National Bank of Malawi (NBM) plc on Monday contributed K1 million towards a charity golf tournament organised by the Bankers Association of Malawi (BAM).
The tournament, aimed at raising funds to buy learning materials for Nkope Secondary School in Mangochi, is scheduled for September 25.
Speaking in Blantyre, NBM Pensions Administration Limited chief executive officer (CEO) William Mabulekesi said they responded positively to the call from BAM because it is in line with the bank’s corporate social investment (CSI) policy.
He said: “When this news reached us, we thought we should step forward and make our contribution. As the bank of the nation, we believe that for development to take place, a nation should have well educated citizens; hence, our support towards this golf tournament which is aimed at raising funds to improve education standards.”
“This sponsorship is aligned to the NBM plc corporate social investment policy which supports education, health and environment initiatives.”
Mabulekesi said the country is facing a myriad of social problems which government alone cannot manage to sort out; hence, the participation of the private sector.
“We believe that the money that will be raised during this golf tournament will go a long way in providing the learning materials and desks for students at Nkope Secondary School,” he said.
BAM CEO Lyness Nkungula thanked NBM for the support, saying they intend to raise about K31.5 million and part of the proceeds will go towards buying learning materials for Nkope Secondary School.
“We are very grateful to NBM plc for this support. We feel that students from Nkope Secondary school need our support and we cannot leave this to government alone; hence, our intervention as private sector,” she said.