National Bank of Malawi on Friday donated K60 million to the Malawi University of Science and Technology (Must) endowment fund.
The fund, which seeks to help needy students and improve resource mobilisation at the school, was launched earlier this year
Speaking at the event, NBM Chief Executive Officer McFassy Kawawa said the fund is in line with the bank’s wish to support education in the country.
“The achievement of the country’s Malawi 2063 ought to do with, among other things, growth of human capital and that is through education and skills development. Therefore, we are supporting this fund because we believe it will achieve this,” Kawawa said.
Must Vice Chancellor Address Malata said over 40 percent of students need support.
“We are also looking at some of the infrastructure we have which needs to be rehabilitated and renovated and other projects such as hostels for students,” she said.
The fund is an ongoing initiative where different organisations, companies and individuals will be donating to foster the university’s development.
Justin Mkweu is a fast growing reporter who currently works with Times Group on the business desk.
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