LILONGWE-(MaraviPost)-President Professor Arthur Peter Mutharika has stressed the need for vibrant collaboration between the government and the private sector to achieve meaningful development.
President Mutharika made these remarks on Wednesday during an interface with officials from FDH Bank, led by Group Chief Executive Officer William Mpinganjira.
According to the President, the private sector is vital to national development and it is pleasing to see entities like FDH financing projects in key sectors such as education and road infrastructure.
The President further observed that the bank’s initiatives align closely with the government’s primary focus areas and pledged his administration’s commitment to creating a conducive environment for private sector investment.
In his remarks, FDH Bank Group CEO William Mpinganjira reiterated the bank’s commitment to supporting the government in achieving success across key sectors.
Currently, FDH is financing the construction of the Monkey Bay-Golomoti turn-off road, a vital link for tourism in the lakeshore district of Mangochi.
Additionally, the bank has invested K1 billion into the Higher Education Students Loans and Grants Board and is actively supporting the Malawi Mining Company.