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Standard Bank Posts K39 billion Profit

Shareholders for Malawi Stock Exchange-listed Standard Bank Malawi on Thursday approved a final dividend payout of K20 billion, representing K51 per s. ....

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MLS seeks to enhance judicial accountability

Malawi Law Society (MLS) has constituted a 14-member advisory team to help with timely enactment of the Judicial Service Commission Bill to enhance independence, efficiency and accountability of the country’s judiciary. MLS chairperson Patrick Mpaka said in a statement dated May 29 2023 the society’s decision follows an extraordinary general meeting (EGM) conducted online on ....

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Court awards Mkaka, others to receive K200 million for unfair dismissal from First Capital Bank


March 15, 2021
Nyasa Times Reporter 48 Comments
Minister of Foreign Affairs, Eisenhower Mkak  has received good news from Industrial Relations Court (IRC) over unfair dismissal case  against  Malawi’s listed commercial bank, First Capital Bank  which rebranded from First Merchant Bank Limited (FMB) that dates back to 2012.
Mkaka: Gets further compensation from first Capital Bank after court order
Mkaka, who was working as Senior Business Development Manager for FMB, was dismissed from his job in May 2012 along 17 others, in what later turned out to be unfair dismissal.
A court case that started in May 2012, resulted into Mkaka and others getting an initial compensation award of about K521 million in June last year (2020) ....

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