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National Bank of Malawi Acquires 51% Controlling Stake in Tanzania's Akiba Bank


By MC Donald Chapalapata | Malawi Nyasa Times
Also available:  FR 
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 Nyasulu , Macfussy Kawawa , National Bank , Small To Medium Enterprises Smes , Akiba Commercial Bank , Economists Association Of Malawi , Listed National Bank , Chief Executive Officer Macfussy Kawawa , Medium Enterprises , Economists Association , தேசிய வங்கி , சிறிய க்கு நடுத்தர நிறுவனங்கள் ஸ்மெஸ் , பொருளாதார வல்லுநர்கள் சங்கம் ஆஃப் மலாவி , பட்டியலிடப்பட்டுள்ளது தேசிய வங்கி , நடுத்தர நிறுவனங்கள் , பொருளாதார வல்லுநர்கள் சங்கம் ,

NBM Finally Acquires 51% Controlling Stake In TZ Bank


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 Nyasulu , Mc Donald Chapalapata , Macfussy Kawawa , National Bank , Small To Medium Enterprises Smes , Akiba Commercial Bank , Economists Association Of Malawi , Chief Executive Officer Macfussy Kawawa , Medium Enterprises , Economists Association , தேசிய வங்கி , சிறிய க்கு நடுத்தர நிறுவனங்கள் ஸ்மெஸ் , பொருளாதார வல்லுநர்கள் சங்கம் ஆஃப் மலாவி , நடுத்தர நிறுவனங்கள் , பொருளாதார வல்லுநர்கள் சங்கம் ,

ITSANANA:Tonse Govt Spends K631.1billion In Three Months


Chakwera: Malawi Leader
It has emerged that Ministry of Finance spent K635.1 billion between July and October 2020 amid less revenue collection of K471.8 billion during the period.
This development left Treasury with the option to borrow K163.3 billion from the expensive domestic market to finance the deficit.
The Nation analysis of the government expenditure shows that between July and October 2020, Capital Hill on average spent K159 billion a month against the average monthly revenue collection of K118 billion.
The development means that within four months, the Tonse administration spent roughly one third or 29 percent of the K2.2 trillion first substantive national budget some economic analysts christened as ambitious soon after Minister of Finance Felix Mlusu had presented it in Parliament on September 11 2020. ....

Lauryn Nyasulu , Felix Mlusu , Patrick Hettinger , Tonse Alliance , Economics Association Of Malawi Ecama , Affordable Inputs Programme , Parliament On , National Budget , Farm Inputs Subsidy Programme Fisp , World Bank , Capital Hill , Finance Felix Mlusu , Malawi Economic Monitor , Malawi Patrick Hettinger , Farm Inputs Subsidy Programme , Economics Association , Nation Online , பேட்ரிக் ஹெட்டிங்கர் , டான்ஸ் கூட்டணி , பாராளுமன்றம் ஆன் , தேசிய பட்ஜெட் , உலகம் வங்கி , மூலதனம் மலை , மலாவி பொருளாதார மானிட்டர் , மலாவி பேட்ரிக் ஹெட்டிங்கர் , பண்ணை உள்ளீடுகள் மானியம் ப்ரோக்ராம் ,

Tonse Are Liars! Malawians React Over Fuel Prices Hike


Yesterday, Malawians went to bed with heavy hearts after hearing disappointing news by the Malawi Energy Regulatory Authority (MERA) that the prices of fuel have gone up following the depreciation of the Malawi Kwacha.
During a press briefing by MERA Authorities in the Capital Lilongwe, it has been announced that the new price of petrol effective midnight, last night, is now at K834.60 per litre from K690.50 per litre representing a 20.87% price increase, diesel is now sold at K826. 40 per litre from K664.80 per litre representing 24.31% price increase and the price of Paraffin has also gone up from K441.70 per litre to K613.20 per litre representing a 38.83% increase. ....

Lauryn Nyasulu , Humphrey Mvula , Saulos Chilima , Lazarus Chakwera , United Transformation Movement , Malawi Congress Party , Malawi Energy Regulatory Authority , Tonse Alliance , Human Rights Defenders Coalition , Economics Association Of Malawi , Democratic Progressive Party , Consumers Association Of Malawi , Capital Lilongwe , Vice Saulos Chilima , Economics Association , Youtube Channel , ஒன்றுபட்டது மாற்றம் இயக்கம் , மலாவி காங்கிரஸ் கட்சி , மலாவி ஆற்றல் ஒழுங்குமுறை அதிகாரம் , டான்ஸ் கூட்டணி , மனிதன் உரிமைகள் பாதுகாவலர்கள் கூட்டணி , பொருளாதாரம் சங்கம் ஆஃப் மலாவி , ஜனநாயக ப்ரோக்ரெஸிவ் கட்சி , நுகர்வோர் சங்கம் ஆஃப் மலாவி , பொருளாதாரம் சங்கம் , வலைஒளி சேனல் ,