Malawian businesses advised to partner financial companies

Entrepreneurs and the members of the business community have been advised to work jointly with banks and firms that provide finance to grow their businesses and activities of the private sector.

The call was made in Blantyre on Saturday by Malawi Savings Bank (MSB) at the launch of 15 new buses by Axa Bus Company.

MSB Deputy Chief Executive Officer Kayisi Sadala said it is only through stable partnership between local companies and the financial sector that meaningful private sector growth can be achieved.

“Partnerships between entrepreneurs, companies and banks directly benefits businesses as this enhances accountability and timely availability and flows of finance to grow the private sectors, as MSB we will always be there for support of the private sector.

Katsonga: Launches AXA new deluxe coaches
Katsonga: Launches AXA new deluxe coaches

“We have been in partnership with Agma, the holding company of Axa for years because they service their loans timely,” said Sadala.

The launch was graced by Malawi Confederation of Chambers of Commerce and Industry president Matthews Chikankheni who appealed for local support for Malawian companies.

Agma chairman Mark Katsonga Phiri who announced his retirement said they bought the buses at $1.4 million and noted that the partnership with MSB has been very fruitful.

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