National Bank of Malawi's Head of Business Process Management, Brian Boby hands over the Desk Donation to  Njewa Community Day Secondary School's Head Teacher, Mercy Chisamile as the Service Centre Manager for Lilongwe, George Nyirenda  looks on

National Bank of Malawi has donated 110 desks and chairs to Njewa Community Day Secondary School as a way of alleviating the school's problems of furniture. The bank's Head of Business Process Management,  Brian Boby said the 55million kwacha worth of donation is aimed to enable the youth to attain education in a conducive environment.

National Bank of Malawi's Company secretary hands over the donated items to Mr  Clifford Kuyokwa, Stephanos Executive Director

National Bank of Malawi on 22nd September 2017 donated assorted items worth 5 million kwacha to Stephanos Foundation in Blantyre. The items included 254 chairs,206 plastic buckets 500 sanitary pads and 71 travelling bags.

National Bank of Malawi's Company Secretary, Zunzo Mitole said that National Bank of Malawi believes that the children are the future of the country, therefore, the need for them to be supported.

On 22nd September, 2017 DHL Express, The World's leading International Express service provider announced a new partnership with National Bank of Malawi. The aim of this partnership is to make small and medium business (SME)customers to order, purchase and import products to Malawi conveniently and affordably. The partnership will also help to address, help businesses and consumers overcome their common pain points when trying to import products from abroad.

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

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

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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