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FDH counts startup programme gains

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By Lazarus Nedi:

FDH Bank plc in partnership with Malawi University of Business and Applied Sciences (Mubas) are implementing a graduate startup programme where students working in groups pitch business ideas for funding consideration.

The initiative, under the bank’s sustainability programme, was initiated amid concerns over rising unemployment levels among graduates in the country.

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Through the programme, FDH Bank and Mubas are encouraging students to conceptualise possible business ventures as part of inculcating entrepreneurial culture.

Already, five groups of students were identified to implement ventures in various sectors of the economy including education, energy, manufacturing and real estate management.

First project under the programme is Rise and Shine Primary School in Mulanje District, which the bank supported with K45 million.

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Speaking at the unveiling ceremony of the school on Tuesday, FDH Bank Deputy Managing Director George Chitera said the partnership with Mubas promotes entrepreneurship mindset among students and youths in the country.

“As a bank, we strongly believe there is immense potential among the youth and our role is to unleash that potential.

“We are delighted to see an idea that was just an idea come to life in the form of a school. I have to say Rise and Shine is one of the best schools here in Mulanje,” Chitera said.

He said already, the school is offering the best services plus offering employment opportunities.

Other initiatives pitched by students which the bank intends to support are biogas and fertiliser production, school of arts, furniture production and a real estate project.

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