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Private sector targets K100m for floods

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The private sector through the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) is targeting to raise about K100million to assist flood victims in the country.

Meanwhile, one of the county’s commercial banks, FMB, has donated K20 million for the initiative while CDH has contributed K1 million towards the same.

Speaking when he received the cheque from FMB on Friday, MCCCI Chief Executive Officer Chancellor Kaferapanjira said the private sector has decided to take a key in assisting the flood victims.

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“We are targeting between K50 million and K100 million through both kind and cash donations. Already we have started receiving good response and the donations will be channeled through to Vice President’s office, which is handling the matter,” said Kaferapanjira.

He further said the chamber expects more donations to come forward from the private sector.

FMB Marketing Manager Slyvia Nankwenya said the bank saw the need to assist Malawians who have been affected by the floods.

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What we have in the country at the moment is a disaster that has affected everybody and we are trying to offer some hope to the people,” she said.

On the same day CDH Investment Bank also handed over a K1million cheque to MCCCI.

Vice President Saulos Chilima told journalists in Blantyre on Friday that K5 billion is required to help in assisting the flood victims

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