A staggering K1.1 trillion damages claim brought by the defunct Finance Bank of Malawi (FBM) came under intense scrutiny in Blantyre today, as Attorney General Frank Mbeta subjected the bank’s key financial witness to a gruelling cross-examination before High Court and Supreme Court Assistant Registrar Ibrahim Hussein. The high-stakes assessment centres on FBM’s colossal compensation […]
Its now official, New Finance Bank (NFB) Malawi and GetBucks Malawi have merged and the new entity will now be called MyBucks Banking Corporation. Making announcement in Lilongwe on Wednesday during news conference, Board Chair of MyBucks Banking Corporation Dr Francis Pelekamoyo said the transition is inline with MyBucks Group Strategy of consolidating its operations. […]
Lilongwe-based Clement Mwakenenge is expected to smile all the way to the bank after emerging winner of New Finance Bank’s Moto Buu promotion’s grand prize. The grand draw of the promotion, which was introduced in August this year, took place on Thursday at NFB head office in Lilongwe. The bank’s Chief Commercial Manager Benard Mkandawire […]
Excitment engulfed Blantyre-based Esther Bamusi who merged top monthly winner of New Finance Bank’s (NFB) Moto Buu Promotion. Speaking to journalists over the line during Tuesday’s draw, Bamusi was on cloud nine. She highlighted the money would be invested in the shop business she runs with her mother. “I am very happy to be a […]
The first draw of New Finance Bank’s (NFB) Moto Buu promotion has seen two women scooping top monthly monetary prizes. Temwa Mfune of City Centre Branch and Chrissy Helbert of Limbe Branch came out tops to win MK100 000 and MK50 000 respectively during the draw held on Friday at NFB Headquarters in Lilongwe. At […]
After successfully hosting its first ever golf tournament in Blantyre last month, New Finance Bank (NFB) storms Malawi’s premier golf course of Lilongwe Golf Club (LGC), where it expected to stage a two-day golf marathon starting from tomorrow up to Sunday. Close to 120 golfers from Lilongwe and other golf clubs in the country are […]
The New Finance Bank (NFB) has acquired Pride Malawi assets, a micro-finance entity that offers loans to small and medium sized businesses across Malawi. NFB Chief Executive Officer (CEO), Zandile Shaba described the acquisition as a ground breaking, saying it conforms to the government’s agenda of growing national entrepreneurship base to ultimately bring about financial […]
New Finance Bank Malawi (NFB) on Monday caused a ripple on the stock exchange when it offered a K14 billion bond on the Malawi Stock Exchange, the biggest bond on the local bourse to date. Breaking the news during an event at Malawi Stock Exchange in Blantyre, NFB CEO Zandile Shaba said the listing is an indication […]
Government, the United Nations Childrens’ Fund (Unicef), and commercial bank New Finance Bank (NFB) have struck a deal to work together to raise funds for the national trust fund, an initiative aimed at providing access to education for eligible vulnerable girls in the country. According to the Minister of Education, Science and Technology, Bright Msaka, […]
New Finance Bank has launched a new product ‘Banki Pakwathu’ which they have said will help advance financial inclusion in the country. The product, according to the bank’s CEO Zandile Shaba, will also help cut long queues that are the order of the day in most of the country’s financial institutions. Shaba said customers “do […]
People at Dzaleka refugee camp in central region district of Malawi can now breathe a sigh of relief as they will no longer have to walk a long distance to access banking services, thanks to the New Finance Bank (NFB) who have opened a magnificent banking branch at the camp. This is the first time […]
New Finance Bank has donated K1 Million towards construction of an office complex for Media Institute of Southern Africa (MISA) Malawi chapter. NFB Chief Executive Office, Zandile Shawa said NFB recognize significant role the media plays in the society. “NFB is making a small donation to indicate that we are a true partner of the media […]
The Auction Holdings Commodity Exchange (AHCX) and the New Finance Bank (NFB) on Monday signed a Memorandum of Understanding (MOU) on the warehouse receipt financing facility, a loan package that is on offer to farmers that will sell their produce to the holdings. Speaking during the signing ceremony in Lilongwe, AHCX General Manager Davies Manyenje […]