In 2017, FDH Bank provided a vital boost to Blantyre’s Chilobwe Community Technical College by gifting MK20 million in information and communications technology (ICT) equipment to the learning institution.
Speaking at the handover ceremony, FDH Bank’s Head of Personal and Business Banking, Kawawa Msapato, said that the bank focuses on education as one of its corporate social responsibility investments. Mr Msapato pointed out that education is key to national development in terms of creating vital skills the economy needs to grow. Training provided by Chilobwe Community Technical College will help the next generation of artisans learn vital technical skills to benefit the country of Malawi.
TEVETA regional service centre manager Elliot Mulanje explained that the equipment will support the centre’s capacity development initiatives. Mr Mulanje pointed out that ICT has grown to become a key component in technical skills training, affirming that the equipment donated by FDH Bank will help deliver quality trainees to meet market demand.
Lennox Mkomadzinja, acting principal of Chilobwe Community College, said that the pledge came as a great relief to the college, explaining that the equipment will go a long way in terms of supplementing training delivered by the institution. He said that in the 21st century, bricklayers, plumbers, and carpenters all need to have relevant information communication technology knowledge for design and other related jobs.
Equipment provided by FDH Bank included 21 computers, as well as a printer, air conditioners, and an uninterruptible power supply.
FDH Bank, a homegrown Malawian financial institution, was founded by prominent entrepreneur Dr Thomson Mpinganjira. As a subsidiary of FDH Financial Holdings, FDH Bank implements robust corporate social responsibility policies. Learn more about causes supported by FDH Bank by viewing the attached PDF.
In 2017, FDH Bank launched a scholarship fund for students of the Malawi University of Science and Technology (MUST). The MK62.5 million fund supporting students at the Thyolo university was implemented in a five-year sponsorship deal.
William Mpinganjira, FDH Bank’s Deputy Managing Director, urged the MUST students to make the most of their opportunities and work hard. He explained that academic performance was vital for the scholarship, a sentiment reiterated by MUST Vice Chancellor Professor Address Malata, who thanked the bank for its generous gift.
Professor Malata emphasised the importance of students helping each other, telling them that with a full scholarship from the bank, they have no excuse for failure. Learn more about MUST by viewing the attached infographic.
Scholarships for the Visually Impaired
In February 2020, FDH Bank announced that it had partnered with government secondary schools to deliver 30 scholarships to visually impaired students for the academic year 2020-2021. FDH Bank set up the scheme to provide visually impaired students from low-income families with vital resources to fund their education.
Founded in 2008, FDH Bank is one of Malawi’s leading commercial banks. The homegrown Malawian financial institution strives to provide value to its stakeholders by providing superior returns, while simultaneously delivering accountability and transparency, innovation, teamwork, sustainable growth, and efficient and secure banking solutions based on ethical business values.
FDH Bank encouraged visually impaired candidates to apply to the scheme to develop their confidence and practical skills. The programme was implemented to help students plot their career course, as well as providing valuable leadership and volunteering opportunities specific to their individual career goals.
To be eligible for the grants, disabled students were required to register full time at one of 14 Malawian government secondary schools. Bursaries could be used to fund any degree coursework, providing vital funding to cover tuition fees and accommodation, as well as financing boarding and upkeep allowances.
Learn about FDH Bank’s recent donation to Hope for the Blind by viewing the attached video.