There are expectations that public institutions in Malawi will become more efficient, transparent, and accountable as newly appointed parastatal board members undergo intensive corporate governance training aimed at improving leadership, oversight, and decision-making, courtesy of a K67 million investment by National Bank of Malawi plc.
The initiative is expected to help State-Owned Enterprises operate more effectively and deliver better services and value to citizens. The Corporate Governance Orientation Programme, running from March 16 to 25, 2026, is taking place at Sunbird Nkopola and has brought together newly appointed parastatal board members, controlling officers, and senior government officials.
In a statement, NBM plc Marketing and Corporate Affairs Manager Akossa Mphepo-Hiwa said the initiative aims to strengthen corporate governance systems and improve leadership effectiveness within State-Owned Enterprises and other public institutions.
“We believe that strong institutions are essential for national development. Our sponsorship of this orientation programme demonstrates our dedication to supporting the government’s efforts to improve corporate governance in parastatals and other public institutions,” she said.
Mphepo-Hiwa added that the bank remains committed to working with government to promote efficiency, transparency, and accountability in the management of public institutions.
“As a strategic financial partner to government and State-Owned Enterprises, NBM plc continues to play a critical role in providing innovative financial solutions and advisory services that help public institutions operate efficiently and deliver value to Malawians,” she explained.
She said the programme will also create an opportunity for the bank to engage with senior government officials and leaders from State-Owned Enterprises while showcasing customised banking solutions tailored for public institutions.
According to the bank, collaboration between the financial sector and government institutions is vital in strengthening public sector effectiveness and ensuring that state corporations contribute meaningfully to Malawi’s economic growth.
