Category: News

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.

  • 𝐀𝐏𝐌’𝐬 𝐅𝐢𝐫𝐬𝐭 𝐌𝐨𝐧𝐭𝐡: l𝐞𝐚𝐧 c𝐚𝐛𝐢𝐧𝐞𝐭, f𝐢𝐫𝐦 d𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞, 𝐚𝐧𝐝 𝐚 f𝐨𝐜𝐮𝐬 𝐨𝐧 d𝐞𝐥𝐢𝐯𝐞𝐫𝐲

    𝐀𝐏𝐌’𝐬 𝐅𝐢𝐫𝐬𝐭 𝐌𝐨𝐧𝐭𝐡: l𝐞𝐚𝐧 c𝐚𝐛𝐢𝐧𝐞𝐭, f𝐢𝐫𝐦 d𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞, 𝐚𝐧𝐝 𝐚 f𝐨𝐜𝐮𝐬 𝐨𝐧 d𝐞𝐥𝐢𝐯𝐞𝐫𝐲

    President Arthur Peter Mutharika’s first month back in office has set a decisive tone for his new administration — one defined by efficiency, merit, and zero tolerance for disorder.

    In just a few weeks, APM has begun delivering on key campaign promises while restructuring government to operate with greater focus and accountability.

    𝘈 𝘓𝘦𝘢𝘯, 𝘌𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘵 𝘊𝘢𝘣𝘪𝘯𝘦𝘵

    In a move that has drawn praise from governance and economic analysts, President Mutharika has unveiled a lean Cabinet, merging several ministries with overlapping functions. The entire Cabinet comprises 17 full Ministers, 4 Deputies and a Presidency of three. The Ministry of Agriculture has been combined with the Ministry of Water and Sanitation to form the new Ministry of Agriculture, Irrigation and Water Development, while the Ministry of Finance, Economic Planning, and Decentralization have been consolidated under a single economic portfolio; while Industrialization, Business, Trade and Tourism also fall under one ministry.

    The President has described the changes as part of his broader plan to “cut duplication, improve coordination, and make government work smarter.” With streamlined ministries, the administration expects faster decision-making and reduced expenditure on administrative overheads.

    “The cabinet will be really small. There are many capable people who won’t be part of it. But those of you in it, if you don’t perform, I’ll fire you without hesitation,” declared President Peter Mutharika, upon his arrival in Lilongwe on 28 October.

    𝘔𝘦𝘳𝘪𝘵 𝘖𝘷𝘦𝘳 𝘗𝘰𝘭𝘪𝘵𝘪𝘤𝘴

    APM’s appointments have emphasized specialization rather than political reward. Several ministers and senior officials are professionals with strong backgrounds in their respective fields — economists, engineers, educationists, and legal experts — chosen for competence and proven track records. This move marks a shift from patronage-driven appointments toward a results-oriented public service.

    “This government will be driven by expertise and discipline,” Mutharika said during a recent Cabinet swearing-in ceremony. “We cannot afford inefficiency when Malawians expect delivery.”

    𝘌𝘢𝘳𝘭𝘺 𝘋𝘦𝘭𝘪𝘷𝘦𝘳𝘺 𝘰𝘯 𝘊𝘢𝘮𝘱𝘢𝘪𝘨𝘯 𝘗𝘳𝘰𝘮𝘪𝘴𝘦𝘴

    Within weeks, Mutharika has begun fulfilling major campaign pledges. Chief among them was his promise to AFORD president Enock Chihana, now officially sworn-in as Second Vice President — signaling a commitment to inclusive governance. The administration has also committed to roll out Free Secondary School Education by January, a policy expected to expand educational access and ease financial strain on thousands of households.

    The initiatives, observers say, reflect a leader keen to demonstrate that promises made are promises kept.

    𝘙𝘦𝘵𝘶𝘳𝘯𝘪𝘯𝘨 𝘐𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘪𝘰𝘯𝘴 𝘵𝘰 𝘛𝘩𝘦𝘪𝘳 𝘌𝘴𝘵𝘢𝘣𝘭𝘪𝘴𝘩𝘦𝘥 𝘚𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦𝘴

    Another significant development has been the relocation of select government institutions back to Blantyre and Zomba, a move aimed at decentralizing public administration and revitalizing the old and commercial capital’s role in national development. The President has stressed that this decision is grounded in practicality and service efficiency, not politics.

