National Bank of Malawi (NBM) has reiterated its commitment to fostering growth of small and medium-sized enterprises (SMEs) in the country, highlighting their critical role in economic growth.
NBM Chief Risk Officer Charles Ulaya made the remarks on Friday during an inspection of one of NBM business partners, Gimtech Building and Civil Contractors, located in Soche, Blantyre.
Ulaya said that investing in SMEs is vital for unleashing economic potential and addressing some of the pressing challenges Malawi currently faces.
“SMEs are what keep us afloat, and as a bank, we are dedicated to supporting them. We believe they play a fundamental role in our economic growth and in achieving the objectives outlined in our national development agenda, Malawi 2063,” he stated.
During the visit, Ulaya expressed satisfaction with the success of Gimtech Building and Civil Contractors in navigating a challenging business environment impacted by socioeconomic irregularities.
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He encouraged the company to continue leveraging the financial opportunities offered by the bank.
Gimtech General Manager Gift Mkandawire, hailed NBM for its role in supporting local businesses.
“I feel honored because it is not common for a bank to visit your premises, and it shows that we are recognized,” Mkandawire said.
He added that Gimtech Building and Civil Contractors has greatly benefited from its partnership with the NBM through various financial opportunities.
