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Tag: Dr Thomsom Mpinganjira

FDH Bank partners Joyce Banda Foundation To Ease Access To finance

FDH Bank partners Joyce Banda Foundation To Ease Access To finance

Business
FDH Bank plc and Women in Marketing Activities and Initiatives (Mwai) have signed a five-year strategic partnership that will provide an avenue for women small and medium enterprises (SMEs) to easily access finance. Mwai, which is under the Joyce Banda Foundation International, is the brainchild of former president Joyce Banda who ruled Malawi from 2012 to 2014. Mkulichi (L) and Banda display the MoU documents Speaking during the signing of a memorandum of understanding (MoU) in Blantyre on Tuesday, FDH Bank plc managing director Noel Mkulichi said the partnership will enable women in groups and as well individuals to access up to K3 million in loans to support their businesses. He said: “FDH Bank believes in promoting and facilitating growth through various initiatives in the...
Clubs Caught Off-Guard

Clubs Caught Off-Guard

Sports
Football Association of Malawi (FAM) has directed that from next season, TNM Super League clubs will be required to have women’s teams as part of club licensing. But some clubs that we spoke to yesterday said the move is not viable. So far, only four of the 16 top-flight clubs, namely Nyasa Big Bullets, Civil Service United, Kamuzu Barracks and Moyale FC have women’s football teams. FAM licensing and compliance manager Casper Jangale said in an interview yesterday the decision follows a resolution by the Confederation of African Football (CAF) that all national league clubs should have women’s teams. He said: “This will be a requirement as per CAF’s resolution. It is either the clubs should have a women’s team or partner with one. “If they don’t, then they will  not be...
Wanderers Win Airtel Top 8 Cup

Wanderers Win Airtel Top 8 Cup

Sports
Mighty Mukuru Wanderers are this year's champions of the Airtel Top 8 Cup after defeating holders Nyasa Big Bullets via post-match penalties. The two sides played a goalless draw at Bingu National Stadium in Lilongwe. This is also the first medal for the English Mentor, Mark Harrison who has registered six consecutive wins. The Wanderers converted all their five spot kicks while Kesten Simbi missed for the Peoples team. The win for nomads is the first against their rivals this season out of four outings. Under the new coach, Nomads have played six matches without conceding a goal. Wanderers have pocketed K17 million while runners-up went home with K6 million.
Mpinganjira wins FDH shares case

Mpinganjira wins FDH shares case

Business
The High Court of Malawi Commercial Division has reversed a decision by the Financial Services Appeal Committee ordering business mogul Thomson Mpinganjira to dispose of his shares in FDH Financial Holdings Limited. He lodged an appeal in the High Court after the committee, an arm of the Ministry of Finance and Economic Affairs that handles financial grievances, had dismissed his appeal against a Reserve Bank of Malawi (RBM) order for him to dispose of his shares in the firm. RBM, as registrar of financial institutions, made the decision in light of Mpinganjira’s conviction in October 2021 for bribery. The High Court convicted and sentenced him to nine years imprisonment, but is currently out on bail pending appeal. Mpinganjira filed the appeal alongside Peter Frank Mpinganjira, ...
Judge Manda Rules In Favour Of Mpinganjira

Judge Manda Rules In Favour Of Mpinganjira

Business
HIGH COURT JUDGE MANDA RULES IN FAVOR OF THOM MPINGANJIRA Judge Manda of the High Court has ruled that MCP has no powers to snatch FDH Bank. The ruling comes in the wake of events in Parliament during this sitting where MCP through Parliament wanted to snatch a hard earned bank Mpinganjira has been struggling for. According to Parliamentary reports, MP for Mzimba East Yeremiah Chihana, complained in Parliament that what MCP was doing was wrong. Chihana cited occasions where the Budget and Finance Committee was gagged in their report preparations and that MCP leadership was pushing a bill to snatch the bank quickly when all along they knew that the matter was in Court pending ruling. Mpinganjira sought Court intervention after the Reserve Bank suggested that he was no longer eligi...
On Evil Scheme To Expropriate FDH Bank

