National Bank of Malawi (NBM) plc has supported the Presidential Charity Golf Tournament scheduled for next month in Lilongwe with K20 million.
President Lazarus Chakwera and Vice President Saulos Chilima are expected to play in all the 18 holes in the tournament on 8 October 2022 at the Lilongwe Golf Club to raise funds for the vulnerable members of society.
Presenting the donation in Blantyre, NBM plc Head of Operations Brian Boby said the bank welcomes the initiative by Chakwera and his government saying the aim resonates well with corporate social responsibility programmes that the bank undertakes to make lives of vulnerable people better.
“We fully agree with the Presidential Charity Golf initiative because it resonates well with what we do as a Bank to make a difference in the lives of the less privileged. This is why today; we are pleased to support this initiative with K20 million. We believe this will go some way in making the Presidential Charity Golf tournament a success in ensuring that enough funds are raised to help vulnerable members of our society,” said Boby.
Among other things, the Presidential Charity golf tournament wants to raise funds to support needy tertiary students and survivors of tropical storm Ana which hit the country early this year.
Boby said the Bank is aware of the enormous challenges that affect vulnerable people like university students and survivors of natural disasters.
“As the Bank of the Nation, we are cognizant of the fact that one of the key enablers of Malawi’s vision 2063 development agenda is the development of human capital through provision of education and skills development for the youth. This is why we at NBM plc have been running scholarship programs for needy students in our public universities on top of awarding best performing students through our Corporate Social Investment (CSI) program for many years”.
“It is for this reason that we also supported the Malawi University of Science and Technology (MUST) with K60 million for their Endowment Fund as a way of weaning the University from dependency on government subvention and establishing diversified revenue streams for the University which will also help needy students on top of research and infrastructure development activities.”
“We are all aware that as the Bank of the Nation, we did our part in helping those who were affected by the effects of the tropical cyclone Anna in the Lower Shire early this year,” said Boby.
A member of the Presidential Charity Golf Committee Chimwemwe Chimwaza thanked NBM plc for the donation saying it will go a long way in making the tournament a success.
“The bank today has really shown us that it is indeed ‘The Bank of the Nation’. We are humbled by this donation and we are hopeful that this tournament will be a success and we will achieve our goals of raising funds for the less privileged in our society,” said Chimwaza who was accompanied by fellow committee member Sam Mwale