The Governor of the Reserve Bank of Malawi (RBM), Dr George Partridge, has described non-bank financial institutions as a crucial pillar of economic growth, urging greater regional cooperation to strengthen regulation and protect savers across Southern Africa. Speaking at the opening of the 49th Annual General Meeting of the Committee of Insurance, Securities and Non-Banking […]
Reserve Bank of Malawi governor George Partridge has called on the country’s financial services industry to accelerate efforts on financial inclusion, warning that large segments of the population remain excluded from formal credit and banking services. Speaking in Lilongwe on Friday at the launch of Old Mutual Finance Limited (OMFIN), a newly established non-deposit microfinance […]
Reserve Bank of Malawi Governor George Partridge has laid down the gauntlet to Silver Strikers, urging the club to keep chasing silverware and pledging the bank’s full backing as they push on through the season. The Governor delivered his rallying call during a meeting with the club’s hierarchy — board members, coaches and players — […]
Malawi Airlines Ltd has assured its customers, stakeholders and the general traveling public of the resumption of full network operation effective mid-June after the Malawi Government has bailed out the “dead” airliner which is majority owned by Ethiopian Airways. It has not been revealed how much the majority owner has injected in the business but […]
Exchange losses amounting to K6.36 billion incurred by Castel Brewery Malawi Limited has affected profit margins for conglomerate Press Corporation plc which has posted an after tax profit of K19.9 billion, 13% lower than prior year. In a financial statement for the year ending 31st December 2020 signed by Press Corporation plc Board Chairman Randson […]
Dual-listed conglomerate Press Corporation Limited (PCL) plc has presented Long Service Awards to three employees who have served the company for 10 and 20 years. Group Financial Controller Elizabeth Mafeni was awarded for serving the conglomerate for 20 years while Monica Chimbulumata and Emmanuel Changadeya were recognized for their 10 years of service. Press Corporation plc Group Chief […]
Telekom Networks Malawi Plc, the wholly-owned Malawian integrated mobile network and ICT services provider has said it has recorded a strong performance in the first half of the year ended 30 June 2018, with net profit and customer base rising by 46% and 14% respectively. Net profit after tax for the integrated mobile network and […]
Dual-listed conglomerate Press Corporation plc has confirmed that it has acquired a 10% stake in Sunbird Tourism plc, extending its investment interests into the tourism sector. PCL Group Chief Executive Officer George Partridge confirmed of the acquisition of the stake in an interview yesterday. “Yes it is true that we have acquired a 10% shareholding […]
Press Corporation Limited (PCL) plc Group Chief Executive Officer George Partridge has called on companies and organizations in the country to adopt e-procurement as one way of fighting corruption and improving service delivery. Partridge made the call in Mangochi on Friday when he officially opened this year’s annual procurement and supply management conference organized by […]
The National Bank of Malawi (NB) Chief Executive Officer, George Partridge is under the Anti-corruption Bureau (ACB) investigation on allegations of collusive tendering and bid-rigging. ACB has instituted the investigations following a Competition and Fair Trading Commission (CFTC) investigations in 2012 which faulted Partridge’s leadership at Bankers Association of Malawi (BAM) of creating market monopoly […]