Q&A with Centenary Bank Malawi’s Zandile Shaba: We want to be the best and fastest-growing digital bank In 2022, Uganda’s Centenary Group, in consortium with the Catholic Archdiocese of Lilongwe commenced negotiations to purchase Malawi-based MyBucks Banking Corporation (MyBucks). On 30th May 2022, the Centenary Group Board approved the proposed acquisition pending shareholder approval and a satisfactory due diligence process. An Extraordinary General Meeting of the Centenary Group shareholders held on 10th October 2022 approved the purchase of MyBucks subject to all the necessary approvals from the Reserve Bank of Malawi.

Muhereza KyamuteteraOctober 25, 2023October 25, 2023

Zandile Shaba, Managing Director, Centenary Bank, Malawi

On 22nd December 2022, the Reserve Bank of Malawi (RBM) approved the conditional offer by Centenary Group in consortium with the Archdiocese of Lilongwe to acquire MyBucks. On 6th March 2023, the RBM granted a full banking license to the Consortium under the new subsidiary, Centenary Bank Limited. The Bank was officially launched on 22nd March 2023. To lead the bank, the Group retained Mrs Zandile Shaba, the former Managing Director of MyBucks. Zandile is a veteran banker with a rich experience in Southern Africa. Between 1997 and 2010 she was Managing Director for BancABC in Mozambique, Zambia and then…

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