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Old Mutual unveils TimbaPlus

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Old Mutual has unveiled TimbaPlus, a product that offers funeral risk mortality-only cover for the parents of the policy holder and their spouses, which is an additional service to the Timba Family plan launched last year.


In line with calls by Reserve Bank of Malawi and key stakeholders in financial sector that advocates for a saving culture in the country, Tikondane Village Bank in Blantyre has posted K1.4 million. According to the group’s treasurer Ireen Zinchi Namuli, the group has managed to raise such a profit through discipline that was inculcated in group members.

The Reserve Bank of Malawi says it is spending K12 billion annually to replace damaged bank notes.

Standard Bank has finally rounded up its Pa Mawa promotion exercise with prize money of over 5.5 million given to lucky customers that took part in the promotion.

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