NBM supports Fimda annual conference

Malawi Stock Exchange (MSE)–listed National Bank of Malawi Plc (NBM) on Thursday donated K2 million to the Financial Market Dealers Association (Fimda) towards hosting its annual conference slated from October 13 to 15 2023 at Sunbird Nkopola Lodge in Mangochi.

This year’s conference is under the theme ‘The Role of Financial Markets in the Attainment of MIP-1 Pillar 1’, highlights the significance of Pillar One: Agricultural Productivity and Commercialization, a key part of Malawi’s development.

Speaking during the cheque presentation, NBM senior dealer Lysan Pidini said financial market dealers have a role to play in the economy.

He said: “They are responsible for determining the pricing of foreign exchange rates, similar to how they influence pricing in the money market for various financial products.

“We are confident that the conference attendees possess valuable experience within the financial market, and we aim to collaborate on ideas that can lead to innovative products addressing the pressing economic challenges.”

On his part, Fimda official James Mbingwa said the sponsorship will go a long way in organising the upcoming conference.

“The conference will gather numerous experts to deliberate on economic issues, and we anticipate that attendees, including dealers, will gain valuable insights.

“This year’s theme is dedicated to addressing pressing national concerns related to forex generation. As forex traders, we often find ourselves at the forefront of efforts aimed at both trading forex and resolving challenges critical to boosting the much-needed forex inflow,” he said.

CAPTION

Pidini (R) presenting a dummy cheque to Mbingwa