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Tag: William 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...
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 ...
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.
70 Year Old Woman Wins Grand prize in the FDH ‘Kukonza Tsogolo’ promotion

70 Year Old Woman Wins Grand prize in the FDH ‘Kukonza Tsogolo’ promotion

News
Business: FDH bank has presented a K5 million-kwacha cheque prize to a 70-year-old Chiradzulu-based woman, Sitiveria Nsope who has won a grand prize in the ‘Kukonza Tsogolo’ promotion. "I want to thank God for the money. I will use the cash to boost the businesses of my children and grandchildren," said Nsope. FDH Senior Manager for Personal and Business Banking, Maureen Nalikungwi said the bank will continue to innovate products to promote a saving culture among citizens.
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...
FDH Bankrolls K5 Million Towards ICAM

FDH Bankrolls K5 Million Towards ICAM

Stories
FDH Bank has bankrolled K5 million towards the Institute of Chartered Accountants in Malawi (ICAM) annual conference slated from 15 to 17 September 2022 themed: “Digitizing Malawi’s Economy”. The bank’s Head of Finance Richard Chipezeyani said at a cheque handover ceremony in Blantyre, that the bank is committed to contribute to professionalism of accountants in the digital world. ICAM Director of Education and Training Chrissy Jere expressed gratitude by FDH’s gesture adding, the coming conference will equip the accountants with up-to-date digital skills ousting the manual ways accounting in the ever-changing digital world.