Minister of Finance, Economic Planning and Decentralization Hon Joseph Mathyola Mwanamvekha MP has hailed the partnership between the European Investment Bank (EIB) and Centenary Bank Malawi, saying it will help expand financial inclusion and access to capital for Malawians.
Speaking at the official launch at BICC in Lilongwe, Mwanamvekha said EIB is providing €7.5 million (about MK15.6 billion) through Centenary Bank to support small agricultural businesses and farmers, with a focus on sustainable agriculture, women and youth empowerment.
Mwanamvekha said the partnership will help farmers invest in better inputs, enable small businesses to grow and create jobs, describing financial inclusion as an important tool for improving livelihoods and economic growth in Malawi.