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NICO Holdings
NICO Holdings plc is a diversified financial services group and is listed on the Malawi Stock Exchange. Overview NICO Holdings' headquarters are in Blantyre, Malawi, with operating presence in six African countries i.e. Malawi, Zambia, Tanzania, Uganda, Mozambique and Zimbabwe. The group offers a wide range of financial products and services which include: asset management, life assurance, retirement planning, general insurance, health insurance, banking, information technology and property management. NICO Holdings was founded in 1971 as a short-term insurance company called National Insurance Company Limited. NICO became the first company to be listed on the Malawi Stock Exchange in 1996. Since then, the group has listed two of its subsidiaries on the stock market i.e. NBS Bank Plc in 2007 and ICON Properties Plc in 2019. Member companies The companies that compose the NICO Holdings are organised into five divisions and include, but are not limited, to the following: Insu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malawi Stock Exchange
The Malawi Stock Exchange (the MSE) is a stock market, with three licensed brokers is based in Blantyre, Malawi. Overview The Malawi Stock Exchange was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the Reserve Bank of Malawi, with 2,300 Malawian citizens buying shares in the first company to be listed – Malawi's largest insurance firm, the National Insurance Company. International Finance Corporation, a World Bank affiliate, and the Financierings Maatschappij Ontwikkelingslanden, a Dutch development bank with close ties to the Dutch Ministry for Development Co-operation, provided 40% of the $500,000 required for establishing the stock market in Blantyre, and the European Union sponsored seminars and publicity campaigns. The exchange operates in terms of the Capital Markets Development Act of 1990 and the Capital Market Development Regulations of 1992. It has a supervisory committee which comprises representatives ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lusaka
Lusaka (; ) is the Capital city, capital and largest city of Zambia. It is one of the fastest-developing cities in southern Africa. Lusaka is in the southern part of the central plateau at an elevation of about . , the city's population was about 3.3 million, while the urban population is estimated at 2.5 million in 2018. Lusaka is the centre of both commerce and government in Zambia and connects to the country's four main highways heading Great North Road, Zambia, north, Livingstone Road, south, Great East Road, east and Great West Road, Zambia, west. English is the official language of the city administration, while Bemba language, Bemba, Tonga language (Zambia and Zimbabwe), Tonga, Lenje, Soli language, Soli, Lozi language, Lozi and Nyanja are the commonly spoken street languages. The earliest evidence of settlement in the area dates to the 6th century AD, with the first known settlement in the 11th century. It was then home to the Lenje people, Lenje and Soli language, Soli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Botswana Insurance Holdings
Botswana Insurance Holdings Limited (BIHL Group) is an investment, retirement, and insurance group that maintains its headquarters in Botswana and operates through three subsidiaries and holds a stake in a number of associate companies. BIHL Group was established in 1975 and has been listed on the Botswana Stock Exchange since 1991. Subsidiaries and investments The companies that compose the BIHL include, but are not limited, to the following: # Botswana Life Insurance Limited – Gaborone, Botswana – 100% Shareholding – A long term insurance service provider in Botswana. # Botswana Insurance Fund Management Limited (BIFM) – Gaborone, Botswana – 100% Shareholding – A pension fund manager in Botswana. # Botswana Insurance Company Limited – Gaborone, Botswana – 50% Shareholding – A short term insurance provider in Botswana. # African Life Financial Services – Lusaka, Zambia – 49% Shareholding – The company is involved in the provision of asset management a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Malawi
National Bank of Malawi (NBM), is a commercial bank in Malawi. The bank is one of the commercial banks licensed by the Reserve Bank of Malawi, the central bank and national banking regulator. Location The headquarters and main office of the National Bank of Malawi are located in Business Centre & Office Complex, at 7 Henderson Street, in the city of Blantyre, the largest city and financial capital of Malawi. The geographical coordinates of the headquarters of this bank are: 15°47'15.0"S, 35°00'13.0"E (Latitude:-15.787500; Longitude:35.003611). Overview NBM is a large financial services institution, serving the banking needs of the people and businesses in Malawi. , the bank's total assets were valued at MWK:417.33 billion (approximately US$579 million), with shareholders' equity of MWK:88.4 billion (approximately US$123 million). National Bank of Malawi maintains four subsidiary companies, two of which are wholly owned: # NBM Capital Markets Limited - 100% shareholding # NBM P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Mutual
