FINANCIAL SERVICES

MBCA Bank cedes shares to workers

MBCA Bank has ceded 7.5 percent shares to its workers through the Employee Share Ownership Scheme in line with the approved indigenisation plan.MBCA Bank chairman, Mr Vimbai Zireva, said this in a sta...

By Staff reporter | Published: 08 March 2018
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FINANCIAL SERVICES

MBCA record $7,8 million profit

MBCA Bank reported a 40 percent increase in profit after tax to $7,8 million for the year to December 31 2017 from $5,6 million recorded in 2016.The Nedbank subsidiary said the profit was achieved due...

By Staff reporter | Published: 05 March 2018
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FINANCIAL SERVICES

MBCA to change name to Nedbank Zimbabwe

MBCA Bank, a unit of South Africa's Nedbank Group, has now started the process of changing its name, which was first announced three years ago. The bank will adopt its parent's name, Nedbank.The Nedba...

By Staff | Published: 01 February 2018
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FINANCIAL SERVICES

MBCA, Econet in talks over Ecocash

FOREIGN-owned bank MBCA and the country's largest mobile network provider Econet Wireless Zimbabwe are finalising a deal which will see the bank integrate with the latter's mobile money platform EcoCa...

By Staff reporter | Published: 09 August 2017
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FINANCIAL SERVICES

MBCA pursues Nedbank facility

MBCA Bank (MBCA) - a unit of Nedbank group - says it is working on accessing loan financing from Export Credit Insurance Corporation (ECIC) of South Africa."The bank (MBCA) is in contact with our clie...

By Staff reporter | Published: 25 March 2014
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FINANCIAL SERVICES

MBCA sees opportunity after elections

MBCA Bank, a unit of South Africa's Nedbank, has positioned itself to take advantage of opportunities that may be presented by the political and economic environment after the harmonised elections.Ba...

By Business reporter | Published: 19 August 2013
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FINANCIAL SERVICES

MBCA gets $75 million from Nedbank

MBCA Bank has secured US$75 million from majority shareholder, Nedbank Group of South Africa, to provide lines of credit to Zimbabwean companies.MBCA managing director, Charity Jinya, last week told T...

By Business reporter | Published: 19 July 2013
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FINANCIAL SERVICES

MBCA, Mukuru in a money transfer partnership

MBCA Bank and Mukuru.com have partnered in providing instant money transfer service to MBCA and non-MBCA customers.MBCA Bank said it is pleased to be in partnership with Mukuru.com in the provision o...

By Staff reporter | Published: 10 June 2013
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