Standard Bank donates K17.2 million to Malawi Investment and Trade Forum

By Chisomo Phiri

One of the country’s top financial institutions Standard Bank plc has donated  K17.2 million towards Malawi Investment and Trade Forum scheduled to take place in Dar es Salaam, Tanzania from June 12-13, 2024.

Speaking during the official handover of the donation in Lilongwe on Friday,  Standard Bank head of business and commercial clients Graham Chipande said this is a joint contribution by Standard Bank Malawi (US$5,000) and Stanbic Bank Tanzania (US$5,000).

Chipande handing over the cheque

He said: “We are proud to support this important initiative, which aligns with our bank’s goals of promoting economic growth and development in Malawi, and our mission of driving economic growth as outlined in our purpose: ‘Malawi is our Home we Drive Her Growth’.”

On his part, minister of Trade and Industry Sosten Gwegwe, who received the donation, said Standard Bank’s contribution will help bring together experts, policymakers, and business leaders to explore opportunities and address challenges in regional trade and investment.

“I would like to express my sincere gratitude to Standard Bank for their trust and support in this initiative. Your contribution of US$10,000 will undoubtedly enhance the forum’s impact and success.

“Together, let us work towards strengthening trade and economic ties between Malawi and Tanzania, through unlocking our nations’ full potential, and by creating a brighter future for our citizens,”he said

The Malawi Investment and Trade Forum is an important event that promotes Malawi’s investment opportunities in agriculture and agro-processing, manufacturing, power generation, mining, tourism and infrastructure.

This year, the forum will be held under the theme ‘Enhancing Regional Integration for Malawi’s Investment Potential and Future Prosperity’.