Tag: Malawi Savings Bank

What happened to the 1.8-billion Malawi kwacha paid out for a timber mill that was never built? : Mystery of Malawi’s missing factory

Published on July 21, 2014 by Face of Malawi

Malawi’s current finance minister, Goodall Gondwe, helped to facilitate a 1.8-billion Malawi kwacha (R54-million) state loan for a timber processing […]

Malawi Savings Bank stops sale of Mulli Brothers assets

Published on March 21, 2013 by FACE OF MALAWI

Government owned Malawi Savings Bank (MSB) has obtained a court injunction, blocking Mulli Brothers Limited from disposing of some of […]

DPP feels vindicated as PP hijacks Balaka office

Published on February 9, 2013 by FACE OF MALAWI

The Democratic Progressive Party (DPP) has said its eviction from an office building the People’s Party (PP) occupies in Balaka […]

Mulli sailing in troubled financial waters, claims govt is squeezing it hard

Published on December 24, 2012 by FACE OF MALAWI

Local business conglomerate MBL Holdings owned by Mulli Brothers has admitted it is currently sailing in troubled financial waters, alleging […]

MSB bank demands K3.3bn from Mulli Brothers

Published on December 10, 2012 by FACE OF MALAWI

Malawi Savings Bank (MSB) has dragged Mulli Brothers Limited to court where they are demanding K3.3 billion for a MK3.2 […]

Malawi Savings Bank profits hit K1.1bn

Published on April 8, 2012 by FACE OF MALAWI

Published annual financial reports from Malawi Savings Bank (MSB) show that the company has managed to rake in an after […]