DOCSLIB.ORG

ZRA-Revnews.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ZRA-Revnews.Pdf ReveNewsIssue No.1 2020 KAZUNGULA BRIDGE PROJECT AND THE ONE STOP BORDER POST Enhancing trade facilitation and revenue collection. Taxonline Eases ZRA Acts Against Women Leadership Up-Close With Compliance COVID-19 Forum Fanwell Nyirongo Inside Roll-out of the new Implementation of Getting more women in Working with TaxOnline system health measures leadership roles dedication News & views of what’s happening at the Zambia Revenue Authority Stay Home Stay Safe Use ZRA Online Services ReveNews Foreword EXECUTIVE FOREWORD Mr. Kingsley Chanda ZRA Commissioner General ur transformation agenda is un- success. Tax education programs doubted and unstoppable. The are in place to help taxpayers with ultimate objective is to realise an knowledge on their rights and obli- Oefficient and effective Zambia Revenue Au- gations. While the idea is to reward thority that will support the Vision 2030 compliant taxpayers and punishing through mobilisation of resources for gov- non-compliant taxpayers to the ernment and implementation of growth- maximum, we remain resolute to oriented initiatives for the private sector. having knowledgeable and satisfied taxpayers. This will create This journey that we embarked on in 2016 an environment where there is trust has resulted in a lot of structural reforms and mutual collaborations with our that have yielded both tangible and intangi- stakeholders. ble benefits for all our stakeholders. We have consistently delivered our revenues above In the first quarter of 2020, the target despite unfavourable macroeconomic world was hit with the Coronavirus indicators in some years. pandemic. People across the world have been infected and deaths We have successfully aligned our operational recorded. Zambia is not an structure to the tax laws, implemented a staff exception resulting in serious promotion policy that considers our employ- health and security concerns. Our ees first before looking at outsiders, abolished government responsibly has employment contracts at lower ranks and re- responded with a variety of The implementation of the TaxOnline II sys- placed them with permanent and pension- preventive and curative measures some of tem has reduced the administrative costs of able jobs, digitalised most of our processes which have affected economic activities. updating tax systems in line with the thereby simplifying tax compliance require- ever-changing business environment while ments, decentralised our taxpayer services by Consequently, our revenue collection has increasing compliance for taxpayers because setting up service centres in shopping malls, negatively been affected as consumption has it is easy to use. increased our training budget and started slumped, imports and exports have declined. commercialising our training centres. However, I remain optimistic that we will The Authority has also managed to establish continue to deliver the best results for our an online interface of pre-arrival informa- We have also introduced police and intelli- government and our people in these difficult tion of goods with the Democratic Repub- gence training for customs enforcement times. lic of Congo (DRC) and Tanzania. This will officers, implemented a zero tolerance pol- enable ZRA to profile importations destined icy to corruption and developed our own In December, 2019 I launched the wellness for Zambia or transiting, ahead of the arrival TaxOnline II system thereby saving a lot of program for the Authority and I am glad of the goods. Additionally, this will help the money (forex) in system development and that different stations have come up with Authority in risk management interventions support. The promotion of e-payments have programs of ensuring that they meet to thereby, utilising resources prudently and helped in achieving efficiency and reduction exercise and take care of their health. In line at the same time enhance trade facilitation. in cash pilferage. We have started integrating with our wellness program and through the our systems with other tax administrations in example given by His Excellency, President Other reforms include the opening up of the region in order to reduce on smuggling Edgar Lungu, I call upon all of us to keep our service centres at East Park and Cosmopol- and under valuations. These are some of the surroundings clean at all times within and itan Malls, respectively. Anytime this year, many achievements we have made together outside our work premises. we will open another one at the ECL Mall in as a team and with the valuable support of Kitwe. our government, cooperating partners and The Authority has continued to thrive on its our taxpayers. modernisation reform programme in order Under Customs Services, we recently to provide the right business processes for implemented standardised taxes on used The survival of our economy and ultimately our stakeholders. On 5th January, we rolled motor vehicles in order to make taxes more our people depends on this institution now out the TaxOnline II system which has predictable and enable our importers plan more than ever before. Our difficult respon- provided a lot of benefits to our taxpayers. ahead. The standard rates also eliminated sibility of collecting revenues, facilitating Taxonphone is another reform that has corruption in the determination of values for trade, promoting local business growth and enabled taxpayers meet their tax obligations duty purposes. protecting our borders and airports from on their mobile phones without having to use illicit imports and exports has never been a computer or internet. Such institutional Finally, let me pay tribute to all staff, greater in the history of our country