Malawi: Mpinganjira Denies FDH Takeover of Malawi Savings Bank - Activists Calls for Sale Halt

Lilongwe — FDH Financial Holdings Limited chief executive officer Thom Mpinganjira has fended off talk that the company has completed the process of buying wholly State-owned Malawi Savings Bank (MSB).

Mpinganjira said on Thursday that the process is continuing. He rejected reports which went viral on news websites and social media on Wednesday that government secretly proceeded to sale the bank to the only bidder FDH, a move which parliamentarians described as an "epic swindle."

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