EDF, FDH Bank Partner to Formalise Malawi Gold Trade - Business News Malawi

EDF expands gold market to districts

Export Development Fund (EDF), an investment arm of the Reserve Bank of Malawi (RBM), is establishing four additional gold trading centres in Karonga, Mzimba, Mangochi and Blantyre to expand access to the country’s formal gold market. The expansion comes as Malawi has, so far, purchased 1.63 tonnes of gold, equivalent to approximately 1,630 kilogrammes (kg), since the establishment of the formal gold market. To read more, click times.mw/etimes/

EDF and FDH Bank Partner to Drive Malawi's Gold Buying Expansion

Key Business Points Expansion of formal gold buying centres to Karonga, Jenda, and Mangochi creates new local economic activity and traceable supply chains for entrepreneurs. RBM converting gold to foreign […]

EDF, FDH Bank partner to formalise Malawi gold trade - Business News Malawi

Malawi’s Export Development Fund (EDF) has struck a partnership with FDH Bank to open four new Gold Trading Centres in Karonga, Mzimba (Jenda), Mangochi and Blantyre, as the state-backed fund seeks to draw a greater share of the country’s gold trade into formal channels. The tie-up extends EDF’s purchasing network beyond its existing outposts in […] The post EDF, FDH Bank partner to formalise Malawi gold trade appeared first on Malawi News | Bre…

EDF partners FDH Bank to expand gold-buying

The Reserve Bank of Malawi (RBM) subsidiary Export Development Fund (EDF) has partnered FDH Bank plc to capture more of the couontry’s gold through formal channels and increase purchases from small-scale miners and traders nationwide. In a statement on Friday, EDF said the Malawi Stock Exchange-listed bank will host the centres at its branches in …