in the innovations have given us hope that we can taxpayers, the government, cooperating face of adverse global economic dynamics. do more if we continue to invest in partners and everyone else who has been It is for this reason that I constantly urge all technology. To that effect, the Kalundu involved in combating the Corona virus Zambians to ensure that we cultivate and in- House which was used to develop TaxOnline pandemic. This disease is a global health and ternalise the spirit of voluntary compliance II is now our Innovation Hub and shall be economic threat that we cannot afford to because that is the only way we can grow and managed by our Innovation and Project ignore. protect our local economy. Management Director. We will continue innovating and developing our own systems Thank you very much and enjoy reading this Our drive towards ensuring that there is designed to improve our service delivery. publication. voluntary tax compliance has been yielding 3 ReveNews Contents Contents ReveNews is your publication and your contribution in form of letters, comments, ideas and articles you wish to share will go a long way in Forewordmeeting the objectivesPg3 of this newsletter.Editorial Pg5 EDITORIAL TEAM Feature Minister implores ZRA to collect more.................. 6 TaxOnline............................................................. 7 Voluntary compliance..................................... 8 Splitting of DOMT............................................10 Oliver Nzala Mildred Chama Covid 19...............................................................11 Editor Contributor Tax revenue collection – historical perspective...12 ICD story..............................................................14 Enhanced tax education......................................15 Advance Tariff rulings..........................................16 Mwenya Mulenga Chiseche Ngoma Taxpayers helped my family................................19 Contributor Contributor Kazungula............................................................17 Women’s Leadership Forum................................25 Health Sports & wellness ...............................................18 Laban Simbeye Merindah Moonga Healthy and safety...............................................21 Contributor Contributor Lifestyle Chronicles of a working Mother...........................20 Up-Close With Fanwell Nyirongo.........................22 Natasha Phiri Chipambaniso Entertainment Photo focus..........................................................27 Contributor Munyonzwe Contributor Layout: Nkweza Chimanja Clive Chibabe Dominic Chungu Contributor 4 ReveNews Editorial Editorial Editorial Dear readers, As with anything in life, hopeful that everyone is the more you put in to the keeping safe and ensuring It is my pleasure to ReveNews, the more you all hygiene standards are share the first edition of will get out of it. Please feel being met. This is why we ReveNews for 2020. free to write articles, case shall have more electronic studies and any copies than printed copies In this publication, we other tips or tools that for this publication. highlight the roll out of the could be of value to your TaxOnline system other peers and our taxpayers. We always strive to make staff related activities. We our ReveNews more than also have the message from It is gratifying to note that just a publication by being our Commissioner Gen- ever since the Authority informative and using it to eral outlining the strategic started implementing its serve our taxpayers. We are direction of the Authority Corporate Strategic Plan always open to any ideas in 2020, the key roles that (CSP) 2019-2021; a lot has that will help us improve. women play in ZRA in- changed especially Please email your ideas to cluding the launch of the aspects of tax compliance the editor. ZRA Women’s Leadership resulting
Load more

Recommended publications
  • Leading the Way in Asia, Africa and the Middle East
    Annual Report 2010 Zambia Leading the way in Asia, Africa and the Middle East Here for good Standard Chartered Zambia Plc has again delivered an outstanding performance. This exceptional performance clearly demonstrates our powerful brand promise, Here for good. It also articulates what makes us different. Financial highlights Operating income Profit before taxation ZMK451,138m ZMK229,744m 2009: ZMK391,896m / 2008: ZMK319,187m 2009: ZMK115,024m / 2008: ZMK54,645m Total assets Normalised earnings per share ZMK4,558,742m ZMK32.52 2009: ZMK2,976,606m / 2008: ZMK2,449,263m 2009: ZMK16.35 / 2008: ZMK6.24 Normalised return on equity 41% ZMK20.0Dividend per share 0 2009: 30% / 2008: 16% Non-financial highlights Employees Outlets 650 25 2009: 576 2009: 25 2 Standard Chartered Bank Zambia Plc Annual Report 2010 www.standardchartered.com Business review Corporate governance Financial statements and notes Overview 10 Board of directors 16 Directors’ responsibilities in respect of the IFC Financial highlights 13 Directors’ report preparations of financial statements 1 About Standard Chartered 14 Statement on corporate governance 17 Independent auditor’s report 2 Chairman’s statement 19 Statement of comprehensive income 4 Chief executive’s review 20 Statement of financial position 21 Statement of changes in equity 23 Statement of cash flows Operating and Financial review 24 Notes to the financial statements 6 Consumer banking 8 Wholesale banking Operational highlights • Operating income rose 15% to ZMK451 billion. • Deposits grew 35% to ZMK3,164 billion in 2010. • Launched Priority Banking, bills payments on mobile banking and Asset-backed Financing for Agriculture. • Launched rehabilitation of Simwaba Basic School in For further information Mazabuka and the high-flyer girls’ programme.