    𝘋𝘪𝘴𝘤𝘪𝘱𝘭𝘪𝘯𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘙𝘶𝘭𝘪𝘯𝘨 𝘗𝘢𝘳𝘵𝘺

    Mutharika has also drawn a firm line against lawlessness among Democratic Progressive Party (DPP) youths. He has warned that his government will not tolerate disorder, intimidation, or violence, even from within party ranks. “No one will be protected for breaking the law,” he declared — signaling a break from the culture of impunity often associated with political youth groups.

    𝘚𝘦𝘤𝘶𝘳𝘪𝘯𝘨 𝘢 𝘓𝘦𝘨𝘢𝘤𝘺 𝘰𝘧 𝘎𝘰𝘰𝘥 𝘎𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦

    Analysts note that the President’s focus on efficiency, professional appointments, and fiscal discipline suggests a deliberate effort to secure a legacy rooted in good governance. His insistence on accountability and delivery is setting the tone for what could be a transformative term in office.

    As his first month concludes, APM’s message remains clear: this administration will prioritize performance over politics, efficiency over excess, and integrity over influence. Whether these early reforms will translate into lasting institutional change remains to be seen, but the foundations for a disciplined and goal-driven government are already being laid.

  • Parliament to open without leader of opposition as MCP snubs Chakwera’s choice

    Parliament to open without leader of opposition as MCP snubs Chakwera’s choice

    President Peter Mutharika will today open Parliament without the Leader of Opposition (LoP).

    This follows a letter which the main opposition Malawi Congress Party (MCP) has written the Clerk of Parliament that the Party is expected to hold elections of Parliamentary leadership on Saturday.

    This means that MCP president Lazarus Chakwera’s appointment of Simplex Chithyola as LoP and Moses Kunkuyu as Chief Whip has faced resistance.

    “Following the direction from the Right Honourable Speaker on party parliamentary leadership, we would like to communicate that Malawi Congress Party parliamentary party will conduct its election on Saturday, 1st November 2025. We will communicate the same to your good office on Monday, 3rd November 2025.

    “As you would appreciate the political Parties Act recognizes the Secretary General of a party as the Chief Executive Officer of any party and hence the focal point in terms of any communication. You will therefore hear from the office of the Secretary General of Malawi Congress Party on the same,” reads part of the letter from MGP deputy general secretary Gerald Kazembe, to Speaker of Parliamentary Sameer Suleman

  • Mutharika congratulates Suleman, others

    Mutharika congratulates Suleman, others

    President Peter Mutharika has congratulated ruling Democratic Progressive Party (DPP) Blantyre City Chigumula BCA-Club Banana Constituency legislator Sameer Sulemanfor his election as as Speaker of the National Assembly.

    He has also extended the goodwill message to Mulanje Bale constituency MP, who has been elected First Deputy Speaker and Machinga East MP Esther Jolobala for clinching MP for the position of Second Deputy Speaker.

    “When I nominated the three Honourable members for these positions, I did so with full confidence in their leadership qualities and capabilities, which they have consistently demonstrated through various portfolios they have held over the years.

    “In Honourables Suleman, Musowa and Jolobala, I  see a capable team to steer deliberations in the house for the betterment of our mother Malawi. To you Honourable Speakers, this is your moment to serve and shine. Be assured of my full support as you assume office as heads of the legislative arm of government. Once again, congratulations and best wishes,” Mutharika wrote on his official Facebook Page.

    Suleman secured 134 votes, defeating Peter Dimba, Member of Parliament for Lilongwe Phirilanjuzi, who garnered 85 votes.

    Meanwhile, President Peter Mutharika is expected to open the First Meeting of the 52nd Session of Parliament on Friday, 31st October, 2025,  at 10:00 a.m.

  • Airtel Malawi Shines at 2025 IMM Marketing Excellence Awards

    Airtel Malawi Shines at 2025 IMM Marketing Excellence Awards

    Leading telecommunications company, Airtel Malawi has reaffirmed its leadership in innovative marketing after scooping four awards at the 2025 Institute of Marketers in Malawi (IMM) Marketing Excellence Awards held in Salima over the weekend.

