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NBM Finally Acquires 51% Controlling Stake In TZ Bank NBM CEO Macfussy Kawawa Listed National Bank of Malawi (NBM) plc has completed the acquisition of a 51% controlling stake in Akiba Commercial Bank plc (ACB) in Tanzania at a consideration of USD 7.31 million through a share subscription. NBM plc Chief Executive Officer Macfussy Kawawa expressed in an interview yesterday that the acquisition is in line with NBM plc’s current strategic plan which has regional expansion as one of its key thrusts. “We are happy that we are now extending our footprints across the boarders in line with our strategic plan. This acquisition is expected to bring about growth in business for both NBM Plc and ACB as the ACB’s business offerings to the standards of NBM plc,” said Kawawa.

Lauryn nyasuluMc donald chapalapataMacfussy kawawaNational bankSmall to medium enterprises smesAkiba commercial bankEconomists association of malawiChief executive officer macfussy kawawaMedium enterprisesEconomists associationதேசிய வங்கிசிறிய க்கு நடுத்தர நிறுவனங்கள் ஸ்மெஸ்பொருளாதார வல்லுநர்கள் சங்கம் ஆஃப் மலாவிநடுத்தர நிறுவனங்கள்பொருளாதார வல்லுநர்கள் சங்கம்