Malawi: AgriFI invests in NBS Bank

On 28 January 2025, EDFI Management Company (EDFI MC) announced a strategic investment in NBS Bank Plc, a financial institution in Malawi. This investment, as part of the AgriFI ACP regional window, supported by the Secretariat of the Organisation of African, Caribbean and Pacific States (OACPS) aims to strengthen and support NBS Bank Plc to become the reference lender to the food and agriculture segment in Malawi.

NBS Bank Plc aims to become the prime lender to the agriculture sector in Malawi. The bank is pursuing an ecosystem approach, identifying strong transformers and exporters in the tea and macadamia value chains who will be eligible to receive NBS financing. This initiative aims to support the diversification of the agricultural sector and contribute to the economic development of Malawi.

Yvonne Chileshe, Expert on Value Chains at OACPS stated “The OACPS is happy to support this significant investment in NBS Bank Plc.  By focusing on smallholder farmers and key agricultural value chains, this initiative aligns perfectly with our mission to facilitate access to finance for the missing middle thereby promoting sustainable development and improving livelihoods across the OACPS region. We believe that this collaboration will drive positive change and create opportunities for smallholder farmers to thrive.” This investment in NBS Bank Plc aligns with its mission to unlock, accelerate, and leverage sustainable investments in medium, small, and micro agri-enterprises (MSMEs) that operate in developing countries, with a specific focus on smallholder inclusiveness.

Rodrigo Madrazo, CEO of EDFI Management Company said: “Our investment in NBS Bank Plc underscores our commitment to supporting smallholder farmers in Malawi. By focusing on key agricultural value chains, we aim to enhance productivity and livelihoods, and driving sustainable growth in the region.” This investment will have a significant impact on smallholder farmers by facilitating access to financing and resources that will help improve their productivity and livelihoods.