Standard Bank organises Malawi Economic Forum: Brings chief economist, keen on growth

Standard Bank says it is keen to see the country’s economy grow and has organised the Malawi Economic Forum in Lilongwe on July 22 for key stakeholders to brainstorm how to move the country’s social economic development forward.

Chief Economist: Goolam Ballim

Chief Economist: Goolam Ballim

Standard Bank CEO Andrew Mashanda

Standard Bank CEO Andrew Mashanda

Announcing the forum, Standard Bank Chief Executive Officer, Andrew Mashanda said it comes at an opportune time when stakeholders are looking for answers to some of the pertinent questions regarding the state of the country’s economy and how they can collectively improve it.

“Malawi faces challenges to move her people and country forward, but in the midst of these challenges also lies opportunity. This economic forum will provide a platform to share knowledge, experience and expertise on what needs to be done to improve the status quo,” he said.

Announcing the forum, Standard Bank Chief Executive Officer, Andrew Mashanda said it comes at an opportune time when stakeholders are looking for answers to some of the pertinent questions regarding the state of the country’s economy and how they can collectively improve it.

“Malawi faces challenges to move her people and country forward, but in the midst of these challenges also lies opportunity. This economic forum will provide a platform to share knowledge, experience and expertise on what needs to be done to improve the status quo,” he said.

He said as Africa’s largest bank, Standard Bank remains committed to working with key stakeholders in Malawi in efforts grow the country’s Gross Domestic Product (GDP).

“The forum gives us the opportunity to share with Malawians and other stakeholders our optimism on Africa and the role we can play in facilitating trade and economic development,” said Mashanda.

The CEO said the bank is privileged to host the Standard Bank group Chief Economist and Head of Research Mr Goolam Ballim who will make a presentation on economic trends affecting Malawi and the region.

“Goolam is a renowned speaker on economics and politics across the African continent. Furthermore, Goolam and his team consistently earn accolades for macroeconomic research on Africa as well as numerous sectoral, industry and financial markets honors. His interest spans politics, the real economy and financial markets,” said Mashanda.

Among the topics to be discussed at the forum include the global economy and Africa, Malawi economy and diversification, potential of the extractives and natural resources sector, power and infrastructure, manufacturing and distribution.

This is the second high-profile forum for Standard Bank to host at the Bingu International Conference Centre in Lilongwe after the Malawi-China Business Forum hosted in June.

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11 thoughts on “Standard Bank organises Malawi Economic Forum: Brings chief economist, keen on growth”

  1. chimwemwe says:

    Standard aku sogola in devaluation these is the culprit bank who are forcing the devaulation for kwacha, ife ku malawi ma business yavuta koma standrad bank every year make huge profits, there licence should be revoked as they have unethical policies huring malawians

  2. ben says:

    Standard Bank are the biggest looters in malawi they are hoarding and overcharging forex,charging exhorbitant interest rates and are the most expensive, these dealers from there are foreigners and they dont love malawi. every year they make exhorbitant profits while ife local malawians tikuvutika

  3. Bololo says:

    You banks are speculating heavily on the exchange rate and expect the economy to stabilize. The moment someone puts controls you are the first to cry like children. Mashanda check your dealing room trading practices and tell me Malawi will grow. Mind you the exchange rate is everything to the private sector just like the lending rate and access to credit

  4. moya says:

    Economists work well when there is a fiscal descipline which economy works when its a leaking bucket and government is still punching holes into it?i hope they are well informed about our situation so that they apply economics for thieves theories.

  5. Malawian MomS says:

    chief economist for Indians.

  6. The real ujeni says:

    You want Malawi GDP to grow, you want GNI to increase yet areas and sectors that can grow our economy are left out. Why is Salima, Nkhatabay neglected, no roads no serious infrastructure there, Nyika road, why is it neglected still now, why is it not a priority to construct roads in these potential areas. We give priority to mapwevupwevu then wr hold more and more forums wasting money and time. Our Economists and politicians in government are busy cashgating.

  7. JCInLA says:

    As a country, Malawi economy is going to the toilets. This is very sad indeed. Everyone, from a business person to an un-employed citizen – is feeling the pain of our very corrupt beautiful country.

    It does not help Mutharika’s stolen election. He has has lost it. But we, Malawians abroad, are watching. If he really screws up we will take him to the US courts where he is a citizen. Yes, USA has some laws to go after those that have abused people abroad (even stolen some nation’s assets) to be tried in the US. He, Peter, must tread carefully.

    As for now, we, all Malawians, must stand strong and speak with one voice. Peter must know that he is driving this country into a big hole!

  8. chingolopiyo says:

    Malawi is filled with people who resist to change. Every time someone comes up with a good idea, we start looking on a negative angle and not positive. While government has its role to bring economic changes, citizens too have the responsibility to do their part. I don’t believe that there is a country in the world that was created rich and its citizen never worked. We have seen countries like china rising up because of hard work. We can have a government headed by bishops or church leaders, Malawi will not change if the mindest of the citizen are glued to negative thinking. We will continue comparing kasonga and Mnensa as people who have done well. By the way ask Kasonga what happened to Candlex

  9. sikusinja says:

    What will a chief economist from outside Malawi tell us that we don’t know? We have IMF, World Bank, ADB economists who are resident here.. they tell us our problems but are not bold enough to tell us the solution. We don’t have leaders willing to change the fortunes of this country. Mediocre leadership and bootlicking followers. People are dying in hospitals because there is no basic medicines but a president will take his vice and ministers to go address a meaningless rally spending millions in the process. Millions on independence celebrations when there is hunger looming so they say. Flood victims still in camps but 500million kwacha will be spent to build banquet halls. Very laughable. So this chief economist should just go and tell Mutharika that he is the problem.

  10. Concerned citizen says:

    Pro 6:9-11 How long is the lazy man going to lie around? When is he ever going to get up? “I’ll just take a short nap,” he says; “I’ll fold my hands and rest a while.” But while he sleeps, poverty will attack him like an armed robber.

    I feel these verses could talk to us. We need to put in more hours to move our nation forward.

  11. Mnunkhaludzu says:

    The problem with Malawi is that the political skeleton is filled with incompetent individuals with no future of their own families. How can they best lead the development of the country ? The best politician with his own life-making are only Mark Katsonga Phiri and Mnesa and no one can dispute that. They have struggled own their future and rise to where they are. The rest have accumulated wealth or properties with dirty activities around public resources! Kanani izi! Even is Economists could meet and raise critical points for improving the economy of Malawi – it will not add value…… Malawians needs to realize this mistake and put people in positions with credibility.

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