President Lazarus Chakwera is keen to see Malawi Airlines financial situation that may lead to liquidation be duly resolved and has set a meeting with George Patridge, the chairperson of the country’s flag carrier, to address the crisis, State House director of communication Sean Kampondeni has said. Kampondeni said this Monday during the Weekly State […]
National Bank of Malawi (NBM) plc has reported a profit after-tax of K17.16 billion in the year ended December 31 2019, representing seven percent increase. The profit has jumped from K15.97 billion the year before. Speaking during the Malawi Stock Exchange-listed bank’s 48th Annual General Meeting (AGM) held virtually due to the coronavirus (Covid-19) pandemic, […]
Listed National Bank of Malawi (NBM)plc held its 47th Annual General meeting (AGM) in Blantyre on Thursday where it declared a final dividend of K3.5 billion to its shareholders. Addressing the AGM, NBM Board Chairman Dr George Partridge said the K3.5 billion makes a total of K7.5 billion dividend in respect of 2018 profits representing […]
Listed commercial bank, National Bank of Malawi plc, a subsidiary of conglomerate Press Corporation plc Wednesday held its 45th Annual general Meeting (AGM) where it declared a final dividend amounting to K3.8billion making a total of K8.35 billion in respect of 2016 profits. The bank already paid a first interim dividend of K3.01 billion in […]
Dual-listed Malawi’s largest conglomerate Press Corporation Limited (PCL) is set on Wednesday to announce its new road map afrer hiring George Partridge to succeed Mathews Chikaonda as group chief executive officer. Chikaonda is set to retire on December 31 this year after 14 years. The conglomerate, listed on the Malawi Stock Exchange (MSE) and London Stock Exchange […]
Blantyre-based business woman, Patricia Mwase has sued National Bank of Malawi (NBM) and its Chief Executive Officer (CEO), George Partridge for illegally divulging confidential information to the public and to members of Bankers Association of Malawi (BAM) which led to loss of business. Mwase, Director for licenced Credit Referencing Bureau (CRB) Credit Data Limited, has […]
While most Malawians are grappling with worse economic situations, others are not feeling the pinch with conglomerate Press Corporation boss Matthews Chikaonda pocketing a whooping K35 million in bonuses alone. Chikaonda, Chief Executive Officer for Press Corporation Limited (PCL), which has controlling shares in some of the big companies in the country namely National Bank, […]