By Burnett Munthali
Listed FDH Bank plc has contributed K6 million towards the Economic Association of Malawi (ECAMA) Annual Lake Conference, scheduled for November this year. The conference will serve as a platform to address the country’s pressing economic challenges, including inflation, currency depreciation, and unemployment.
Speaking at the cheque presentation ceremony in Blantyre on Tuesday, FDH Bank plc Public Relations Manager, Lorraine Chikhula, reaffirmed the Bank’s commitment to promoting economic development in Malawi.
“One of our pillars under the sustainability program is our economy, where we make the commitment to improve social conditions by focusing on health, education, sports, and the environment, among others,” said Chikhula. “Our support for ECAMA’s conference underscores our dedication to promoting economic growth and stability.”
The ECAMA Annual Lake Conference, which attracts policymakers, economists, business leaders, and academics, aims to foster dialogue and generate actionable solutions to Malawi’s economic challenges. This year’s theme, ‘Economic Priorities for a Vulnerable Economy’, reflects the urgency of addressing the country’s financial struggles.
Bertha Bangara-Chikadza, ECAMA’s acting president, expressed gratitude to FDH Bank plc for their generous support. She emphasized the importance of collective efforts in overcoming the nation’s economic hurdles.
“The current economic landscape presents numerous challenges, and it is crucial we work together to find solutions,” Bangara-Chikadza stated. “Contributions like this from FDH Bank plc strengthen our ability to bring stakeholders together to discuss and act on critical economic issues.”
The conference will provide a platform for key stakeholders to deliberate on economic priorities and formulate strategies that will help stabilize and grow Malawi’s economy. With the involvement of key players like FDH Bank, there is hope that collaborative efforts can steer the country toward sustainable economic growth.
As Malawi continues to grapple with high inflation rates, a weakening currency, and rising unemployment, the ECAMA conference is set to play a critical role in addressing these challenges and charting a path forward for a more resilient and robust economy.
