NBM Development Bank Limited will distribute 1.7 billion kwacha to female business owners after receiving a grant from Scotland's government through The African Lakes Company. The development finance institution plans to support women entrepreneurs across agriculture, healthcare, education, technology, mining, energy, and tourism sectors over three years.
General Manager Bernard Masi said the bank will release 500 million kwacha by the end of this month as patient capital and equity for expanding operations. Managing Director Bobby Anderson said the partnership between ALC and NBMDBL will provide debt and equity financing to established women-led businesses seeking growth capital.
National Bank of Malawi executives met with Scottish First Minister John Swinney to review small business support programs. Chief Operating Officer Masauko Katsala attended alongside Masi and NBMDBL's Esnat Kamudoni. The initiative aims to create employment and promote economic participation among female entrepreneurs across multiple industries.
General Manager Bernard Masi said the bank will release 500 million kwacha by the end of this month as patient capital and equity for expanding operations. Managing Director Bobby Anderson said the partnership between ALC and NBMDBL will provide debt and equity financing to established women-led businesses seeking growth capital.
National Bank of Malawi executives met with Scottish First Minister John Swinney to review small business support programs. Chief Operating Officer Masauko Katsala attended alongside Masi and NBMDBL's Esnat Kamudoni. The initiative aims to create employment and promote economic participation among female entrepreneurs across multiple industries.
