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About Hughton Gweshe

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So far Hughton Gweshe has created 47 blog entries.

FMB Wins 2018 EIB Innovation Award

2018-02-20T11:35:23+00:00 February 20th, 2018|Corporate News|

FMB emerged the Innovation Award winner at the occasion of the European Investment Bank (EIB) 2018 Southern Africa SME & Microfinance Academy awards gala held in Johannesburg, South Africa on 7th February. The Award is in respect of the Bank’s innovation in e-payments for the delivery of social protection services on behalf of Malawi Government [...]

Amalgamation and Merger of The Leasing and Finance Company of Malawi Limited (“LFC”) with First Merchant Bank Plc (“FMB”) (the “Scheme of Arrangement”)

2018-02-22T16:21:30+00:00 February 19th, 2018|Corporate Announcements, Corporate News|

On 20 December 2017, the High Court of Malawi approved the Scheme of Arrangement whereby FMB will acquire, assume, amalgamate and merge with its own undertaking and all the property, assets and rights, real and personal, liabilities (actual and contingent) and obligations of every description of LFC. The effective date of the Scheme of Arrangement [...]

FMB unveils Limbe Branch with a new look

2018-02-09T17:12:43+00:00 February 9th, 2018|Corporate News|

On Wednesday the 7th of February 2018, FMB unveiled its newly refurbished Limbe Branch by inviting some of its customers to a cocktail held at the branch. FMB Chairman(C) interacts with customers Present at the cocktail along with other senior FMB management were Mr. Hitesh Anadkat, FMB Group Chairman and Mr. Fernando Rodrigues, FMB Chief [...]

Notice to FMB & OIBM customers

2017-10-31T08:56:11+00:00 October 31st, 2017|Corporate News|

CLOSURE OF BRANCHES / AGENCIES & INTERRUPTION OF SERVICES ON 4TH NOVEMBER, 2017 Please note that all branches and agencies of FMB and OIBM will be closed on Saturday 4th November, 2017 to enable us to migrate OIBM operations to FMB Bank. Please note that Banki M’manja (mobile phone transactions) and ATM cards of OIBM [...]

FMB | Notice to OIBM account holders

2017-10-30T14:25:01+00:00 October 30th, 2017|Corporate News|

We wish to notify all OIBM customers that regulatory approvals from the Registrar of Financial Institutions and the High Court of Malawi for the merger of OIBM and FMB have been received. We request that OIBM customers take note of the following: MIGRATION Date of Migration: OIBM’s operations will be merged with FMB on the [...]

FMB obtains approval for Opportunity Bank acquisition

2017-10-30T10:51:58+00:00 October 23rd, 2017|Corporate News|

FMB Bank (FMB) has confirmed that it has received approvals from the Reserve Bank of Malawi and the High Court to proceed with its acquisition and merger of Opportunity International Bank Malawi (OIBM). This follows an agreement reached in June between FMB and OIBM in which FMB acquired 100% ownership of the micro lending institution. [...]

FMBCH – Barclays Zimbabwe deal set to go ahead.

2017-10-17T09:14:27+00:00 October 16th, 2017|Corporate News|

Mauritius based FMB Capital Holdings Plc (FMBCH), the holding company for FMB Group, has announced the successful acquisition of a majority shareholding in Afcarme Zimbabwe Holdings (Pvt) Limited, the holding company for Barclays Bank of Zimbabwe Limited (BBZ) from Barclays Bank PLC (BBPLC). The transaction was concluded after all the Zimbabwean statutory and regulatory requirements [...]

FMBCH makes historic MSE debut

2017-09-20T12:25:19+00:00 September 20th, 2017|Corporate News|

Shares in First Merchant Bank Capital Holdings (FMBCH) began trading on the Malawi Stock Exchange (MSE) yesterday, Monday, 18 September. Shareholders of First Merchant Bank (FMB) were offered one FMBCH share for each FMB share held. The one-for-one offer was accepted by investors representing more than 97.6% of FMB’s ordinary shares. In its pre-listing statement, [...]

Further Cautionary Statement: Acquisition of shareholding in Barclays Bank Zimbabwe Limited

2017-09-12T14:29:37+00:00 September 7th, 2017|Corporate Announcements|

The Directors of First Merchant Bank PLC (“FMB”) wish to provide an update to their shareholders and other stakeholders with respect to the agreement that was signed between FMB Capital Holdings PLC (“FMBCH”) and Barclays Bank PLC (BBPLC), pursuant to which FMBCH will acquire from BBPLC a controlling shareholding in Barclays Bank of Zimbabwe Limited [...]

Hello Paisa – FMB “back to school” campaign

2017-09-12T14:24:07+00:00 September 7th, 2017|Corporate News|

FMB, at the beginning of this week, rolled out a ‘Back to School’ money transfer campaign under its Hello Paisa money transfer platform to encourage both its customers and non-customers to receive funds from South Africa through the Bank. During the Back to School campaign everyone who receives funds through Hello Paisa at FMB from [...]