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Malawi Investments, Online News

Standard Bank in Malawi pampers 400 customers for Valentines

Ronald TemboUp to 400 customers of Standard Bank at the weekend received special treats of rose flowers and chocolates as the bank joined lovers around the world to celebrate Valentine’s Day.

At 10 of the bank’s designated branches across the country, the unsuspecting customers were in for a pleasant surprise as bank staff, dressed up in red welcomed them with the Valentines’ Day gifts.

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1,089 patients to be released from hospital through an initiative by the DRC National football Team & Airtel

Airtel DRCKinshasa, 12th February , 2015 – Bharti Airtel, a leading telecommunications service provider with operations in 20 countries across Asia and Africa will be settling hospital bills for hundreds of patients in Congo, through a partnership with the Democratic Republic of Congo national team – ‘The Leopards’.

UK provides emergency assistance to flood victims in Malawi

Jen MarshalUnited Kingdom (UK) Department for International Development (DFID) announced Monday that it has provided emergency assistance ranging from food to nonfood items to people affected by floods in Malawi. The assistance include food, water, shelter and sanitation services.

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TNM’s Ufulu@50 promotion winner hands over K2m bridge

 Ufulu@50 winner in ZombaZomba January 22, 2015—The community around Chinamwali and Airwing in Zomba have become the second beneficiary of TNM’s life-changing Ufulu@50 Promotion after receiving a bridge worth K2 million through a TNM customer, a Mary Gilita.

 

Gilita is one of the 50 TNM customers that won a total of K100 million in the Ufulu@50 promotion that TNM conducted in 2014 to celebrate with Malawians as the country commemorated 50 years of Independence. Each of the winners was required to choose a social responsibility project of choice worth K2 million, translating to K100 million.

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Malawi Govt to sell controlling stakes in MSB and IndeBank for reorganization purposes

Reserve Bank Of MalawiBLANTYRE (MaraviPost) - Malawi is selling portions of two commercial banks to recapitalise in a move meant to turn around the struggling banks, the government’s divestiture agency said on Monday.

The Public Private Partnerships Commission (PPPC) requested strategic investors to buy a controlling stake in state-owned Malawi Savings Bank (MSB) and Indebank Malawi Ltd., in which the government owns nearly 70 percent of its shares.

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