The state-owned Malawi Savings Bank (MSB) has donated money worth K5 million to World Vision Malaw towards response to the disaster of floods that has devastated the southern Africa nation. The donation was made at a function which took place on Wednesday at MSB Head Offices in Blantyre in the presence of World Vision Malawi Programme manager Onga […]
Malawi is selling portions of two commercial banks to re-capitalise in a move meant to turn around the struggling banks, the government’s divestiture agency said on Monday. The Public Private Partnerships Commission (PPPC) requested strategic investors to buy a controlling stake in state-owned Malawi Savings Bank (MSB) and Indebank Malawi Ltd., in which the government […]
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 […]
Entrepreneurs and the members of the business community have been advised to work jointly with banks and firms that provide finance to grow their businesses and activities of the private sector. The call was made in Blantyre on Saturday by Malawi Savings Bank (MSB) at the launch of 15 new buses by Axa Bus Company. MSB Deputy […]
The Mzuzu Magistrate Court has unconditionally discharged an Immigration Officer and a bank teller after the State prosecutors failed to bring evidence or parade witnesses, Nyasa Times has leant. In October 2012, Fiscal Police arrested 27 year old Daniel Chitokoseni, a low level Immigration Assistant and 25 year old Stella Kamsiya, a bank teller for Malawi […]