National Bank of Malawi (NBM) has expressed interest to support Mzuzu University (Mzuni) Students Scholarship Fund.
Mzuni plans to roll out the fund next year. So far, K12 million ($19,895.5) has been raised. Under the plan, Mzuni will be investing some of the money in interest generating financial products to benefit more students.
Speaking at Mzuni on Friday after the bank awarded five best performing students with K250 000 ($414.49) each, NBM chief executive officer George Partridge said his institution is ready to support the university with funds as one way of promoting students’ education.
“Promoting education is one of the bank’s corporate social responsibility programmes. This is the reason we have supported many institutions to promote education,” he said.
Mzuni vice-chancellor Robert Ridley said they are ready to engage the bank on the fund, adding the university has been in touch with a number of partners on the same.
Ridley said the university wants to accord needy students an opportunity to access fees and stay in school.
Mzuni is one of the country’s four functional public universities where many students from poor families are struggling to raise fees.
Others are University of Malawi (Unima), Lilongwe University of Agriculture and Natural Resources (Luanar) and Malawi University of Science and Technology (Must). n