FDH Bank Provides KM150 Million in Scholarships

FDH Bank, the financial institution founded by Malawian entrepreneur and investor, Dr Thomson Mpinganjira, set aside MK150 million to fund scholarships in tertiary institutions to support Malawi’s education sector.

Dr Mpinganjira explained that FDH Bank had entered into agreements with various educational institutions with the aim of motivating growth. Dr Thomson Mpinganjira asserted that such institutions are an integral component in shaping the future of Malawi, adding that FDH Bank is proud of its rewarding working relationship with such highly regarded institutions.

Dubbed the ‘FDH Cares Corporate Social Responsibility Education Scholarships’, the program will enable 16 students to study four-year courses at the Polytechnic and Chancellor College, as well as financing scholarships for 12 students to study five-year courses at the Malawi University of Science and Technology (MUST). Learn more about this leading Malawian learning institution by viewing the attached PDF.

Mary Wasiri, Registrar for Chancellor College, thanked FDH Bank for its generous support. Address Malata, MUST’s Vice Chancellor Professor, remarked that it had been sad to see needy students failing through lack of money to buy food and meet other basic necessities. She explained that although the Malawi Government offers student loan facilities, not all students qualify for the scheme. Ms Malata pointed out that by providing the funding, FDH Bank is supporting Sustainable Development Goals, facilitating education and empowerment of female pupils.

Precious Chigamba, who benefited under the scholarship scheme, said that as a medical student specialising in microbiology, her ambition to work in vaccine development – particularly for waterborne diseases and HIV – had all been made possible thanks to FDH Bank’s generous sponsorship scheme.

FDH Bank’s Deputy Managing Director, William Mpinganjira, explained that the fund will support the students throughout their college and university studies. He pointed out that that as well as providing scholarship funding, FDH Bank had also presented internship opportunities to 10 university students, explaining that this demonstrated the bank’s commitment to supporting the Government of Malawi in driving the country’s education sector forward.

William Mpinganjira urged all scholarship beneficiaries to make the most of their opportunities, explaining that one key aspect that the bank looks at very closely is academic performance. He pledged his confidence in the beneficiaries, commenting that he expected the group to reconvene in a few years to celebrate their graduations.

FDH Bank: Corporate Social Responsibility

FDH Bank operates a strident Corporate Social Responsibility (CSR) strategy, honed to support socio-economic growth throughout Malawi, concentrating on education and healthcare in particular. As well as supporting students studying at MUST and UNIMA, FDH Bank is currently involved in a variety of healthcare causes. Learn more by viewing the attached infographic.

FDH Bank has been the proud sponsor of a variety of sporting causes over the years; inspiring, motivating, and encouraging sportsmen and women across Malawi to apply themselves and follow their dreams. This leading Malawian bank sponsors a variety of sporting events across the country today, including financing the Zomba, Lilongwe, Blantyre, and Mzuzu Mayors’ Trophies. FDH Bank also entered into a contract with the Football Association of Malawi, agreeing to a five-year sponsorship deal worth approximately MK450 million.

As a proponent of Corporate Social Responsibility and philanthropy, Dr Thomson Mpinganjira became personally involved in the struggles of a Dowa domestic abuse victim who lost her hands in an attack by her estranged husband. Despite widespread media coverage at the time, Thomson Mpinganjira discovered that, some 10 years after the attack, little had been done to help Marieta Samuel. Through FDH Bank’s CSR program, he provided her with a new home and a means by which to earn a steady income. Find out more by watching the attached video.