On Evil Scheme To Expropriate FDH Bank

Opinion
Kingsley Mabalani writes: Dear Hon. Sosten Gwengwe It took innovative wisdom of Dr. Thom Mpinganjira to establish FDH Bank after a thorough, cumbersome and tedious legal formalities. In short, Dr Mpinganjira did not bend laws to start his business; It took sacrifice and all hard work for Dr Mpinganjira to grow the FDH Bank. Again, there is no proclamation that procedures and laws were flouted through the long winding, strenuous journey of the FDH; It also took unequaled patriotism to take a serious business risk of buying a malfunctioning, dying Malawi Savings Bank without being at loggerhead with the law; And it took hard work and sacrifice to grow and expand the new FDH Bank without cutting corners. TO DELIBERATELY USE BAD LAWS IN ORDER TO IMPOVERISH THE CITIZENRY is therefore ...
FDH Bank Renews Contract With Musician Namadingo

FDH Bank Renews Contract With Musician Namadingo

Business
FDH Bank plc has renewed its contract with musician Patience Namadingo as the bank's brand ambassador for digital banking. Namadingo has signed a two-year contract worth K60 million, unveiled earlier today at the bank's headquarters in Blantyre. FDH Bank plc senior manager for digital banking Yamikani Mbawala said they want to build on the gains that were attained during their initial agreement. "We have a huge online portfolio and we are hopeful that through this partnership will help us get our messages across to our clients," he said. Namadingo's manager James Makunje Jnr said the partnership is an opportunity for the artist to increase his artistic reach and brand. He said: "First we are grateful that they have trusted Namadingo as a brand again in this venture. In the ...

Nomads say they won’t tolerate errant fans

Sports
Mighty Mukuru Wanderers say they will not shield indisciplined supporters as part of the club’s drive to restore sanity. The club’s board president Thomson Mpinganjira, who doubles as board chairperson, said this in an interview yesterday after the club’s supporters committee withdrew its letter of protest to the board secretary Chancy Gondwe over the club’s decision to distance itself from disciplinary charges levelled against it. Mpinganjira: Errant supporters will not be tolerated He said: “As Wanderers, we will deal with supporters indiscretions decisively and we will never shield anyone. “Sponsorship and brand image will drive our actions.Errant supporters will not be tolerated.” Apparently, the supporters committee has also apologised to the board after learning that ...
FDH Bank Spoils Customers To Shopping Spree

FDH Bank Spoils Customers To Shopping Spree

Business
FDH bank has spoiled four of its customers to a shopping spree each getting groceries worth K300, 000 for emerging winners in the bank’s swipe and dash competition. Dominic Chungu, Monica Kastigu, Mercy Chiphyoza and Kate Msukwa were all smiles when they were given an opportunity to pick the groceries in SANA and Chipiku stores respectively in one minute. “I am very happy and I thank FDH for this opportunity which encourages residents to use digital products for payment of goods. I therefore encourage all citizens to utilise these digital products,” said Msukwa. FDH bank is conducting this digital competition to attract citizens to develop a culture of using digital services when transacting business.
Before Who Will Say Bye Bye 2022 FDH Cup Final?

Before Who Will Say Bye Bye 2022 FDH Cup Final?

Sports
All roads lead to Bingu National Stadium in Lilongwe this afternoon for the FDH Bank Cup semifinal showdown between the domestic soccer crowd pullers--Nyasa Big Bullets and Mighty Mukulu Wanderers . This is their 10th derby in all competitions at the Bingu National Stadium since 2017. Each side emerged victorious thrice and shared spoils in the other encounters. The odds are certainly staked against the Nomads as they aim to break the seven years jinx of not deafeting their rivals in Cup games since Carlsberg Cup semifinal in 2015. Buoyed by their new recruit, Robin Ngalande, highly billed to make his debut including Chiukepo Msowoya and Adeleke Kolowlo recoveries, the Nomads will likely go hunting spree to open an account for the showpiece's final slot. Their mentor, Alex Ngw...