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FDH Bank plc declares K50 billion second interim dividend for 2025

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FDH Bank plc declares K50 billion second interim dividend for 2025

By Linda Kwanjana

FDH Bank Plc has declared a second interim dividend of K50.032 billion, equivalent to K7.25 per share, following a board resolution passed at a meeting held on Wednesday, 14 January 2026.

In a notice issued by the bank on 23rd January, FDH Bank Plc Company Secretary Juliano Kanyongolo said the dividend is in respect of the bank’s 2025 profits and represents a 232.6 percent increase from the K15.044 billion, or K2.18 per share, paid as a second interim dividend in 2024.

Kanyongolo



“The dividend will be paid on Thursday, 12 February 2026, to shareholders appearing in the register of the company at the close of business on Friday, 6 February 2026,” said Kanyongolo.

He added that FDH Bank shares will trade ex-dividend from Wednesday, 4 February 2026, while the share register will be closed from 6 to 9 February 2026, during which period no transfers will be registered.

Commenting on the announcement on Facebook, financial analyst Benedicto Bena Nkhoma praised the bank’s performance and leadership.

“Well done, FDH Bank! Second interim dividend declared: K7.25 per share. This is what I call serious stewardship. Shareholders must be rewarded and performance must be recognised,” said Nkhoma.

Nkhoma further said that Malawi must celebrate institutions that are building value, not just noise.

FDH Bank Plc is one of the five commercial banks listed on the 16-counter Malawi Stock Exchange, alongside National Bank of Malawi, NBS Bank, Standard Bank Plc, and FMB Capital Holdings, which owns First Capital Bank.

ACB moves to seize assets in K36.7bn GBA scandal

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ACB moves to seize assets in K36.7bn GBA scandal

By Chisomo Phiri

The Anti-Corruption Bureau (ACB) has announced that it will commence civil asset forfeiture proceedings against properties suspected to be proceeds of crime linked to the alleged looting of K36.7 billion at the Greenbelt Authority (GBA), in addition to criminal prosecutions.

In a statement, ACB Acting Director General Gabriel Chembezi says 11 suspects connected to the case have been formally charged and that trial proceedings are expected to commence later this year.

Chembezi


Chembezi indicates that the suspects have been charged with various offences under the Corrupt Practices Act and the Penal Code, and have since been released on bail.

“The arrested suspects have been formally charged with various offences under the Corrupt Practices Act and the Penal Code.They have been released on bail, with the earliest trial scheduled for February 27, 2026,” says Chembezi.

He says among those arrested are GBA Chief Executive Officer (CEO ) Eric Chidzungu, Director of Irrigation Operations Chisomo Kumbuyo, Irrigation Engineer Chester Chikwere, Director of Finance and Investments Linda Phiri, Procurement and Assets Disposal Manager Masautso Kamowa,and Infrastructure Development Manager Synoden Kautsi.

Chembezi says others facing charges include Kabiki and Partners Engineering Services Managing Director Innocent Kawinuwinu, PLMB Engineering Investment Managing Directors Stanley Bakolo and Victor Chabwera, EMD Consulting Engineers Managing Director Ephrone Mwenitete, and Einstein Construction Limited Managing Director Kenneth Khonje.

He says the bureau will also seek additional arrest warrants for other suspects who are yet to be apprehended in connection with the case.

“The Bureau further informs the public that it will soon obtain more arrest warrants for the remaining suspects in the matter,” says Chembezi.

The ACB alleges that the   GBA irregularly awarded contracts to several private contractors and made advance payments amounting to K36.7 billion.

The funds are suspected to have been misappropriated, with some allegedly diverted to finance political campaigns, while certain GBA officials are said to have benefitted through kickbacks.

Mbilizi orders faster maize offloading at Chilambula ADMARC depot

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Mbilizi orders faster maize offloading at Chilambula ADMARC depot



By Chisomo Phiri

Minister of Agriculture, Irrigation and Water Development, Roza Fatch Mbilizi, has directed the National Food Reserve Agency (NFRA) to put in place measures to reduce long queues of people selling maize at the Chilambula Agricultural Development and Marketing Corporation (ADMARC ) depot in the capital Lilongwe.

