FDH Bank, MUBAS take FDH Graduate Start-ups program to higher level

FDH Deputy MD Chitera and MUBAS Vice-Chancellor signing the MoU * It will involve a trust fund in which companies shall be remitting 20% of the dividends that shall be declared from their annual profits * The funds shall then be kept in a special trust fund account with FDH Bank to finance future beneficiaries to properly sustain the program By Duncan Mlanjira FDH Bank, that initiated in 2021 a business entrepreneurship concept named Graduate Start-ups targeting Malawi University…

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US Senators happy with US-funded projects in Malawi

* Urged Malawi government to continue investing in young girls as they hold the future of the country * Most importantly, the senators hailed the progress that Malawi has registered in HIV fight By Kondwani Magombo, MANA Five United States of America (USA) senators, who visited Malawi to appreciate the development partnership and diplomatic relations between the two countries, have expressed satisfaction with the impact of some US-funded projects on Malawians lives. The high-powered delegation included chairperson of Appropriations…

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8 students arrested for damaging school property in Mchinji

* All the damaged property is valued at an approximate amount of K25 million * Mchinji Police still investigating to trace and arrest other suspects who are at large By Amos Phiri Chigwa, MANA Police in Mchinji have arrested eight students for the offence of damaging school property at Kamwanya Community Day Secondary School (CDSS) following riots against administration’s disciplinary action towards some students who were expelled from the school weeks ago for misconduct. Mchinji Police public relations officer,…

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Education Minister Wirima sends warning shots to unruly students

* To bring sanity, we will not be left with any choice rather than expelling such ungovernable students * Who spoil other students with clear vision of their future By Gift Chiponde, MANA Minister of Education, Madalitso Kambauwa Wirima has condemned the increase rate of vandalism of school property by students in some secondary schools in the country and has since warned that those caught in such misconduct will be expelled and will not be given any opportunity to…

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M’mbelwa office complex, stadium to be completed by end of 2024

* Almost all structural elements of the complex have been completed and largely remaining with finishing touches * It has 60 offices that will house all ministries, departments and agencies working under M’mbelwa District Council MANA Senior architect in the government buildings department, Christopher Lindeire, has assured President Lazarus Chakwera that construction of the four-storey M’mbelwa office complex, which commenced in 2018 at a cost of K1.8 billion, would be completed by end this year. Briefing the President during…

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2024 FAM NBS bank Charity Shield proceeds to go towards support of girl child education

NBS Bank’s Kwanele Ngwenya (left) and FAM’s Alfred Gunda sealing the deal * Sponsorship package 2024 doubled from K20 million to K40 million for the next three years * We expect good sportsmanship to entertain Malawians but most importantly, to continue making a difference through charity works * We expect more support from clubs, players, and the public at large to fulfill our promises of reaching out to the next beneficiary Maravi Express Proceeds from the 2024 FAM NBS…

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UNDP’s 80kW solar mini-grid in Sitolo Village improves school children’s performance as they are able to study at night

* Community members, including women within Sitolo mini-grid, are benefiting from electricity * We have seen women who have managed to move from using firewood which is hazardous to their health * And the women spent hours looking for firewood — but this is not the case now—UNDP’s Africa Director, Ahunna Eziakonwa By Moses Nyirenda, MANA On tour of Sitolo Village’s 80kW solar mini-grid in the area of Traditional Authority (T/A) Ndawambe in Mchinji District, United Nations Development Programme…

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CDH Investment Bank supports LUANAR tree planting initiative

CDHIB Chief Treasury Officer, Zondwayo Mafuleka leading by example * The investment reinforces the bank’s commitment to support environmental activities for sustainable growth at LUANAR and surrounding communities * We trust that our efforts will contribute to a sustainable green environment that will help manage climate challenges like soil erosion, combating carbon emissions and regulating weather that affects climate and other disasters By Fazilla Tembo CDH Investment Bank (CDHIB) has supported Lilongwe University of Agriculture and Natural Resources (LUANAR)…

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FDH Bank commits K61.6m investment into Mary’s Meals Malawi’s school feeding programme

* The bank understands that for the country to develop and build responsible citizens, it requires to have educated people * Hence the need to provide enough support to school children and also reduce dropout rates By Victor Singano Jnr As one way of fulfilling one of its pillars of the corporate social responsibility, FDH Bank Plc on Friday committed funds worth K61.6 million to Mary’s Meals Malawi to help in its school feeding program for a period of…

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Standard Bank deposits its annual 20m contribution into MUST Endowment Fund

* This is the third contribution from Standard Bank which brings the total investment to K60 million out of the pledged K80 million * The MUST Endowment Fund was established in 2021 to assist needy students and enhance resource mobilization and so far has grown to K3.4 billion By Duncan Mlanjira Standard Bank Plc has deposited its K20 million annual contribution to the Malawi University of Science and Technology (MUST) Endowment Fund in  fulfilment of the bank’s four-year commitment…

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