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Centenary Bank Malawi
Centenary Bank Malawi, also Centenary Bank Malawi Limited, is a commercial bank in Malawi. It is one of the commercial banks licensed by the Reserve Bank of Malawi, the central bank and national banking regulator. Location The headquarters and main branch of Centenary Bank Malawi Limited are located at Ekistics House, Convention Drive, Lilongwe 3, in Malawi. Overview As of October 2022, the total assets of MyBucks Bank Malawi, the predecessor of Centenary Bank Malawi, were valued at approximately MWK:122 billion (approx. US$120 million). History The bank was established in October 2022, when the Centenary Group, a financial services conglomerate headquartered in Uganda, that is affiliated with the Roman Catholic Church in Uganda, acquired majority shareholding in the erstwhile ''MyBucks Bank Malawi''. At the same time, the Roman Catholic Archdiocese of Lilongwe acquired the remaining minority shareholding. The new bank rebranded as Centenary Bank Malawi Limited. Before that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centenary Group
The Centenary Group of Companies, commonly referred to as the Centenary Group, is a privately owned conglomerate in Uganda. The anchor company in the group is Centenary Bank, the second-largest commercial bank in Uganda, based on assets. As of 31 December 2021 Centenary Bank had assets valued at USh4.8 trillion (US$1.359 billion). Overview As of October 2023, Centenary Group is involved in financial services, information and communications technology and the delivery of social services. At that time, the Group's assets were valued at UGX6.2 trillion (US$1.631 billion), with shareholders' equity in the group in excess of USh789.52 billion (US$222.78 million). It is the largest indigenous Ugandan financial services conglomerate. In December 2023, Centenary Group broke ground in the city of Masaka for the construction of a Tier 3 green data center. This is the country's first such facility outside the capital city of Kampala. History Started in 1983 as Centenary Rural Develop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Nation (Malawi)
''The Nation'' is a newspaper based in Blantyre, Malawi, owned by Nations Publications Limited. It began distribution on 26 July 1993, and became a daily newspaper on 11 July 1994, coming out on Mondays through Fridays. Its sister newspaper ''Saturday Nation'', now called ''Weekend Nation'', was launched in 1995. ''The Nation'' Newspaper ''The Nation'' began distribution in July 1993, and became a daily newspaper in 1994. It became an important voice against the one party rule and the MCP party during the transition to multi-party rule. ''The Weekend Nation'' ''The Weekend Nation'' is a weekly newspaper based in Blantyre, Malawi owned by Nation Publications Limited (NPL). The weekly version is ''The Nation''. It was originally called ''Saturday Nation'', and was launched in 1995. Cochrane-Dyet 2011 cable controversy In April 2011, the ''Weekend Nation'' published an article quoting a leaked diplomatic telegram from British High Commissioner Fergus Cochrane-Dyet in which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Malawi
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Malawi
The economy of Malawi is $7.522 billion by gross domestic product as of 2019, and is predominantly agricultural, with about 80% of the population living in rural areas. The landlocked country in south central Africa ranks among the world's least developed countries. In 2017, agriculture accounted for about one-third of GDP and about 80% of export revenue. The economy depends on substantial inflows of economic assistance from the IMF, the World Bank, and individual donor nations. The government faces strong challenges: to spur exports, to improve educational and health facilities, to face up to environmental problems of deforestation and erosion, and to deal with the problem of HIV/AIDS in Africa. Malawi is a least developed country according to United Nations. Agriculture Malawi's most important export crop is tobacco, which accounted for a third (30%) of export revenue in 2012. In 2000, the country was the tenth-largest producer in the world. The country's heavy reliance on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Malawi ...
