EDF Earns an ‘A’ Rating in Development Impact Assessment
The Export Development Fund (EDF) has received an ‘A’ rating for development impact following a peer review assessment by the Association of African Development Finance Institutions (AADFI). EDF has been awarded the Prudential Standards and Guidelines Rating System (PSGRS) Rating Award for achieving a performance result of A in the 2024 PSGRS Rating exercise. The...
New UK Trade Scheme Eases Export Rules for Malawian Businesses
The United Kingdom has introduced a new trade scheme that grants Malawi duty-free, quota-free access to 99.8% of its exports to the UK, a move expected to boost Malawi’s export sector. The Developing Countries Trading Scheme (DCTS), launched in 2023, replaces the Generalised Scheme of Preferences (GSP) that previously governed Malawi-UK trade. The DCTS offers...
EDF Posts Strong Financial Performance in 2024: Profit Rises by 95%
The Export Development Fund (EDF) has reported a strong financial performance for the year ended 31 December 2024, with profit after tax rising by 95% to K18.9 billion, compared to K9.7 billion in 2023. This growth reflects EDF’s focused support towards high-potential, export-oriented sectors and significant recoveries from loan impairment provisions. According to the audited financial...
EDF Encourages Macadamia and Mango Value Chain Players to Explore its Financing Options
The Export Development Fund (EDF) has encouraged businesses in the macadamia and mango value chains to explore the financing options it offers to support their operations. The call was made during a workshop organized by the Malawi Investment and Trade Centre (MITC) and the Malawi Value Chain (MVC) project for mango and macadamia value chain...
Export Development Fund and Norsad Capital Forge Strategic Partnership to Boost Malawi’s Export Potential and Economic Growth.
Export Development Fund (EDF) and Norsad Capital have joined forces to support Malawi’s export potential and economic growth. The partnership was unveiled on Wednesday, the 16th of August, in Lilongwe following the signing of a Memorandum of Understanding (MOU), between the two institutions. Under the MOU, EDF and Norsad Capital will collaborate in exploring potential...
Management & Corporate Governance
Board of Directors EDF is governed by a Board of Directors whose representatives are primarily from the Reserve Bank and private sector. The Board’s responsibility is to supervise the direction and management of EDF and oversee our strategic direction as outlined in our Corporate Plan. Board members are appointed by the shareholder. Dr. Ted...
About Precious Metals & Minerals
] The Precious Metals and Minerals Unit (PMMU) As a development finance institution (DFI) , Export Development Fund is in charge of promoting the growth and diversification of Malawi’s exports. One of its key initiative in achieving this goal is through its Precious Metals and Minerals Unit, which aims to promote the mining industry by...
Dr Ted Nakhumwa
Board Chairperson Dr. Teddie Oliver Nakhumwa is the National Coordinator for the Agricultural Commercialization Project (AGCOM). He previously worked for the British Department for International Development (DfID) in Malawi as an Economic Adviser (2008-2017), and at the University of Malawi’s Bunda College of Agriculture (now the Lilongwe University of Agriculture and Natural Resources) as a...