Ecobank Malawi has obtained a $10 million trade financing guarantee from Proparco, which will enable the bank to secure confirmation lines on Letters of Credit for the importation of strategic commodities like fertilizers.
In a pioneering move within the realm of savings and credit cooperatives (Saccos), Mudi Sacco has emerged as a trailblazer by introducing its innovative WhatsApp Chatbot exclusively for its members, marking a significant leap forward in technological integration among over 40 Saccos nationwide.
Zimbabwe has reaffirmed its commitment to regional solidarity by donating a second tranche of humanitarian aid to Malawi, as the country battles food insecurity caused by prolonged dry spells.