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CDH Investment Bank Commits US$120,000 to Support LUANAR Development
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Malawi Nyasa Times – News from Malawi about Malawi
CDH Investment Bank has committed US$120,000 to support Lilongwe University of Agriculture and Natural Resources (LUANAR) over the next three years, targeting student scholarships, eco-forestry and tourism development, as well as solar energy infrastructure projects.
The funding follows three years of collaboration between the bank and the university, during which CDH provided US$30,000 in support for various developmental initiatives.
Speaking during the signing of a Memorandum of Understanding (MoU) at LUANAR campus, CDH Investment Bank Chief Business Development Officer Jamal Kamoto said the bank was encouraged by how the previous funds were utilised, prompting the decision to significantly increase the support.
CDH Bank has committed to help us in that direction,” Kaunda said.
CDH Investment Bank has been supporting LUANAR’s development programmes for the past three years, contributing US$30,000 before scaling up the commitment to US$120,000 under the new agreement.