    The recognitions highlight the company’s continued commitment to creative, strategic, and culturally relevant campaigns that connect deeply with Malawians.

    The telecommunications company won Outdoor Campaign of the Year for ChezaFaya Combo Bundles, Social Media Campaign of the Year and Marketing Campaign of the Year for Airtel Top 8, and Marketer of the Year, awarded to its Head of Brand and Communication, Norah Chavula Chirwa.

    The Airtel Top 8 campaign was the biggest winner of the night, taking home two awards for its innovative, data-driven execution. The campaign transformed a football tournament into a nationwide digital and commercial success, generating over 11 million views and K216 million in total gate revenue. Of this amount, K72.6 million was transacted via Airtel Money during the record-breaking finals at Bingu National Stadium.

    Airtel’s Head of Brand and Communication, Norah Chavula-Chirwa, was named Marketer of the Year for her exceptional leadership and strategic vision.

    She has driven exponential growth across campaigns such as Airtel Top 8, ChezaFaya Combo Bundles, and MoFaya Data Bundles. Her ability to merge cultural insight, digital innovation, and commercial goals has made her one of Malawi’s most influential marketing figures.

    Airtel Malawi Managing Director Aashish Dutt described the awards as a reflection of the company’s deep connection with Malawians.

    “These awards reflect our commitment to connecting with Malawians through culture, technology, and innovation. We’re proud of our team’s creativity and the impact our campaigns continue to make in fostering connectivity for all Malawians,” Dutt said.

    He added that the four awards stand as a testament to Airtel’s marketing excellence and its role in building a more connected Malawi.

  • Old Mutual commemorates International Customer Service week in style 

    Old Mutual commemorates International Customer Service week in style 

    Old Mutual, a leading financial services provider, joined the rest of the world in commemorating the International Customer Service Week (ICSW) which falls on the first week of October every year.

    Customers who visited Old Mutual offices participated in araffle draws where the lucky winners walked away with various tokens of appreciation. Old Mutual Staff marked the commemorations with daily themed dress days, reflecting the company’s customer-first culture and bringing fun and vibrancy to the workplace.

    Speaking during the commemorations, Old Mutual Malawi Customer Experience Executive Sophie Nkonjera said the week provided an opportunity to further engage and thank customers for their trust.

    “We thought of taking advantage of this time to continue engaging our important stakeholder, the customer. This is a way of showing that we are committed to delivering exceptional customer service that transforms lives, exceeds expectations, and leaves a lasting impact”

    According to Nkonjera, ICSW also provided an opportunity for the business to thank its staff particularly customer-facing Facing teams, who are dedicated to supporting customers and other stakeholders.

    “As part of our ongoing commitment to service excellence, we introduced the CX Master Class, empowering every team member with advanced tools and techniques to manage customer interactions with empathy, precision, and efficiency,” Nkonjera noted “We remain focused resolving issues swiftly, fairly, and transparently thus helping our customers achieve their lifetime l goals and invest in a brighter futures”

    This year’s ICSW was celebrated under the theme “Mission Possible.”

    With over 70 years in Malawi, Old Mutual continues to offer trusted financial solutions in Savings, Investments, Asset management, Pensions, and end-to-end funeral services, empowering customers to build and protect their financial well-being.

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  • All set for the 2025 Old Mutual Pension Trustees conference

    All set for the 2025 Old Mutual Pension Trustees conference

    All roads lead to Mangochi next month as preparations reach their peak for the 2025 Old Mutual Pension Trustees Conference, scheduled for 6th to 8th November 2025 at Sunbird Nkopola Lodge.

    The high-level gathering, themed “Shaping the Future of Pensions: Resilience, Sustainability, and Innovation,” is set to attract some of the most influential voices in the region’s financial services and pension sectors.

    Organized under the guidance of the Registrar of Financial Institutions, the summit will convene pension trustees, fund managers, policy experts, and regulators to deliberate on the evolving pension landscape and the future of social protection in Malawi.

    Speaking ahead of the summit, Tawonga Manda, General Manager of Old Mutual Pension Services, said the theme strongly resonates with current national and global economic realities.

    “We are in an era that demands forward-thinking and sustainable pension systems. The summit will focus on how we can make Malawi’s pension sector more resilient, innovative, and responsive to the needs of both current and future retirees,” he said.

