Old Mutual Blantyre Foundation Trust on Thursday signed a memorandum of understanding (MoU) with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
The partnership is aimed at strengthening collaboration in supporting Malawian micro, small and medium enterprises (MSMEs).
The partnership will focus on linking finance and innovation to enterprise growth, with particular attention to agro-processing firm Northeast Foods Limited.
Old Mutual Blantyre Foundation Trust Chairperson Tawonga Manda said the organisation remained committed to empowering entrepreneurs across Malawi.
“Old Mutual Foundation Trust is a charitable arm of Old Mutual Malawi. This is a milestone for us as we take a step towards contributing to national development [efforts] through this partnership,” Manda said.
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GIZ Country Director Inge Baumgarten said signing of the pact highlighted the long-standing relationship between Malawi and Germany.
“Germany and Malawi share a strong and enduring partnership. Through this collaboration, we aim to strengthen MSMEs so that they can grow, create jobs and contribute meaningfully to the economy,” she said.
One of the beneficiaries of the MoU, Northeast Foods Limited Chief Executive Officer Kate Chisambi said the partnership would help address key operational challenges.
“The support and technical expertise from Old Mutual and GIZ will assist us in bridging gaps, particularly in acquiring essential machinery,” she said.
