BancABC to float €150 million bond

HARARE, April 2 (The Source) – Banking group, ABC Holdings is planning to float a 150 million euro bond to support the local banking sector through loans, Finance Minister Patrick Chinamasa has said. Addressing journalists at a joint press conference with Atlas Mara co-founders, former… Read More

Choppies to expand Zim, regional footprint

BULAWAYO, March 25 (The Source) – Botswana retail chain, Choppies Enterprises, plans to expand its footprint in Zimbabwe this year after opening 13 retail outlets since it entered the local market in October last year. Choppies acquired a 49 percent stake from Bulawayo-based businessman Raj… Read More

ABC Holdings FY profit up 49 pct

HARARE, March 25 (The Source) – Financial services group ABC Holdings Limited has reported a 49 percent growth in attributable profit for the full year to December 31, 2013 driven by strong performances in its Botswana, Zambia and Zimbabwe units. Attributable profit grew to BWP198… Read More