New Finance Bank rescues two Must students


The New Finance Bank (NFB), on Thursday rescued two needy Malawi University of Science and Technology (Must) students when it presented scholarships worth K8 million.

The two, Lloyd Manda and Michael Hauli, were among many needy students left out on a list of students to access public university students’ loans this year.

The scholarships will cater for university tuition fees as well as food for their four-year stay at Must.


NFB Head of Corporate Banking, Stabeni Majamanda, said the bank is committed to improving standards of education in the country.

“We have to have a shared value in terms of where we are operating. We should be able to give back to the customers as they are building us,” Majamanda said.

Must Vice Chancellor, Address Malata, said the support will go a long way towards improving access education the needy students at the university.


“These two are privileged that the bank decided to support them and we are delighted that the bank came to our rescue,” she said.

One of the two students, Manda, also spoke highly of the bank’s gesture, rating it as timely.

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