Amid fuel shortage, NBM finances electric vehicles in Malawi
By the AFREEQUE newsroom, based on The Maravi Post
National Bank of Malawi is inviting its customers to request a quotation from Sky Energy Africa and apply for its green finance facility to acquire electric vehicles, as the fuel shortage enters its second month. The facility was launched at the end of 2025, according to The Maravi Post.
The National Bank of Malawi (NBM) is inviting its customers to buy electric vehicles from Sky Energy Africa through its "Green Finance" credit facility, to escape the fuel shortage, which is entering its second month, according to a bank advert reported by The Maravi Post. Titled "Save your Company from fuel stress", it asks customers to obtain a quotation from Sky Energy Africa and then apply for financing.
NBM launched the facility at the end of last year, with Sky Energy Africa and Energy 265 as partners, to finance renewable energy solutions. The bank itself bought an electric vehicle from Sky Energy Africa. Its SME consultant Micheal Chikapa sees it as reflecting the ambition to lead the country’s green transition.
Sky Energy Africa’s chief operating officer, Kondwani Tchereni, says that one charge costs about 5,000 to 5,500 kwachas for 300 to 350 kilometres.
Two weeks ago in Lilongwe, Sky Energy Africa unveiled a network of 100 electric taxis and 40 charging stations, with the Sky Ride platform. The fuel shortage was already persisting at the end of October.
