Month: March 2017 Posts

Standard Bank hailed over equity capital rise

Mar 07, 2017 Bright Malenga 0 &

Standard Bank’s role in the recent equity capital raise of property firm MPICO Limited (MPICO) on the Malawi Stock Exchange (MSE) demonstrates the bank’s strong investment banking capabilities and its ability to deliver successful capital… ...

Govt’s delay in bank robbery case angers defence lawyers

Sep 01, 2016 Luke Bisani 7 &

The defence team for the suspects of Mzuzu Standard Bank robbery have expressed dismay over government’s delay to conclude the case two years after the suspects were charged. The lawyers, George Kazipatike and Christine N'gambi,… ...

Standard Bank makes K13.5bn profit

Jun 05, 2016 Luke Bisani 93 &

Authorities at Standard Bank have disclosed that the institution has generated K13.5 billion profits in the 2015/16 financial year. Confirming the development, Standard Bank Malawi chief finance officer Temwani Simwaka said the bank has registered… ...

Malawi Crisis: Illovo sugar sales go down by 40 percent

Feb 19, 2016 Richard Jimu 196 &

At a time when Malawi's economy continues to stumble, Illovo Sugar Malawi limited has disclosed that its sugar sales in the country have been hit hard to the extent of slipping to 40 percent. The… ...

Malawi economic crisis bites Standard Bank

Feb 05, 2016 Andrew Cane Chilapondwa 63 &

Standard Bank has said it's business in Malawi is tumbling to oblivion as a result of the economic recession that has hit the country. The Bank made the statement when it announced today that it will no longer sponsor… ...

Standard Bank vehicle hit and kills man in Dedza

Dec 04, 2015 Hajira Halilu 30 &

A 28 year-old man crossing the M1 road in Dedza was hit by a Standard Bank vehicle at Kachere trading centre in the district, Malawi Police say. Dedza deputy police publicist Constable Cassim Manda identified… ...

CCTV footages delay MK500 million Standard Bank robbery case in Mzuzu

Dec 04, 2015 Thula Chisamba 4 &

The high court in Malawi's northern region city of Mzuzu has adjourned a case in which three people are suspected to have stolen MK500 million at Standard Bank's Mzuzu branch. According to government prosecutor, Jacob… ...