    Key topics to be discussed include regulatory reforms, sustainable investments, governance, and crisis resilience.

    The Director of Pension and Insurance Supervision at the Reserve Bank of Malawi, Kaluso Chihana, will open discussions with a session on “Landscaping for Future Reforms,” highlighting how stakeholders can prepare for and influence upcoming changes in the regulatory and policy framework.

    A highly anticipated panel on “Are Guarantees Important for Contributory Pension Funds?” will feature distinguished experts including Mark Mikwamba, Lorraine Mlenga, Stephen Walker (South Africa), Stain Singo, and Prosper Matiashe (Zimbabwe) — promising an engaging debate on the real value and cost of guarantees in pension fund design.

    In line with global sustainability priorities, Mphatso Kasalika will lead a session on “Sustainable and Impactful Investing,” exploring how pension funds can align investments with environmental, social, and governance (ESG) principles, as emphasized in the Pensions Act of 2023.

    Other notable sessions include:

    “Succession Planning and Governance” by Pempho Likongwe

    “Crisis Management and Resilience” by Busani Ngwenya (Zimbabwe)

    “Trends and Innovations in Pension Fund Governance” by Dr. Wisely Phiri (Malawi) — examining how technology and innovation are transforming pension fund management across Africa.

    Set against the serene backdrop of Lake Malawi, the summit promises a perfect blend of knowledge sharing, strategic dialogue, and networking opportunities.

    For many players in the pensions and financial services industry, the event is being hailed as the must-attend conference of the year — a platform to reflect, learn, and shape the direction of Malawi’s pension future.

    As Malawi continues its journey toward greater financial inclusion and retirement security for all, this summit serves as a powerful reminder that the future of pensions depends on the vision, collaboration, and innovation we embrace today.

    Old Mutual remains committed to championing financial inclusion and securing the future of every Malawian. Through platforms such as the National Pension Summit, we reaffirm our role as a trusted partner in building resilient and sustainable pension systems — fully aligned with the aspirations of the Malawi 2063 Agenda.

     

  • Select Financial Services urges collaboration to boost financial inclusion

    Select Financial Services urges collaboration to boost financial inclusion

    Select Financial Services, one of Malawi’s lending institutions, has called for stronger collaboration between the government and the microfinance sector to sustain financial inclusion amid Malawi’s current economic challenges.

    Founded in 2007, Select Financial Services provides credit and financial solutions to both public and private sector employees.

    The company’s Chief Executive Officer (CEO), Akuzike Kafwamba said that despite inflationary pressures and currency fluctuations, the microfinance sector continues to play a vital role in helping Malawians build financial resilience, hence the need for collaboration.

    “We have seen how access to affordable financial services can transform lives. Our focus remains on providing practical solutions that help individuals and businesses stay afloat, even in difficult economic times,” said Kafwamba.

    Kafwamba said the institution’s 17 years of experience have deepened its understanding of Malawi’s financial realities, enabling it to serve clients often excluded by traditional banking systems.

    “Our goal is not only to lend money but to empower people with financial knowledge and tools that promote stability and growth,” said Kafwamba.

    He urged policy makers to establish frameworks that support innovation, reduce barriers to access, and promote collaboration between regulators and financial service providers.

    “If we work together, government, private sector, and communities, we can build a more inclusive financial system that works for every Malawian,” added Kafwamba.

    A finance expert and senior lecturer in accounting and finance at Millennium University, Richard Tembo commenting on the matter, stressed Select Finance Services’ call on the importance of collaboration between the government and microfinance institutions.

    “The government provides policy direction and ensures financial stability, while microfinance institutions turn those policies into real financial access for people. Working together ensures support mechanisms like consumer protection, financial literacy programs, and responsible lending standards are well aligned.”

    “During economic turbulence, timely access to small loans allows households to manage shocks, maintain consumption, and invest in small ventures. That’s where institutions like Select come in handy,” said Tembo.

    Select Financial Services operates in all the four regions in Malawi and is part of the broader Select Africa Group, which offers microfinance products in multiple African countries including Lesotho, Eswatini, Kenya, Uganda, and Namibia.

