New Finance Bank Bails out Must Students

by NFB Malawi NFB Malawi No Comments

New Finance Bank (NFB) on 8th February, 2018 gave a four year scholarship worth K8 million to two Malawi University Of Science and Technology (MUST) students.

The two first year students-Michel Hauli and Lloyd Manda pursuing a bachelor of science in medical microbiology- were all smiles upon being awarded the scholarship which will cover tuition, accommodation, food and upkeep allowance.

“I am grateful to the bank for coming to my rescue. Due to the financial challenges that I have been facing, I was planning to withdraw next semester.

I am promising to work hard in school and pay back to my country for this gesture”, said Hauli.

In her remarks, MUST vice chancellor Professor Address Malata said more students from the university are in dire need of financial assistance; hence, corporates have to come in to help.

“We are grateful to NFB for this scholarship. This means a lot to us. We would like to urge other corporates to come and assist.

“On our part, we are planning to start engaging needy students to do some cleaning services for the university and have us pay them for their services just like universities in other countries are doing,” she said.

NFB head of corporate banking Taweni Majamanda said the gesture is a way of giving back to the community.

“If we don’t give back, we will become distinct in the future and we need to learn that in the corporate world, giving will sustain us for the future,” she said.

New Finance Bank donates to Mapale Health Centre in Mzuzu

by NFB Malawi NFB Malawi No Comments

In a bid to improve health services for Mzuzu‘s 250,000 residents, New Finance Bank donated a generator and five rechargeable torches worth MK1.7 Million to Mapale Health Centre in the city.

The donation according to hospital officials came amid power outage challenges at the facility as the only backup generator broke down earlier this year.

District Health Officer for Mzimba North, Emily Gama said they had been facing challenges especially at the maternity wing where at least 15 deliveries are registered every 24 hours.

In His remarks, NFB’s Head of Credit, Sam Kamkosi, said they decided to donate to the facility as a way of giving back to the community that is contributing to the growth of the bank.

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