More households and small businesses across Malawi could soon benefit from affordable renewable energy, thanks to a partnership between NBS Bank Plc and the Renewable Energy Industry Association of Malawi (REIAMA) focused on expanding access to clean power.
The collaboration aims to unlock financing options that make it easier for ordinary Malawians, especially those in off-grid and low-income communities, to adopt clean energy solutions such as solar systems and other Renewable Energy Technologies (RETs), thereby improving livelihoods, reducing, and driving sustainable growth in the energy sector.
Speaking at the signing ceremony in Lilongwe on Thursday, NBS Bank’s Head of Government and International Relations, Mervin Donga, emphasised the Bank’s commitment to supporting the sector.
“We stand ready to work with REIAMA and other stakeholders in unlocking the full potential of the renewable energy value chain. This partnership is aligned with our purpose to support initiatives that drive inclusive growth and improve livelihoods through sustainable finance,” said Donga.
On his part, REIAMA President Brave Mhone applauded the agreement as a significant step towards realising a greener and more inclusive future for Malawi.
“This is not just a partnership on paper, but a commitment to co-create solutions, expand access, and develop together. By leveraging each other’s strengths, REIAMA and NBS Bank will help drive down barriers to renewable energy uptake, from financing to implementation,” said Mhone.
Additionally, the partnership marks the beginning of a coordinated effort to stimulate local innovation and encourage the productive use of renewable energy in rural and urban settings.
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