Business

FMB GROUP REPORTS US$21 MILLION PROFIT

FMB GROUP REPORTS US$21 MILLION PROFIT

FMBcapital Holdings Plc (FMBCH), the holding company for First Capital Bank operations in Africa has posted an after tax profit of US$ 21.3 million for the year ending December 2020 coming from a loss of US$18.6 million in the previous year. The Group’s subsidiary banks located in Botswana, Malawi, Mozambique, Zambia, and Zimbabwe had a […]

MWENYE KIDNAPPING SAGA: Mustak Chotia implicates Mr Dipak Jevant of Sealand Investments

MWENYE KIDNAPPING SAGA: Mustak Chotia implicates Mr Dipak Jevant of Sealand Investments

Mr Mustak Chotia, the mafia who masterminded the kidnapping of Shayona Cement Managing Director has implicated Mr Dipak Jevant, Managing Director of Sealand Investments Limited as the one bankrolled the whole project. The  Criminal Investigations Department (CID) of Malawi Police and National Intelligence Services have tracked down two suspects in the kidnap saga  who were […]

FDH BANK LAUNCHES WAMKAKA PROMOTION TO BOOST FLAMES SUPPORT

FDH BANK LAUNCHES WAMKAKA PROMOTION TO BOOST FLAMES SUPPORT

FDH Bank plc has launched a four month promotion dubbed ‘Wamkaka’ which is a celebration of Malawi National Football team, the Flames qualification of the continental Africa Cup of Nations tournament. The promotion will see a lucky winner smiling all the way to the bank with a K5 million grand prize. Launching the promotion in […]

TNM UNVEILS TWO MORE MILLIONAIRES IN TIKOLORE PROMOTION

TNM UNVEILS TWO MORE MILLIONAIRES IN TIKOLORE PROMOTION

By Mc Donald Chapalapata, a Contributor Malawi’s pioneer mobile and ICT services provider TNM plc Friday unveiled two more millionaires in the on-going Tikolore promotion which is a celebration for the harvest season. In its first draw of the promotion which will see TNM plc making 30 millionaires in a space of three months, from […]

NBS BANK FOR FINANCIAL INCLUSION OF PEOPLE WITH DISABILITIES

NBS BANK FOR FINANCIAL INCLUSION OF PEOPLE WITH DISABILITIES

In its quest to provide convenient banking solutions for all customers, NBS Bank plc has said it wants to ensure that all customers are accommodated, by orienting customers with disabilities on the different services being offered by the bank to satisfy its financial inclusion policy. NBS Bank Cluster Manager for Centre and North Tryson Kalanda […]

LIMBE LEAF DONATES BOOKS TO LL GIRLS, MWANKHUNDI SCHOOLS

LIMBE LEAF DONATES BOOKS TO LL GIRLS, MWANKHUNDI SCHOOLS

By Mc Donald Chapalapata, a Contributor Limbe Leaf Tobacco Company Limited (Limbe Leaf) has donated books and other learning materials for libraries at Lilongwe Girls Secondary School and Mwankhundi Primary School in Lilongwe rural to improve learning conditions and after school activities. Presenting the donation at Lilongwe Girls Secondary School, Limbe Leaf Corporate Affairs Manager […]

NBS BANK PARTNERS GIZ IN AGRI-FINANCE PROJECT

NBS BANK PARTNERS GIZ IN AGRI-FINANCE PROJECT

Listed NBS Bank has partnered with Gesellschaft für Internationale Zusammenarbeit  (GIZ), commissioned by German Federal Ministry for Economic Cooperation and Development (BMZ) in the promotion of Agricultural Finance (AgriFin) project focusing on engaging both the supply and demand sides to small-scale farmers, farmer organizations and agri-based entrepreneurs. On the supply side, GIZ, through the AgFin Project, […]

FDH TO TRAIN FLAMES PLAYERS IN FINANCE AND INVESTMENT

FDH TO TRAIN FLAMES PLAYERS IN FINANCE AND INVESTMENT

FDH Bank plc is taking a new approach in supporting the country’s national football team, the Flames by training the players in personal finance and investment planning to create a saving and investment culture to ensure that the players are planning for tomorrow way after their playing careers are over. FDH Bank Head of Marketing […]

NBM HANDS OVER COVID-19 ITEMS TO CITIZENS RESPONSE TEAM

NBM HANDS OVER COVID-19 ITEMS TO CITIZENS RESPONSE TEAM

By Mc Donald Chapalapata, a Contributor National Bank of Malawi (NBM) plc on Thursday handed over items worth K10 million to the Citizens Response to Covid-19 Initiative for the fight against the pandemic. The Bank pledged to pay for the items a few months ago after members of the Initiative, which is being led by […]

FDH BANK POSTS K14.9BILLION PROFIT

FDH BANK POSTS K14.9BILLION PROFIT

Listed FDH Bank plc has reported an after tax profit of K14.9 billion for the year ending 31 December 2020 from a restated after tax profit of K5.19 billion the previous year. In a statement signed by the Bank’s Chairperson Charity Mseka, Director Ulemu Katunga, managing Director Ellias Ngalande and Head of Finance Richard Chipezaani, […]

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