (Barclays Zim), a unit of British multi-national banking and financial services group, posted a $1,1 million profit before tax in the half year to June 2013, up 37 percent from prior comparable period. George Guvamatanga, Barclays Zim's managing director, said w...
Kasukuwere yet to meet Barclays 8 April 2013 HARARE - Empowerment minister Savior Kasukuwere says he is yet to meet Barclays Africa chief executive Kennedy Bungane over indigenisation of the bank s Zimbabwean unit. Kasukuwere who was supposed to meet Bungane on March 26 told businessdaily that the meeting will be rescheduled. I could not me...
Barclays Africa chief to meet Kasukuwere 25 March 2013 HARARE - Indigenisation minister Savior 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 on Tuesday to discuss their plans and proposal with regard...
'Barclays snub has nothing to do with indigenisation' 8 January 2013 HARARE - Indigenisation minister Saviour Kasukuwere says the snub of Barclays Zimbabwe unit in the merger of the group s African operations with those of Absa Group has nothing to do with empowerment laws, but the institution s internal affairs. This comes as analysts say the omission of the Zimb...