LILONGWE-(MaraviPost)-Standard Bank Plc has reaffirmed its commitment to driving national development by sponsoring MK20 million towards the upcoming National Construction Day celebrations.
Scheduled to take place from 19th to 20th May at the Bingu International Convention Centre (BICC) in Lilongwe, the event will bring together key stakeholders in Malawi’s construction industry, alongside government leaders and development partners, to honour the sector’s achievements and chart a path forward.
President Lazarus Chakwera, is expected to attend and preside over the ceremonial parade on May 19th.
Standard Bank’s support for this milestone event underscores its strategic role in financing transformative infrastructure projects and enabling businesses that contribute to Malawi’s growth.
The Bank has also played a central role in several high-impact projects, notably the recently completed upgrade of Kenyatta Drive and Mzimba Street into six-lane highways, two critical arteries in the capital city’s transport network.
Speaking at the briefing, Tamanda Ng’ombe, Head of Brand and Marketing, highlighted the pivotal nature of the donation, aligning it with the Bank’s values:“Our MK20 million commitment to National Construction Day is not just about infrastructure, it is about investing in the builders of Malawi’s future.
“This sponsorship strategically reinforces our leadership in financing infrastructure that unlocks opportunity and empowers Malawians, today and for generations to come.”
Speaking after receiving the donation, National Construction Industry Council (NCIC) Chief Executive Officer Gelrad Nkhonje lauded timely support saying will go a long way to help the council in colouring the event.
“This is timely support to make the event colourful. Its an event that cuts across all boards that all of us benefit from construction industry.
“The event will also help to take stalk what we done. Therefore, we are urging everyone to look after infrastructure development and avoid vandalism,” says Nkhonje.
Beyond large-scale infrastructure, Standard Bank continues to empower Small and Medium Enterprises (SMEs) in the construction sector.
Through tailored financing solutions, including working capital support and vehicle and asset financing, the Bank is equipping local contractors with the tools they need to thrive.
Most of these SMEs are serving the big corporates that are running with the major construction projects in Malawi.
As a trusted partner in development, Standard Bank believes in financing growth that is inclusive and sustainable.
The Bank remains firmly positioned at the heart of Malawi’s infrastructure transformation driving economic empowerment and a better future for all.