Tags: FDH

IPMM backs Mpinganjira

  Institute of People Management Malawi (IPMM), a professional grouping of human resources practitioners, has backed FDH Financial Holdings Limited, new majority shareholder in previously wholly State-owned Malawi Savings Bank (MSB), for not giving the bank’s employees terminal benefits upon takeover. IPMM president Chrispin Chikwama gave the position when he called on Tuesday in reaction…

Mpinganjira: No fresh contracts for MSB staff

  FDH Financial Holdings Limited says employees of its new acquisition, the previously wholly State-owned Malawi Savings Bank (MSB), will not get fresh employment contracts as they have been carried over. But a human resources expert has faulted the arrangement, saying MSB employees should start afresh under their new employer, FDH Financial Holdings Limited. The…

Court stops sale  Of mulli property

Tthe Supreme Court of Appeal in Blantyre yesterday set aside a High Court judgement that allowed Malawi Savings Bank (MSB) to sell property belonging to Mulli Brothers Limited (MBL) to recover a K3.3 billion loan. The Supreme Court, therefore, ordered that a consent order, as per agreement entered between MSB and MBL to reschedule payments…

MPINGANJIRA OUTLINES MSB TAKEOVER PLAN

FDH Financial Holdings Limited, new majority shareholder in the previously wholly State-owned Malawi Savings Bank (MSB), says it will not rush to take over the operations of MSB as it awaits regulatory approvals from the Reserve Bank of Malawi (RBM). In an interview last evening, FDH Financial Holdings Limited chief executive officer Thomson Mpinganjira said…

VP talks reforms at Icam conference

Vice-President Saulos Chilima has said the reforms government has undertaken will help to create a vibrant public service as well as ensuring prudent use of taxpayers’ money. He said government has embarked on two critical and bold reforms—public service and public finance management—which are necessary to stimulate an efficient environment in the public service. “Government…

FDH group on a growth path—Mpinganjira

FDH Financial Holdings Limited is well positioned for further growth and expects the group’s fortunes to turnaround, particularly its flagship banking subsidiary, chief executive officer Thom Mpinganjira has said. The financial services group has subsidiaries such as FDH Bank, FDH Stockbrokers Limited, FDH Money Bureau and First Discount House. Mpinganjira told journalists in Blantyre over…