News Archive

NEWS - 2006

 The award of the Second National Operator Licence in Kenya to a consortium led by Vtel Holdings Ltd represents a major transaction arranged by Loita Capital Partners International Limited...MORE

MIGA issues a guarantee to LCPI Mauritius

MIGA has issued a $717,000 guarantee to Loita Capital Partners International Limited of Mauritius, covering its equity investment into the National Financial Credit Bank S.A of Cameroon...More

ORPHAN SUPPORT AFRICA Empowering Communities to lead th efight against HIV/ AIDS

Orphan Support Africa received a $2,124,992 grant from the Bill & Melinda Gates Foundation to help local community groups that provide critical care to some of the world's most vulnerable children in Malawi and southern Tanzania. EERF was a main supporter of the early project work of OSA, and a funder for a number of pilot villages where the concepts for effective AIDS orphan's care and education were effectively tested...MORE

Groupe Mon Loisir partners with LCPI to open a bank - By Alain Barbe, L'Express - Friday December 1, 2006

Le secteur financier s'enrichit de l'arrivée d'un prestigieux opérateur. Il s'agit du groupe Mon Loisir qui ouvrira sa propre banque au cours du deuxième semestre de l'année prochaine.

Il y a un enorme travail de mise en place des structures. Cela sera fait dès à present avec la collaboration de ses partenaires, dont Loita Capital Partners International...MORE

 

Afreximbank to invest US $80m in Export Fund of Zambian-By Kingsley Kaswende

The EFZ is a US $100 million fund sponsored by the Export Board of Zambia (EBZ) jointly with LOITA Capital Partners International, a regional investment banking institution...MORE

Policy Issue in development of Corporate Bond market - Tuesday November 7, 2006

There are several good reasons for developing bond market. The most fundamental reason is to make financial and capital market more complete by generating market interest rates that reflect the opportunity cost of funds at each maturity...MORE

National Financial Credit: des perspectives de croissance prometteuses-By Cameroon Tribune, Publi-Reportage - Monday July 3, 2006

L'institution financière privée basée à Yaoundé a signé le 27 juin 2006 un accord de partenariat avec LOITA Capital Partners International Limited d'Afrique du Sud...MORE

Partnership Agreement between LOITA Capital Partners International Limited and NFC-By Cameroon Tribune, Le Quotidien National Bilingue - Friday June 30 2006

LOITA Capital Partners International Limited is going to participate in the management of NFC for the next five years.  It will come up with all its management competence in banking and finance so as to be able to accelerate NFC into international community and nationwide...MORE

Zim trades minerals for loans- 31 May 2006

 

Harare - Zimbabwe is trading its mineral wealth for foreign loans in a bid to ride out its economic crisis, but analysts say yields will be limited by lack of confidence in President Robert Mugabe's government...MORE

 

US$50m fuel import facility unveiled - By Business Reporter, The Herald - Tuesday May 30, 2006

Following an agreement signed between the central bank and a French bank, BNP Paribas, and co-arranger of the faciliy, Loita Capital Partners International, the National Oil Company of Zimbabwe(Noczim) will import fuel for both private and public sectors...MORE

Zimbabwe secures $50 million revolving fund for fuel - By Cris Chinaka, Reuters, Harare, Tuesday May 30, 2006

Reserve Bank of Zimbabwe Governor Gideon Gono said on state-run television he had on Tuesday signed a one-year deal with European bank BNP Paribas and a South African financial institution, Loita Capital Partners, for a $50 million revolving fund to buy fuel...MORE

Press Release:- Industrial Credit Company (ICC) – Lusaka , 5 April 2006

Speech by Max Honde, ‘Outgoing' CEO of Industrial Credit Company (ICC), made at the farewell and welcoming cocktail function in Lusaka , 5 April 2006... MORE

 

 

Geoff Silwizya becomes new CEO of ICC - By ICC Press Statement, Zambia - Friday 10 March, 2006

Zambia's Largest leasing company, Industrial Credit Company Limited (ICC) has announced the appointment of Mr Geoffrey Silwizya, a Zambian national, a its new General Manager and CEO to replace... MORE

Funding your business with debt/ loan versus equity capital - Tuesday January 31, 2006

Before you try to raise funds for your business, it is important to determine whether debt or equity financing is more appropriate for your needs...MORE

