Malawi Stock Exchange-listed National Bank of Malawi (NBM) has donated K8.8 million to the Malawi Defence Force for the 2024 drill competition slated for next month.
The competition will be held at Malawi Armed Forces College (Mafco) in Salima.
Speaking during the cheque presentation, Malawi Defence Force Chiefs Training Officer Brigadier Luke Yetala said he was excited for the donation because it will add to the required budget of over K100 million.
NBM Service Manager for Lilongwe Branch Maureen Gwembere, said the bank recognizes the pivotal role the MDF is playing in as far as security is concerned.
- Advertisement -
Meanwhile, the bank has donated another K5.5 million to the Ministry of Mining, which is expected to be used in the mining Indaba schedule for next week.
- Advertisement -
Speaking during the cheque presentation, NBM Regional Manager for Centre and North, Shadreck Malenga said the indaba is a significant milestone for Malawi’s mining sector.
“The donation is to underscore our collective commitment to sustainable mineral extraction, and the theme Transforming the Nation through Sustainable Mineral Extraction resonates deeply with us at the National Bank.
“We believe in the immense potential of this industry to drive economic growth,” Malenga said.
On his part, Director and Commissioner of Mines Samuel Sakhuta said this is the first edition of the Malawi Mining Investment Forum from April 23 to 24, 2024, at the Bingu International Convention Centre (BICC) in Lilongwe.
- Advertisement -
“The indaba will help delegates unlock the enormous greenfield mineral potential that is found in the country,” Sakhuta said.
Over 300 participants from around the globe are expected to be part of ATM Promotion Week, which is said to help Malawi grow the mining sector and contribute at least 20 percent to the gross domestic product (GDP).
