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LILONGWE. – First Capital Bank Malawi is offering Christmas bonuses to fully vaccinated staff and warned those still holding out against Covid-19 inoculations risk missing out on annual bonuses next year, according to a circular sent to staff

More than half of the lender’s 655 employees have already received shots, according to the November 30 circular by chief executive Jaco Viljoen that was confirmed by group head of marketing and communications, Dennis Mambure.

All inoculated staff who provide vaccination cards to human resources by December 15 will receive two weeks of basic pay as part of this month’s salaries, Viljoen said. 

“The annual performance bonuses are awarded at management’s discretion, and we also advise that, if the bonuses are approved by the board in March 2022, staff who don’t have proof of vaccination will not be eligible for bonus allocation,” according to the letter.

By end-November, Malawi had administered a total 1.41 million vaccine doses and recorded 61 901 confirmed cases of Covid-19, according to the World Health Organisation. Twice, the southern Africa nation has had to destroy thousands of doses that were due to expire after low uptake.

First Capital Bank Malawi is wholly owned by FMBCapital, which also has operations in Botswana, Mozambique, Zambia and Zimbabwe. – Bloomberg