Building a Strong Syndicated Loan Market in our Financial Market - Tuesday January 17, 2006

The Kenya financial market has started to embrace the growth of syndicated loan financing. A case in point is the Celtel Kenya Ksh.6 billion Syndicated Loan refinancing completed on December 2004...MORE

Faciliter l'investissement mauricien en Afrique By Le mauricien, Mauritius – Saturday January 7, 2006

Le groupe international LOITA Capital Partners se propose de faciliter l'investissement mauricien sur le continent africain ... MORE

 

NEWS - 2005

Housing Finance joins ATM network - By John Oyuke, The Standard, Kenya - Friday December 23, 2005

Housing Finance yesterday joined the Kenswitch family, becoming the latest financial institution to embrace the online automated teller machine (ATM) network...MORE

Housing Finance hooks to Kenswitch ATM Network - Kenya - Friday December 23, 2005
 

The company's more than 40,000 savings account holders will access their accounts at any Kenswitch ATM across the country...MORE

Meauring IPO success in our stock market - Tuesday, November 29, 2005

With Kenya Initial Public Offering (IPO) market begining to show signs of recovery, with Nairobi Stock Exchange (NSE) warming up for both KENGEN (Kenya Electricity Generating Company) and Equity Bank IPOs it's important to remind ourselves of how to measure IPO success as investors...MORE

Financial Consultancy Winner 2005 - By Africa Investor, South Africa - Monday November 21, 2005

Stocks and Bonds: How to choose the right option - Tuesday November 15, 2005

Choosing the right mix of stocks and bonds can be one of the most basic yet confusing decisions facing any investor. In general, the role of stocks is to provide long-term growth potential  and the role of bonds is to provide an income stream. The question is how these qualities fit into your investment strategy...MORE

ZAMLINK WILL REACH ALL PARTS OF THE COUNTRY - By Kelvin Chambwa, Zambia - Friday October 14, 2005

LOITA Transaction Services (LTS) chairman Dr Delwin Roy yesterday said the Zamlink electronic switch for connecting commercial banks' automated teller machines (ATMs) would be rolled out to all parts of the country...MORE

Understanding Corporate Bonds - Tuesday October 4, 2005

The first think that comes to poeple's minds when they think of investing is the stock market...MORE

THREE BID FOR ZNCB SHARES - By Times Reporter, Zambia - Tuesday, September 13, 2005.

THREE bidders, among them the second bidder which include a group of Zambian nationals and fund managers is the Industrial Credit Company (ICC) consortium, comprising ICC Zambia, a subsidiary of ICC Africa Holdings...MORE

LOITA, EBZ SIGN MOU FOR $ 100M EXPORTER'S FUND - By Business Reporter - Zamia, September 2005

LOITA Capital Partners International has signed a Memorandum of Understanding (MoU) with the Export Board of Zambia (EBZ) to create a U$$ 100 million that will provide export finance...MORE

 

FINTECH CARVES A NICHE IN THE BANKING INDUSTRY by Market Intelligence - “The Business and Finance Journal” www.mi.co.ke - Kenya, July 2005

Having recently celebrated its tenth anniversary, Fintech, a wholly owned subsidiary of Loita Holdings Corporation Africa, is One company that has endeared itself among banks by providing IT related solutions in Africa is Fintech. We take a look at the company, its partners, products and services ...MORE

Focus on Joseph Chikolwa CEO of the Lusaka stock Exchange - TRADERS, African Business Journal, South Africa - June 2005

Mr. Justin Chinyanta, Chairman and CEO of Loita Group. He has been able to gain recognition in the finance world through hard work and use of his skills. He is a remarkable person and not with standing his successes, he remains a down to earth man...MORE

LOITA AT AI ADVISORY BOARD MEETINGS - by Africa Practice, London - 15th May 2005

The Africa investor Advisory Board, supported by Nestle and Guinness, has hosted a reception on “ Africa's Investment Profile and the Millennium Development Goals”...MORE

LOITA SAYS TOBACCO FOREX STILL LOW - Daily Times, Malawi – 13th May 2005

INFLOWS of US dollars at the tobacco auction floors are not significant enough to halt Kwacha's depreciation against major trading currencies...MORE

GOLD SERVICE GOES LIVE IN ZAMBIA LEASING MARKET - Ndola, Zambia - 10th May 2005

ICC boasts of its Brand Supremacy in Zambia as latest (March)statistics from Central bank show it as having lions market share. ICC has also seriously embarked on ensuring that it gives customer responses within 48 hours (part of its commitment to operational efficiency) through its recently launched blanket facility / gold card client facilities, customer intimacy (through its enhanced business development function), and product innovation / leadership, through its unique supplier finance products.

