Standard Chartered - The Zimbabwe Independent

Topic : Standard Chartered

Standard Chartered Plc takes US$172m hit on Zim exit

The loss reflects years of value erosion due to exchange rate volatility, ultimately dragging down the group’s earnings.

By Tatira Zwinoira May. 9, 2025

Standard Chartered Plc takes US$172m hit on Zim exit

Government deliberately burying formal market

To summarise this, the competitive landscape in Zimbabwe has significantly shifted over the last 15 years and there is no longer an adherence to rules by the book.

By Equity Axis Jan. 24, 2025

Government deliberately burying formal market

Biti slams fictitious policies for inflaming de-industrialisation

According to Biti, macro-economic projections forecast by Ncube were unattainable.

By Freeman Makopa Dec. 13, 2024

Biti slams fictitious policies for inflaming de-industrialisation

FBC gets US$10m change in StanChart Zim’s acquisition

The amount was based on the indicative net asset value of the bank using a “proforma completion balance sheet” computed as of March 31, 2023.

By Tatira Zwinoira Oct. 18, 2024

FBC gets US$10m change in StanChart Zim’s acquisition

Premium

Global corporates dump Stanchart

This move came after Standard Chartered Plc’s 2022 decision to withdraw from several emerging markets, including Zimbabwe.

By Melody Chikono Aug. 2, 2024

Ceteris Paribus: What to expect from Stanchart acquisition

The transaction also fell within FBCH’s market adoptive plan of enriching and widening its loan underwriting capacity in the face of increasing volatility.

By Tinashe Duma May. 24, 2024

Ceteris Paribus: What to expect from Stanchart acquisition

Stanchart Zim workers deserve honesty, respect

We understand the bank's decision to leave, but we expect a more considerate approach when it comes to the welfare of its employees.

By The Zimbabwe Independent May. 24, 2024

Stanchart Zim workers deserve honesty, respect

Stanchart leaves trail of ‘distress’... pensioners petition London head office over looting claims

Timmy Nheru, managing director at Minerva, refuted the allegations, saying: “The information is readily available. The pensioners never asked to see those documents.”

By Mthandazo Nyoni May. 24, 2024