NBM Development Bank grabbed the Top Industrialisation Catalyst Award at a forum in Lilongwe after pumping money into small and medium businesses that are apparently moving Malawi closer to its 2063 development goals. The bank threw around 17 billion kwacha at 78 companies working in sectors like farming, manufacturing, energy, and mining, and Stratedge Limited said the financing created over 1,800 jobs while helping local businesses grow their operations and replace imported goods.
General Manager Bernard Masi said the trophy validates what his team has been doing with development funding, and he gave credit to customers and staff for making the recognition happen. He mentioned the bank plans to keep rolling out creative financing options for private sector players who need capital to scale up their ventures.
The institution previously won recognition from the Malawi Investment and Trade Centre for financial services at a trade fair.
General Manager Bernard Masi said the trophy validates what his team has been doing with development funding, and he gave credit to customers and staff for making the recognition happen. He mentioned the bank plans to keep rolling out creative financing options for private sector players who need capital to scale up their ventures.
The institution previously won recognition from the Malawi Investment and Trade Centre for financial services at a trade fair.
