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Malawi Savings Bank definition

Malawi Savings Bank means the bank established by the Recipient under the Companies Act, Chapter 46:03 of the laws of the Recipient, to provide retail banking services, and includes any successor thereto.
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Examples of Malawi Savings Bank in a sentence

  • Domestic resource mobilisation by formal institutions such as the Malawi Savings Bank (MSB), commercial banks and other financial institutions will be encouraged and linked to MFIs so that they can be channelled to the poor.

  • In 2015, the Government of Malawi sold a controlling interest in the Malawi Savings Bank and the government’s residual equity in IndeBank.

  • It was no part of the compromise agreement that the judgments of the Court of Appeal should be suppressed, since neither party had seen the draft judgments at the time they settled their differences.”In this case, it is very clear that the High Court (Commercial Division) was informed, by an application, before judgment was delivered that there was a settlement between Mulli Brothers Ltd and Malawi Savings Bank Ltd.

  • She has also served on Afrox boards within Africa and boards of other entities like National Bank of Malawi, Old Mutual Malawi, Standard Bank Malawi, Malawi Savings Bank, the Privatisation Commission, InfraCo Africa Limited and the Reserve Bank of Malawi.

  • The MFIs differ in size, source of funding, target group, and area of operations.Few MFIs (only the Malawi Savings Bank and Opportunity International Bank of Malawi are registered as banks) and the Malawi Union of Savings and Credit Cooperatives accept deposits.

  • The difference is met by additional financing derived from the proceeds of the privatization of the Malawi Savings Bank.

  • Chikoko (2015) noted that Public Private Partnership Commission realised MWK10.100 Billion as noted below: [At a time government is failing to fund critical public services such as health care, a cool K10.1 billion ($17,124,200) realised from the controversial sales of Malawi Savings Bank and Indebank continues42 Mergers, Acquisitions & Disposals Journal Vol.

  • In a move to encourage smallholder savings, NASFAM is discussing with the Malawi Savings Bank about the possibility of using the bank for individual members to open accounts and save their money with the bank.

  • Sales proceeds of Malawi Savings Bank and Indebank were only MWK10.100 Billion as highlighted in section 2.4 above and this means Government would pump in additionConsideration considerations in acquisitions 45 MWK2.900 billion from other sources as capital contribution of MWK13.000 Billion in MAIIC contrary to the Public Financial Management Act.

  • Any claim that a non-reappointment of a faculty member on tenure track or other non-tenured appointment was in violation of the right of freedom from discrimination specified in Article II, Paragraph E, shall be processed in accordance with Section 1 of this Article VIII.

Related to Malawi Savings Bank

  • Savings bank means a savings bank that is organized under the savings bank act, 1996 PA 354, MCL 487.3101 to 487.3804, or the laws of another state, the District of Columbia, a territory or protectorate of the United States, or of the United States, whose deposits are insured by the Federal Deposit Insurance

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Medical savings account means an account exempt from federal income taxation pursuant to Section 220 of the United States Internal Revenue Code (26 U.S.C. § 220).

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Thrift Plan shall have the meaning set forth in Section 6.1 hereof.

  • Group health plan means an employee welfare benefit plan as defined in section 3(1) of subtitle A of title I of the employee retirement income security act of 1974, Public Law 93-406, 29 USC 1002, to the extent that the plan provides medical care, including items and services paid for as medical care to employees or their dependents as defined under the terms of the plan directly or through insurance, reimbursement, or otherwise.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • ESBD means the Electronic State Business Daily, the electronic marketplace where State of Texas bid opportunities over $25,000 are posted. The ESBD may currently be accessed at http://www.txsmartbuy.com/esbd.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • 401(k) Plan has the meaning set forth in Section 6.10.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Soda fountain means a place especially equipped

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Seller 401(k) Plan has the meaning set forth in Section 6(e) below.

  • Health plan or "health benefit plan" means any policy,

  • Health benefits plan means a benefits plan which pays or

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

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