National Bank of Malawi Launches Excellence Program, Offering K270 Million in Scholarships

By Smile Hamilton, Malawi 

Seventy students from seven universities in Malawi will benefit from the National Bank of Malawi’s (NBM) new initiative, the NBM Excellence Program.

The program, valued at K270 million, aims to support intelligent students who are struggling to pay fees, with the bank planning to double the amount next year.

According to NBM’s CEO Harold Jiya, the bank will also award a maximum of five Dean’s List students in each of the seven institutions every year.

This initiative supports Malawi’s 2063 enabler, human capital development, as highlighted by Secretary of Education Mangani Chilala Katundu.

Launar’s Deputy Vice Chancellor, Agness Mwangwera, emphasised that most students at the universities are intelligent and should not have to drop out due to financial constraints.

The NBM Excellence Program is a significant step towards addressing this issue.

The NBM Excellence Program is a testament to the bank’s commitment to supporting education and human capital development in Malawi.

By providing scholarships to deserving students, the bank is helping to shape the future of the country.

The program will benefit students from universities such as Unima, Mubas, KuHes, Mzuni, Luanar, Must, and Cunima. These institutions are among the top universities in Malawi, and the NBM Excellence Program will help to support the academic excellence of their students.

The launch of the NBM Excellence Program is a significant milestone in the bank’s efforts to support education and human capital development in Malawi.

As the bank continues to grow and expand its operations, it remains committed to giving back to the community and supporting the development of the country’s future leaders.