Old Mutual Limited is a pan-African investment, savings, insurance, and banking group. It is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange and the Botswana Stock Exchange. It was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999. It introduced a new strategy, called 'managed separation', that entailed the separation of its four businesses – Old Mutual Emerging Markets, Nedbank, UK-based Old Mutual Wealth and Boston-based Old Mutual Asset Management (OMAM) – into standalone entities in 2018. This led to the demerger of Quilter plc (formerly 'Old Mutual Wealth') and the unbundling of its shareholding in Nedbank. The business, which is now largely based in South Africa, provides sponsorship and supports bursaries at South African universities. History The company was founded in 1845 as a mutual insurance company by John Fairbai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Protea Hotels By Marriott
Protea Hotels by Marriott is a South African hotel and leisure company headquartered in Cape Town, South Africa. As of December 31, 2018, it was the largest hotel company on the African continent, with 80 properties in ten countries with 8,497 rooms in addition to 14 hotels with 2,498 rooms in the pipeline. The company was named for the flowering plant Protea, which is unique to South Africa, and its logo features a representation of the flower. History Otto Stehlik and six business associates established the company in 1984. At that time, the founders held 40% of the stock, the remaining 60% being held by Bankrop, now part of Barclays Africa Group. Initially, the company had four properties under management; two in Cape Town, one in Johannesburg and one in KwaZulu Natal South Coast. Expanding to 20 within a year, over 100 existed after two decades. In November 2013, Protea Hospitality Holdings, the holding company of Protea Hotels, signed a letter of intent, to be acquired by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Momentum Metropolitan Holdings Limited
Momentum Metropolitan Holdings Limited, formerly MMI Holdings Limited, is a South African based financial services group that is listed on the Johannesburg Stock Exchange. Overview Momentum Metropolitan Holdings Limited engages in long and short-term insurance, asset management, savings, investment and employee benefits through its various brands. The Group has subsidiaries in Botswana, Ghana, Gibraltar, Guernsey, Kenya, Lesotho, Mauritius, Namibia, Nigeria, UK, South Africa and Zambia. History In July 2019 MMI took the decision to change its name from MMI Holdings to Momentum Metropolitan Holdings. The change aims to promote the well-known brand names of two of the strongest companies within the Group, Momentum and Metropolitan. MMI Holdings was formed in 2010 when Metropolitan Holdings and Momentum Group, two insurance and financial services companies in South Africa, merged their operations. Pre-Merger History Metropolitan Holdings Limited Metropolitan was founde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Bank Malawi
The Standard Bank of Malawi, previously known as the Commercial Bank of Malawi, is a commercial bank in Malawi. It is licensed by the Reserve Bank of Malawi, the central bank and national banking regulator. Location The headquarters of Standard Bank Malawi are located in the Standard Bank Centre, African Unity Avenue, Lilongwe 3, in Malawi's capital city. Overview Standard Bank Malawi is a large financial services provider, serving the banking needs of large companies, small and medium enterprises, as well as individuals. As of December 2019, the bank's total assets were valued at MWK:375.26 billion (US$519 million), with shareholders' equity of MWK:87.24 billion (US$121 million). History The bank was established in Malawi on 15 March 1969, as Commercial Bank of Malawi. The founding shareholders were (a) the government of Malawi (b) Press Holdings Limited and (c) Banco Pinto & Sotto Mayor. By the mid 1980s, the bank became a wholly Malawian enterprise, with shareholders being ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of Malawi
The Reserve Bank of Malawi is the central bank of Malawi established in the year 1964 located in Lilongwe. The current governor is Wilson Banda. The Bank is active in promoting financial inclusion policy and is a leading member of thAlliance for Financial Inclusion It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration during the 2011 Global Policy Forum held in Mexico. The Reserve Bank of Malawi is the only institution permitted to issue the Malawian kwacha, which replaced the Malawian pound in 1971. Governors * Alan G. Perrin, 1964-1968 * D. E. Thomson, 1968-1971 *John Tembo, 1971-1984 * Chakakala Chaziya, 1984-1986 * Stephen Chimwemwe Hara, 1986-1988 * Hans Joachim Lesshafft, 1988-1992 * Francis Perekamoya, 1992-1995 * Mathews Chikaonda, 1995-2000 * Elias Ngalande, 2000-2005 * Victor Mbewe, 2005-2009 * Perks Ligoya, 2009-2012 * Charles Chuka, 2012-2017 * Dr. Dalitso Kabambe, 2017-2020 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Bank
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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