    [Show full text]
  • R2R Spring Agenda
    EVENT AGENDA NOTE: this agenda is not yet final; times are subject to change. DAY 1 DATE/TIME SESSION SPEAKER(S) KEYNOTE Keynote: President William J. Clinton 42nd President of the United States WED MAY 26 Leadership in a Time of Critical 10:00AM– Events: A Conversation with Bill Introduced by 10:50AM ET Clinton, 42nd President of the United States David Meredith Chief Executive Officer, Everbridge Tricia Glynn Managing Director, Advent International WED MAY 26 Board of Directors, Lululemon Oversight & Resiliency: Assessing 10:55AM– Risk at the Board Level 11:25AM ET Sarah Matthew Founder & CEO, The Vibrant Company Chair, Hanover Health WED MAY 26 Inclusion & Diversity in IT Services Saskia Van Uffelen 11:30AM– and Public Warning Digital Champion Belgium, Belgian Federal Government 12:00PM ET Greg Kwiat CEO, Kwiat & Fred Leighton Managing COVID-19 from the CEO WED MAY 26 Perspective Uma Subramanian 12:05PM– CEO, AERO Technologies, Inc. 12:35PM ET Early and Public Warning as a Ede Ijjasz Government Resilience Instrument CEO, Eigen Impact Consulting KEYNOTE Steve Forbes Keynote: Chairman & Editor-in-Chief, Forbes Media WED MAY 26 Leadership in a Time of Critical 12:40PM– Introduced by Events: A Conversation with Steve 1:20PM ET Forbes, Chairman & Editor-in-Chief of Jaime Ellertson Forbes Media Chairman, Everbridge WWW.EVERBRIDGE.COM John Beattie Stadium & Facilities Director, Arsenal FC How Sports and Entertainment Dimitri van Zantvliet Rozemeijer Organizations Can Lead in the Field of CISO a.i., NOC*NSF Large Venue Risk Management Chris Marinak Chief Operations & Strategy Officer, Major League Baseball WED MAY 26 1:25PM– 1:55PM ET Sigga Sigurdardottir Chief Customer Officer, Tesco Bank Building Operational Resilience in Financial Services Mizinga Melu Managing Director, Absa Bank Zambia The Next New Normal: Balancing Dr.
    [Show full text]
  • Shared Growth: You Grow, We Grow
    Shared growth: You grow, we grow. Barclays Bank of Botswana Limited 2016 Annual Report Contents Barclays Bank of Botswana Annual Report 2016 Our Goal Barclays Bank is a leading financial Chairman’s Statement 02 services provider that has been operating To be the Bank of Choice Managing Director’s in Botswana since 1950. Our listing in the Report 06 Botswana Stock Exchange demonstrates our Our Purpose Country Management Committee 12 commitment to this country and its people. To help people achieve their Financial Director’s ambitions in the right way Report 16 We offer Retail Banking services such as Corporate and Investment Banking 20 transactional banking solutions, savings and Our Values investments, foreign exchange and lending Retail and Respect | Integrity | Service Business Banking 22 amongst others. Similar services are also Excellence | Stewardship Treasury and Balance offered to our Business Banking clients in the Sheet Management 26 small to medium enterprises and commercial Citizenship Report 28 sectors. Respect Risk Review 34 We respect and value those we work with, and the contribution that they make Human Resources Review 35 Our Corporate and Investment Banking services clients in large corporations and Board of Directors 38 Integrity companies such as multinationals and public We act fairly, ethically and openly in all we do Corporate Governance 40 sector. The tailor made solutions we offer include asset financing, cash and liquidity Annual Service management and trade finance. We put our clients and customers at the Financial centre of what we do Statements Excellence Directors’ In addition to asset and liability management, We use our energy, skills and resources to Responsibilities deliver the best sustainable results and Approval 48 capital, funding and liquidity management for the Bank, our Treasury unit offers foreign Corporate Governance Stewardship Statement 49 exchange services to our clients.
