NMBZ Holding Limited is pleased to announce the Interim management results statement for the nine months ended 30 September 2019. Below is an extract from the Chief Executive Officer’s comment. Commenting on the inflation adjusted performance for the 9 months ended 30 September 2019, Mr Benefit Peter Washaya, the Group Chief Executive Officer, said: “The […]

CHAIRMAN’S STATEMENT INTRODUCTION The operating environment in 2019 was characterised by a multiplicity of monetary and economic reforms which significantly impacted the economic environment in which the Group operated in. The challenges experienced in 2018 persisted into the first half of 2019 largely characterised by a contraction of business operations throughout the economy, inflationary pressures […]

INTRODUCTION The Group has continued in the pursuit of its short and medium term goals and the accompanying results are testimony to the considerable progress towards our stated strategy… Financial position The Group’s total assets increased by 25% from US$422 564 352 as at 31 December 2017 to US$527 067 596 as at 31 December […]

INTRODUCTION The country witnessed a leadership transition in November 2017 which ushered in a new political dispensation. This was followed by various re-engagement efforts with the international community and there has been a notable increase in interest from foreign investors raising prospects of an economic turnaround. This said, the 2017 operating environment was characterised by […]

We are pleased to release our Condensed Audited Consolidated Results for Year Ended 31 December 2017. Below are some excerpts from the results and presentation: The Operating Environment The economy continued to be faced with nostro funding challenges, cash shortages, job losses, inflationary pressures and company closures. The GDP growth rate for 2017 was estimated […]

CHAIRMAN’S STATEMENT INTRODUCTION The Group continued to operate in an environment characterised by nostro funding challenges, interest rate and non-funded income price controls, cash shortages, job losses, deflationary pressures and company closures. The Group has however continued to make considerable progress towards attaining its short and medium term goals. The financial results were largely driven […]

The Board of Directors of NMBZ Holdings Limited announces the release of the 2016 annual report. Below are some excerpts from the Chairman’s statement: INTRODUCTION The Group has continued to make some progress towards attaining its short and medium term goals despite an increasingly challenging operating environment. The economy has continued to be dogged by […]

The Board of Directors of NMBZ Holdings Limited announces the release of the financial results for the full year ended 31 December 2016. Below are some excerpts from the financial report: FINANCIAL SUMMARY 31 December 2016 31 December 2015 Total income (US$) 51 520 403 59 396 619 Operating profit before impairment charge (US$) 14 […]

Introduction The difficult operating environment, evident throughout 2015, persisted in the first half of 2016. This was characterised by nostro funding challenges, liquidity constraints, deflationary pressures, depressed levels of capacity utilisation in the productive sector and company closures. This prompted the Central Bank and the banks to introduce cash withdrawal limits and prioritisation of imports. […]

The Board of Directors of NMBZ Holdings Limited announces the release of the 2015 annual report. Below are some excerpts from the Chairman’s statement: INTRODUCTION The Group has continued to make significant progress towards attaining its short and medium term goals and recorded an attributable profit of US$5 490 068 in 2015 which was a […]