NBM Development Bank Limited (NBMDBL), a development finance institution and subsidiary of National Bank of Malawi (NBM) plc, has secured a grant of about £900,000 over a period of three years from the Scottish Government through its investment vehicle, The African Lakes Company Limited (ALC).
From
Scottish First Minister, John Swinney has commended the development bank model being championed by NBM Development Bank Limited to support the growth of Small and Medium Enterprises (SMEs) for greater impact in their respective societies in the country.
Swinney made the remarks after meeting directo
NBM Development Bank Limited says it has accessed K14 billion since 2022 under the Financial Inclusion and Entrepreneurship Scaling (FInES) Project, a World Bank–funded initiative administered through the Reserve Bank of Malawi (RBM) to finance Small and Medium Enterprise (SME) initiatives.
Accordin
National Bank of Malawi (NBM) plc has commended the remarkable strides made by its subsidiary, NBM Development Bank Limited, in supporting the growth and sustainability of Small and Medium Enterprises (SMEs) in Malawi.
Speaking during an internal engagement event dubbed Tiiphula, to celebrate the ac
Public Private Partnership Commission (PPPC) says limited access to long-term capital financing is a major setback for local investors implementing infrastructural development projects in the country.
PPPC Chief Executive Officer, Patrick Kabambe, disclosed this in Blantyre on Tuesday during the si
On 29th April 2025, Esnat Kamudoni, Chief Operating Officer of NBM Development Bank, delivered a compelling presentation at the Bingu International Convention Centre (BICC) during the final day of the forum.
She highlighted NBM plc’s long-term commitment through its subsidiary, NBM devt Bank Ltd —
By Kingsley Jassi:
Parliament has challenged NBM Development Bank to make a more rural impact if its contribution to the country’s development is to be visible.
But the bank says it has already made some inroads under the auspices of the World Bank-supported Financial Inclusion and Entrepreneursh
NBM Development Bank Limited, a subsidiary of National Bank of Malawi (NBM) plc, says the recognition by the Malawi Investment and Trade Centre (MITC) Malawi Exporters Award in the Best Financial Services category confirms its commitment in ensuring growth of the country’s SME Sector and economy.
“The loan repayment period is set between 2 years as a minimum and 7 years as maximum but with the
flexibility of going up to 10 years in exceptional circumstances” Mandala
Malawi’s biggest commercial bank by assets and profitability, National Bank of Bank (NBM), unveiled NBM Development Bank which seeks to offer long term financing to businesses.