Following a strategic review by Nedbank Group, the financial services provider will dispose of its Malawi operations. The financial institution made the announcement in a shareholder notice issued on Monday. The Malawi subsidiary of African banking group MyBucks will acquire Nedbank Malawi, according to the notice. “Nedbank Group and Nedgroup Investments Africa have agreed to […]
A Mzuzu based bank teller for Nedbank is answering two cases of altering the bank’s official documents as well as theft of money belonging to a customer amounting to K3, 733,500. The bank teller, Michael Sakala from Yakobe Village, Traditional Authority Kampingo Sibande in Mzimba District is alleged to have committed the offences in August, […]
The country’s vice-President, Saulos Chilima has been nominated for an ice bucket challenge in aid of ailling journalist, Limbani Moya currently in need of international medical attention. Chilima has been nominated by Nedbank Managing Director, Paul Guta who took the challenge on Thursday outside the bank’s head office in Blantyre. Malawi’s veteran journalist Limbani Moya is in […]
Malawi’s lawn tennis whiz-kid Chisomo Lumeta has been installed as brand ambassador for commercial bank Nedbank with the bank committing to sponsor him for two years to the tune of K3 million. Lumeta, the second top tennis player in Africa under-16 category, recently won silver medal at Africa Youth Championship which was held in Botswana. […]
Reserve Bank of Malawi (RBM) has called upon banking institutions in the country to take their services to rural areas so that even the rural masses could benefit from their services. Director of Bank Supervision for RBM, Eldin Mlelemba made the call in Mzuzu on Friday when he presided over the official opening of Nedbank […]
A shakeup has taken place at Nedbank Malawi Limited as managing director Anderson George Kulugomba has retired and Head of Sales, Business Development and Marketing Thembalami Mhlanga has returned to Zimbabwe after a five year tour. The two top positions are vacant. Meanwhile, the board of the bank has assigned Rachel Kawawa, chief risk officer […]