FMB advancing reforms agenda | The Times Group

Post was last updated: March 29, 2017

FMB has roped in former Principal Secretary in the Ministry of Labour, Sports and Manpower Development, Patrick Kabambe, as part of the bank’s commitment to support government’s reforms agenda.

Kabambe has been recruited to head the bank’s Government and International Organisation’s Department whose main task is to work closely with government agencies and international organisations to develop banking solutions that are supportive of the public sector reform agenda.

Kabambe said his department is engaging various stakeholders including Ministries, Departments and Agencies to come up with products and solutions for effective delivery of their services.

“At a time when donor confidence has been eroded through reported cases of corruption, theft and fraud of public resources, FMB is offering products that will ensure that resources go to the intended beneficiaries and are fully accounted for,” he said.

Over the last three years, FMB has been implementing an e-payment system on behalf of the Ministry of Gender, Child Development and Social Welfare to deliver an e-payment solution in the implementation of Irish Aid funded Social Cash Transfer programme.

Under the programme, over 8,000 households in Balaka receive their monthly cash payments through a tailor made savings accounts which the bank has opened for the beneficiaries.

The system has achieved financial inclusion the 8,000 individuals, who ordinarily would not have been banked, into the banking system.

FMB has also developed other payment systems that can be used in mass payment to beneficiaries, including biometric features as a control measure.

FMB is also supporting City Councils in the collection of city rates. Currently, citizens of the cities of Blantyre, Zomba and Lilongwe can pay their city rates either through collection counters manned by FMB or through any FMB branch throughout the country.

This is a specialised department focused solely on the needs of and requirements of public and development oriented organisations.

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