The Reserve Bank of Malawi has awarded a license to Centenary Group and the Catholic Church Archdiocese of Lilongwe to carry out banking operations in Malawi. The name of the new bank is Centenary Bank Limited, with Centenary Group holding majority shareholding and the Catholic Church Archdiocese of Lilongwe holding minority shareholding of the Bank’s shares. Centenary Bank will be launched on 23rd March 2023 in Lilongwe. Zandile Shaba has been maintained as the Managing Director. Centenary Group owns Centenary Rural Development Bank; the Bank with the largest customer base in Uganda. Centenary Bank has over 2.6 million customers including…
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