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.
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