This is a list of commercial banks in Malawi. # CDH Investment Bank # Ecobank Malawi # FDH Bank # First Capital Bank Malawi Limited # National Bank of Malawi # NBS Bank # Standard Bank Malawi # Centenary Bank Malawi External links Website of Reserve Bank of Malawi See also * List of banks in Africa * Reserve Bank of Malawi * Economy of Malawi * List of companies based in Malawi References {{Economy of Malawi Banks Malawi Malawi Malawi (; or aláwi Tumbuka: ''Malaŵi''), officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly known as Nyasaland. It is bordered by Zambia to the west, Tanzania to the north and northe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a Board of directors, board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''President (corporate title), president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', ''moderator (town official), moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''Spe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Teller Machines
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zomba, Malawi
Zomba is a city in southern Malawi, in the Shire Highlands. It is the former capital city of Malawi. It was the capital of first British Central Africa and then Nyasaland Protectorate before the establishment of Malawi in 1964. It was also the first capital of Malawi and remained so until 1974, when Lilongwe became the capital. The Parliament remained even longer, until 1994. The city is best known for its British colonial architecture and its location at the base of the dramatic Zomba Plateau. Zomba is also the home of Chancellor College of the University of Malawi. History The town's British colonial past is reflected in the architecture of its older buildings and homes. Zomba was once a hub for expatriates in Malawi. Its diverse cultural mix included British tobacco farmers and Dutch, German and U.S. emissaries. The British also established Sir Harry Johnston Primary School. The Zomba Gymkhana Club was once the focus for social activity in the expatriate community. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mzuzu
Mzuzu is the capital of Malawi's Northern Region and is the third largest city by population in Malawi. The city has 221,272 residents and 20,000 commuters ( Mzuzu University students) with about 1.7 million people in its metropolitan area. It is situated in Mzimba District. Mzuzu lies in a gap in the Viphya Mountains, and the agricultural region surrounding the city specializes in tea, rubber and coffee cultivation. The Viphya Plantation south of the city is the largest man-made forest in Africa, and the Lunyangwa and Kaning'ina forest reserves lie east of the city. Some of the popularly known locations in the city include Chibavi, Luwinga, Area 1B, Chibanja, Katoto, Zolozolo, Masasa, Mchenga-utuba, Chimaliro, Kaning'ina and Katawa. Demographics Ethnic Groups According to the 2018 census, the Tumbuka people are the largest ethnic group in the city composing 51.71% of the city's population. The largest minority ethnic group are the Chewa making up 13.51% of the populati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mangochi
Mangochi is a township in the Southern Region of Malawi. Located near the southern end of Lake Malawi, in colonial times it used to be called Fort Johnston. As of 2018 it has a population of 53,498. History Mangochi was founded by colonial administrator Sir Harry Johnston in the 1890s as a British colonial defence post on the littoral plain of the Shire River's western shore. After this, Fort Johnston – as the town was then known – was an important slave market and administrative centre. The British gunboat ''Gwendolen'', named after Lady Gwendolen Gascoyne-Cecil, daughter of the 3rd Marquess of Salisbury, was built in Mangochi in 1897. At , it was the largest ship to sail on Lake Malawi until being scrapped shortly after World War II. The gunboat, operated by the Protectorate of Nyasaland, is said to have fought the first naval battle of the First World War when it defeated the German vessel ''Hermann von Wissmann'' in August 1914. Rioting in June 2003 injured thr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kasungu
Kasungu is a town in the Kasungu District of the Central Region of Malawi. The population of Kasungu was 58,653 according to the 2018 census. Kasungu is approximately north-west of the capital of Malawi, Lilongwe, and is east of Kasungu National Park. The main industry in Kasungu is tobacco-growing. History A farm close to Kasungu was the birthplace of the first President of Malawi, Hastings Banda. Geography and climate Kasungu is in central Malawi, lying at an elevation of . It has a humid subtropical climate ( Köppen: ''Cwa'') and a rainy season that lasts from November–December to March–April. The dry season lasts from May to October. The town receives, on average, between rainfall each year. Demographics Language Chichewa is the main language spoken in Kasungu. Facilities Transport Kasungu is served by buses and minibuses that travel to Lilongwe and Mzuzu. In June 2008, Central East Africa Railways announced plans to extend the rail line from Lilongwe to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
