National Bank of Malawi plc. has requested the Information and Communication Technology, Entrepreneurs and Youthful Innovators to speculate Globally and vie Internationally
By Abdul Rahman Bangura–
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The National Bank of Malawi (NBM) declared, it is willing to give allotment to enable them recognize their visions of building a socio economic viability for their enterprises that will entirely effect on their neighborhoods and the economy at large.
Talking at the 2020 ICT Association of Malawi (ICTAM) meeting on December11th, 2020 in Mangochi, NBM plc Deputy Chief Executive Officer and Chief Commercial Officer – Harold Jiya stated, NBM plc exclusively understands and respects the climacteric position that innovations and technology play in Malawi’s developmental
“NBM plc has a continuing partnership with ICTAM on ICT innovation. This Investment in ICT development by the National Bank of Malawi is a vehicle for the creation of employment for the youth. By resourcing the ICT sector we are harnessing and leveraging on the energies and determination that is latent in our youth to foster rapid economic growth by fueling the birth and nurturing the growth of businesses that start from scratch and have the potential to grow into mega corporations.
“It is also the realization and appreciation of this very fact and reality that the bank recently established the NBM Development Bank. This is a subsidiary of the Bank that is offering lines of financing to business startups. It has provided an avenue where brilliant ideas find a base to anchor potentially powerful businesses.”
“The ICT sector needs a lot of resourcing and that calls for specialized financing; therefore the timing of the coming in of the NBM Development Bank is most opportune,” clarified Jiya.
In addition, he also pleaded to other private sector performers to finance the local ICT industry and young innovators by among others, utilizing local talent and local ICT corporations.
Minister of Information – Gospel Kazako applauded NBM plc and other partners for funding the ICT Innovations conference telling such partnerships are desired for the country to move ahead in lessening the digital and innovation gap.
“Each one of the partners has a stake in ICT or knowledge and products coming from ICT thus nurturing such partnerships will go a long way towards achieving the country’s transformative agenda,” noted Kazako.
The meeting further honoured innovators for their submissions in the Fintech and General innovations class of the NBM Plc Innovation Jam awards.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent
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