- NBS Bank has pledged its support for local groundnut farmers and industry stakeholders during the Pyxus Agriculture Malawi 2024 Groundnut Tour.
- NBS Bank’s support for the groundnut industry will empower Malawi’s agriculture, boost self-sufficiency, and drive exports.
- NBS Bank’s support for Malawi’s groundnut farmers shows its commitment to CSR and sustainable development.
The support from NBS Bank is expected to have a positive impact on Malawi‘s agriculture sector, as groundnuts are a crucial crop for many smallholder farmers in the country. By investing in this sector, NBS Bank aims to not only boost the income and livelihoods of groundnut farmers but also to contribute to Malawi’s overall food security and economic development.
NBS Bank dedicates resources to boost groundnut industry
NBS Bank has pledged its support for local groundnut farmers and industry stakeholders, reinforcing its commitment to the agricultural sector during the Pyxus Agriculture Malawi 2024 Groundnut Tour. The bank’s CEO, Dr. Kwanele Ngwenya, announced this commitment at a cocktail party sponsored by NBS Bank, highlighting the bank’s role in promoting sustainable agricultural practices and economic growth. This pledge is aimed at empowering the agricultural sector, promoting economic self-sufficiency, and enhancing Malawi’s export capabilities.
The groundnut sector holds vast potential for the Malawian economy. NBS Bank is committed to fostering this growth by supporting our farmers and stakeholders within the groundnut value chain. We offer specialised lending programs, risk mitigation tools, and digital banking solutions tailored to meet their unique needs. Our objective is to empower them to enhance productivity and connect with local and international profitable markets.
The bank’s CEO, Dr. Kwanele Ngwenya
“The groundnut sector holds vast potential for the Malawian economy. NBS Bank is committed to fostering this growth by supporting our farmers and stakeholders within the groundnut value chain. We offer specialised lending programs, risk mitigation tools, and digital banking solutions tailored to meet their unique needs. Our objective is to empower them to enhance productivity and connect with local and international profitable markets,” said Dr. Kwanele Ngwenya.
The support from NBS Bank will enable groundnut farmers to improve their productivity, efficiency, and profitability, ultimately leading to increased income and livelihoods for these farmers. This, in turn, will contribute to enhancing food security in Malawi and reducing poverty among rural communities.
Additionally, by investing in the groundnut industry, NBS Bank is helping to diversify Malawi’s agricultural sector, reducing its dependence on traditional crops and expanding its export capabilities. This will not only strengthen the country’s economy but also position Malawi as a competitive player in the global market.
Furthermore, NBS Bank’s commitment to supporting Malawi’s groundnut farmers demonstrates its dedication to corporate social responsibility and sustainable development. By partnering with smallholder farmers and supporting their growth and success, the bank is playing a pivotal role in building a more resilient and prosperous agricultural sector in Malawi.
About NBS Bank
NBS Bank is a fully fledged commercial bank providing a wide range of financial services to individuals, small and medium businesses, large corporations and public institutions. The bank was incorporated as a limited company on March 2003 and was registered under the Banking Act 1989 on March 2004. It started its commercial banking operations on July 2004.
In line with our philosophy of “taking banking to the people,” the bank boasts of having one of the widest and probably the best service network in Malawi. NBS Bank has 32 real-time Service Centres strategically located across the country. In addition, the bank offers the highest number of ATM’s, very innovative Mobile, Agency and SMS banking services to give our customers additional service delivery platforms.
