Bankers Association of Malawi (BAM) says it plans to use its 2024 Annual General Meeting (AGM) in Mangochi, scheduled from August 22 to 24, to develop strategies that will help grow the economic status of rural communities through banking initiatives.
BAM’s Chief Executive Officer Lyness Nkungula made the remarks when CDH Investment Bank (CDHIB) contributed K1 million towards the AGM.
She said Malawians should know that banking extends beyond saving money as it also involves accessing financial advice from bankers
“We need to highlight that the rural masses ought to acquire financial literacy and enjoy their right to financial services,” said Nkungula.
Chief Business Development Officer of CDHIB, Jamal Kamoto, said the AGM is a vital opportunity for bankers to discuss strategies that foster collaboration and drive progress within the financial sector.
“It’s high time we focused on crafting inclusive policies and sustainable financial services for every Malawian, particularly those who have been historically underserved,” said Kamoto.
