FCB Brings MUBAS Needy Students Back in Class
First Capital Bank (FCB) has paid K8 million for 335 students who were on the verge of withdrawing at the Malawi University of Business and Applied Sciences (MUBAS).
The students had their examination results held by the University for nonpayment of tuition fees.
FCB Chief Executive Officer, Agness Jazaa, says the Bank believes that quality education is the only way of developing competitive human capital for a thrived economy.
“We have confidence that students who are beneficiaries of the Bank’s partnership with the Malawi University of Business and Applied Sciences (MUBAS) will positively contribute to attainment of national goals.
“Of our 3 CSR [Corporate Social Responsibility] pillars, education is an integral focus for First Capital Bank. Above and beyond the support we give through corporate social initiatives, the Bank also runs a Graduate Trainee Programme which, through an annual selection process, employs students every year,” said Jazza.
MUBAS Vice Chancellor, Nancy Chitera, says the gesture means that the students will be back in class next Monday.
“These students were supposed to be home for one academic year but with this gesture, they are now able to be back in class. They will finish their education on time and be able to work with different organization and fulfil the Malawi 2063 Vision,” she said.
Noah Chadza, MUBAS Students Representative Council Financial Controller, described the move as savior.