Key Business Points
- Localize leadership development to reduce dependence on international institutions and save foreign exchange.
- Invest in locally developed programs that respond better to local challenges and boost economic growth.
- Tap into unexploited opportunities in Malawi’s growing economy to attract foreign investment and stimulate growth.
FDH Financial Holdings Limited has made a significant move in the business sector with the unveiling of the Thomson Frank Mpinganjira (TFM) Centre of Excellence, a state-of-the-art leadership development facility in Mpemba, Blantyre. The centre is set to become the country’s hub for leadership training and innovation, featuring modern facilities such as executive boardrooms, conference facilities, and advanced internet and computer rooms. This investment is a bold step towards developing world-class leaders in Malawi, addressing a critical need in the country’s development.
According to FDH Head of Marketing and Communication Levi Nkunika, the institution will partner with international universities to bring in the latest courses that are making a global impact. By localizing leadership development, Malawi can reduce its dependence on international institutions, saving foreign exchange and attracting foreign currency by welcoming international leaders to train in the country. This is a significant opportunity for Malawi to take ownership of its development and invest in its future.
Nkunika also emphasized the importance of locally developed programs that respond better to local challenges. By investing in such programs, local profits stay within the country, boosting economic growth. This approach is in line with the Chichewa business phrase "Kupita ndi Kumphunzira", meaning "to go and learn", highlighting the need forMalawians to take ownership of their country’s development.
Despite ongoing challenges, Nkunika expressed optimism about Malawi’s broader economic prospects, citing the country’s growth opportunities. By focusing on what’s working, businesses can tap into unexploited opportunities and stimulate growth. As the Malawian business community continues to evolve, it’s clear that investments in leadership development and innovation will be crucial to driving economic growth.
In its next development phase, the TFM Centre will introduce hostels, a recreational centre, and an indoor sports complex, further solidifying its position as a hub for leadership development and innovation in Malawi. With this investment, FDH Financial Holdings Limited is paving the way for a new era of leadership and growth in the country.
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