PARTNERS ADVISED TO KNOW EACH OTHER FIRST Daily News Online, Botswana - 06 May, 2005


People who wish to go into business partnerships were this week told that investing money and time into the partnership is not enough to sustain a joint business venture....MORE

EXPERT GIVES ADVICE ON JOINT VENTURES  Mmegi Business Week – www.mmegi.bw, Botswana – 4 th May 2005

Justin Chinyanta, who is the chief executive of Loita Capital Partners, said yesterday during the Botswana Export Development and Investment Authority (BEDIA) sponsored seminar on joint ventures that understanding one's partner would make a good joint venture...MORE

EABS TO MERGE WITH AKIBA BANK - The Financial Standard, Kenya - Monday 21st March, 2005

 Kenswitch Ltd,  was set up by a consortium of banks led by the Loita I.T. arm Fintech Group, to provide to the financial community a shared ATM infrastructure so as to facilitate the use of debit cards for the bank's customers. This consortium has been sanctioned and has the active support of the Central Bank of Kenya....MORE

ELECTION OF CHAIRMAN OF BANKERS' ASSOCIATION OF ZAMBIA - Zambia -March 15, 2005

Anthony Grant - Managing Director, Finance Bank Zambia appointed Chairman of  the Bankers' Association of Zambia....MORE

 

LOITA, DBSA SIGN LOAN DEAL - Nation - Malawi - March 14, 2005

Loita Investment Bank Limited on Wednesday signed a US$5 million (about K500, 000 million) Import and export....MORE

LOITA CAPITAL PARTNERS INJECTING OVER SH160 MILLION INTO CITY FINANCE - East African Standard, Nairobi, Kenya - January 10, 2005...MORE                                                            

 

NEWS - 2004


LOITA RECEIVES PAN-AFRICAN BUSINESS OSCAR - The Post and Times of Zambia - December 8, 2004.(Doc. type: PDF; Size:4Kb)

Loita Capital Partners was presented with The Best Financial Consultancy of the year award at the inaugural Africa investor awards...MORE

PREMIUM FINANCING COMES TO UGANDA - East Africa Procurement News, Kampala, Uganda - 29 November 2004.

Premium financing, a specialised form of lending for health and insurance covers, has been launched in Uganda by AAR Credit Services (AAR C.S). “The only security is the first installment with cash or current cheque...MORE

DEALERS ASSOCIATION – CHAIRMAN - Lusaka, Zambia - September 2004.

Loita changes once again the face of the Zambian financial market.  The first ever Dealers Association in Zambia was launched in September thanks to the efforts of the two Finance Bank Zambia seconded Loita officers - Miles Sampa & Jacques de Jager.  The launch was held in September at the Pamodzi Hotel with the Central Bank Governor as the guest of honour.  Commercial Banks & Reuters were an integral part of the success of the launch.  The Financial Markets Association (ACI) Zambia regroups 49 member dealers from various banks and is recognised by the Bankers Association of Zambia.  Miles Sampa is the inaugural Chairman of the Dealers Association at present.  For further information on the Dealers Association of Zambia activities, please contact loitags@intnet.mu

After five years of restructuring and managing Banque Africaine Continentale (Rwanda), Loita Capital Partners International has now successfully completed the privatisation of the bank on the 30th September, 2004. The bank was being managed by Loita on behalf of the Government of Rwanda and a key tenet was to assist them in the privatisation of the bank.

INCREASING CAPITAL FLOWS TO AFRICA - Johannesburg, South Africa, 29-30 Sept 2004.

 

Justin Chinyanta invited to speak……MORE

TRAINING: - THE FUNDAMENTALS OF CREDIT - Club Makokola, Lake Malawi, 12 - 22 Sept 2004 (Doc. type: PDF; Size:4Kb)

CHANGES AT THE TOP OF LOITA – Daily Times, Blantyre, Malawi - 29 July 2004.

