Hope rises for exporting firms
About 150 local small and medium enterprises (SMEs) in export trade have been earmarked to benefit from the $10 million (about K17.5 billion) Africa Trade Exchange (Atex) finacing facility to export their goods to African and Caribbean markets.
The move, courtesy of Egypt-based African Export and Import Bank (Afreximbank) and home-grown FDH Bank plc, which was sealed during the Third Intra-African Trade Fairs in Cairo in November last year, is expected to boost foreign exchange inflows as Malawi continues to grapple with forex scarcity.
Mkulichi: We will reach out to more SMEs
Speaking on the sidelines an Atex breakfast engagement in Blantyre yesterday, FDH Bank plc managing director Noel Mkulichi said the Malawi Stock Exchange-listed bank is hoping to reach out to more SMEs and ...