A Malawian billionaire with huge investments in real estates has put up notices in social media platforms disowning his own biological daughter whom she is accusing of soliciting debts with promises that his father would settle them. In a statement, Jimmy Koreia-Mpatsa says himself or his Mpatsa Trust will not be liable to settle debts […]
The Reserve Bank of Malawi (RBM) stands by its ground that it turned down Mpatsa Holdings Limited’s bid to buy 49 percent stake in MyBucks Banking Corporation (Malawi), formerly New Finance Bank, due to lack of liquid assets, saying the application did not satisfy the requirements of financial services laws. The response from RBM comes after […]
Reserve Bank of Malawi (RBM) has rejected Mpatsa Holding Limited a 49 per cent acquisition in South Africa’s Mybucks banking corporations. A statement from Mpatsa Holdings management says RBM has not approved the acquisition on the grounds that Mpatsa assets are in the form of fixed assets which may not be liquidated quickly should there […]
The Board of Directors of Malawi Switch Centre Limited (Malswitch) have appointed Andy Kamkwalala as Managing Director and Chief Executive Officer of the institution. The appointment is with effect from November 1, 2014, according to Jimmy Koreia Mpatsa, Interim Chair of the Board of Directors. Kamkwalala has been with Malswitch from its start up phase […]
One of Malawi’s most successful businesspeople Jimmy Koreia-Mpatsa has said that he will not, afterall, be assuming the post of Malawi Congress Party (MCP) national executive member to which he was appointed on Friday by the party’s president Lazarous Chakwera. “I completely refuse that appointment,” said Koreia-Mpatsa in reaction to the announced MCP politburo “An […]
Renowned Malawian business magnate Jimmy Korea Mpatsa says “never say never” as he hinted he may return to front-line politics. Mpatsa is founding member of the People’s Progressive Movement (PPM) but lost to late Aleke Banda for leadership position. He was on presidential ballot in 2004 as running mate to independent candidate Justin Malewezi, the former […]
Malawi’s vice president Joyce Banda says some parliamentarians that are currently serving the ruling DPP are linking up with her to strategise how they can fix the country’s economic woes caused by the “arrogance” of President Bingu wa Mutharika. “They are so many members on the DPP side that are working with us (People’s Party). […]
Malawi’s renowned business magnate Jimmy Korea Mpatsa on Friday went to town criticising wasting the country’s resources for “useless expenditures” and gave a donation of K501, 000 to Chimaliro Women’s Group on its fundraising drive towards the fight against cancer in Malawi. Mpatsa gave the donation during a dinner dance held at Sunbird Mount Soche […]