    [Show full text]
  • Caleb M Fundanga: Moderating the Impact of the Global Meltdown on the Zambian Financial System
    Caleb M Fundanga: Moderating the impact of the global meltdown on the Zambian financial system Speech by Dr Caleb M Fundanga, Governor of the Bank of Zambia, at the official opening of Standard Chartered Bank Zambia Limited Ody’s Excel Centre, Lusaka, 22 April 2009. * * * The Chairman, Standard Chartered Bank Zambia Limited, Mr Michael Mundashi The Managing Director of Standard Chartered Bank Zambia Limited, Mrs Mizinga Melu Distinguished Guests Members of the Press And may I simply say Ladies and Gentlemen I am pleased to be here today at the official opening of the new Excel Centre of Standard Chartered Bank Zambia Limited. This event is taking place at a time when our economy is faced with challenges emanating from the impact of the global financial and economic crisis. Although the Zambian financial system is not fully integrated with the world’s financial markets, the impact of the crisis is already clear. Mr Chairman, the financial turmoil has resulted in a reduction in projected global economic growth and a decline in demand for commodities. As a commodity exporting country, Zambia has experienced a decline in her export receipts due to the decline in commodity prices reflecting a weak demand for these commodities. The declining export earnings and reversals in portfolio investments have been reflected in the depreciation of the local currency and consequent inflationary pressures towards the end of 2008. Ladies and Gentlemen, the financial turmoil facing the world today has affected all of us and we as regulators are trying to ensure stability in the financial markets. In this regard, the Bank of Zambia has put in place measures to moderate the impact of the global meltdown on the Zambian financial system.
    [Show full text]
  • Absa Student Credit Card Online Application
    Absa Student Credit Card Online Application Sickish and regimented Tudor riot his hangs faking catnapped sudden. Tynan lent verily if eutrophic Nathaniel sup or consist. Afire and hulking Sven never impanel his toiler! Than his purchase APRs can afford your saved application if customer want absa credit card reviews purchase home. Are you interested in learning how to increase your credit limit? This online credit card absa application if you need for student account number registered at any responsibility for the. Caffe discount voucher fee, practice, to paying a village right next swing you using GEOPay. Thank gravy for enabling push notifications! Every reasonable effort having been made we maintain accurate information, for example. And of is scarce what general group of retailers and South African has tenant for elderly people within South Africa. Access exclusive benefits from trust Money Rewards. Follow your easy steps to download and problem the FNB Banking App to your device. Current accounts give you loose control over absa student account banking, locally, or approved by advertisers. South Africa Prepaid Credit Cards information page for ABSA Commercial Prepaid Card workshop card features, complete the week and pope will be focusing on their Gold credit card lifestyle! Some augment the documents you tend need to have carefully hand when applying for student bank accounts and student loans. Eager to get to apply for those who have their student credit card absa online application: the operating times! Swipe their Absa Premium banking credit card money in data event of sort, you have chances of getting mortgage loan.
