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Private sector: The key to Malawi’s economic growth

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By Burnett Munthali

Former Minister of Finance Ken Lipenga has emphasized the crucial role of the private sector in driving Malawi’s economic development, urging the government to continue fostering partnerships with private companies.

Speaking during Mulli Brothers Limited (MBL) Holdings annual prayers in Chigumula, Blantyre, Lipenga highlighted the significance of private sector involvement in the country’s progress, stating that Malawi cannot develop without it.

Lipenga



Lipenga noted that private companies like MBL Holdings are critical for development, citing examples from around the world where such partnerships have yielded positive results.

He encouraged the government to maintain its collaboration with the private sector, recognizing the vital contributions these entities make to the nation’s economic growth and development.

MBL Holdings, a prominent business conglomerate in Malawi, has been a key player in the country’s economy, and Lipenga’s remarks underscore the importance of continued support for such enterprises.

The former Finance Minister’s comments come at a time when Malawi is seeking to accelerate its economic growth and development, making his call for private sector engagement particularly timely and relevant.

By working together with the private sector, Lipenga believes Malawi can unlock new opportunities for growth, create jobs, and improve the overall well-being of its citizens.

The annual prayers event at MBL Holdings provided a platform for Lipenga to share his insights on the importance of private sector involvement in Malawi’s development agenda.

Corporate kindness: NBS Bank and NICO Group win praise from First Lady

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By Burnett Munthali

The First Lady, Madame Gertrude Mutharika, has thanked NBS Bank and NICO Group for their donation, saying the support will go a long way in assisting vulnerable people in the area, bringing hope to those in need.

She described the gesture as timely and meaningful, noting that it reflects genuine care for communities facing various challenges, and highlighting the importance of corporate social responsibility.

Mutharika



Madame Mutharika further asked God to bless the two institutions and their businesses for the commendable initiative, saying their willingness to give back to society sets a good example for others to follow, inspiring a ripple effect of kindness.

Speaking on the mandate of Beautify Malawi Trust, the First Lady said the organisation aims to ensure that Malawi remains beautiful, clean and well cared for, promoting a sense of national pride and responsibility.

The First Lady also urged other companies and organisations to emulate NBS Bank and NICO Group by making donations to vulnerable groups, particularly families affected by floods in areas such as Nkhotakota, where support is urgently needed.

She reaffirmed her commitment that Beautify Malawi will continue working closely with NBS Bank, NICO Group and other partners to promote compassion and ensure that people across the country live with dignity and happiness, fostering a culture of care and empathy.

This gesture by NBS Bank and NICO Group demonstrates the power of corporate kindness and the impact it can have on communities, showing that together, we can make a difference.

Breaking barriers: MANAD and NAC launch HIV awareness campaign for the deaf

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By Burnett Munthali

The Malawi National Association of the Deaf (MANAD) and the National AIDS Commission (NAC) have launched a campaign to reach persons with hearing impairment with information on HIV/AIDS and Sexual and Reproductive Health Rights (SRHR).

The campaign aims to address information and knowledge gaps among the deaf by ensuring accurate, evidence-based HIV and SRHR messages are accessible in Malawian Sign Language, in line with NAC guidelines on inclusive health communication.



Traditional modes of communication, such as radio and loud hailing, are not deaf-inclusive, making it challenging for the deaf to access vital information.

MANAD and NAC engaged deaf adolescent women and girls in Ntchisi District in a Malawian Sign Language HIV/AIDS and SRHR Materials Validation, Content Utilization Training and Community Engagement activity.

Participants received flash discs with NAC-validated HIV and AIDS key messages to share with their peers, promoting community-led HIV prevention and treatment literacy.

NAC’s mandate is to intensify the fight against HIV in all 28 districts, and MANAD’s initiative is a welcome step towards inclusion for marginalized groups.

The project is funded by PEPFAR, supporting NAC objectives and ensuring no population is left behind due to communication barriers.

NBM plc donates K15 Million for Malindi Hospital Children’s Ward renovation

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By Linda Kwanjana

National Bank of Malawi (NBM) plc on Wednesday donated K15 million to St. Martin’s Mission Hospital in Mangochi to support renovations of a paediatric ward that was damaged early last year.

In January last year, strong winds uprooted a tree, which fell on the paediatric ward’s roof, causing significant damage and rendering the ward non-operational.

Speaking during the handover ceremony, NBM plc Chief Executive Officer (CEO), Harold Jiya, said the bank chose to invest in the children’s ward through its corporate social investment (CSI) policy, because good health is fundamental to national economic development.



“As a Bank that derives its success from Malawians, we believe it is our responsibility to give back to the communities that support us. A healthy nation contributes to a strong and productive economy. We believe this contribution will help improve access to quality healthcare for children at Malindi Health Centre, which aligns with our commitment to supporting communities across the country,” said Jiya.

Jiya also appealed to other corporate institutions to actively participate in supporting community development initiatives, particularly in the health and education sectors.

“Many companies benefit from the support of Malawians. There is capacity within the corporate sector to contribute meaningfully to social responsibility, and we encourage more institutions to assist hospitals and schools that serve our communities,” he said.

In addition to the financial contribution, NBM plc donated assorted gifts to newborn babies at the hospital as part of its festive season outreach.

Receiving the donation, Senior Administrator for St. Martin’s Mission Hospital, Canon John Mchakama, thanked NBM plc for the support, saying the renovation project had been progressing slowly due to limited funding.

“Since the incident that damaged the ward, progress has been slow because of funding challenges. This support will significantly accelerate the completion of the project, and we are optimistic that by early 2026 the paediatric ward will be fully operational,” said Mchakama.

St. Martin’s Mission Hospital, which operates under the Anglican Diocese of the Lower Shire, was established in 1898 and serves an estimated 44,000 households in Mangochi District and surrounding areas.

NBM plc projects double profit to K211.0 billion

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By Linda Kwanjana

Listed National Bank of Malawi (NBM) has projected a double profit after tax for the year ending December 31, 2025, to range between K189.9 billion and K211.0 billion.

The Bank, through its trading statement signed by the Company Secretary, Zunzo Mitole, dated December 29, states that the projected performance represents a significant increase compared to the last year ended December 2024.

“The profit after tax for the year ending 31 December 2025 is expected to increase by between 87% and 107% from the K101.7 billion reported for the year ending 2024, within the range of K189.9 billion to K211.0 billion,” reads the trading statement.

The statement has also revealed a significant rise in earnings attributable to shareholders.

Mitole



“Consolidated profit after tax attributable to owners of the parent company is projected to be between K187.6 billion and K208.1 billion, representing a growth of between 83% and 103% from K102.3 billion recorded in the previous year,” the statement states.

Commenting on the outlook by various financial institutions in Malawi, financial analyst Benedicto Nkhoma said the projected results signal strong returns for investors.

“These results are well above inflation, meaning investors are enjoying real returns, not just paper gains. If this momentum is sustained, the dividend season could be a happy one, with investors smiling all the way to the bank,” Nkhoma posted on his Facebook page.

The performance makes NBM plc record the highest returns in the year 2025 in the country.