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by Eric Norman Mkwaira

The Catholic Archdiocese of Lilongwe has launched the Centenary Bank Limited at the Archdiocesan level on Saturday 15^th April 2023 at Maula Podium in Lilongwe.

 

The launch started with the Eucharistic Celebration which was presided over by the Archbishop of the Catholic Archdiocese of Lilongwe His Grace George Desmond Tambala as main celebrant with the Auxiliary Bishop for the Catholic Diocese of Chipata Bishop Gabriel Msipu Phiri and Bishop for the Catholic Diocese of Dedza Right Rev. Peter Adrian Chifukwa as co-celebrants.

His Grace Archbishop George Tambala emphasized the launch as a chance to give Malawian citizenry better products and services as the bank will give the citizenry a chance to improve their livelihoods.

In his homily, His Grace George Tambala said the Catholic Church cannot invest in anything that can cause harm to the people but uplifting the lives of people and giving alternatives in terms of social participation.

 

“We as Catholics don’t just invest in any place… The Catholic church does not invest in anything that does harm to people and as an example, like if there is a factory that is making arms. We can’t invest in that kind of thing because at the end the people will lose their lives,’’ said His Grace.

The vice president of the republic of Malawi Dr Saulos Claus Chilima was the guest of honor.

Chairman of the board of directors at the Centenary Bank Limited Dr Francis Pelekamoyo added that they are aiming to go and reach all hard-to-reach areas in the country so that the citizenry can have full access of bank services.

Dr Pelekamoyo added that they want to start giving financial tips to the people so that they can manage well their finances.

 

“We want to undertake financial literacy. We don’t just talk about banking, but we also provide financial literacy to our customers so that they know what they should do with the money lent to them,” he added.

 

He said the bank will reach all the people by using parishes which the Catholic church has in the country thereby creating the wide network to the citizenry.

 

At the event many people managed to open their bank accounts as there were many workers from the bank who were helping in getting them open their accounts.

 

The Archdiocese of Lilongwe and the Centenary Rural Development Group Limited of Uganda bought MyBucks Bank and rebranded it to Centenary Bank Limited.