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 […]

The Board of Directors of NMBZ Holdings Limited announces the release of the financial results for the full year ended 31 December 2015 and the analyst presentation. Below are some excerpts from the financial report and analyst presentation: Mr Benson Ndachena, Chief Financial Officer at the FY2015 analyst briefing Introduction The Group has continued to […]

The Board of Directors of NMBZ Holdings Limited announce the release of the financial results for the half year ended 30 June 2015. Below are some financial highlights and excerpts from the Chairman’s Statement: Introduction These results were achieved under a difficult operating and economic environment which is characterised by an illiquid market and deflationary […]

The Board of Directors of NMBZ Holdings Limited announces the release of the 2014 annual report. Below are some excerpts from the Chairman’s statement: INTRODUCTION The Group recorded an attributable profit of US$1 667 247 which was an improvement from an attributable loss of US$3 321 823 recorded in 2013. The improvement in the operating […]

The Board of Directors of NMBZ Holdings Limited announces the release of the financial results for the full year ended 31 December 2014 and the analyst presentation. Below are some excerpts from the financial report and analyst presentation: Mr Benefit Washaya, Acting Chief Executive Officer and Managing Director (left) and Mr Benson Ndachena, Chief Financial […]

The Board of Directors of NMBZ Holdings Limited announce the release of the financial results for the half year ended 30 June 2014. Below are some financial highlights and excerpts from the Chairman’s statement: Financial highlights Total income: (US$) 23 303 115 Attributable profit/(loss): (US$) 1 386 233 Basic earnings /(loss): per share (US cents) […]