Investrust Bank
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Investrust Bank
Investrust Bank Plc., commonly known as Investrust Bank, is a commercial bank in Zambia. It is licensed by the Bank of Zambia, the central bank and national banking regulator. Location The head office of the bank is in Ody's Building, along Great East Road, in Lusaka. The main branch of Investrust Bank Zambia Limited is located in Investrust House, at 4527 and 4527 Freedom Way, in the city of Lusaka, the largest city and capital of Zambia. The geographical coordinates of the bank's main branch are: 15°25'23.0"S, 28°16'46.0"E (Latitude:-15.423056; Longitude:28.279444). Overview , Investrust Bank was a medium-sized financial services provider in Zambia. It had under its control, assets totaling ZMW:1.284 billion (US$129.7 million), with shareholders' equity valued at ZMW:115.32 million (US$11.64 million). History The bank was founded in 1996, registering as a corporate entity, receiving a banking license and commencing banking operations during that year. In the beginning, the in ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Great East Road
The Great East Road is a major road in Zambia and the main route linking its Eastern Province with the rest of the country. It is also the major link between Zambia and Malawi and between Zambia and northern Mozambique.Terracarta: ''Zambia, 2nd edition'', International Travel Maps, Vancouver, Canada, 2000. However, the route does not carry as much traffic as many of the other regional arterial roads and between the main cities it serves, Lusaka and Chipata, it passes through rural and wilderness areas. In Lusaka the road forms the main arterial road for the eastern suburbs. The entire route from Lusaka to Chipata and the Malawi Border Post is designated the T4 Road on Zambia's road network. History Chipata, the capital of the Eastern Province was an early outpost of the British colonial administration as Fort Jameson when Zambia was Northern Rhodesia. Like most of the Eastern Province, it had much easier access to Malawi, then the British protectorate of Nyasaland, and to the Moz ...
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Chirundu, Zambia
Chirundu, Zambia is a town in the Southern Province of Zambia at the border with Zimbabwe and is a key point on the Great North Road. It is the site of two of the five major road or rail bridges across the Zambezi river, the Chirundu Bridge The Chirundu Bridge now consists of two road bridges side by side across the Zambezi River between the small town of Chirundu, Zambia and the village of Chirundu, Zimbabwe. At this location around 65 km downstream from the Kariba Dam the ...s. ThChirundu Petrified Forestis an area of fossil trees 21 km west of Chirundu, lying just south of the Chirundu-Lusaka road near the Kariba turn-off. It is a listed National Monument of Zambia. Chirundu was the home to the local cult leader and faith healer Emmanuel Sadiki roughly from the year 1988 to 1989. On the Zimbabwe side the township is also called Chirundu. External links * https://www.tripadvisor.com/Tourism-g676296-Chirundu_Southern_Province-Vacations.html * https:// ...
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Chipata
The city of Chipata is the administrative centre of the Eastern Province of Zambia and Chipata District. It was declared the 5th city of the country, after Lusaka, Ndola, Kitwe and Livingstone, by President Edgar Lungu on 24 February 2017. The city has undergone rapid economic and infrastructure growth in the years, leading up to city status. Location Chipata is located approximately , east of Lusaka, the capital city of Zambia. This is about west of Lilongwe, the capital city of Malawi. The geographical coordinates of Chipata are 13°38'43.0"S, 32°38'47.0"E (Latitude:13°38'43.0"S; Longitude:32°38'47.0"E). The average elevation of Chipata is , above sea level. Overview Having a modern market, a central hospital, shopping malls, a university, some colleges and a number of schools, Chipata is the business and administrative hub of the region. The town boasts a four star hotel, a golf course, an airport, and a "welcome arch". Developed areas includes Kalongwezi, Moth, and Lit ...
