Lilongwe Archdiocese Shares Details on Investing in Centenary Bank

Archbishop of the Catholic Archdiocese of Lilongwe, His Grace George Desmond Tambala has stated that the lives of Christians can improve if they take advantage of the opportunity to participate in the archdiocese’s shareholding in Centenary Bank.

Archbishop Tambala made these remarks today at Maula Parish during a meeting with Parish leaders, financial officers, and interested laity from various parishes to explain the process of participating in the Archdiocese of Lilongwe’s shareholding in the bank.

His Grace mentioned that the church can progress well if the lives of Christians also improve through their households.

“When people have ownership through this bank, the profit that will come will improve their lives because the development of Christians is also the development of the church,” Archbishop Tambala explained.

According to the Archbishop, the goal of this bank is not just to conduct business, but the profit generated through the bank will greatly help in various sectors such as health and education within the Catholic Church.

Speaking on the same, Chairperson of Finance and Investment Council in the Archdiocese of Lilongwe, William Mwanza, stated that the purpose of the meeting was to explain to Christians the benefits and advantages of participating in the shareholding that the Archdiocese of Lilongwe has in Centenary Bank.

“The minimum that an individual can contribute is 104,000 Kwacha. Parishes are encouraged to contribute a minimum of 1,700,000 Kwacha. We have also provided the timeline for the application process, and we will also reach out to all dioceses in the country.

In his remarks, a member of the finance committee at St Padre Pio Parish, Vincent Waliya, stated that the meeting was very important because it helped them understand the benefits of participating in the shareholding of the Archdiocese of Lilongwe in Centenary Bank.

He added that they will strive to make good decisions and emulate on how people of Uganda are benefiting through Centenary Bank in Uganda.

The Archdiocese of Lilongwe holds 49 percent of shares in the Bank, while Centenary Rural Development Group of Uganda holds 51%.