Mbilizi issued the directive during a visit to the depot on Friday following reports that farmers and traders were spending long hours waiting to offload their maize.

Mbilizi



She instructed NFRA management to ensure that at least 20 large trucks are offloaded per day in order to speed up operations and ease congestion at the depot.

The minister further disclosed that government plans to purchase between 50,000 and 80,000 metric tonnes of maize locally, a figure higher than the initial projection.

On his part,NFRA Chief Executive Officer (CEO ) George Macheka confirmed that operations at the Chilambula depot have returned to normal after earlier disruptions.

He explained that the delays were partly caused by some drivers who had fumigated their maize and were turned away for not complying with set procedures.

Macheka said the affected drivers later discouraged others from offloading their maize, worsening the situation.

“Drivers who initially bypassed the rules have now accepted the arrangements, and the backlog will be cleared in the coming days,” he said.

To further improve maize reception, Macheka said NFRA has introduced a night shift and extended operations to weekends to ensure a steady flow of trucks and timely offloading.

Ansah urges chiefs to promote unity,peace

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Ansah urges chiefs to promote unity,peace



By Chisomo Phiri

Vice President Jane Ansah has urged traditional leaders in the country to promote peace and unity among their subjects, describing the values as essential for meaningful national development.

She made the remarks on Saturday at Jobe Nyaka Village in the area of Traditional Authority(T/A) Kalumbu in Lilongwe District during the coronation ceremony of her cousin, Alida Nyaka Mazungwi, as Village Headwoman Jobe Nyaka.

Speaking in her capacity as a family member, the VP said the government, under the leadership of President Arthur Peter Mutharika, remains committed to fostering unity among all Malawians regardless of tribe, religion, or political affiliation.

Ansah


“As chiefs, you must lead by example by promoting peace and unity among your subjects.

“You should remain impartial and serve with integrity in the implementation of government programmes in your areas, including the distribution of relief food items,” said Ansah.

She further assured the gathering that the government is doing everything possible to ensure that no Malawian dies of hunger, despite the challenges the country is facing.

Speaking on behalf of fellow traditional leaders, Senior Chief Kalumbu said chiefs will continue to serve as custodians of development, social cohesion, and cultural heritage within their communities.

During the event, the VP, through the Dr. Jane Ansah Foundation, distributed 150 bags of maize flour to vulnerable households in the area.

The newly installed Village Headwoman Jobe Nyaka is a retired civil servant who previously served as Principal Youth Officer.

She retired from the civil service in 2019.

FCB Nyasa Big Bullets Fitness Chief Steps Down After Prolonged Suspension

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FCB Nyasa Big Bullets Fitness Chief Steps Down After Prolonged Suspension



By Rahim Abdul

Stone Mwamadi has resigned from his position as fitness trainer at FCB Nyasa Big Bullets, bringing to an end months of uncertainty surrounding his role at the club.

Mwamadi announced his decision four months after he was suspended from duty following issues linked to an ongoing police investigation.

The development marks a significant change in the club’s technical backroom staff, as Mwamadi had been part of the Bullets’ fitness department before his suspension.

On October 11, 2025, Big Bullets placed Mwamadi on suspension and appointed Chingeni Gumbula Kadam’manga to act as fitness trainer while investigations were underway.

Explaining his decision, Mwamadi said he felt it was wise to step aside, noting that since the matter began, he was never given an opportunity to be heard or to present his side of the story.

He indicated that the absence of engagement from relevant authorities influenced his choice to resign rather than continue waiting under suspension.


Despite his departure from the leadership role, Mwamadi emphasized that he remains part of the club in another capacity, now serving as an ordinary member.

He also extended his best wishes to Big Bullets, expressing hope that the team continues to perform well in its future engagements.

The resignation comes at a time when the club is preparing for ongoing competitions and restructuring its technical team.

Efforts to obtain a comment from Big Bullets Chief Executive Officer Albert Chigoga proved unsuccessful, as his mobile phone went unanswered by the time of filing this report.

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