THOM MPINGANJIRA TIPS BANKS – Malawi News Online

On the sidelines of the Institute of Bankers (IoB) fourth annual general meeting, FDH Financial Holdings Limited Chairperson, Thom Mpinganjira, called on commercial banks to treat financial inclusion as a business opportunity other than a corporate social responsibility.

A similar call was made during the Institute of Bankers (IoB) Malawi annual lakeshore conference, when the governor of Reserve Bank of Malawi, Dalitso Kabambe, urged commercial banks to financing development projects or innovations that will boost the country’s economy.

Kabambe recommended manufacturing, mining and tourism as some of the sectors banks need to invest in to complement the agriculture sector to rebalance the economy, pointing that investments in the agriculture sector has been most favored in investment.