Service Centre Manager for Mulanje service centre Ms Tamara Mtuwa hands over the equipment to the District Health Officer Dr Khuliana Kabwere

“We are aware that many hospitals in our country are running on minimal medical supplies. The doctors and other health personnel work as hard as they can to supply the best care available, but often, it’s not enough. In considering this, it pleased the bank’s management to approve the request that we received from the hospital that we assist with medical equipment.

The shortage of functional medical equipment is a critical barrier to meeting the health-related Millennium Development Goals (MDGs). Lack of quality medical equipment or poor state of medical equipment is a key challenge our hospitals face in delivering services.

The Head of Cards and e-Banking William Kaunda making a presentation on the NBM Visa Credit Cards.

Recently, National Bank of Malawi (NBM) launched its NBM Credit Card, adding on the market some of its innovations in the banking sector. Our Reporter William Kumwembe caught up with NBM Head of Cards & e-Banking, William Kaunda, to explain more on the latest innovation from the bank. Excerpts;

Handing over of power: The outgoing Chairman Dr M A P Chikaonda and
incoming chairman Dr G P Partridge

THE OPERATING ENVIRONMENT

The operating environment in 2016 continued to be challenging, characterized by high inflation and a food output deficitfollowing poor weather conditions.The country is expected to record a weak GDP growth rate of 2.5% compared to previous higher projections. Prices for tobacco, the mainstay of the country’s export sector,were 19% below those of the previous year, resulting in the crop’s export earnings being 18% lower than the previous year. Annual average inflation for 2016 was recorded at 21.7% compared to 21.9% the year before.

Download the 2016 Annual Report

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National Bank of Malawi is pleased to announce that it has adjusted its Base Lending rate downward to 30.5% with effect from Saturday, 1st April 2017.

Customers will be delighted to learn that the rates on their deposits remain unchanged.

In partnership with Malawi Defence Force and Department of Forestry, NBM launches 2017 Afforestation Program on Chilembwe Day 15th January 2017.

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