Business

UGI DONATES K10MILLION TO UNIMA TO FIGHT COVID-19 FIGHT

UGI DONATES K10MILLION TO UNIMA TO FIGHT COVID-19 FIGHT

Insurance giant United General Insurance (UGI) Friday donated K10 million to the University of Malawi (UNIMA) and its constituent colleges to help in the fight against the Covid-19 pandemic. Presenting the donation in Blantyre, UGI Chief Executive Officer Bywell Blair Chiwoni said since the first registered case of the novel coronavirus in the country in April […]

FDH MONEY BUREAU DONATES PPE ITEMS TO KIA POLICE

FDH MONEY BUREAU DONATES PPE ITEMS TO KIA POLICE

FDH Money Bureau, a subsidiary of FDH Financial Holdings Limited, Friday handed over Personal Protective Equipment (PPEs) worth K3.6 Million to Police at Kamuzu International Airport (KIA) in Lilongwe to help in the fight against the Covid-19 pandemic. The items donated included 300 branded reflective vests, 300 masks and 150 sanitizers to protect Airport Police […]

NBM FINALLY ACQUIRES 51% CONTROLLING STAKE IN TZ BANK

NBM FINALLY ACQUIRES 51% CONTROLLING STAKE IN TZ BANK

By Mc Donald Chapalapata, a Contributor Listed National Bank of Malawi (NBM) plc has completed the acquisition of a 51% controlling stake in Akiba Commercial Bank plc (ACB) in Tanzania at a consideration of USD 7.31 million through a share subscription. NBM plc Chief Executive Officer Macfussy Kawawa expressed in an interview yesterday that the […]

FDH FINANCIAL HOLDINGS PROVIDES EXTRA K34MILLION FOR COVID-19 FIGHT

FDH FINANCIAL HOLDINGS PROVIDES EXTRA K34MILLION FOR COVID-19 FIGHT

FDH Financial Holdings Limited has provided an additional K34 million worth of Covid-19 fighting medical equipment and supplies to the Ministry of Health. Making the announcement in Blantyre Wednesday, FDH Final Holdings Limited Group Chief Executive Officer William Mpinganjira said FDH Financial Holdings Limited, as a responsible corporate citizen, has joined hands with the Government […]

NBM DANGLES K6MILLION FOR VALENTINES PROMO

NBM DANGLES K6MILLION FOR VALENTINES PROMO

By Mc Donald Chapalapata, a Contributor Listed National Bank of Malawi (NBM) plc has rolled out a Valentine promotion dubbed ‘Va Ma Love Ndi Mo’ where customers will walk away with cash prizes totaling to K6 million. NBM plc Marketing and Corporate Affairs Manager Akossa Hiwa said in an interview yesterday that at least 120 customers […]

FDH Bank launches ‘Tiyeni pa Agent’ promotion

FDH Bank launches ‘Tiyeni pa Agent’ promotion

Listed FDH Bank plc has launched ‘Tiyeni Pa Agent’ promotion to encourage customers to bank with ease within their communities using Banki Pakhomo Agents found across the country. FDH Bank Head of Personal and Business Banking Kawawa Msapato said transacting using Banki Pakhomo Agents provides convenience to customers by providing an easily accessible platform for […]

NOCMA IN $50MILLION SCANDAL: Chikhosi, Buluma, Mkaka Caught Pants Down

NOCMA IN $50MILLION SCANDAL: Chikhosi, Buluma, Mkaka Caught Pants Down

National Oil Company of Malawi(Nocma) has been caught pants down after forcing Malawi Energy Regulatory Authority (Mera) to award two companies contracts without following procurement procedures as laid down in an Act of Parliament. According to impeccable source from Nocma, the companies being illegally awarded are Tanzanian based Lake Oil Limited and Liquefied Petroleum Gas […]

NBM PLC DONATES K70MILLION TOWARDS COVID-19 FIGHT

NBM PLC DONATES K70MILLION TOWARDS COVID-19 FIGHT

By Mc Donald Chapalapata, a Contributor Listed National Bank of Malawi (NBM) plc has contributed a total of K70 million towards the fight against the Covid-19 pandemic following the declaration of a state of disaster by President Lazarus Chakwera on 12th January 2021. The Bank contributed K10 million through the Citizens Response to Covid-19 Initiative […]

NBM Transfers Pensioners’ Benefits to Nico Life

NBM Transfers Pensioners’ Benefits to Nico Life

By Mc Donald Chapalapata, a Contributor The Trustees of National Bank of Malawi (NBM) Pension Fund have migrated  NBM plc ex-employees’ benefits from the Fund to Nico Life Assurance Company effective 1st January 2021. Announcing the change in Blantyre, NBM Pension Administration Limited Chief Executive Officer William Mabulekesi said the move has been necessitated because of […]

TNM donates K100 million towards Covid-19 fight

TNM donates K100 million towards Covid-19 fight

By Mc Donald Chapalapata, a Contributor Malawi’s premier mobile network and ICT services provider, TNM plc, has donated various items including drugs, medical equipment, Personal Protective Equipment (PPEs), airtime and data bundles worth over K100 million towards the fight against the Covid-19 pandemic. The K100 million donation covers costs for PPEs for 1000 doctors and […]