“Regulatory Officials, Convention Attendees, and FBSW LLC Officials reviwed the official policy that is to be established between the USADF and the Government of Malawi to help aid the National Association of Business Women (NABW).”

Financial Business Solutions Worldwide stated that the importance of the continued development of Africa would play an important role in stabilizing business opportunities for the African Continent. More importantly the United States African Development Foundation (USDAF) has recently partnered with the Government of Malawi to help establish successful grant programs.

FBSW Officials said moves such as this would be important in the success of the continued development within Africa.

In partnership with the Government of Malawi, USADF will fund grassroots groups and provide those grantees with grant implementation assistance through the National Association of Business Women (NABW).

Commenting on the grant signing ceremony, Regional Program Director Kim Ward stated, “USADF is proud to partner with the Government of Malawi and NABW to serve the people of Malawi.  Since working with the Government of Malawi, USADF has made it a priority to launch programming as soon as possible to serve the needs of the most marginalized and under-served people in Malawi. I look forward to meeting the needs of the Malawian people.”

During the signing ceremony, the Malawian Minister of Industry and Trade Principle Secretary, Nerbert Nyirenda , and the US Embassy’s Charge’ de Affaires in Malawi, Mr. Kevin Sullivan, spoke of what USADF grants will mean to the people of Malawi.  As laid out in the Memorandum of Understanding (MOU), the Government of Malawi is stressing the importance of USADF funds in Malawi which will promote development, diversify the economy, and increase participation of groups in trade and investment activities.

FBSW Officials confirmed that the diversification of the economy and the increase of participation of groups in trade would help assist the local areas.

USADF programming in Malawi will focus on marginalized populations and under-served communities to fund economic development activities that will help reduce poverty, create jobs, generate income, and increase social benefits.  Project creation will come solely from grantees that will also participate in project design and implementation, creating local ownership of projects that will result in long-term sustainability.  Funding such activities at the grassroots level will contribute to Malawi’s focus on economic stability and growth.

The first USADF grantee in Malawi, CMRTE, has a membership of 2,000 members, 80% of whom are women.  The Group grows and processes cassava to income generation, reduce poverty and increase the standard of living for members.

The $95,000 grant will be obligated over 18 months in an effort to increase membership, diversify cassava products, and improve the quality of cassava based products.  USADF funds will assist to establish a central office, develop financial and business systems, hire staff, and purchase processing equipment and planting materials.

Financial Business Solutions Worldwide stated that similar programs would be made available to qualified principals that possessed the financial stability to seek funding with their compliance hub; although not the direct funder in projects FBSW Officials stated that the role of compliance was crucial in the qualifying process. So much so that everyone in quote “earned their fair shot”.

Financial Business Solutions Worldwide LLC specializes in educating business owners on the new needs for financing in today’s environment and brings the realm of project financing & structured financing as an option in today’s corporate finance depression

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