While there were risks and uncertainties that persisted throughout the year, such as the worry over the possibility of a hard economic landing in China; the anxiety over the direction of oil prices, and commodity prices in general; and the market meandering due to the uncertainty in the timing, pace, and magnitude of the US Fed’s policy rate normalization, there were specific events that shocked the market.
For this, I would like to thank the board and management of CDHIB for ensuring that the bank’s customers are provided with modern facilities. Mr Chairman, the acquisition of the building by your bank demonstrates your strong commitment as a long term investor in Malawi. Malawi requires committed strategic investors if the country is to progress economically.