{"id":24537,"date":"2021-03-06T20:01:04","date_gmt":"2021-03-06T20:01:04","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=24537"},"modified":"2021-03-06T20:01:04","modified_gmt":"2021-03-06T20:01:04","slug":"akiba-bank-malawi-lender-transact-sh17-billion-in-merger","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger","title":{"rendered":"Akiba bank, Malawi lender transact Sh17 billion in merger"},"content":{"rendered":"<p><strong>AfricaPress-Tanzania:<\/strong>\u00a0 Akiba Commercial Bank (ACB) has received Sh17 billion strategic investments from the National Bank of Malawi (NBM) in a merger that was concluded last month.<\/p>\n<p>Through the investment, ACB has strengthened its capital base to meet requirements of the Bank of Tanzania (BoT) for operations of commercial banks in the country.<\/p>\n<p>Addressing a press conference yesterday, ACB\u2019s acting managing director Juliana Swai said the merger aimed at strengthening the bank\u2019s capital as required by the BoT.<\/p>\n<p>\u201cACB has been looking on market demands as well as a strategic investor or shareholder in order to strengthen the bank and improve its services as well as starting more other services required in the country\u2019s market,\u201d she said.<\/p>\n<p>She pledged major and positive changes in services delivery as well as systems of services delivery, saying customers will be serviced with highest integrity and professionalism based on experience from both institutions.<\/p>\n<p>\u201cWe also understand the bilateral relations between the two countries in various areas including trade and creating an enabling environment for trade prosperity through easy access of financial services.<\/p>\n<p>\u201cThe investment will create an enabling environment of doing business for countries in the Southern African Development Community (Sadc).\u201d<\/p>\n<p>Media outlets in Malawi reported that NBM &#8211; which is the country\u2019s largest lender by market capitalization and assets &#8211; had acquired a 51 percent stake in Tanzania\u2019s ACB in a deal worth $7.31 million.<\/p>\n<p>A statement from NBM, which is listed on the Malawi Stock Exchange, said its investment in ACB was worth only two percent of its market capitalization which is valued at 304 billion Malawi Kwacha.<\/p>\n<p>\u201cThe acquisition is in line with NBM\u2019s current strategic plan which has regional expansion as one of its key thrusts,\u201d reads part of its statement.<\/p>\n<p>Established in 1997, ACB has strong roots in small and medium size businesses, and operates 18 branches across Tanzania, whose port city Dar es Salaam is a major source of imports bound for Malawi.<\/p>\n<p>ACB that has been providing loans to Micro, Small and Medium entrepreneurs (MSMEs) has successfully reached 200,000 Tanzanians in Dar es Salaam, Arusha, Mwanza, Mbeya, Kilimanjaro, and Dodoma by providing them with entrepreneurial loans and savings deposits through the Junior, Youth, Adults, Business and Company accounts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AfricaPress-Tanzania:\u00a0 Akiba Commercial Bank (ACB) has received Sh17 billion strategic investments from the National Bank of Malawi (NBM) in a merger that was concluded last month. Through the investment, ACB has strengthened its capital base to meet requirements of the Bank of Tanzania (BoT) for operations of commercial banks in the country. Addressing a press [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":24543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[2181,7560,593],"class_list":["post-24537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-acb","tag-nbm","tag-sadc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Akiba bank, Malawi lender transact Sh17 billion in merger - Tanzania<\/title>\n<meta name=\"description\" content=\"Akiba Commercial Bank (ACB) has received Sh17 billion strategic investments from the National Bank of Malawi (NBM) in a merger that was\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Akiba bank, Malawi lender transact Sh17 billion in merger\" \/>\n<meta property=\"og:description\" content=\"Akiba Commercial Bank (ACB) has received Sh17 billion strategic investments from the National Bank of Malawi (NBM) in a merger that was\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-06T20:01:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/akiba-pic.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1160\" \/>\n\t<meta property=\"og:image:height\" content=\"652\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Akiba bank, Malawi lender transact Sh17 billion in merger\",\"datePublished\":\"2021-03-06T20:01:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger\"},\"wordCount\":379,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/akiba-pic.jpg\",\"keywords\":[\"ACB\",\"NBM\",\"SADC\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger\",\"name\":\"Akiba bank, Malawi lender transact Sh17 billion in merger - Tanzania\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/akiba-pic.jpg\",\"datePublished\":\"2021-03-06T20:01:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Akiba Commercial Bank (ACB) has received Sh17 billion strategic investments from the National Bank of Malawi (NBM) in a merger that was\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/akiba-pic.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/akiba-pic.jpg\",\"width\":1160,\"height\":652},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/tanzania\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Akiba bank, Malawi lender transact Sh17 billion in merger\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/\",\"name\":\"Tanzania\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Akiba bank, Malawi lender transact Sh17 billion in merger - Tanzania","description":"Akiba Commercial Bank (ACB) has received Sh17 billion strategic investments from the National Bank of Malawi (NBM) in a merger that was","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger","og_locale":"en_US","og_type":"article","og_title":"Akiba bank, Malawi lender transact Sh17 billion in merger","og_description":"Akiba Commercial Bank (ACB) has received Sh17 billion strategic investments from the National Bank of Malawi (NBM) in a merger that was","og_url":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger","og_site_name":"Tanzania","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-03-06T20:01:04+00:00","og_image":[{"width":1160,"height":652,"url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/akiba-pic.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Akiba bank, Malawi lender transact Sh17 billion in merger","datePublished":"2021-03-06T20:01:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger"},"wordCount":379,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/akiba-pic.jpg","keywords":["ACB","NBM","SADC"],"articleSection":["all news","Economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger","url":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger","name":"Akiba bank, Malawi lender transact Sh17 billion in merger - Tanzania","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/akiba-pic.jpg","datePublished":"2021-03-06T20:01:04+00:00","author":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Akiba Commercial Bank (ACB) has received Sh17 billion strategic investments from the National Bank of Malawi (NBM) in a merger that was","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#primaryimage","url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/akiba-pic.jpg","contentUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/03\/akiba-pic.jpg","width":1160,"height":652},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/akiba-bank-malawi-lender-transact-sh17-billion-in-merger#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/tanzania\/"},{"@type":"ListItem","position":2,"name":"Akiba bank, Malawi lender transact Sh17 billion in merger"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/tanzania\/#website","url":"https:\/\/www.africa-press.net\/tanzania\/","name":"Tanzania","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/24537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/comments?post=24537"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/24537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media\/24543"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media?parent=24537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/categories?post=24537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/tags?post=24537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}