Tag Archives: National Bank

SAP appoints Nazia Pillay as Managing Director for Southern Africa

New leader takes reins as region gears up for era of AI and cloud.

JOHANNESBURG, South Africa, September 10th, 2025-/African Media Agency(AMA)/-SAP has appointed Nazia Pillay as its new Managing Director for Southern Africa.

Sergio Maccotta, Senior Vice President at SAP Middle East and Africa South, says: “Our purpose as a business is to help the world run better and improve people’s lives, reflected in our ongoing commitment to transformation and corporate responsibility throughout the continent. Nazia will bring vital expertise and leadership skills to one of SAP’s most important regions as we continue to empower youth, drive innovation within our customers and partners, and build a more inclusive, sustainable future. With companies across Southern Africa gearing up for an era of AI- and cloud-led innovation, we are especially excited to see how Nazia’s leadership will guide how organisations adopt technology as a strategic lever for national development and growth.”

Pillay says she will focus on three core areas in her new role, including a laser-like focus on customers to ensure existing partnerships are strengthened and new ones cultivated, and helping customers prepare for a digital-first, cloud-first world. “Teaming up with our valued customer and partner ecosystem across the region is mission-critical for our business, especially as we showcase SAP’s latest capabilities as an AI-first, suite first technology partner. As a people-focused leader, I have also made it my longer-term ambition to make our local office the best place to work in South Africa.”

The appointment comes as companies across Africa gear up for AI and cloud transformation. A recent report found that AI could revolutionise Africa’s economy and contribute as much as $2.9-trillion to the continent’s economy by the end of this decade.

Research conducted by SAP found widespread challenges with access to AI and other tech skills throughout East, West and Southern Africa. According to SAP’s ‘Africa’s AI Skills Readiness Revealed’ report, six in ten African organisations view AI skills as ‘extremely important’ to their success.

However, all companies surveyed expected to experience some AI-related skills gap in 2025, with nine in ten saying a lack of AI skills is already hurting their organisations through failed innovation initiatives, delays in implementations, and an inability to take on new work.

Pillay joined SAP as a graduate over 20 years ago, and has worked in roles spanning consulting, support, quality management, customer success and, most recently, as the head of the organisation’s regional partner ecosystem. She fundamentally believes SAP has a leading role to play in helping Africa’s public and private sector companies achieve their AI and innovation ambitions.

“Large cloud vendors such as SAP can help offset local skills shortages by providing access to advanced tools managed by global experts. Companies across the region benefit from global insights and best practices while bolstering their internal capacity to achieve higher levels of efficiency, innovation and growth.”

Companies are also increasingly investing in upskilling and reskilling their workforce to meet the demands of a rapidly changing business and technology landscape. “Our research found that nearly half (48%) of African organisations consider upskilling their employees a top skills-related challenge this year. As the pressure to build greater skills depth mounts on companies, vendors such as SAP can be invaluable partners, providing insight, expertise and technical capabilities that help drive successful innovation and transformation.”

Distributed by African Media Agency (AMA) on behalf of SAP Africa.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

About Absa Group Limited

Absa Group Limited (‘Absa Group’) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest diversified financial services groups. 

Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance. 

Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Kenya and South Africa. Absa also has representative offices in the People’s Republic of China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.

For further information about Absa Group Limited, visit www.absa.africa

About SAP

As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.

Note to editors:

To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels.

For customers interested in learning more about SAP products:

Global Customer Center: +49 180 534-34-24

United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only: 

SAP Head of Communications Africa, James Wilson at

james.wilson03@sap.com 

ByDesign Communications, Palesa Mokitle, at

p.mokitle@bdcomms.co.za  

SAP Press Roompress@sap.com

The post SAP appoints Nazia Pillay as Managing Director for Southern Africa appeared first on African Media Agency.

Shortlist of nominees announced for the African Banker Awards 2025

The 2025 edition of the Awards will recognise and celebrate the strides being made by banks across the continent with a focus on innovation, transformation and also the promotion of inclusivity and gender equality. 58 nominees have made the shortlist for the 2025 awards, which has become a fixture on the African banking calendar.

LONDON, England 2 May, 2025 -/African Media Agency(AMA)/- African Banker magazine has announced the shortlist of nominees for this year’s edition of its annual African Banker Awards.

The winners will be made known during the official gala ceremony scheduled for May 28th in Abidjan, Côte d’Ivoire, as part of the official programme of the Annual Meetings of the African Development Bank.