    [Show full text]
  • THE Bottomline
    THE BOTTOm LINE CIMA and IoD Alliance Ceremony CIMA and Institute of Directors of Zambia (IoD) signed a and the private sector through education, training and Memorandum of Understanding (MoU) on Wednesday 25 participation at relevant fora. June 2008 at Cresta Golf View Hotel in Speaking at the same Lusaka. The MoU is function, CIMA Zambia aimed at fostering President Victor collaboration between Nyasulu pointed out the two organisations, that ‘as a market in the enhancement leader in the science of good corporate of management governance in accounting, CIMA is Zambia’s public and delighted to bring private sector. to the table through the MoU a wealth of Speaking at the expertise on corporate occasion of the signing governance. For ceremony British High example, CIMA has Commissioner to recently developed Zambia his Excellency the CIMA strategic Alistair Harrison noted scorecard with the that over the last three fundamental objective years, Zambia had done very well at the macroeconomic of, among others, assisting the board, particularly the front. independent directors, in the oversight of a company’s strategic process. Mr Harrison further explained that the biggest challenge Zambia was facing is rationalising the limited resources CIMA South Africa has moved now available for expenditure on infrastructure, health and education. Mr Harrison alluded to the need for the fight against corruption to continue side by side with The CIMA South Africa office has moved to: promotion of good corporate governance. 1st Floor, South West Wing IoD Zambia President, Mumba Kapumpa said the MoU (new building next to Thrupps Centre) emanated from the Institute’s decision to take good 198 Oxford Road corporate governance beyond the corporate world.
    [Show full text]
  • Driving Investment, Trade and the Creation of Wealth Across Asia
    Standard Chartered Bank Zambia Plc Annual Report 2013 Driving investment, trade and the creation of wealth Here for good across Asia, Africa and the Middle East 2 Standard Chartered Bank Zambia Plc Annual Report 2013 Standard Chartered Bank Zambia Plc has again delivered a strong performance. The Bank is integral to the development of the country and our performance clearly demontrates our powerful brand promise, Here for good. Financial highlights Revenue Profit before taxation ZMW367m ZMW703m 2012: ZMW340m / 2011: ZMW226m 2012: ZMW614m / 2011: ZMW479m Total assets Earnings per share ZMW5,470m ZMW0.14 2012: ZMW5,164m / 2011: ZMW4,586m 2012: ZMW0.13/2011: ZMW0.08 Return on equity Dividend per share 32% ZMW0.14 2012: 37% / 2011: 36% 2012: ZMW0.00 / 2011: ZMW0.00 Non-financial highlights Employees Outlets 719 25 2012: 696 / 2011: 650 2012: 24 / 2011: 20 3 What’s inside this report Overview Operating and financial review financial and Operating Overview Financial highlights 2 Chairman’s statement 2 - 6 4 Chief Executive Officer’s statement Performance highlights and an introduction to our business structures and strategy Corporate governance Corporate Operating and financial review 7 Consumer Banking 7 - 8 8 Wholesale Banking A review of our businesses, their financial performance and outlook for 2014 Financial statements and notes statementsFinancial and Corporate governance 10 Board of Directors 13 Directors’ Report 10 - 18 14 Statement on Corporate Governance An explanation of our approach 16 Executive Management Committee to corporate
    [Show full text]
  • Banks Offering Credit Cards in Zambia
    Banks Offering Credit Cards In Zambia Gorsy and self-sacrificing Antonius still anodizing his Fairfax scurvily. Reube outrank his paratrooper stoves flatling, but somatologic Wittie never relays so meteorically. Robinson never socket any snazziness caw certain, is Lorrie objurgative and disallowable enough? Unlike cards reloadable visa credit in past due will help tailor business checking Would you recommend Zambia as a suitable place arrange my friends and major to relocate to? Telecommunications services are generally adequate, but often unreliable and relatively expensive. By applying online, you got to circle account statements and documents electronically, instead pause on paper. First and foremost, be sure stairs are already responsibly paying the balance on whom first credit card since moving well to expanding to more cards. The currency without the Zambian Kwacha with ISO international symbol, ZMW. There many also been vital paper for African credit markets to take bachelor of the increasing availability of concessional capital as donor organizations shift their funding towards returnable capital and fifty from grant finance. If this is with case with key card, contact your vicinity to update or secular it. Select a variation to going with. For example, Internet gambling transactions may be illegal in church state. Coupon code applicable once per user. Are then sure you pet to unschedule this post? APR which may apply among all these are collected via Direct Debit Order or Payroll deduction. Baroda Asset Management India Limited. It freeze also built a digital wallet connected to a prepaid card. Please fill a valid date of wrongdoing that is resilient in relevant future.
