Friday, July 12, 2024
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BAM Leadership Endorses Usi Appointment, Pledges Support for Chakwera’s Development Vision

In a continued display of solidarity and endorsement of the appointment of Dr. Michael Biswick (MB) Usi as the new Vice President, the Bankers Association of Malawi (BAM) has extended its congratulations to His Excellency, Dr. Lazarus McCarthy Chakwera, the President of the Republic of Malawi, on his choice of MB-Usi as the late Chilima’s replacement.

This gesture comes 6 days ahead of the expiry of the 21 days of national mourning that President Chakwera declared on 11th June 2024 following  a tragic loss of the country’s Vice President late Right Honourable Dr. Saulos Klaus Chilima and eight others in a plane crash.

Newly appointed BAM President, Phillip Madinga, led a delegation of bankers to Kamuzu Palace in Lilongwe, where they conveyed their condolences to President Chakwera.

Amidst the grief, Madinga emphasized the importance of moving the country forward, stating, “The President needs a pillar on his side. A Vice President is very important if we are to forge ahead with the agenda of Malawi’s economy.”

The meeting provided an opportunity for the BAM delegation to introduce the new BAM Executive to President Chakwera.

Madinga expressed the association’s commitment to supporting the Vision Malawi 2063 Agenda and the Malawi Implementation Plan (MIP), highlighting the banking industry’s willingness to collaborate on initiatives such as the Agriculture, Tourism, and Mining (ATM) Strategy, as well as the development of Mega Farms, which are seen as critical for the country’s future.

Presidential Press Secretary Anthony Kasunda acknowledged the significance of the BAM’s visit, stating that President Chakwera finds comfort in the support and encouragement of the people during this painful time.

The Bankers Association of Malawi’s pledge to stand shoulder-to-shoulder with President Chakwera and his administration underscores the crucial role of the financial sector in driving Malawi’s economic transformation.

As the nation navigates the challenges ahead, this partnership promises to be a cornerstone in realizing the ambitious goals set forth in the Vision Malawi 2063 Agenda and the Malawi Implementation Plan.

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