The 2025 edition of the African Banker Awards is organised by African Banker magazine and IC Events under the patronage of the African Development Bank. The ceremony’s platinum sponsor remains the African Guarantee Fund, a fund created to share risks with commercial banks to encourage them to lend to the SME sector while ATIDI, which provides facilities to ensure against country risks and other associated insurance services, comes in as exclusive cocktail sponsor.

The African Banker Awards has, since its inception in 2007, sought to recognise and celebrate the exceptional individuals and organisations driving Africa’s rapidly transforming financial services sector.

The shortlist of nominees for the African Banker Awards 2025 was selected from over 200 entries submitted in nine categories by banks spread across the African continent. This year, two female bank executives have emerged as nominees for the prestigious “Banker of the Year” award, underlining the leading role women continue to play in shaping Africa’s banking and finance landscape.

Speaking on the awards, Omar Ben Yedder, Chair of the Awards committee commented on the increasing focus on SME, sustainable banking practices and the role of fintechs in the ecosystem. “Banks have performed strongly last year despite headwinds and currency devaluations in major countries. We also received entries in the deals category that shows that there are numerous transformative transactions taking place. And yet, the message remains. Interestingly, SMEs proved to be a profitable asset class and one that banks are paying greater attention to. The advent of AI and other technological advancements are at the centre of bank strategies too. The continent needs even bigger banks to support our growth agenda.”

The nominees for the African Banker Awards 2025 are as follows:

Bank of the Year

  • Commercial International Bank Egypt (CIB)
  • Ecobank
  • First Bank of Nigeria Limited
  • Kenya Commercial Bank (KCB Group Plc.)
  • Mauritius Commercial Bank (MCB Ltd.)
  • Trade and Development Bank Group (TDB Group)
  • Coris Bank International

Banker of the Year

  • Abdulmajid Mussa Nsekela – CRDB Bank Plc.
  • Jeremy Awori – Ecobank
  • Karim Awad – EFG Holding
  • Léon Konan Koffi – AFG Holding
  • Mukwandi Chibesakunda – Zanaco Inc.
  • Patricia Ojangole – Uganda Development Bank
  • Sidi Ould Tah – The Arab Bank for Economic Development in Africa (BADEA)

Sustainable Bank of the Year

  • Commercial International Bank Egypt (CIB)
  • CRDB Bank Plc.
  • Kenya Commercial Bank (KCB Group Plc.)
  • Nedbank
  • Trade and Development Bank Group (TDB Group)

Fintech of the Year

  • 4G Capital
  • Inclusivity Solutions
  • Network International
  • Oze
  • ProfitShare Partners
  • Valu

DFI of the year

  • African Export-Import Bank (Afreximbank)
  • African Trade Insurance Agency
  • Bank of Industry
  • Banque Ouest Africaine de Développement (BOAD)
  • ECOWAS Bank for Investment and Development (EBID)
  • Shelter Afrique Development Bank (ShafDB)
  • Trade and Development Bank Group (TDB Group)

SME Bank of the Year

  • Co-operative Bank of Kenya Ltd.
  • CRDB Bank Plc.
  • Ecobank
  • Standard Bank
  • Uganda Development Bank

Deal of the Year – Infrastructure

  • US$83.35 MM Al Zahy Group For General Contracting (Ahmed El Zzahy & Co.) – National Bank of Egypt
  • US$646.64 MM (ZAR 12 Billion) Envusa Energy – Absa Bank Ltd. / Rand Merchant Bank
  • US$1.9 Billion Kano Maradi Railway Project – African Finance Corporation / African Export-Import Bank (Afreximbank)
  • Project Platinum – US$200 MM Dividends Backed Capital Raise by BUA Industries Limited – Africa Finance Corporation
  • US$188.62 MM (ZAR 3.5 Billion) Scatec Mogobe Battery Energy Storage System – Standard Bank
  • US$1.04 Billion Suez 1.1 GW Wind Power Project in Egypt: Powering Africa’s Renewable Future – African Development Bank
  • US$1.20 Billion (ZAR 22.25 Billion) Mokolo Crocodile River Water Augmentation – Standard Bank

