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The Investment and Development Bank of Malawi was inaugurated on 30th December 1972 with the main objective of contributing to the advancement of productive business enterprises, which in turn contributed to the economic and social progress of the country. The Bank achieved its objective by obtaining overseas resources to supplement local resources for investment made preferably, but not entirely, in limited liability companies or corporations. First priority was given to agricultural and agro-processing sectors with a view to broadening Malawi’s export base. Second priority was given to processing and manufacturing industries which either saved foreign exchange through import substitution or generated foreign exchange through exports. Funds were also provided to other sectors such as hospitality, property development and other services.

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