FDH Bank has reaffirmed its commitment to supporting Malawi’s national development after committing K100 billion towards the rehabilitation of the Golomoti–Mangochi Road, a strategic infrastructure project expected to improve transport, stimulate tourism, and strengthen economic growth.
Speaking during the official launch of the road construction project on Thursday, FDH Bank Chief Executive Officer William Mpinganjira described the road upgrade as a significant investment that will unlock the economic potential of Mangochi and surrounding areas.FDH CEO William Mpinganjira among 50 Most Reputable CEOs in Africa
Mpinganjira said the deteriorating condition of the Golomoti–Mangochi Road had discouraged many local and international visitors from travelling to Mangochi, one of Malawi’s leading tourism destinations. According to him, the poor state of the road had also affected businesses that depend on tourism, hospitality, fishing, agriculture, and trade.
He expressed confidence that rehabilitating the road will make travel safer, faster, and more convenient while encouraging more tourists and investors to visit the lakeshore district.
The FDH Bank CEO revealed that the bank has provided K100 billion to support the implementation of the project, demonstrating the financial institution’s commitment to financing transformative infrastructure that delivers long-term benefits to communities and the national economy.
He further appealed to the contractor responsible for the works to ensure the project is completed within the agreed timeframe and according to the required standards, saying timely completion will allow Malawians and visitors to begin enjoying the benefits without unnecessary delays.
The Golomoti–Mangochi Road is regarded as one of Malawi’s most important transport corridors, linking central and southern regions while providing access to popular tourist destinations along Lake Malawi. Once completed, the upgraded road is expected to reduce travel time, lower vehicle operating costs, improve road safety, and enhance the movement of goods and services.FDH Bank touts Instaloan on easing financial pressure for Malawians
The project is also anticipated to stimulate investment in hotels, lodges, restaurants, transport services, and other tourism-related businesses, creating new employment opportunities for local communities and strengthening Malawi’s position as a competitive tourism destination in the region.
Government officials, business leaders, and local communities have welcomed the commencement of the project, expressing optimism that the upgraded road will play a vital role in accelerating economic growth, improving connectivity, and supporting sustainable development.
With FDH Bank’s substantial financial contribution and the start of construction works, stakeholders believe the Golomoti–Mangochi Road project marks another important step towards modernising Malawi’s transport infrastructure and unlocking the full economic and tourism potential of the lakeshore region.
