By Chimwemwe Misomali:
One of the country’s high street banks, National Bank of Malawi (NBM), has given a total of K14 million to three professional bodies including the Institute of Chartered Accountants in Malawi (Icam), Internal Auditors (IIA) and Bankers Association of Malawi (Bam) to go towards preparations for their respective annual conferences.
The bank has given Icam and Bam K5.5 million each and K3 million to the IIA.
NBM Business Development Manager Haggai Mungoni said the bank continues to show its commitment to the growth and development of the banking sector, hence supporting Bam.
“The theme is particularly relevant in the current economic landscape as we face ongoing challenges in ensuring that all Malawians have access to financial services. It highlights the importance of finding innovative solutions and fostering collaborations that promote financial inclusion and sustainable development,” Mungoni said.
The bank’s internal auditors manager Sarah Gondwe said the bank saw the importance of supporting the upcoming conference, which serves as a professional development platform for internal auditors in Malawi.
Bam Chief Executive Officer Lyness Nkungula thanked the bank for the gesture.
“The support is timely and will go a long way in helping us organise a conference that is impactful to the delegates. We are looking to have an inclusive banking sector and contribute to the economic development of the country. The banks have a lot of work as they use various tactics to attract people to invest and be a part of the banking system,” Nkungula said.
President of the IIA Alick Mwale said the money will help bring forth various international and local experts in governance and internal audit to the event so that the discussion is insightful.
Icam Chief Executive Officer Noel Zigowa said such conferences address the needs of the economy while informing the public of the changes happening around them.
“Our theme for this year is ‘Navigating economic challenges, strategies for growth and resilience’. Actually, this theme was chosen carefully, understanding what we are going through as a country.
“We are saying, while we have these challenges, it is possible that we can do it. That’s why it is important that a gathering of professionals meet and discuss ways of navigating through these economic uncertainties” Zigowa said.
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