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.
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Zandile Shaba, Managing Director, Centenary Bank, Malawi