Tag: INDO

INDO-ZAMBIA BANK TO PAY K75M IN DIVIDENDS

By Etambuyu Katota- INDO-Zambia Bank has declared a 75 million Kwacha dividend¬† for the 2020 financial year. The Industrial Development Corporation -IDC-which has a 40 percent stake in INDO-ZAMBIA Bank will receive 30 million Kwacha of the total 75 million Kwacha dividend payout. The dividend payment is 4 million Kwacha higher than the 71 million…

IDC, INDO, BARODA, BOI, CBI SIGN MOU

December 18, 2019December 18, 20192By Ellen Hambuba:Government through the Industrial Development Corporation -IDC- and three other shareholders of Indo Zambia Bank have for the first time in 35 years signed a shareholders agreement that will further stimulate growth for the financial institution.The shareholders, IDC, Bank of India, Central Bank of India and Bank of Baroda…
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