Privatizing state-owned companies is usually an emotional subject with various stakeholders struggling to make their voices heard making it difficult to reach a compromise. This is exacerbated when privatization exercise involves state-owned banks due to volatility of the financial industry. The...

The Malawian Banking Act 2010 and Financial Services Act 2010 require that external auditors of Malawian banks should perform extra duties on behalf of Central Bank in additional to specific duties outlined in the Malawi Companies Act 1984 and International Standards on Auditing (ISAs). The...

Malawian Banking Industry is characterised by supra normal profits and excessively high executive compensation. This is against the backdrop of negative growth rate of Gross Domestic Product in Malawi indicating that several sectors are struggling to cope up with the global financial meltdown of...

Joint IMF-World Bank Financial Assessment Program (2008) concluded that Malawian banking industry was plagued with significant ownership linkages and therefore bringing in problems of related party transactions requiring proper disclosures to protect various stakeholders. Regulatory Authorities...

Auto Teller Machines provide bank customers with a lot of flexibility and convenience when undertaking financial transactions such as cash withdrawal or deposit, utility bills payments and funds transfers in Malawi. Very often banks customers are not aware of the risks of relying on such...

Staff retrenchment is one the contentious legal battle an acquirer probably faces because acquired firms so often had run into financial problems and had to lay off some employees who might have been challenging employer’s decision during business combination process. Such legal exposure...

Graduate Recruitment Programme is not receiving substantial attention in the Malawian Banking Sector. There are fragmented programmes across the industry with most banks lacking initiatives to recruit and train graduates from universities as means of building up future management team with...

Business Combination in form of acquisition brings a lot of enthusiasm on the shareholders and the economy. These are however complex transactions governed by statutory provisions, regulator’s guidelines and professional input. This study explored business combination in the Malawian Banking...

Malawian banking industry has undergone seismic transformation over the past twenty years. It has been two decades of plethora of new entrants followed by acquisitions propelled by minimum paid capital requirements which have forced smaller banks to be absorbed by bigger banks. The barriers of...

Employees, who take pride and ownership of firms they work for, are likely to be more productive and safeguard the interests of the employers. Malawian banks promoted employee share schemes from 2000 but there evidence that the euphoria on this matter is waning as fewer banks are administering...