LILONGWE: A local banker has urged African countries to take a long-term view of tertiary education by investing in the continent’s universities.
Standard Bank Chief Executive Officer responsible for Personal and Business Banking Zweli Manyathi, was speaking in the Malawian administrative capital, Lilongwe, when he presented a US$20 000 (MwK8 million) to Nkhoma University, one of the country’s newest universities.
“Education is a form of social capital which African countries must consider seriously if they hope to move their people from poverty to prosperity.
“For our part as Standard Bank, we are committed to playing our part to help improve the education systems of the countries we operate in. Malawi is a priority on that list,” Manyathi said.
Manyathi said the education sector remains one of focus areas in Standard Bank’s Corporate Social Responsibility (CSR) support.
He said the bank would continue working with government and other stakeholders in uplifting the quality of tertiary education in Malawi.
“Standard Bank would like to re-affirm our commitment to assist in uplifting Malawi’s education standards,” he said.
Nkhoma University Chancellor-Designate Professor Kanyama Phiri hailed Standard Bank for the donation describing it as a timely intervention in the formative stage of the new tertiary institution.
“The university is lacking a number of infrastructure items such as administration blocks and this donation will go a long way in addressing some of these challenges as we working towards government accreditation process of the university,” he said.
The Central Region chapter of the Church of Central African Presbytery (CCAP) runs Nkhoma University.
It opened its doors in September 2013 with an enrolment of 180 students undertaking underground courses in Education, Theology,Commerce and Human Sciences.
SOURCE: CAJ NEWS AGENCY