CDH Investment Bank (CDHIB) has singled out agriculture as its key focus area for more investments, adding that the  sector has the potential to offset the country’s trade deficit.

CDHIB chief executive officer Kwame Ahadzi said on Saturday in Lilongwe during commemorations marking the bank’s 10th anniversary that there is a need to identify areas where Malawians can develop themselves.

He said: “There is a lot we can do in the agri-business case and grow enough to export and earn foreign exchange for our country.

“As a bank, our focus is on identifying those areas to make sure that we provide as much capital as possible for these agri-businesses.”

In her remarks, Institute of Bankers in Malawi chief executive officer Lyness Nkungula praised CDHIB for supporting the country’s economic development in the past decade.

“I implore the bank to continue supporting our country’s development agenda by deploying its skills set to mobilise capital and talent from local and international capital markets, a role CDH Investment Bank has been known for, over the 10 years,” she said.

During the commemorations in Blantyre last week, Reserve Bank of Malawi Governor Wilson Banda commended CDHIB for leading and contributing to growth in the investment banking space.

He encouraged CDHIB to continue its efforts to grow the capital markets by creating as much tradable financial instruments as possible and listing these on Malawi Stock Exchange.

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