Malawi’s banking system has eleven banks three of which are pan- African: Standard Bank, NEDBANK and Ecobank. But there is also strong foreign presence in three other banks. Moreover, some of the locally registered banks have already opened branches or acquired controlling stakes in banks in neighboring countries.
The central theme of MEP is to establish an Institution for Financial Inclusion, which will spear-head all key activities and hopefully bring all the efforts of diverse players together to achieve our objective of total financial inclusion for all. This is basically the reason why we are here today ……. to witness the Launching of CEFI.