Deal of the Year – Debt

  • US$119 MM Green, Social and Sustainable Development Bond – ECOWAS Bank for Investment and Development (EBID)
  • US$2.05 Billion Bank of Industry – 2024 Facility – Afreximbank/Africa Finance Corporation/ Bank of Industry
  • US$394 MM ETC Group (Mauritius), Inaugural Sustainability Linked Loan (SLL) – Trade and Development Bank Group (TDB Group)
  • US$13 Billion Ghana’s Eurobond Debt Restructuring – Hogan Lovells
  • US$18 MM Letshego Holdings Namibia Limited Social Bond – Rand Merchant Bank (RMB)
  • Republic of Benin €507.5 facility – African Trade Insurance Agency
  • Sahara Group’s US$500 MM Debt Sub-Participation Financing – Africa Finance Corporation
  • US$ 590 MM – The Egyptian Chemical Industries Company (KIMA) – National Bank of Egypt

Deal of the Year – Equity

  • Aradel Holdings’ US$2 Billion Listing by Introduction on Nigerian Exchange Limited – Standard Bank
  • Boxer’s US$470 MM Initial Public Offering (IPO) – Standard Bank
  • FQM’s US$1.15 Billion Bought Deal on the Toronto Stock Exchange- Absa Bank Ltd.
  • Nigerian Breweries’ US$352 MM Rights Issue – Standard Bank
  • Renaissance Acquisition of Shell- US$2.4 Billion – PwC Nigeria
  • Boxer’s US$470 MM Initial Public Offering (IPO) – Absa Bank / Standard Bank

Distributed by African Media Agency. on behalf of IC Publications

About the African Banker Awards

The African Banker Awards are prestigious awards that celebrate excellence and best practices in banking and finance in Africa. These annual awards honour outstanding individuals and remarkable financial institutions that are transforming the continent’s financial sector and contributing to economic development and financial inclusion in Africa.

Organised by African Banker magazine in partnership with IC Events, the Awards bring together industry leaders from across the continent to honour innovation, resilience and competitiveness in the African banking sector.

For more information about the African Banker Awards, please visit our website at www.AfricanBankerAwards.com.

About African Banker

African Banker is a pan-African publication dedicated to the banking industry across the continent. African Banker provides in-depth analysis and commentary on the trends shaping Africa’s financial landscape.

As a trusted source of information, African Banker offers a unique perspective on the challenges and opportunities facing the African banking sector.

For any further information, please contact Constance Haasz at the following address: c.haasz@icpublications.com

Source : African Media Agency (AMA)

National Bank Supervisor Atupele Mwala deserves our appreciation for outstanding customer Service

National Bank Senior bank supervisorr Atupele Mwala

We understand that it is rare that people write letters of commendation to a company on behalf of an employee who has shown outstanding service to a customer or business.

However National Bank Employee, Senior bank supervisor, Atupele Mwala deserves our commendation from services she has provided to our Business for over three years. In most cases she has helped us or pointed us to the right person in the Bank who has resolved our issues.

The latest such an issue happened today. National Bank updated their online banking software and website URL. Since that update which happened almost two weeks ago, we were unable to process online transactions such as payments to our reporters. We have been contacting them on the email made available on the website with no response.

We even asked our Manager in Lilongwe to visit the Bank and he was told that it was a known issue we needed to continue trying.

Today after so many frustrations I contacted Madam Atupele Mwala who within seconds directed me to a support technician who was able to resolve the issue with my user profile within minutes and I was able to process my Transactions.

I first encountered Atupele Mwala sometime in 2016 when a client in Malawi failed to make a deposit to our Business account. I contacted several people in the Bank to no avail until I finally by some chance ended up at the Desk of Atupele Mwala. Needless to say, I was hot under the collar by the time we exchanged emails. Making matters worse she told me both our Dollar accounts and Kwacha accounts were closed due to inactivity and non-response to bank inquiries.

Needless to say, I was so angry on the phone and started screaming at her about poor customer service in Malawi etc. etc., Atupele Mwala was silent until I finished my rant and simply said, I will help you resolve all your issues and I will be available to you until they are resolved. I did not believe her of course.

Within a week both our accounts were opened and fully functional. My clients were able to make deposits in the accounts.

The story however does not end there. Several times we had issues that we opened through the online support messaging form. No one responded. On those occasions we have reached out to Madam Atupele Mwala even though it was not her area of responsibility, she has guided us to the right department and person who have resolved our issues.