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Chingola
Chingola is a city in Zambia's Copperbelt Province, the country's copper-mining region, with a population of 216,626 (2010 census). It is the home of Nchanga Copper Mine, a deep-shaft high-grade content copper mining operation, which subsequently (in the 1960s) led to the development of two open pit operations, Chingola Open Pit and then Nchanga Open Pit (the latter being the second largest open cast mine in the world). History Chingola was founded in 1943, somewhat later than most other Copperbelt towns. Chingola was built to service the newly opened Nchanga copper mine. Alongside Luanshya (the "Garden Town of the Copperbelt"), Chingola is perhaps one of the best laid-out and most picturesque towns in Zambia. Mines Situated at the north-west end of the Copperbelt Province, the Nchanga Mines Open Pit workings lie in an arc 11 km long around the west and north of the town, covering nearly 30 km2. The deepest part of the pit is 400 m lower than the surrounding plateau ...
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Chililabombwe
Chililabombwe (formerly named Bancroft) is a small town in Copperbelt Province, Zambia. It is located near the Democratic Republic of the Congo border. The name Chililabombwe means 'place of the croaking frog' in the local language of Lamba. The town has a population of 87 000 based on census data from 2010, making it one of the largest towns in the Copperbelt. The town is on the T3 road, 26 km north of the neighbouring town of Chingola, and approximately 10 km south of the large border market of Kasumbalesa. It has also produced national heroes like the late soccer star Eston Mulenga and many others. It's a home for the bundu people. The town's main economic activity is copper mining. Chililabombwe town also has small communities like Konkola. Konkola town is the home of Konkola Copper Mine. Politics The current mayor is Lucky Sichone supported by the deputy mayor, Getrude Witola. The town is represented in the National Assembly by the Chililabombwe constitue ...
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Ridgeway, Lusaka
Ridgeway is a neighborhood in the city of Lusaka, the capital of Zambia. Location The neighborhood is bordered by Independence Avenue to the north, Chitukuko Road to the east, Burma Road to the south and Nationalist Road to the west. The coordinates of the neighborhood are 15°26'05.0"S, 28°19'14.0"E (Latitude:-15.434736; Longitude:28.320553). Overview The neighborhood houses the following national institutions and buildings, among others: * The teaching hospital of the University of Zambia School of Medicine * Arakan Barracks, a unit of the Zambian Defence Force and the headquarters of the Zambia Army The Zambian Army, is the land military branch of the Zambian Defence Force. Like all branches of the Zambian military, citizens of the nation are required to register at 16 years old, and citizens can join at 16 years old with parental consent or .... * National Archives of Zambia See also * Chelston * Cathedral Hill * Garden Township * Matero References {{reflist Ex ...
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Lusaka International Airport
Kenneth Kaunda International Airport is an international airport located in Chongwe District, off the Great East Road, approximately northeast of the city centre of Lusaka, the capital and largest city of Zambia. The airport has a capacity of 6 million and is the largest in Zambia, serving as a hub for its region. The airport serves as a hub for Zambia Airways, Proflight Zambia, Royal Zambian Airlines, and Mahogany Air. The airport opened in 1967 as Lusaka International Airport. It was renamed in 2011 in honour of Kenneth Kaunda, the nation's first president. History In May 2012, KLM began operating a flight three times a week between Amsterdam and Lusaka using an Airbus A330-200. The flight was restructured later that year to also serve Harare. In October 2014 KLM stopped operating the flight in favour of offering codeshare flights operated by Kenya Airways from Nairobi. Expansion plans In 2015, the government of Zambia began a three-year, US$360 million expansion an ...
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Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ...
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Corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most att ...
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Shareholders' Equity
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equit ...
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Longitude
Longitude (, ) is a geographic coordinate that specifies the east–west position of a point on the surface of the Earth, or another celestial body. It is an angular measurement, usually expressed in degrees and denoted by the Greek letter lambda (λ). Meridians are semicircular lines running from pole to pole that connect points with the same longitude. The prime meridian defines 0° longitude; by convention the International Reference Meridian for the Earth passes near the Royal Observatory in Greenwich, England on the island of Great Britain. Positive longitudes are east of the prime meridian, and negative ones are west. Because of the Earth's rotation, there is a close connection between longitude and time measurement. Scientifically precise local time varies with longitude: a difference of 15° longitude corresponds to a one-hour difference in local time, due to the differing position in relation to the Sun. Comparing local time to an absolute measure of time allows ...
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