FDH Bank on Monday partnered African Guarantee Fund (AGF) to boost small and medium enterprises (SMEs) in a deal worth about $3 million (about K2.25 billion).
AGF is a pan-African guarantee provider established by a number of African governments and operates in 38 countries with more than 100 partner financial institutions.
Speaking at the signing ceremony in Lilongwe, FDH Bank managing director Eric Ouattara said the partnership will unlock financing and accelerate growth of SMEs.
The partnership has come against the backdrop of challenges SMEs face to access finance to grow their businesses.
FDH Bank has sponsored the Professional Golfers Association of Malawi at a tune of K7 180. 000 ($10 000).
The sponsorship is towards The Warm Heart Pros Tour 2018 that will take place this November at Lilongwe Golf Club.
Head of Marketing at FDH Bank, Levi Nkunika , presenting the cheque to Pat Shycal the president of Professional Golfers Association said FDH Bank recognizes golf as a game enjoyed and loved by its clients and this provides a platform for the bank to engage with these clients.
FDH Bank has donated K2.5 million to the second Wealth Creation Forum which will be held in at the Bingu International Convention Centre (BICC) in Lilongwe.
Wealth Magazine Managing Executive Harry Chima who is organising the forum thanked FDH Bank for the donation.
“We have come to realize that ideas have a very short shelf life. Many people have got many entrepreneurial ideas but they don’t know how to about executing them hence this forum.
One of the leading banks, FDH has given out tickets to this year’s Lake of Stars (LoS) festival which kicks off on Friday to Sunday at Kambumba Hotel in Salima to 10 winners in a promotion aimed at creating hype for the festival.
FDH Bank had two Lake of Stars promotions. One was a ‘like and share’ competition on social media while the other one targeted customers that Open Ufulu Digital Accounts or Deposit a minimum of K5000 into their Ufulu Digital Accounts. The promotions run from 28th August to 20th September, 2018.
FDH Financial Holdings Limited Chief Executive Officer Dr Thomson Mpinganjira has become the first Malawian entrepreneur to be nominated in two continental prestigious business awards.
Mpinganjira is Southern Africa finalist in the Business Leader of the Year and Entrepreneur of the Year Categories, a first feat ever done by a Malawian.
The team of judges led by Sam Bhembe, CNBC Africa Non-Executive Director, evaluated hundreds of applications, narrowing them down to the finalists using stringent criteria.
The Southern Africa finalists for the 2018 8th annual All Africa Business Leaders Awards (AABLA™) were announced on September 20 2018 at the regional gala dinner function hosted in Rosebank, Johannesburg.
FDH Bank has given K5 million to the Higher Education Students Loans and Grants Board (HESLGB) to cater for operations of the board. Speaking in Lilongwe on Friday, FDH Bank head of marketing and communication Levie Nkunika said paying school fees for needy students is one of the bank's corporate social responsibilities.
"Most of FDH Bank senior officials could have not been able to complete tertiary education had it not been for government loans then," he said. HESLGB chief executive officer Chris Chisoni thanked FDH Bank for the donation. He said the money will be used for the organisation of the Association of Higher Education Financiers Conference for Africa, which will attract delegates from 20 countries this month.
FDH Bank has launched an online platform dubbed One Click which seeks to provide convenience to customers sending money to multiple accounts at once.
The bank also unveiled a corporate suite for their corporate customers situated at Umodzi Park in Lilongwe.
FDH Bank Managing Director, Eric Ouattara, said One Click is an electronic bulk payment system designed to allow customers access to payment solutions that make payment to multiple beneficiaries possible.
FDH Financial Holdings supported the 2018 ICAM Lake Conference to the tune of K4million. In the picture, FDH Head of Marketing, Levie Nkunika (right) is seen handing over the sponsorship to ICAM CEO, Dr Francis Gondwe (left) flanked by ICAM and FDH Officials.
FDH Bank and Carrick have promised to come out bigger and better in next year’s golf event, having successfully sponsored the One-Click Golf Tournament at the country’s premier golf course of Lilongwe Golf Club (LGC).
A total of 86 golfers from the host club and its sister clubs graced the event, which was divided into men and ladies’ sections.
FDH Deputy Managing Director William Mpinganjira expressed satisfaction with both the golfers’ turn-up and organization of the tournament.
In line with its commitment to championing growth in various sectors in the country, FDH Bank supported the upcoming Chartered Institute of Marketers Malawi (CIM) Lake Conference to the tune of K2million. In the picture, FDH Bank Head of Marketing, Levie Nkunika (left) is seen handing over the sponsorship to CIM President, Micheal Khoman.