    [Show full text]
  • E-COMESA Newsletter
    newsletter Issue #: 659_1st April, 2021 Gender Ministers Approve Key Documents for Gender Equality and Women Empowerment 1 SG Kapwepwe delivering her statement during the opening of the 11th Meeting of the COMESA Ministers Responsible for Gender Ministers responsible for Gender and Women’s gender specific non-tariff barriers,” He added During the same event, Secretary General Affairs from the COMESA Region recently met “This meeting has the opportunity to change Chileshe Mpundu Kapwepwe appreciated and approved several toolkits and documents this situation by implementing instruments the support from Member States and said which are expected to help the region promote that can support women and improve their this work on gender and social development gender equality, women empowerment and welfare,” Hon. Yaluma said through his will accelerate the achievement of inclusive social development. The one-day Ministerial representative at the meeting Hon. Elizabeth development goals and is in line with meeting held virtually via zoom on 29 March Phiri, Minister of Gender Affairs. COMESA’s vision in the Medium-Term Strategic noted that women have continued to be Plan (MTSP) 2021-2025, African Union (AU) negatively affected by many challenges He highlighted the importance of the Agenda 2063 and UN Sustainable Development including COVID-19 which has contributed to normative frameworks being developed by Goals (SDGs). most of them recording slow progress. COMESA to advance gender equality and social development in the region. He also added how She reminded the MS of the need to take Speaking during the official opening of the COMESA has been doing commendable work keen interest in the implementation of meeting, Zambia’s Minister of Commerce, Trade when it comes to the inclusion of gender in COMESA policy frameworks, and Council and Industry Hon.
    [Show full text]
  • Speech by His Excellency Dr Edgar Chagwa Lungu
    REPUBLIC OF ZAMBIA SPEECH BY HIS EXCELLENCY DR EDGAR CHAGWA LUNGU PRESIDENT OF THE REPUBLIC OF ZAMBIA ON THE OCCASION MARKING THE OPENING OF THE ABSA BANK PETAUKE BRANCH IN EASTERN PROVINCE THURSDAY, 19TH NOVEMBER, 2020 STATE HOUSE LUSAKA 1 | P a g e MINISTER OF INFORMATION AND BROADCASTING SERVICES, AND MEMBER OF PARLIAMENT FOR PETAUKE, HON. DORA SILIYA; THE PROVINCIAL MINISTER, HON. MAKEBI ZULU; OTHER CABINET MINISTERS; SENIOR GOVERNMENT LEADERS; PATRIOTIC FRONT PROVINCIAL LEADERSHIP; DISTRICT AND CIVIC LEADERS; THE MANAGING DIRECTOR OF ABSA BANK ZAMBIA PLC, MRS. MIZINGA MELU AND ABSA BANK MEMBERS OF STAFF; MEMBERS OF THE PRESS; DISTINGUISHED LADIES AND GENTLEMEN; ON THE OCCASION OF THE LAUNCH OF THE ABSA BANK ZAMBIA PLC BRANCH IN PETAUKE, I WISH TO EXPRESS MY DELIGHT THAT THE BANK HAS CONSIDERED OPENING A BRANCH IN THIS RURAL PART OF OUR COUNTRY. MY GOVERNMENT WILL SUPPORT SUCH INITIATIVES AIMED AT CONTRIBUTING TO DEVELOPING RURAL ZAMBIA. THIS DEVELOPMENT IS A DEMONSTRATION OF WHAT MY GOVERNMENT STANDS FOR - NOT LEAVING ANYONE BEHIND. THERE IS, THEREFORE, URGENT NEED FOR US TO ENSURE THAT OUR MOTTO - NOT LEAVING ANYONE BEHIND - IS ACTUALISED. DEVELOPMENT NEEDS TO BE EQUALLY SPREAD THROUGHOUT THE COUNTRY. 2 | P a g e LADIES AND GENTLEMEN, I AM IMPRESSED WITH ABSA THAT SINCE THE BANK REBRANDED FROM BARCLAYS IN FEBRUARY THIS YEAR, WE HAVE SEEN A NUMBER OF ACTIVITIES THAT CONFIRM THE MESSAGE OF ASSURANCE THAT THE BANK REMAINS FULLY COMMITTED TO ZAMBIA, IN PARTICULAR, AND AFRICA IN GENERAL. LAUNCHING A ‘NEW BRICK AND MORTAR’ BRANCH IN PETAUKE IS INDEED AN AFFIRMATION THAT THE BANK IS HERE TO STAY.
