FMB Bank Plc on October 24, 2017 partnered the Malawi University of Science and Technology (MUST) to support some students.
The bank will be supporting four MUST needy students in areas tuition, accommodation and meals to the tune of K4.3 million annually.
The scholarship from FMB Bank could not have come at a more opportune time than the date when the university was celebrating its third birthday.
Presenting a dummy cheque to the university at a function held at MUST campus in Ndata, Thyolo, FMB Bank’s Head of Human Resources and Administration, Nargis Khan, described quality education as the foundation of a strong economy.
“Education is key to breaking the cycle of poverty and, as a Malawian bank, we saw it proper to give back to fellow Malawians. Our interest is in the uniqueness of the curriculum at this university because it targets entrepreneurial skills training,” said Khan, adding that FMB Bank wants to develop more skilled entrepreneurs in the country.
The university’s Vice Chancellor, Professor Address Malata, applauded the bank for the timely support.
“The partnership puts the icing on the cake as we are today celebrating three years of our operations,” she said
Professor Malata said it was sad that many students in Malawian universities and colleges require assistance to meet their education needs.
“Although it is not part of our mandate, as MUST we have decided to establish a students scholarship fund and engage in various fundraising activities to raise the required amounts. The fund will benefit those who are excelling in their studies but are also needy” said Professor Malata.
Innocent William, speaking on behalf of fellow beneficiaries, thanked the bank for the support and pledged to work hard in their studies.
“We can only show our appreciation to the bank by getting good grades in our studies. I believe that, once I graduate, I will be able to support my family and change our lives as I come from a very poor background,” he said.