NBM to empower entrepreneurs

As a way to empower youths economically in the country, 1 Bank of Malawi (NBM) plc has revealed it will come up with a new product which will target young entrepreneurs.

Speaking in Blantyre during a cocktail for Chief Executive Officers from the private sector which was organized by the 1 Youth Council of Malawi (NYCOM), NBM plc Business Development Manager (Retail Banking) Wyson Kayira said the idea was to come up with interventions to help them grow and be economically empowered.

According to Kayira, the bank has been engaging youths with an aim of getting feedback on challenges the youths face when accessing financial services.

“NBM had engagements with the young entrepreneurs in 2019 across the country. Our main aim was to get feedback on major hurdles they face to access financial services in the country and we equipped them with business management skills,” said Kayira.

NBM had engagements with the young entrepreneurs in 2019
Kayira: NBM had engagements with the young entrepreneurs in 2019

Kayira further said preparations for the new project was hit hard by the Covid-19 pandemic.

“But the Covid-19 pandemic disturbed the process but now an offering is almost ready which will be specific for the young entrepreneurs, you just need to watch this space!” said Kayira.

In his words, Press Corporation plc General Manager (Operations) Dr. Lyton Chithambo said government as well as non-state actors need to encourage and support youths in the country.

Chithambo: all stakeholders should encourage and support youths in the country

“Everybody needs to contribute in whatever little way they can. The rural youth needs to step forward and out of their comfort zone, the urban youth needs to think beyond their own material satisfaction and the other citizens need to push the youth and themselves to perform better, every single day,” said Chithambo.

Speaking at the same function, Director of Youth in the ministry of Youth and Sports Judith Msusa hailed NBM plc and other organizations that are supporting youth empowerment activities.