  • NBM Development Bank secures grant funding from Scottish govt

    NBM Development Bank secures grant funding from Scottish govt

    NBM Development Bank Limited (NBMDBL), a development finance institution and subsidiary of National Bank of Malawi (NBM) plc, has secured a grant of about £900,000 over a period of three years from the Scottish Government through its investment vehicle, The African Lakes Company Limited (ALC).

    From the grant, NBMDBL will manage ALC special fund aimed at supporting women-led enterprises over a three-year period.

    According to NBMDBL General Manager, Bernard Masi the first tranche of the grant for £265,000 is to be disbursed within the month of October.

    “This is a matching grant designed to provide patient capital, including equity to women owned businesses thereby scaling up their business activities. The funding shall be availed to businesses operating in various sectors namely Agribusiness (mechanization and value addition), health, education, ICT, mining, energy and tourism,” he said.

    Masi described the grant and partnership as a strong endorsement of the Bank’s impact in supporting entrepreneurs.

    “We just don’t provide capital, we create viable SME businesses and provide hope to many entrepreneurs in these turbulent times,” said Masi.

    ALC Managing Director, Bobby Anderson confirmed about the funding and expressed excitement to be working with the NBMDBL.

    “We expect this new partnership between ALC and NBMDB will grow in the years ahead. Working together will be vital as we will provide debt and equity investment to existing businesses led by women who are seeking access to capital to grow.”

    “In this way we hope our joint project, led by the dedicated staff of NBMDBL on the ground rather than by a foreign NGO, will contribute significantly to Malawi’s development goals,” said Anderson.

    On the sidelines of the partnership, last weekend NBM plc officials, led by Chief Operating Officer Masauko Katsala had an audience with the Scottish First Minister John Swinney to give a brief on the strides made in supporting SMEs in the country.

    Others who attended the meeting included Masi and NBMDBL Chief Operating Officer Esnat Kamudoni.

     

  • Buying Votes, Selling Democracy: The hidden cost of Malawi’s political handouts

    Buying Votes, Selling Democracy: The hidden cost of Malawi’s political handouts

    By Anthony Midwa Manda:

    One month after Malawi’s general elections on September 16, a troubling trend continues to cast a shadow over the country’s democratic process.

    Despite clear provisions in the Political Parties Act of 2018 prohibiting the distribution of political handouts, major parties are allegedly offering cash, food, and other goods to entice voters — a practice that threatens to turn democracy into a marketplace.

    Section 27 of the Political Parties Act explicitly bans political parties from giving out handouts during campaign rallies.

    Yet, eyewitnesses and community members say the law is being openly flouted by major political players including the Democratic Progressive Party (DPP), Malawi Congress Party (MCP), People’s Party (PP), and People’s Development Party (PDP).

    John Khulive from Zomba says he was promised K100,000 to attend an MCP rally in Mangochi but only received K4,000.

    “We were told we’d be paid well, but they gave us only four thousand kwacha, which was not what we agreed on. They forgot that we are the ones who were going to vote,” Khulive said.

    Similarly, Esther Katumbu, a 35-year-old woman from Chomba Village in Mangochi, received flour and salt from Mangochi malombe constituency shadow Mp for Peoples Party  (PP) Ivy Faith Sande during the campaign period.

    “I didn’t know receiving such gifts is wrong,” she said. “This is the only time we benefit, because after elections they disappear.”

    In Kasungu, villagers like Loyce Manda received two bags of maize distributed by local leaders — an act seen as an attempt to influence votes ahead of the polls.

    “We thought this was Mtukula Pakhomo, which we were supposed to receive in January,” she said. “But to our surprise, we received the maize in September, just two weeks before elections.”

    In Blantyre’s Chemusa Township, tensions erupted when supporters returning from a PDP rally fought over unfulfilled cash promises.

    “The truck stopped to drop off supporters, but they were shocked not to receive the promised K5,000. That’s when the misunderstanding started,” an eyewitness said.

    Findings by Chisankho Watch, a coalition of civil society groups on elections observer team indicated that the official campaign period for the September 16 General Election was marred by intimidation, widespread violence vote-buying and creation of political ‘no-go zones.

    The report showed that there were targeted electoral malpractices and documented eight verified critical incidents and widespread systemic issues such as handouts and abuse of State resources across multiple districts.

    Chisankho Watch board chairperson Gilford Matonga told the Nation Newspaper in July that while the incidents were not uniform nationwide, they represent dangerous hotspots.