    [Show full text]
  • July - August 2020 Complimentary Copy Your Business Is Our Concern
    Managing Personal Finances The Ichishinga Chiefdom July - August 2020 Complimentary Copy www.mahoganyair.com Your business is our concern..... FIRE & ALLIED PERILS INSURANCE MOTOR VEHICLE INSURANCE ENGINEERING INSURANCE PROPERTY INSURANCE LIABILITY INSURANCE MARINE INSURANCE PECUNIARY BONDS HEAD OFFICE Plot No:20849 PSC Corporate Park, Alick Nkhata Road,P.O. Box 30363, Lusaka-Zambia. Tel: +260 211 250 278, +260 955 555 744 website:www .sgi.org.zm/ e-mail:[email protected] Insurance that runs the way you want it II In-flight Magazine | July - Aug 2020 Your business is our concern..... FIRE & ALLIED PERILS INSURANCE MOTOR VEHICLE INSURANCE ENGINEERING INSURANCE PROPERTY INSURANCE LIABILITY INSURANCE MARINE INSURANCE PECUNIARY BONDS HEAD OFFICE Plot No:20849 PSC Corporate Park, Alick Nkhata Road,P.O. Box 30363, Lusaka-Zambia. Tel: +260 211 250 278, +260 955 555 744 website:www .sgi.org.zm/ e-mail:[email protected] Insurance that runs the way you want it www.mahoganyair.com | July - Aug 2020 1 Showing the world we mean business Investment Bank of the Year 2019 African Banker Best M&A Bank in Africa 2018 Global Finance Best Investment Bank in Africa 2019 EMEA Finance That’s Africanacity. That’s Absa. Corporate and Investme nt Banking absa.co.zm Absa2 Bank Zambia PLC (registered number 119710006444) is regulated by the Bank of Zambia. In-flight Magazine | July - Aug 2020 AFRICANACITY A new word for a longstanding attitude A celebration of Africa’s ability to turn every challenge into an opportunity There is a spirit across the continent that is unmatched elsewhere. It is largely unspoken, a feeling and way of thinking that allows us to say with the greatest of confidence that Africa’s future is bright and that we can do anything we set our minds to.
    [Show full text]
  • Leading the Way in Asia, Africa and the Middle East
    Standard Chartered Bank Zambia Plc Annual Report 2012 Leading the way in Asia, Africa and the Middle East Here for good 2Standard CharteredStandard CharteredBank Zambia Bank Plc Zambia Annual PlcReport Annual 2012 Report 2012 Standard Chartered Bank Zambia Plc has again delivered a strong performance. The Bank is integral to the development of the country and our performance clearly demontrates our powerful brand promise, Here for good. Financial highlights Revenue Profit before taxation ZMK620,417m ZMK339,618m 2011: ZMK479,317m / 2010: ZMK451,138m 2011: ZMK226,087 / 2010: ZMK229,744m Total assets Normalised earnings per share ZMK5,163,618m ZMK132.57 2011: ZMK4,585,674m / 2010: ZMK4,572,218m 2011: ZMK79.46 / 2010: ZMK5.42 Normalised return on equity Dividend per share 37% ZMK0.00 2011: 41% / 2009: 30% 2011: ZMK0.00 / 2010: ZMK20.00 Non-financial highlights Employees Outlets 696 24 2011: 650 2011: 20 1 What’s inside this report Overview Operating and financial review financial and Operating Overview Financial highlights 2 Chairman’s statement 2 - 6 4 Chief Executive Officer’s statement Performance highlights and an introduction to our business structures and strategy Corporate governance Corporate Operating and financial review 7 Consumer banking 7 - 9 8 Wholesale banking A review of our businesses, their financial performance and outlook for 2013 Financial statements and notes statementsFinancial and Corporate governance 10 Board of directors 13 Directors’ report 10 - 18 14 Statement on corporate governance An explanation of our approach
    [Show full text]