The Bankers Association of Malawi (BAM) President, Philip Madinga, has assured President Lazarus Chakwera of the association's support for Malawi's Agriculture, Tourism, and Mining (ATM) strategy, which is crucial for boosting the country's economy.

Madinga made these remarks at Kamuzu Palace in Lilongwe, where the BAM committee offered condolences to President Chakwera following the tragic death of Vice President Saulos Chilima and eight others in a plane crash on June 10, 2024, at Chikangawa Forest in Mzimba.

"We also came to share with the President our role as BAM in supporting the ATM strategy and financial inclusion. We will continue working with the government in achieving its agenda in developing our nation," Madinga stated.

During the meeting, Madinga emphasized the importance of the ATM strategy for generating much-needed foreign currency for the country.

He affirmed BAM's commitment to collaborating with the government and other stakeholders to drive economic growth and support the Malawi Vision 2063.

"Any economy requires a strong and robust banking industry to sustain its growth, and we are committed to playing our part in this," he added.

The BAM committee also took the opportunity to congratulate President Chakwera on appointing Dr. Michael Usi as the new Vice President of Malawi.

Additionally, BAM introduced its new leadership, including President Philip Madinga, who is the Chief Executive of Standard Bank Malawi; 1st Vice President Noel Mkulichi, Managing Director of FDH Financial Holdings Limited; and 2nd Vice President Agness Jazza, Chief Executive of First Capital Bank, Malawi.

Presidential Press Secretary Anthony Kasunda praised BAM and other stakeholders for offering their condolences, highlighting how traumatizing the incident has been for President Chakwera.

He noted the deep companionship between President Chakwera and the late Vice President Dr. Saulos Chilima.

Photo Credit: State House of Malawi Media