FMB Malawi

The Common Market for Eastern and Southern Africa Competition Commission has begun the process of looking into the acquisition of Barclays Bank Zimbabwe’s majority shareholding by FMB Malawi from Barclays Plc.
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The fate of Barclays Bank Zimbabwe (BBZ) managing director George Guvamatanga (pictured) is hanging in the balance after his company was recently taken over by Malawi First Merchant Bank (FMB).
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The Zimbabwe Monetary Institute (ZMI) has asked President Robert Mugabe and Indigenisation minister Patrick Zhuwao to stop Barclays’ sale of its Zimbabwe bank to Malawi-listed First Merchant Bank (FMB).
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Group of Barclays Bank Zimbabwe workers were yesterday preparing to lobby government to block the bank’s takeover by Malawi’s FMB Capital Holdings (FMB), as it emerged that management’s rival bid had the backing of the cash-rich National…
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Reserve Bank Governor Dr John Mangudya’s name is being dragged in the raging Barclays Bank Zimbabwe takeover bid by Malawian suitors, First Merchant Bank of Malawi.
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