Construction and Export Manufacturing Guarantee and Re-Financing Facility CoNEM

Provides up a guarantee of up to 80% guarantee for construction and installation of export manufacturing infrastructure.

ConEM Introduction

ConEM is a financing facility designed to accelerate the growth of Malawi’s export manufacturing sector by bridging critical funding gaps for agro-processing and light industrial businesses. It supports the development of infrastructure needed to scale production and add value to Malawi’s exported merchandise.

The facility provides up to 80% guarantee for the construction and installation of export-oriented manufacturing infrastructure—making it easier for businesses to secure financing from commercial banks and other lenders.

Beyond construction, ConEM also offers refinancing support to qualifying projects, enabling manufacturers to expand processing capacity, improve efficiency, and enhance competitiveness in regional and global markets. By unlocking long-term capital, the facility helps drive industrialization and value addition across key sectors.

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Key Requirements

To access EDF services under this product, applicants must meet the following general criteria:

  • Registered Entity: Applicant must be a legally registered business in Malawi.

  • Land Ownership or Availability: Proof of access to land for construction and installation of manufacturing infrastructure.

  • Feasibility Study Report: A detailed feasibility study outlining the project’s export orientation and financial viability.

  • Owner’s Contribution: Minimum of 20% of the total project cost.

  • Collateral: Physical assets, guarantees, or inventory to secure the facility.

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Benefits & Application Process

``Unlock long-term value through risk-sharing and tailored export financing — with a guided, transparent application process designed to support your journey.``

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Product Benefits

  • Promoting the development of agro-processing and related infrastructure in Malawi to international standards.
  • Addressing concerns around agro-processing risks through innovating a structured instrument that will attract financiers in the development of value addition and related activities.
  • The project is afforded the opportunity of achieving a longer financing maturity than EDF or any other entity financing the construction phases will ordinarily be willing to give.

Application Requirements

  • Profiles of the Company/Project promoters, Board and management;
  • Business registration certification and memorandum and articles of association;
  • Market Study report;
  • Feasibility study report;
  • Comprehensive Financial Model;
  • Environmental and Social Impact Assessment report;
  • Business plan covering the financing period;
  • Engineering designs and Bills of quantities;
  • Profile of proposed contractors;
  • Operating service agreement with the suppliers of equipment;
  • Title of the proposed property on which the project will be developed;
  • Owners’ contribution for at least 30% of the total project cost.

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