* Injects US$9,650.27 designated for awarding winners of the Falling Walls Lab competition and supporting the university’s efforts in protecting intellectual property rights for innovative projects
* Marks CDHIB’s ongoing partnership with LUANAR, aimed at helping the university achieve its strategic objectives, whose memorandum of understanding (MoU) between the two institutions was signed in 2023
By Duncan Mlanjira
CDH Investment Bank (CDHIB) has reaffirmed its commitment to advancing innovation and supporting talented students by injecting US$9,650.27 to Lilongwe University of Agriculture and Natural Resources (LUANAR) — designated for awarding winners of the Falling Walls Lab competition and supporting the university’s efforts in protecting intellectual property rights for innovative projects.
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The investment marks CDHIB’s ongoing partnership with LUANAR, aimed at helping the university achieve its strategic objectives, whose memorandum of understanding (MoU) between the two institutions was signed in 2023.
At the symbolic handover of the funds yesterday, December 18, the bank emphasised that the 2023 MoU laid the foundation for collaborative efforts to foster innovation and talent development in Malawi’s agricultural sector.
Chief Business Development Officer, Jamal Kamoto said the contribution is part of the bank’s second disbursement to LUANAR this year, which also included a successful tree-planting activity aimed at environmental sustainability.
Jamal Kamoto
“Supporting innovation is vital for fostering resilience and growth across all sectors,” said Kamoto. “Our partnership with LUANAR demonstrates our commitment to developing sustainable opportunities and contributing to the nation’s progress.”
He further said in addition to financial support, CDHIB is actively involved in LUANAR’s technical committee, providing insights and expertise to help scale up innovative projects within the university.
“At CDH Investment Bank, we remain committed to supporting innovation, recognising its vital role in fostering resilience and growth across all sectors.
“We believe that our partnership and investments in innovation will help develop our nation and create sustainable opportunities.
“Furthermore, we have disbursed US$6,272.60 to support talented students, reinforcing our commitment to empowering future leaders and innovators.
“Supporting students aligns with our vision to bridge skills gaps in agriculture, promote sustainable farming practices, and contribute to the development of rural communities.
“We look forward to strengthening our partnership and continuing to support the growth and development of our nation,” he said, while emphasising the bank’s dedication to nurturing future leaders and addressing skills gaps in agriculture.
“This initiative aims to promote sustainable farming practices and contribute to rural community development.
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On their part, LUANAR Vice-Chancellor, Professor Emmanuel Kaunda, applauded CDHIB for the partnership and for supporting innovation at the institution: “In this world, things are changing fast — the global landscape is also changing,” he said.
“If we are going to survive as a university, we need to adapt and be innovative. The investment that you have given us will help young people to test their ideas and develop prototypes. The resources that you are giving us are helping us as a university to build a culture of innovation.”
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The event underscored CDHIB’s broader commitment to fostering innovation, education, and sustainable development in Malawi.