Malawi: Done Deal! Malawi Savings Bank, Indebank Sold

Lilongwe — It's now official, government has sold Malawi Savings Bank (MSB) sold at K9.5bn ($21.1 million) while Indebank has been sold at K6.7bn ($14.9 million). MSB has been sold to FDH Financial Holdings Limited whose chief executive officer is Thom Mpinganjira.

The signing ceremony toook place on Thursday in the capital Lilongwe which saw Finance Minister Goodall Gondwe sigining on behalf of government and Mpinganjira as the new owner.

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