Loita Investment Bank (LIB) has received approval from the Malawi Stock Exchange (MSE) to list on the bourse in August as part of its growth strategy. Managing Director Jerome Bissay said in exclusive interview in Blantyre Wednesday.More ...

Conglomerate Press Corporation Limited has become the first company to issue Commercial Paper barely a month after Reserve Bank of Malawi approved that firms in the country can now start to issue the paper, Daily Times has established.

Commercial paper, a private sector equivalent of Treasury Bills, allows private companies to borrow directly from the general public instead of obtaining loans from commercial banks. More ...

Loita Bank promises innovative products
The Nation , 6 September 2001

Loita Investment Bank chairman Justin Chinyanta said on Tuesday the bank will continue to introduce innovative products to offer its clients better services.

Speaking at a farewell cocktail party for the outgoing managing director Milton Weeks, Chinyanta said Loita was proud to be associated with the improvements which have been initiated in the banking sector in the last two years. More...

Loita Hosts Panel at African Development Bank Annual Meetings
Spain, 28 May, 2001

The Loita Group of companies hosted a highly successful breakfast panel addressing the convergence of financial services and information technology at the annual meetings of the African Development Bank held in Valencia.

Entitled "Building Bridges: The Critical Role of Information Technology in Developing African Financial Services," the panel assembled top representatives of banks, stock exchanges, technology companies and investment funds to discuss current trends and future projections for synergies in the two industries in Africa. Approximately 120 people attended the breakfast panel. More...