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Two of Malawi’s smallest banks, New Finance Bank (NFB) and Opportunity Bank, will merge to meet the central bank’s capital requirements, the lenders said on Friday.
Carlsberg Group has signed an agreement regarding the sale of its 59% share of Carlsberg Malawi Limited (CML, previously The Bottling and Brewing Group Limited) to Castel Group.
Malawi's central bank kept its benchmark lending rate unchanged at 27 percent on Friday saying it would continue to monitor food inflation and economic growth in the midst of a severe drought that has ravaged its key agriculture sector.
Malawi's consumer inflation quickened to 23.5 percent year-on-year in December from 22.9 percent the previous month, the statistics office said in a statement on Friday.
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