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When Uganda’s Centenary Group and the Roman Catholic Archdiocese of Lilongwe acquired MyBucks Banking Corporation in Malawi in October 2022 and fully rebranded it to Centenary Bank Limited, Malawi, it was a struggling institution. Turning around the institution required not just capital injection, but disciplined leadership, strategic clarity, and deep experience in financial sector transformation. Centenary Group, the majority shareholder, naturally turned to one of their own — CPA Godfrey Byekwaso, FCCA, MBA, a rising professional who for nearly 11 years served as the General Manager Finance (CFO) at Centenary Bank Uganda, the Group’s flagship subsidiary and Uganda’s second-largest bank….
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By Godfrey Byekwaso When I received my first Chief Financial Officer Award in 2018, I saw it simply as recognition of good work. What I did not fully grasp then…
The Board of Centenary Bank in Malawi has appointed Mr. Godfrey Byekwaso as the Acting Managing Director of Centenary Bank Limited, effective June 19, 2024. This follows the retirement of Mrs. Zandile Shaba who has been the Managing Director of Centenary Bank from 2017 to 2024. Centenary Bank Malawi is a subsidiary of Uganda’s Centenary Group, which also owns Uganda’s second-largest bank- Centenary Bank as well as Centenary Technology Services (CenteTech). Mr. Godfrey Byekwaso has been Deputy Managing Director of Centenary Bank Limited and according to a statement by the bank, “brings over 26 years of progressive experience in banking…
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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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Centenary Group has appointed Godfrey Byekwaso, hitherto the General Manager of Finance at Centenary Bank Uganda, as its Deputy Managing Director for Centenary Bank Malawi, CEO East Africa Magazine can exclusively reveal. Centenary Group, which is the holding company for Centenary Bank, Centenary Technology Services Limited (Cente-Tech), and Centenary Foundation, recently acquired 100% of MyBucks Banking Corporation of Malawi and rebranded it to Centenary Bank Malawi. The new brand was launched on March 22nd 2023 and Zandile Shaba, retained as the bank’s Managing Director. Godfrey Byekwaso is a highly skilled finance professional and banker with key competencies in financial analysis…
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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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