Mabulekesi – Members will get a real investment return

NBM PAL Unrestricted Pension Fund has registered an increase in investment income for the year 2023 to 42 percent from 27 percent in 2022.

This means that, for example, for an individual member with a total accumulated pension benefit of K10 million as of December 31 2023, the total accrued pension benefit has increased to K14.2 million with effect from January 1 2024.

NBM PAL Chief Executive Officer William Mabulekesi said with inflation averaging 30 percent in 2023, members will get a real investment return of over 12 percent.

Jeremiah (right) and members of Tikondane group at the Coconut tree which President Chakwera planted during the opening of the 2022-2023 forestry season

Gogo Christina Mpinganjira recounts her youthful days when they used to collect wild mushrooms and see wild animals from the mountains of Kapirimutu, Nthunzi, Mchenga, Ntcheu, Mwasadzu, and Chipendeko in Dedza.

This was when the hills, popularly known as Seven Hills had its vegetation cover intact, before the community raged on them through charcoal burning, and other human activities.

The sorry state of the Seven Hills, which has rendered Gogo Mpinganjira destitute to find the wild food again, and the diminishing traditional cold breeze of Dedza, is also visible in other forests across the country.

NBM Development Bank Limited, a subsidiary of National Bank of Malawi (NBM) plc, says its recognition by the Malawi Investment and Trade Centre (MITC) for the Malawi Exporters Award in the Best Financial Services category confirms its commitment in ensuring growth of the country’s SME sector and economy.

NBM Development Bank Limited was recognised alongside other companies during the opening session of the 34th Malawi International Trade Fair.

National Bank of Malawi (NBM) plc has pumped K15 Million in the Beerland Festival which will feature South African Amapiano superstar Young Stunna this weekend in Blantyre.

In her speech after presenting the symbolic cheque, NBM Marketing and Corporate Affairs Manager Akossa Hiwa said the support aims to enhance the nation’s cultural fabric, promote economic activities, and provide a platform for electronic banking services to reach a broader audience.

“We are thrilled to announce our sponsorship of K15 million towards the Young Stunna event, reaffirming our commitment to fostering community ties and promoting our innovative electronic banking solutions.”

NBM CEO Macfussy Kawawa making a speech

Leading home-grown commercial Bankers, National Bank of Malawi (NBM) plc says it is motivated to grow their digital services delivery following the Best Digital Bank recognition by Information Communication Technology Association of Malawi (ICTAM) for the second successive year at the 2024 ICT Expo in Lilongwe last weekend.

NBM plc’s Head of Digital Financial Services, William Kaunda said the Bank values the award coming from the astute professionals who are knowledgeable with the inner workings of digital services.

“This award is a testament that the Bank is able to utilise the available environment to offer the best to its customers. We believe that digital services ought to be at the centre stage of the Malawi 2063 Agenda and the Malawi Digital Economy.

Akossa Hiwa-Partnership will ease payment processes

National Bank of Malawi (NBM) Plc and Blantyre City Council (BCC) have partnered to ensure Blantyre City residents are able to pay for various services through the Bank’s digital platforms. 

NBM Plc’s Marketing and Corporate Affairs Manager, Akossa Hiwa said the partnership will help ease the payment processes for city rates and other services offered by BCC to its residents. 

“For now, only city rates have been enabled. Soon we will include Business Licenses. NBM Plc account holders registered on Mo626ice will be able to pay at their convenience and not have to go to the Bank or BCC offices for payments.” 

An NBM Plc official handing over the instant prize to the lucky customer right

National Bank of Malawi Plc says the number of customers utilizing their digital platforms has grown beyond expectation since the launch of the ‘Popanda Chifukwa’ Mo626Pay/POS Promotion in December last year.

The Bank’s Cards Acquiring and Merchants Services Manager, David Tamula said this during the third monthly draw of the promotion which took place in Zomba.

Tamula observed the storming sessions that the Bank has been conducting in various outlets for instant prizes have also brought excitement amongst the customers.

“The promotion was designed just to appreciate our customers’ loyalty as we also complement government efforts in ensuring we have a cashless society. Customers have always embraced our digital platforms but this time it has gone beyond our expectation.”

The Lilongwe University of Agriculture and Natural Resources (LUANAR) has commended National Bank of Malawi (NBM) Plc for its dedication towards nurturing creativity and resourcefulness within the agricultural sector, thereby shaping the future of Malawi.

The sentiments were expressed during the 2024 celebrations of LUANAR’s Innovations and Talents Day, themed ‘Unleashing Creativity for Purpose2024’ at Bingu International Conference Centre (BICC) in Lilongwe on Wednesday.