The Bankers Association of Malawi (Bam) has acknowledged that despite some challenges, 2019 has been a good year for the banking industry.

While the Malawian business environment has attributed its losses this year to the pre/post election tension, Bam President, Kwanele Ngwenya, said the association expects positive results from most of the commercial banks, as he justifies the prediction due to the stable exchange rate and interest rate which will contribute to the commercial bank’s positive results.

2 months ago, the Ministry of Industry, Trade and Tourism vowed to continue working on implementation and operationalisation of reforms to create a conducive business environment. According to the ministry’s Principal Secretary Ken Ndala, efforts to improve the business environment and investment climate continues at a steady pace.