Considering the negative impact that the coronavirus pandemic has on Malawian businesses, Standard Bank and Industrial Commercial Bank of China (ICBC), have partnered and identified a trusted and reputable agent called GUOMAO enabling us to connect Malawian Businesses to Chinese Suppliers and Manufacturers successfully.

According to a circular by the bank, there is high demand in Medical supplies such as PPE and ventilators, we have positioned ACAP to be in the forefront, so as to assist in the identification of suppliers, negotiation of price, language barriers, payment terms and logistics of goods. “To aid in the procurement of Medical supplies, our Agents have agreed to reduce their commission fees from 3% to 0.5% for all Medical Supplies purchased from China.” says the circular.

Meanwhile, the bank is implementing sanitary measures at all of its branches and ATMs, reduction in electronic Banking fees by 40% as well as facilitating social distancing through the use of technology that allows our staff to continue serving customers from home.