 

VICE- President of Loita Capital Partners, who owns Loita Investment Bank in Malawi. Jacques De Jagger, will in September take over the reins of the local branch to replace Jerome Bissay who is moving to Rwanda...MORE

LOITA BANK ON EXPANSION PATH BY THE NATION – The Nation, Malawi - 22 July 2004.

Loita Investment Bank (Malawi) Limited (LIB) is planning to open new branches in Blantrye and Lilongwe to meet rising customer demand...MORE

INDUSTRIAL CREDIT COMPANY (ICC) HAS TWO NEW DIRECTORS…WHILST ITS CEO GETS APPOINTED AS VICE PRESIDENT OF THE AFRICA LEASING ASSOCIATION - Lusaka, Zambia - June 3rd 2004

Industrial Credit Company Ltd (ICC) has appointed Ms Chilufya Mbalashi, former Deputy Governor of the Bank of Zambia and Mr. Bill Saunders, Senior Partner for BDO Spencer Steward Zambia, to the Board...MORE

ICC SUPPORTS THE DAG HAMMARSKJOLD LIVING MEMORIAL INITIATIVE CHAIR OF PEACE, HUMAN RIGHTS AND CONFLICT MANAGEMENT IN ZAMBIA - Ndola, Zambia, June 2004

Zambia's premier and leading asset finance firm, Industrial Credit Company Limited (ICC), a Loita Group Company, has provided an endowment of USD25, 000.00 as financial assistance to this worthy initiative this year...MORE

EAST AFRICAN DEVELOPMENT BANK (EADB) TO LIST BOND OF US$20 MILLION ON 3 RD MAY - Nairobi, Kenya, May 1, 2004

The EADB will be launching the issue of their US$20million Bond on the 3 rd May 2004 in Kenya. This fixed rate Bond due 2011 will be the seventh Bond...MORE

LOITA INVESTMENT BANK APPOINTS MALAWIAN AS ACTING MANAGING DIRECTOR -Blantyre, Malawi, May 10, 2004

The Board of Loita Investment Bank has appointed its head of Liability Management Mr. Aubrey Chalera as Acting Managing Director. MORE

INTERNATIONAL CONFERENCE ON CORPORATE SOCIAL RESPONSIBILITY - "TRENDS IN GLOBAL CORPORATE SOCIAL RESPONSIBILITY PRACTISES"

New York City, New York, April 21-22, 2004

Dr Delwin A. Roy - Partner and Secretary of the Loita Group of Companies and President of The Eric Edward Roy Fund presents the paper "Trends in Global Corporate Social Responsibility Practises - The Case of Sub-Saharan Africa." MORE

 

 NEWS - 2003

 

“Mobilising the Private Sector in Support of NEPAD” - Sandton, South Africa, 8 December 2003

George Miseda, of Loita Capital Partners, also addressed financing issues...MORE

BANK OF ZAMBIA GIVES LEASING SECTOR THUMBS UP - By Times of Zambia, Friday, November 21, 2003

The Bank of Zambia (BoZ) says it is impressed with the performance of the leasing sector

in Zambia...MORE

ECONOMIC DIVERSIFICATION BOON TO LEASING INDUSTRY - By Times of Zambia, Friday, November 20, 2003

Industrial Credit Company (ICC) says the process of diversifying the economic base in Zambia is providing huge opportunities...MORE

THE DBSA REACHES US$ 8 MILLION (APPROXIMATELY R61 million) AGREEMENTS WITH THE INDUSTRIAL CREDIT COMPANY (ZAMBIA) AND THE LUNSEMFWA HYDRO POWER COMPANY - Lusaka, Zambia - November 17, 2003

DBSA, NORSAD gives ICC $ 10M - By Speedwell Mupuchi, Lusaka, Zambia

Excerpt from Business News Zambia, November 17th, 2003

 

The Development Bank of Southern Africa (DBSA) and the Nordic/ Southern Africa Development Community (NORSAD) has given the Industrial Credit Company (ICC) US $10 million loan facility to develop Zambia's capital market … MORE

LOITA ON GROWTH TRACK - Blantyre , Malawi – Monday, 3rd November, 2003

 

To open branch in Limbe … MORE

 

