In August 2017, FDH Bank pledged MK20 million in information communication technology (ICT) equipment to Chilobwe Community Technical College.
Speaking at the handover ceremony, Kawawa Msapato, FDH Bank’s Head of Personal and Business Banking, explained that the bank had a keen focus on education as part of its corporate social responsibility efforts.
Mr Msapato pointed out that education is key to domestic development in Malawi, generating skills the economy needs in order to grow. He said that training offered by Chilobwe Community Technical College will produce the nation’s artisans, providing them with technical skills to benefit the country.
Elliot Mulanje, Technical, Entrepreneurial, Vocational, Education and Training Authority (TEVETA) Regional Service Centre Manager, explained that the equipment would support capacity development schemes at the centre. He acknowledged that in modern technology, ICT has become an integral component which must be covered by technical skill training. Mr Mulanje said that the equipment will help deliver quality trainees to meet market requirements.
Lennox Mkomadzinja, Acting Principal for Chilobwe Community Technical College, confirmed the donation would go a long way towards supplementing training delivered at the college. In the 21st century, plumbers, bricklayers, and carpenters must all have knowledge of ICT for design jobs and related work, he added.
Equipment pledged by FDH Bank included 21 computers, an uninterruptible power supply, air conditioners and a printer.
Founder of FDH
As founder of FDH Bank, Thomson Mpinganjira has developed a strong reputation for outstanding ethical leadership. In November 2017, FDH Bank invested MK62.5 million in scholarship funding for Malawi University of Science and Technology (MUST) students.
In February 2020, FDH Bank funded 30 scholarships for visually impaired secondary school students, with the ultimate goal of supporting and encouraging visually impaired students from low income families to study. Open to Malawian students, the scheme provided bursaries for degree coursework for candidates registered in fulltime education at one of 14 Malawian government secondary schools. Students applied for funding online, submitting transcripts, letters of recommendation, photographs and mark-sheets. Under the scheme, scholars received funding for tuition fees and accommodation., as well as board and upkeep allowances.
FDH Bank is a subsidiary of FDH Financial Holdings, a homegrown Malawian financial institution. Other subsidiaries owned by FDH Financial Holdings include FDH Money Bureau, which commenced operations in 2009, and First Discount House, which became operational in 2002.
FDH Financial Holdings specialises in diversified investments and financial solutions. In addition to banking, the company has interests in Forex bureau and discount house operations, as well as providing investment management and advisory services.