BY STEVE MALOYA
First Capital Bank (FCB) has bailed out 335 students whose examination results were held for nonpayment of fees at the Malawi University of Business and Applied Sciences (MUBAS).
Speaking during presentation of cheque at the University, FCB Chief Executive Officer (CEO), Agness Jazza, said as a bank, they believe in investing in human capital for any nation to develop.
“As a bank, we believe quality education is the only way of developing competitive human capital which is key in creating a thriving economy,” said Jazza.
While acknowledging the bank’s effort, MUBAS Vice Chancellor, Nancy Chitera, said the gesture means that the students who were on the verge of withdrawing will be back in class next week Monday.
Chitera said: “Nowadays, the news of students dropping out of college due to lack of school fees is all over, but what the bank has demonstrated is a good example worth emulating. These students will from next week continue their studies without problems of tuition.”
Recently, there has been an increase in the number of college and university students quitting school due to lack of tuition and other necessities.