A TOUCH OF LOITA JAZZ - Blantyre, Malawi - Monday, 3rd November 2003

 

It was a first in the country's corporate circles that I have seen a managing director do what most MDs and CEOs would not do, playing jazz for his clients … MORE

 

WHAT INVESTORS WANT (IN THE CONTEXT OF AFRICAN CAPITAL MARKETS) UNITED NATIONS ECONOMIC COMMISSION FOR AFRICA - WORKSHOP ON AFRICAN CAPITAL MARKETS - Johannesburg, South Africa, 27-29 October, 2003

 

By N. Justin Chinyanta, CEO, Loita Capital Partners International - http://www.uneca.org/acmdp

 

LOITA INVITED ONTO CAPITAL MARKETS WORKSHOP AT AFRICAN DEVELOPMENT BANK MEETINGS 2003 - Addis Ababa, Ethiopia, June 2003

The African Development Bank held a two day Workshop covering the Capital Markets in Africa, responding to the private sector and issues affecting the growth in this market as well as providing solutions. This Workshop was presented by leading figures in the finance world of Africa, including N. Justin Chinyanta of Loita Capital Partners International Ltd and had a hugely successful participation from both the government and private sector … MORE

 

NEWS - 2002

LOITA TARGETS AGRO-INDUSTRY.... MORE

By Ephraim Munthali, Kanengo, Malawi, 03 December 2002

 

LOITA/LLOYDS/SCOTTISH WIDOWS HOSTS PANEL AT AFRICAN DEVELOPMENT BANK ANNUAL MEETINGS
Addis Ababa, Ethiopia, 28 May 2002

 

The Loita Group of companies, Lloyds TSB Bank plc & Scottish Widows Investment Partnership hosted a highly successful breakfast panel addressing the issues of effective management and application of the considerable resource … MORE

 

LIB LILONGWE BRANCH OPENING … MORE

Lilongwe, Malawi, 02 November 2002




NEWS - 2001

 

SMALL SCALE FINANCING TAKES HOLD IN AFRICA … MORE

New York Times, December 17, 2001  

 

NEWS - 2000

AAR CREDIT SERVICES SELL 36.5% EQUITY STAKE TO LOITA CAPITAL PARTNERS INTERNATIONAL - by AAR Credit, December 2000

 

THE NEW BUILDING SOCIETY - VOL.4 NO. 4 - BY THE PRIVATISATION COMMISSION OF MALAWI - 30th JUNE 2000

 

The Commission has completed the evaluation of bids received for the acquisition of 50.5% of the Society. Loita Capital Partners were adjudged the successful bidder. Loita have teamed up with Beverly Building Society (BBS) of Zimbabwe, who will be providing management expertise. BBS are the second largest building society in that country.

In terms of relevant legislation, the bid by Loita is subject to final approval of the Reserve Bank of Malawi as regulator of the financial services sector.

Please send us your suggestions for posting to loitags@intnet.mu

 

EADB pioneered the issuing of bonds in the region in 1996. These bonds were the first, and for many years, the only instruments listed on the nascent Dar es Salaam and Uganda stock exchanges, reports CHRIS MBURU 

 

EADB pioneered the issuing of bonds in the region in 1996. These bonds were the first, and for many years, the only instruments listed on the nascent Dar es Salaam and Uganda stock exchanges, reports CHRIS MBURU 

 

Zambia sets up export fund for its firms' financial requirements- 19 March 2006

 

 

 

 

The Export Board of Zambia (EBZ) has earmarked US$100 million for the establishment of an export fund in conjunction with Loita Capital Partners of Mauritius...MORE

 

Loita News

Kenswitch Rebranding 27th October 2015

Mr Justin Chinyanta's Speech as an Africa Entrepreneur

Interview at the recent ETTG Conference, Brussels, 28th October 2013

http://youtu.be/0WphPIDUL5c

UNECA invites Loita to its ad-hoc group meeting on State of Private Equity in Africa, Oct 2013

IGD's Leadership Council welcomes prominent African CEOs

HRH Commonwealth Study Conferences - Participant Mr Justin Chinyanta

Loita Management Services provides advisory and administrative services to GBOT members

Loita's work in bringing banking to underserved segments of African countries Justin Chinyanta nominated one of the CEO's of "Frontier 100"

 


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