Malawi Savings Bank (MSB) has suspended its former chief executive officer (CEO) Ian Bonongwe and three of its senior managers, ordering them not to visit any of the bank’s premises. According to a letter dated November 10 2015 signed by MSB head of human resources Richard Kunjawa, the bank, which until July this year was […]
The Malawi Saving Bank (MSB) Chief Executive Officer Ian Bonongwe has made a scathing revelations which conclude that the wholly-owned state bank was being forced by the Democratic Progressive Party (DPP) administratiobn to release the loans now turned “toxic” to politically connected politicians. Speaking during Times TV interview on Saturday June 20, 2015, Bonongwe admitted […]
Malawi Savings Bank (MSB) staffers have threatened to resort to industrial action by Monday next week should their Chief Executive Officer (CEO), Ian Bonongwe, not step down. The employees of the struggling government wholly owned bank, mostly junior staff members, have in writing accused Bonongwe of “incompetence.” According to the employees, Bonongwe is the cause for the […]
Malawi Savings Bank (MSB) employees have attacked the state-owned bank Chief Executive Officer, Ian Bonongwe as selfish and incompetent for campaigning to sell the institution. In an anonymous letter addressed to Bonongwe and copied to members of staff, Reserve Bank of Malawi Governor, Secretary to the Treasury, MSB Board Chair, Chairperson of the Finance and […]
The chief executive officer of state-owned commercial bank, the Malawi Savings Bank (MSB, Ian Bonongwe has come under workers fire that he makes a number of key decisions without regard to Reserve Bank of Malawi (RBM) directives. This follows a major shakeup he has made which has seen some departments of the bank abolished. The […]
The state-owned Malawi Savings Bank (MSB)Chief Executive Officer Ian Bonongwe has been hit by accusations of nepotism and favoritism. According to widely circulated documents to the media by MSB Employees, Bonongwe is accused of favouring staff from his district of origin Ntcheu at the expense of well qualified and deserving personnel. Bonongwe, according to concerned […]
Malawi President Joyce Banda has appointed seasoned banker Ian Bonongwe as chief executive officer (CEO) for state-owned Malawi Savings Bank (MSB.) Kayisi Sadala has been acting CEO for the institution since Joseph Mwanamvekha was redeployed to treasury. Mwanamvekha had earlier replaced Bonongwe at MSB in 2004. The Office of the President and Cabinet (OPC) said […]