    On handouts, the report said 16 percent of observers recorded candidates or parties distributing money, food, or gifts at rallies. The practice was specifically noted in Lilongwe, Nkhata Bay, Blantyre, Salima, Mwanza and Balaka.

    Speaking at Mzoma in Mzimba district during a political debate for members of parliament in August this year, National Initiative for Civic education NICE public trust executive director Grey Kalindakafe also shared his concerns on handouts from politicians during the campaign period stating that it is against the electoral laws.

    However, Registrar of Political Parties, Kizito Tenthani, confirmed receiving numerous complaints related to campaign handouts.

    “We have received over 180 complaints related to handouts and other campaign violations. Investigations are underway, and some cases have already been resolved. We’ll share our findings with the country soon,” Tenthani said.

    Legal expert Dr. Bernadette Malunga expressed concern over the lack of enforcement, saying that failure to act will only encourage future violations.

    “What the registrar does now will set a precedent for future elections. There must be proper investigations and consequences,” she emphasized.

    Political and governance commentator Dr. George Chaima went further, warning that corruption has become normalized in Malawi’s politics.

    “The problem is we’re normalizing corruption. If the law were enforced, people would fear breaking it. We need leaders chosen for their vision, not their wallets,” Dr. Chaima said.

    The high cost of running political campaigns in Malawi — estimated at over K50 million for viable candidates — has created an uneven playing field. Only those with significant financial resources can compete effectively, leaving capable but poorer candidates sidelined. These dynamic risks transforming elections into auctions where wealth, not merit, determines leadership.

    In Mangochi South Constituency, DPP’s Ibrahim Mtukanika Rodrick has contested election results, alleging that the winning candidate, Bilal Mussa Tambuli, engaged in unlawful practices. This is just one of many cases now before the courts, as candidates seek justice over alleged electoral misconduct.

    Vote-buying is not unique to Malawi. Across Africa — in countries like Nigeria and Kenya — politicians frequently use handouts to manipulate voters. The pattern reflects a deeper problem: the commodification of democracy itself.

    Experts say Malawi must strengthen the enforcement of the Political Parties Act, prosecute offenders, and invest in civic education to empower voters to reject transactional politics. Until then, Malawi’s democracy remains vulnerable to manipulation — and its elections for sale to the highest bidder.

     

  • Scottish First Minister hails NBM Development Bank model

    Scottish First Minister hails NBM Development Bank model

    Scottish First Minister, John Swinney has commended the development bank model being championed by NBM Development Bank Limited to support the growth of Small and Medium Enterprises (SMEs) for greater impact in their respective societies in the country.

    Swinney made the remarks after meeting directors and officials from NBM Development Bank Ltd, and other SMEs in the country on Sunday in Blantyre, to appreciate their business ideas and progress.

    NBM Development Bank Ltd is a subsidiary of National Bank of Malawi (NBM) plc.

    It is a Development Finance Institution licensed by the Reserve Bank of Malawi (RBM), established as a long-term financing arm of NBM plc for small to medium sized enterprises (SMEs).

    “I support the development bank model because it provides an opportunity for SMEs to grow by accessing financial support which is not the same as loans from commercial banks. Scotland is committed to supporting Malawi in areas like health, education, and climate change mitigation through collaborative projects, including support for grassroots initiatives and rural development.”

    “Our government is committed to investing in projects that build capacity and attract further investment,” said Swinney.

    NBM plc Chief Operations Officer (COO) Masauko Katsala, who is also one of the NBM Development Bank Ltd Directors, commended the Scottish First Minister for granting them an audience, while pleading for more support to continue with their mission of empowering the local SMEs.

    “The Development Bank provides debt and equity capital to SMEs within key target sectors, and also assists these enterprises with business support services in order to assure viability of the enterprises. The Bank also assists these enterprises with business support services in order to assure viability of the enterprises.”

    “The distinguishing feature of our financing model against commercial bank’s lending is that all applications have to demonstrate a development impact in terms of promoting environmental and social economic sustainability like financing of clean energy products and financing of projects that create jobs,’’ said Katsala.

    Katsala said the Bank has already financed some women-led projects which are doing well, and that also demonstrates NBM plc’s commitment to empowering women in the country.