MUST reconstitutes MEF board
Posted By
James MphandePosted on
9th Mar, 2026
MUST recently reconstituted the board of the MUST Endowment Fund (MEF).
The development saw the previous board, led by Mr Emmanuel Chapo, being replaced by a new board chaired by Ms Thokozile Kuwali.
Apart from Ms Kuwali, the new MEF board members also include Mr Masauko Katsala of National Bank and Mr Moses Khabvilhiro of MCCCI.
The outgoing MEF board chairperson, Mr Chapo, on February 26, 2026 held an official handover ceremony of the trust deed to his predecessor.
According to MUST Vice Chancellor, Professor Address Malata, the handover symbolised transfer of power between the two chairpersons and the board members.
MUST established the MEF in 2021 to raise money through donations from well-wishers and institutions of good will to support its activities, including offering scholarships to needy students.
The idea is to use the money collected for investment and only use a fraction of the interest earned so that the funding is sustained in perpetuity.
Already, the MEF now boasts of a fund in excess of K6 billion with Illovo Sugar Malawi, NBM, FDH Bank, Standard Bank, MUST and others as major sponsors.
The MEF last year started supporting needy students and this year more will be supported as more investments mature and the interest earned increase.
In between, MUST has also established MUST Scholars Fund/Foundation targeting the diaspora, especially in the USA and MUST Ventures Limited (MVL), a holding company to champion entrepreneurship and industrialisation within the university.
Next