BLANTYRE-(MaraviPost)-In a landmark agreement aimed at making clean energy solutions more accessible to Malawians, 265 Energy Ltd, the country’s leading gas and solar company on Tuesday, September 24, 2024 signed a Memorandum of Understanding (MOU) with the National Bank of Malawi (NBM).
This agreement allows NB customers to access a wide range of 265 Energy’s high-quality products through a convenient loan arrangement.
NBM Plc head of retail Oswin Kasunda told journalists after signing the MoU with 265 Energy that the move to ease customers accessibility to energy products while promoting green economy.
Kasunda expressed his enthusiasm about the partnership, highlighting the bank’s commitment to offering innovative financial solutions that empower Malawians.
He therefore assured customers of affordable loans with soft interest rates to access energy products.
“We want our customers to access energy solutions products with soft loans. We want to promote green economy while conserving our environment from exploitation”, assures Kasunda.
He adds, “Through this agreement, National Bank customers can now acquire 265 Energy’s top-tier products, such as gas cookers, industrial burners, solar systems, solar water pumps, and much more, on loan.
“This financing option is expected to greatly benefit Malawians by making these essential, yet high-cost, products more affordable and accessible to a broader
audience”.
In his remarks, Mfundo Mbvundula, the Founder and CEO of 265 Energy Ltd, emphasized the importance of the partnership in addressing the energy needs of Malawians.
“We want to provide affordable solutions to Malawians, and partnering with National Bank is crucial in that regard. The bank will finance all products its customers need that are on the higher side in terms of price.
“265 Energy provides high-quality solutions, from kitchen appliances to solar systems for homes, farms, schools, and businesses,” said Mbvundula.
He added, “This strategic partnership brings together two of Malawi’s most reputable brands to offer flexible financial solutions for clean energy products.
“The loan facility will enable more Malawians to embrace renewable energy and gas solutions, thus reducing dependence on traditional energy sources and contributing to environmental sustainability”.
