National Bank of Malawi donates K5 million to support Microfinance Network’s Annual Conference

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.

• NBM plc, Akiba strengthen Tanzania-Malawi investment ties
  Share Listen to this article By Suleman Chitera National Bank of Malawi (NBM) plc, through its strategic investment in Akiba Commercial Bank (ACB) of Tanzania, has reaffirmed its commitment to strengthening cross-border trade and investment between Malawi and Tanzania. Read moreNEEF Customers Demands Their Deposit BackThe two financial institutions participated in the Tanzania–Malawi Investment Forum…
• Kaduwa Imperial Hotel to Host Bwalo 02 Poetry and Music Event
  Share Listen to this article By Brighton Tchongwe Kaduwa Imperial Hotel in Lilongwe is set to host a poetry and music event dubbed “Bwalo 02 – Mbiri Ndi Nyimbo” on Saturday, September 19, 2026. Read moreZuneth Sattar’s investigation: Why is ACB only exposing suppliers while hiding officers who awards contracts?The event aims to celebrate Malawi’s…
• Archbishop Msusa’s prophecy has come to pass
  Share Listen to this article By Vincent Gunde Archbishop Thomas Msusa of the Blantyre Archdiocese once assured Malawians that there was God in the Chikangawa forest who saw everything and time will come for Malawians to know who this God was. Read moreZuneth Sattar’s investigation: Why is ACB only exposing suppliers while hiding officers who…
• Duwama’s Journey: From Being the Only Girl in Class to a Full Secondary School Scholarship
  Share Listen to this article By Suleman Chitera MANGOCHI, MALAWI — For Duwama Muhammad, completing primary school was more than an academic achievement. It was a journey of determination, resilience and hope in an environment where many girls around her were unable to remain in school. Read moreChakwera engages Lubeck University on fight against non…
• Kayira Shot During Operation to Rescue Abducted British National Nusrat Osman
  Share Listen to this article By Malawi Freedom Network BLANTYRE — Deputy Inspector General of Police Noel Mlowoka Kayira was reportedly shot during a police operation that successfully rescued abducted British national Nusrat Jiwa Osman, 47, who had been missing for six days. Read moreBiography Of Dr Thomson MpinganjiraOsman was abducted in the Mount Pleasant…

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.

Read also: Aford To Conduct Convention Early Next Year

Read also: Ministry of Health Defends Mass Interviews as Practical Approach to Healthcare Recruitment

Read also: CEWAG advocates for empowerment of women and girls to combat gender-based violence