Friday, May 20, 2022
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Ecobank challenges firms to tap into DRC market

by Christopher Jimu
06/10/2017
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

 

Ecobank Malawi managing director Charles Asiedu has challenged local businesses, especially those in agri-business, to take advantage of the huge market in Democratic Republic of Congo (DRC).

Most Malawian traders in agri-businesses export their produce to Zimbabwe, Zambia, South Africa and some East African   countries.

Asiedu: Market remains untapped

In an interview in Lilongwe on Wednesday on the sidelines of a trade breakfast meeting the bank organised for its customers, Asiedu said commodities such as rice, legumes and maize are on high demand in DRC.

The meeting was organised to enlighten businesses on some of the products the bank offers to help their businesses grow.

Asiedu said issues of payment do not arise because the bank has offices in DRC and availability of dollars is also not an issue.

“We have seen growing trade between Malawi and its neighbouring countries, but the market that remains untapped is DRC,” he said.

Asiedu challenged businesses that Ecobank is ready to facilitate a visit to DRC depending on the numbers of businesses interested to explore the new market.

Minister of Industry, Trade and Tourism Henry Mussa commended Ecobank for organising the event, saying access to finance remains one of the biggest challenges affecting the growth of small and medium enterprises (SMEs).

“For any business to thrive they need to access finances with ease. You can never talk of trade without finances and banks must ensure that they provide better lending facilities to SMEs,” he said.

Mtalimanja Holdings Limited managing director  David Kamchacha said they have just signed contracts with some companies in DRC to supply rice.

Previous Post

Mixed feelings on insurance levies

Next Post

Harmonise VAT collection, ST urges tax administrators

Related Posts

Business News

Maldeco initiative bears fruits, boosts fish output

May 20, 2022
Business News

Grain traders rue maize export silence

May 20, 2022
Ntupanyama: Fisheries sector 
is crippled by overfishing
Business News

Ministry hails K124m investment in clean agriculture

May 19, 2022
Next Post
Some of the participants during the meeting

Harmonise VAT collection, ST urges tax administrators

Opinions and Columns

Business Unpacked

Fixing economy needs action, not rhetoric

May 19, 2022
Candid Talk

Know your place in his/her life

May 15, 2022
People’s Tribunal

Why can’t we start with implementing the reforms?

May 15, 2022
Big Man Wamkulu

My wife is a WhatsApp addict

May 15, 2022

Trending Stories

  • CAF accepts FAM’s request on Flames fixture shift

    0 shares
    Share 0 Tweet 0
  • Onesimus leaves Major One Records

    0 shares
    Share 0 Tweet 0
  • MCTU pushes for 75% minimum wage hikeof

    0 shares
    Share 0 Tweet 0
  • Laboratory scientists give government 14 day ultimatum

    0 shares
    Share 0 Tweet 0
  • UN bets K66bn on LMC’s plan

    0 shares
    Share 0 Tweet 0

Malawi-Music.com Top10

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.