A near-12% slide in FDH Bank’s share price has erased almost $100m from the paper wealth of Thom Mpinganjira, the bank’s founder and one of Malawi’s best-known financiers. His indirect stake, still worth some $760m, fell by MWK170.85bn ($98.41m) after the stock dropped 11.46% on the Malawi Stock Exchange. What makes the fall notable is […]
Ekhaya FC president William Mpinganjira has spoken movingly about facing his own father, Mighty Wanderers president Thomson Mpinganjira, in Sunday’s dramatic Airtel Top 8 final — insisting the historic clash was about far more than just football. Speaking after Ekhaya’s stunning 2-1 victory over the Nomads, William paid tribute to his father, describing the occasion […]
It is being billed as one of the most extraordinary sporting showdowns in Malawian history — a father and son going head-to-head, not on the pitch, but in the boardroom of football sponsorship, as their two clubs collide for silverware and serious bragging rights. Business mogul Thom Mpinganjira’s Mighty Wanderers will lock horns with Ekhaya […]
Mighty Wanderers FC president Thom Mpinganjira has splashed out more than K100 million on new equipment for the club’s four teams, in a major investment ahead of a crucial European campaign. The purchase covers Wanderers’ senior side, reserve team, youth setup and women’s team, with director of football David Kanyenda unveiling the new kit during […]
A Malawian social commentator has taken aim at President Arthur Peter Mutharika, accusing him of surrounding himself with individuals previously convicted on corruption-related charges — with the appointment of Henry Mussa cited as the latest example. In a Facebook post that has since gone viral, commentator Idris Ali Nasser said it was neither by accident […]
Mounting frustration over Malawi’s commercial banking sector is drawing fresh scrutiny to FDH Bank, as customers challenge the perception that the institution has escaped the service‑delivery failures plaguing its competitors. The backlash follows a Nyasa Times report that captured a wave of public complaints on social media, where users accused National Bank of Malawi, Ecobank […]
In a powerful demonstration of homegrown resilience, Malawian business magnate Dr. Thom Mpinganjira and his financial powerhouse, FDH Bank Plc, are being celebrated for a series of landmark achievements that defy the nation’s economic headwinds. The bank’s record-breaking performance and ambitious regional expansion have not only solidified its market leadership but have also propelled its […]
Following their accusations that the root cause of the divisions in Mighty Wanderers Football Club 2021 Limited is Board secretary Humphrey Mvula, the accusers Chauncy Gondwe; Ernest Maganga; Adela Migogo; Limbani Magomero and Sam Mponda have attracted the wrath of team players, who have demanded their immediate resignation. In a statement issued on Tuesday, March […]
The Thomson and Barbra Mpinganjira Foundation has donated personal protective equipment (PPE) worth K10 million to the Adventist Health Services (AHS) hospitals in the country. The donation on Thursday comes barely two days after the Foundation made a similar donation worth K20 million to the Ministry of Health for the three major referral hospitals in […]
The High Court in Blantyre has restored bail for business tycoon Thom Mpinganjira —who is accused of attempting to bribe five High Court of Malawi judges sitting as the Constitutional Court in the May 21 2019 presidential election nullification petition case— and will go home after staying one week on remand at Chichiri Prison. The […]
Anti-Corruption Bureau (ACB) has said it will start parading prosecution witnesses in a case in which business tycoon Thom Mpinganjira is being accused of attempting to bribe Constitutional Court judges. ACB director Reyneck Matemba said this after the High Court dismissed a fresh application by lawyers for Mpinganjira, led by Patrice Nkhono, who were seeking another […]
Business mogul Dr. Thomson Frank Mpinganjira has retired from FDH Financial Holdings Limited, 21 years after he started the process of setting up the first ever home grown indigenous Malawian privately owned bank. Announcing the retirement, FDH Financial Holdings Limited Board Chairman Noel Mkulichi said Mpinganjira retired with effect from 1st September 2020. Thom Mpinganjira […]
The High Court in Blantyre has adjourned the a case in which businessperson Thom Mpinganjira is accused of attempting to bribe Constitution Court judges to rule in favour of former president Peter Mutharika in then presidential election case to July 29. The matter, which is being presided by judge Dorothy DeGabrielle, went to court on Tuesday […]
The Blantyre Magistrate’s Court on Tuesday committed to the High Court the corruption-related case against business tycoon Thom Mpinganjira. The committal came after the Anti-Corruption Bureau (ACB) director Reyneck Matemba asked the court to commit the case to the High Court, saying the bureau is ready for trial. Chief Resident Magistrate Simeon Mdeza has since […]
Human rights activist, Reverend MacDonald Sembereka, who is also a member of the Human Rights Defenders Coalition (HRDC) has said it is unfortunate that there is silence on the trial of business mogul Thom Mpinganjira, who was arrested by Anti-Corruption Bureau (ACB) in the alleged judge bribery saga over the disputed presidential election case. Mpinganjira […]
The Anti-Corruption Bureau (ACB) has formally charged business mogul Thomson Mpinganjira with two counts under Corrupt Practices Act for his role in alleged bribery attempt of the five judges hearing the presidential election nullification petition case. The graft- busying body re-arrested Mpinganjira on Tuesday after the High Court of Malawi faulted a Zomba Magistrate’s Court […]
A High Court judge has ordered that interparte hearing, hearing for both parties in the case, on the midnight cancellation of business tycoon Thomson Mpinganjira’s warrant of arrest cancellation be heard Monday afternoon. Judge Dorothy Nyakaunda Kamanga has ordered the hearing be heard at 2pm at the High Court in Blantyre. Mpinganjira is facing charges […]
Youth and Society (YAS), a civil society organisation (CSO) that advocates for youth empowerment, has called for the resignation of business mogul Thomson Mpinganjra as board chairperson of Electricity Supply Corporation of Malawi (Escom). The call comes just a day after Anti Corruption Bureau (ACB) effected his arrest on his suspected involvement in the alleged […]