Once again, we hope this will be brought to the notice of people responsible for public relations in the Bank

Elwin Mandowa is The managing Editor of the Maravi Post

National Bank pays tuition for Mzuni students

MZUZU-(MaraviPost)-National Bank of Malawi has pumped in seven million and six hundred thousand Kwacha (MK7. 6 million) for academically outstanding students at Mzuzu University as tuition fees.

Speaking during the presentation of the scholarship, Chief Executive Officer for National Bank, Mcphasy Kawawa encouraged the students to work hard in their academic endeavours and develop right attitudes to avoid riots and protests whenever possible.

Kawawa said when colleges or universities are known for unnecessary riots and protests, the corporate world distances itself from them; denying the students some opportunities.

“An attitude is important because it is that which makes students to go out into the world and later utilise skills and knowledge which they acquire from the training. So, I was reminding the students to have right attitude, focus and be respectful of others,” Kawawa said.

In his remarks, the Vice Chancellor of the University, Professor John Kalenga Saka, thanked the Bank for its continued support towards the development of the institution and further urged the students to maximise the opportunity.

“If there are peace and tranquility at the campus, the conduct of business is assured; and more importantly, the key strategic partners do provide funding towards the growth of their education and the university. And they are very pleased. But if there is destruction whatsoever, the confidence declines and they become reluctant to help the students,” said Professor Saka.

Speaking on behalf of fellow awardees, fourth year student in the Faculty of Tourism and Hospitality Management, Kingston Zgambo, assured the Bank that the scholarship will mould them into productive citizens of the country.

More than ten students have had their tuition fees, which are now at 450 thousand Kwacha per year, paid.

Besides helping students at Mzuzu University, National Bank has also purchased desks for Kacheche Community Day Secondary School in Mzimba North.

National Bank justifies high fees to customers to discourage abuse – Facebook is not taking it sitting down

Natinal BankSocial Media and Political activist Chatinkha Chidzanja Nkhoma her Facebook page took National Bank to task for billing a customer K50, 000. When she requested CCTV viewing on a day someone took money from her account. Many people commenting on the posting were surprised that the customer appeared to be screwed by the Bank twice.

Original Posting

 

NB Response

 

NATIONAL BANK 2018 PERSONAL BANKING TARIFF 4
Effective 1st January 2019
1 CURRENT ACCOUNTS NBM 2019 CHARGE
i. Bank Cheque K21,400
ii. Cheque Book
a. 50 leaves K9,800
b. 50 leaves (Premium Gold) K13,100
c. 100 leaves K21,700
d. 200 leaves K41,400
iii. Dishonoured cheques K55,680
iv. Service Fee
– Premium gold Customers K7,000
– Premium platinum Customers K16,000
v. Special Presentation/Clearance (Other Cheque) K82,250
vi. Interim Statement per page
a. Interim statement within 6 month flat fee K3,450
b. Account history beyond 6 month,
within 24 months per page K5,400
c. Account history beyond 24 months per page K6,900

vii. Counter Cheque (per leaf) K7,500
viii. Stop Payment K55,680
ix. Unarranged Overdraft K55,680
2 EXCHANGE CONTROL

i. Ec Application-Local K4,715
ii. Ec Application- RBM K16,675

3 MULTICURRENCY CASH PASSPORT

i. Card Cost-New (collected by Travelex) USD12
ii. Sale 1% Min K5,400
iii. Purchase No charge
iv. Additional card fee (mastercard) USD5
v. Reload fee (Mastercard) USD2/EUR1.50

4 FOREIGN NOTES SALES & PURCHASES

Commission
– Sales 1% Min K7,200
– Purchases No charge
– Sales Against FCDA Balances 1% Min K7,200 equivalent

FMB closes branches in Malawi, to retrench staff

By Maravi Post reporter
First Merchant Bank says it will next week start retrenching some members of staff after it closes two of its branches and merge some of them in what the bank says business rationalization.

In a statement, the bank says all those who will lose their jobs will receive their retrenchment packages.

“First Merchant Bank wants to create more efficiencies by utilizing available resources,” says the bank in the letter.

The branches earmarked for closure include Lujeri and Blantyre market.

However, the bank has not said how many people are expected to lose their jobs and officials refused to comment on the matter.

This comes at a time when Finance Minister Goodall Gondwe has  been saying that the economy is more robust than ever before whilst economists say the country is facing a slump economy.

Several banks have folded up which include Inde Bank which was sold to National Bank and state run Malawi Savings Bank which was sold to business tycoon Thom Mpinganjira.