Mzuzu University (Mzuni) has announced that it is developing a $20 million 20 megawatts solar power plant to be using for generating electricity in the Northern Region.
First Capital Bank (FCB) founder Hitesh Anadkat has reaffirmed the bank’s commitment to growth and regional expansion as a means of enhancing its contribution to the Malawi economy and beyond.
Anadkat made the remarks in Blantyre during a cocktail celebration marking the bank’s 30th anniversary since opening its doors in 1995.
He emphasised that FCB had made a significant impact on the economy through job creation, the provision of capital and investment for businesses.
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Anadkat said FCB’s expansion into five other countries was a great achievement that had helped put Malawi on the map.
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He further encouraged young people and aspiring entrepreneurs to believe in their dreams and pursue them with confidence.
“As Malawian born [man], I’m very happy that Malawi has made a mark in the Sadc [Southern African Development Community] region. We’ve become a recognised brand in Southern Africa and the future is we keep growing and growing and become a big player in Africa,” Anadkat said.
Reserve Bank of Malawi Governor MacDonald Mafuta Mwale commended FCB for its customer-centric approach.
Mwale highlighted that the bank’s regional expansion was vital in helping Malawi generate foreign exchange through the export of financial services.
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“We, as the central bank, recognise and applaud the vital role FCB continues to play in advancing financial inclusion, driving digital innovation and supporting key sectors of the economy, including agriculture, mining and trade.
“The transformation from a single-branch institution in 1995 to a regional financial services provider with a presence in six African countries is truly inspiring. In many ways, FCB’s story mirrors Malawi’s own aspirations for economic growth and regional integration,” Mwale said.
Headquartered in Malawi, FCB also operates in Zimbabwe, Zambia, Mozambique, Botswana and Mauritius.
