Business

PRESS CORPORATION BAILS OUT MEDIA COUNCIL WITH K3MILLION

PRESS CORPORATION BAILS OUT MEDIA COUNCIL WITH K3MILLION

By Mc Donald Chapalapata, a Contributor Conglomerate Press Corporation plc has given K3 million to Media Council of Malawi (MCM) for revamping its secretariat. The money will be used for office logistics and equipment including the in-house printing of accreditation cards for journalists. Presenting the cheque in Blantyre on Wednesday, Press Corporation plc General Counsel […]

EXCLUSIVE: HOW DR. MOLANDE AND FISD LIMITED DEFRAUDED MALAWIAN TAXPAYER

EXCLUSIVE: HOW DR. MOLANDE AND FISD LIMITED DEFRAUDED MALAWIAN TAXPAYER

Written by Jack Kaulembe Background In a Mafioso enthused fashion, B Mollande (Former State House Communications Director) aided defrauding the Malawian taxpayer through a construction company called FISD Limited. Under the Project – “Sustainable Rural Water & Sanitation Infrastructure for Improved Health and Livelihood” financed by the African Development Bank (AfDB), FISD signed 2 contracts […]

ILLOVO DANGLES K100 MILLION IN NEW PROMOTION

ILLOVO DANGLES K100 MILLION IN NEW PROMOTION

By Our Reporter Illovo Sugar Malawi has launched a new consumer promotion dubbed ‘Iponyereni kwakuya ndi Illovo’ which will see winners getting various prizes valued at a whopping K100 million. Launching the promotion in Blantyre on Friday, Illovo Sugar Malawi plc Managing Director Lekani Katandula said during the promotion, six lucky winners are expected to […]

TNM CHIEF SAYS BANKS MAY NOT NEED BRANCHES IN FUTURE

TNM CHIEF SAYS BANKS MAY NOT NEED BRANCHES IN FUTURE

By Mc Donald Chapalapata, a Contributor TNM Chief Executive Officer Michiel Buitelaar has challenged banks that they may have to do away with brick and mortar to serve their customers in future because of digital transformation. Presenting a paper on ‘Digital Transformation in consumer industries’ at the 5th Bankers Conference 2020 on Thursday in Blantyre, […]

THINK PINK GETS K2.5 MILLION FROM NBM FOR CANCER AWARENESS

THINK PINK GETS K2.5 MILLION FROM NBM FOR CANCER AWARENESS

By Mc Donald Chapalapata, a Contributor Listed National Bank of Malawi (NBM) plc has donated K2.5 million towards cancer screening and treatment of vulnerable men and women through a cancer awareness and rights organization, Think Pink Malawi. Making the donation in Blantyre at the weekend, NBM plc Marketing and Corporate Affairs Manager Akossa Hiwa noted […]

NBM plc APPOINTS JIYA AS DEPUTY CEO/CCO

NBM plc APPOINTS JIYA AS DEPUTY CEO/CCO

National Bank of Malawi (NBM) plc has announced the appointment of Harold Jiya as its Deputy Chief Executive Officer (DCEO) and Chief Commercial Officer (CCO), effective 1st of October 2020. Until his appointment, Jiya served as the Bank’s General Manager & Head, Wholesale Banking since 2016. Prior to this, he served as Head of Corporate […]

THUMPS UP: EthCo Sanitizes All Nkhotakota Schools

THUMPS UP: EthCo Sanitizes All Nkhotakota Schools

By Mc Donald Chapalapata, a Contributor Ethanol Company (EthCo) has donated 1,000 litres of hand sanistizers to be distributed to all schools in Nkhotakota district as one way fighting the Covid-19 pandemic as schools open after a six month shutdown. Speaking during the presentation ceremony at EthCo offices in Dwangwa on Thursday, EthCo Chief Executive […]

BREAKING NEWS: William Mpinganjira Appointed FDH Group CEO…George Chitera is new Deputy MD for FDH Bank plc

BREAKING NEWS: William Mpinganjira Appointed FDH Group CEO…George Chitera is new Deputy MD for FDH Bank plc

FDH Financial Holdings Limited has appointed William Mpinganjira as its new Group Chief Executive Officer with effect from 1 September, 2020 following the retirement of Dr. Thomson Mpinganjira. The appointment which has been approved by the Reserve Bank of Malawi (RBM) will see the young Mpinganjira, 36, heading FDH Financial Holdings Limited which has five […]

THOM MPINGANJIRA RETIRES FROM FDH GROUP:‘I consider my work done here, it’s time to move on’

THOM MPINGANJIRA RETIRES FROM FDH GROUP:‘I consider my work done here, it’s time to move on’

Business mogul Dr. Thomson Frank Mpinganjira has retired from FDH Financial Holdings Limited, 21 years after he started the process of setting up the first ever home grown indigenous Malawian privately owned bank. Announcing the retirement, FDH Financial Holdings Limited Board Chairman Noel Mkulichi said Mpinganjira retired with effect from 1st September 2020.  Dr. Mpinganjira […]