Malawi Government Gazette dated 2015-07-01 number 32

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GAZETTE EXTRAORDINARY
THE MALAWI GOVERNMENT GAZETTE
(Published by Authority)
3,282: Vol. L1I No. 32] Zomba, 1st July, 2015

Registered at the G.P.O. as a Newspaper Price: K200.00

CONTENTS Page

Ministry of Finance—Notice of Recapitalization of Malawi
Savings Bank Limited............................. 341

General Notice No. 62

MINISTRY OF FINANCE

In the Matter of the Recapitalization of Malawi Savings Bank
Limited

The Ministry of Finance wishes to inform the general public that as
part of the recapitalization of the Malawi Savings Bank Limited (MSB),
the Government of Malawi has set up a Special Purpose Vehicle, in order
to efficiently recover the toxic assets from MSB borrowers, and to utilize
the recovered proceeds towards the redemption of the promissory notes
which were issued by Government to MSB.

A company has thus been incorporated in accordance with the
Companies Act (Cap 46:03). The Company is called MSB Debt Collection
Company Limited (the “Company”) incorporated on the 30th day of June,
2015 as a company limited by Guarantee.

The following are the First Directors of the Company—

Mr. Chadwick Mphande

Mr. Modecai Msisha, sc

Mr. Khuze Kapeta, sc

Mr. Chifundo Asedi

Dated this 30th day of June, 2015.
Ronald Mangani
Secretary to theTreasury

Printed and published by the Government Printer, Zomba, Malawi—25745