Jiya (right) and Nkhoma after signing the partnership deal.

One of Africa’s rising commercial bankers, Malawi’s prized bank of the nation, National Bank of Malawi (NBM) plc has invested a staggering K90 million towards the resuscitation of the banana value chain in the mountainous but fertile districts of Mulanje and Thyolo.

National Bank plc Chief Executive Officer, (CEO) Harold Jiya in his remarks stated that the bank seeks to empower banana farmers by providing them with a steady supply of new, improved, and resilient varieties to support their businesses and enhance economic stability at the household level.

National Bank of Malawi (NBM) plc has donated K2 million to the organisers of the Blantyre Motor Show to support the event.

This year’s event will take place at Makata Industrial area, Shire Bus lines old bus terminal this coming weekend.

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Cairo, 25 September 2024: –In a move set to significantly boost trade financing in Malawi, African Export-Import Bank (Afreximbank) has signed a landmark US$100-million Trade Finance Facilitation Facility (AFTRAF) agreement with National Bank of Malawi (NBM) Plc, the country’s largest bank by assets.

Representing the largest AFTRAF facility ever to be extended by Afreximbank in Malawi, the US$100-million AFTRAF agreement will enhance and maximize the capacity of NBM Plc to finance trade transactions of its clients in the manufacturing, energy and agriculture sectors.

Additionally, it will allow NBM Plc to issue letters of credit confirmed by Afreximbank, addressing the difficulty posed by a shortage of confirming banks lines. It will also support the importation of critical goods required by Malawi, including intermediate products for the manufacturing sector, fuel, pharmaceuticals and fertiliser.

National Bank of Malawi has donated a K40 million worth blood bank fridge to Mulanje District Hospital to preserve blood for cancer patients, women in childbirth, malnourished children, and accident victims.

The bank's Head of Corporate Banking Division, William Chatsala, highlighted that the donation exemplifies the bank’s commitment to life-changing initiatives.

National Bank of Malawi (NBM) plc has donated a blood bank refrigerator worth K40 million to Mangochi District Hospital to address blood storage challenges in the eastern region.

The Bank made a commitment through the Malawi Blood Transfusion Services (MBTS) to secure two blood bank fridges for Mangochi and Mulanje hospitals.

Speaking after the handover ceremony at the hospital on Friday, NBM plc Chief Executive Officer (CEO) Harold Jiya said they were convinced by MBTS to make the donation after noting that blood transportation and storage is the biggest challenge in the region.

National Bank of Malawi (NBM) plc Chief Executive Officer (CEO), Harold Jiya has unveiled plans to establish a Financial Technology (Fintech) company to help minimize costs incurred when buying systems from different companies.

Jiya, who ascended to the top managerial position this month following the retirement of McFussy Kawawa, outlined the plans during a media interaction session on Wednesday as he also unpacked the Bank’s five-year strategy.

In his presentation, Jiya said apart from the Fintech company,  the Bank anticipates a significant growth to four countries in Africa, growing the profit-after-tax to $100 million dollars from the current $60 million, and grow the customer base to two million the year 2027.

National Bank of Malawi (NBM) has introduced loans that will let Malawians buy shares on the Malawi Stock Exchange.

Speaking during the launch of the Share Purchase Loan Scheme in Blantyre on Tuesday, NBM’s Head of Retail Division, Oswin Kasunda said the bank wishes to have many Malawians own shares in different companies.

“We want as many Malawians as possible to prepare for the future. This is not an elitist product. We want everyone to access the loans and buy shares,” he said.