US EditionTrade Minister chides banks
Summary by Times Malawi
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Trade Minister chides banks
By Kingsley Jassi: Industry and Trade Minister Vitumbiko Mumba has called on commercial banks to abandon risk-averse lending practices and adopt risk-sharing approaches to unlock financing for Malawi’s underdeveloped banana industry. Speaking at the inaugural Banana Conference held in Lilongwe on Friday, Mumba said inadequate greenfield project financing continued to fuel structural economic challenges, with banks’ excessive risk sensitivity ham…
·Malawi
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