Malawi bank offers green loans for electric vehicles as fuel shortage enters second month

National Bank of Malawi is pushing businesses toward electric vehicles through its Green Finance facility, citing a fuel crisis now in its second month. The bank is directing clients to get quotes from Sky Energy Africa and apply for credit to buy EVs, part of a broader push into renewable energy financing in Malawi. A single charge reportedly costs about K5,000 to K5,500 and covers 300 to 350 kilometers. Sky Energy Africa also recently unveiled Malawi's first integrated electric mobility ecosystem, including an initial fleet of 100 Geely EX2 EVs, 40 public charging stations, and a ride-hailing and fleet management platform. The move ties EV adoption to fuel security and lower emissions, but practical questions remain around charging coverage, grid reliability, and whether the loan terms make EVs affordable for local businesses.