01 February, 2018

UNIMA, FDH SIGN MOU

The University of Malawi (UNIMA) and First Discount House Bank (FDH) recently signed a Memorandum of Understanding in which FDH commits to offer scholarships amounting to MK72 million 16 needy students. The bank’s Deputy Managing Director William Mpinganjira announced that the scholarships will run for a period over a period of four years.

Mpinganjira said the quest for growth catalyzed his bank to give the scholarships to the needy students. The ceremony took place at the University’s Central Office in Zomba.

Receiving the scholarship package, the University’s Vice Chancellor, Prof John D. Kalenga Saka who was in a jovial mood throughout the ceremony, applauded the Bank for such an intervention.

“This scholarship has come at a time when the majority of our needy students were on the verge of withdrawing from their colleges. Most of them have not yet registered for this academic year [because of lack of fees], therefore, your coming to their rescue can only be said to be a kind and timely gesture”, he emphasized.

In a separate interview, Pro-Vice Chancellor of the University Prof Al Mtenje said that FDH has agreed to provide funding for the Vice-Chancellor Scholarship Fund for a period of at least four years, with financing levels to be agreed upon annually by the parties.

Professor Mtenje explained: “FDH Bank has agreed to provide a total funding amounting to K72 million over a period of four years to 6 Chancellor College students and 10 Polytechnic students on merit and character in faculties.”

Vice-Chancellor’ Scholarship Fund has established to provide merit awards and partial or full scholarships to top Malawian students (both graduate and undergraduate) enrolled in the four constituent colleges of the University.