Malawi Secures $100M Investment Boost Through NBS-Afreximbank Agreement
Malawi is set to benefit from over US$100 million in strategic investments following the signing of a three-year Project Facilitation Agreement between NBS Bank plc and the African Export-Import Bank (Afreximbank).
The agreement marks a major step forward in preparing and financing high-impact projects across key economic sectors.
The agreement, signed in Abuja, Nigeria, establishes a Joint Project Preparation Facility (JPPF) that will support pre-investment activities such as feasibility studies, technical evaluations, and legal advisory services. The aim is to build a strong pipeline of bankable projects in priority areas including energy, transport, manufacturing, and tourism.
NBS Bank CEO Temwani Simwaka said the deal aligns with Malawi’s development vision. “This agreement reflects our long-term goal to catalyse national development. Partnering with Afreximbank enhances our ability to deliver transformative projects that meet both national and regional goals,” Simwaka said.
Afreximbank Executive Vice President for Intra-African Trade Kanayo Awani emphasized the bank’s commitment to empowering local institutions.
“This framework is about enabling institutions like NBS Bank to take the lead in project development. It supports Malawi’s integration into intra-African trade while unlocking its economic potential,” she stated.
As part of the agreement, Afreximbank will also implement training and capacity-building programs for NBS Bank staff, including secondments to the bank’s Cairo headquarters, to strengthen technical expertise and project origination capabilities.
