By Burnett Munthali

The National Bank of Malawi plc has donated K5 million to the Malawi Microfinance Network (MAMN) to support their upcoming annual conference, scheduled to take place from October 17th to 19th this year.

• SKC Mausoleum unveiling June 13
  By Suleman Chitera A Mausoleum for the late Vice President Saulos Chilima will be unveiled on 13 June 2026 at his resting place, Nsipe, Ntcheu, two years after he tragically lost his life in a plane crash in Mzimba. Also Limpopo FM welcomes MCP out of Chilima’s inquiry Chairperson of the Organising Committee of the… Read more: SKC Mausoleum unveiling June 13
• NBM plc supports MDF Sports Festival with K5.5 million
  By Suleman Chitera Read this NBM plc repositions ‘NBM Smart Cover’ to ease upfront insurance costs National Bank of Malawi (NBM) plc has contributed K5.5 million towards this year’s Malawi Defence Force (MDF) Annual Sports Festival currently underway at the Malawi Armed Forces College (MAFCO) in Salima. The week-long festival which started on Monday, has… Read more: NBM plc supports MDF Sports Festival with K5.5 million
• Malawi Government Introduces New Traffic Fines Amid Public Outcry
  By Suleman Chitera The Malawi Government has come under intense criticism following the introduction of new road traffic fines, a move many citizens describe as harsh and insensitive amid the country’s worsening economic hardships. Also APM Leadership Revitalising the Economy, Says Mwanamvekha The revised traffic penalties, which target various road offences including speeding, expired vehicle… Read more: Malawi Government Introduces New Traffic Fines Amid Public Outcry
• Why Malawians Are Angry Over Fuel Price Hike
  By Suleman Chitera Malawians across the country are expressing growing frustration and anger following the latest fuel price hike, with many describing the development as another heavy burden on already struggling households and businesses Read this Breaking News: Fuel Price Increase Temporary, Says Analyst Suleman Chitera The increase in fuel prices has triggered widespread concern… Read more: Why Malawians Are Angry Over Fuel Price Hike
• Nkhotakota Set for Football Excitement as Ibrahim Swed Launches K9 Million “SUWEDI CUP” Tournament
  By Suleman Chitera Nkhotakota District is set to witness a new era of grassroots football development following the launch of the highly anticipated “SUWEDI CUP,” a football tournament initiated by renowned businessman and sports enthusiast Also Business Tycoon Swedi Slaps K934 Million Lawsuit Over Vandalism The tournament is scheduled to officially kick off this Saturday,… Read more: Nkhotakota Set for Football Excitement as Ibrahim Swed Launches K9 Million “SUWEDI CUP” Tournament

During the handover ceremony, Monica Zinyemba, the National Bank of Malawi’s Account Relationship Manager, emphasized the importance of micro and small medium enterprises (SMEs) in driving economic development in Malawi. She highlighted that the bank’s support reflects its commitment to fostering economic growth through empowering smaller enterprises.

“Micro and small medium enterprises are vital to the growth of our country’s economy, and National Bank of Malawi is proud to support initiatives that help them thrive,” Zinyemba said.

This year’s donation of K5 million surpasses last year’s contribution, where the bank donated K4.5 million to support the 2023 annual conference.

Duncan Phulusa, Chief Executive Officer of the Malawi Microfinance Network, expressed optimism about the success of this year’s conference, acknowledging the increased participation of key stakeholders. Phulusa noted significant progress in the sector, with the number of individuals accessing loans rising from 600,000 last year to 1 million this year. Additionally, the number of microfinance institutions has grown from 80,000 to 110.

Phulusa also emphasized the critical role that agriculture plays in Malawi’s economy, highlighting the need to further support small and medium enterprises to enhance the agricultural sector’s contribution to national growth.

The annual conference is expected to provide a platform for sharing ideas, strengthening collaborations, and discussing ways to improve access to finance for SMEs and underserved communities in Malawi.