๐๐ฅ๐ฅ๐จ๐ฏ๐จ ๐๐ฎ๐ฅ๐๐ข๐ฅ๐ฌ ๐๐๐๐๐ฆ ๐ฉ๐ฅ๐๐๐ ๐ ๐ญ๐จ ๐๐๐๐ ๐๐ง๐๐จ๐ฐ๐ฆ๐๐ง๐ญ ๐ ๐ฎ๐ง๐
Posted By
James MphandePosted on
4th Jun, 2025
As part of its commitment to MUST Endowment Fund, Illovo Sugar Malawi Plc on June 2, 2025 made a final payment of K100 million, completing its K500 million pledge.
The cheque presentation ceremony took place in Blantyre and was attended by officials from both institutions.
In his speech, Illovo Interim Managing Director, Mr Kondwani Msimuko, was happy to have fulfilled or their promise to boost operations of the Fund, adding Illovo remains dedicated to advancing higher education in Malawi.
Receiving the cheque, MUST Vice-Chancellor Professor Address Malata conveyed her gratitude, noting that Illovo remains the single largest contributor to the Fund this far.
She highlighted that the K400 million earlier contributed has since grown to K800 million, and expressed optimism that the Illovo Fund could soon reach K1 billion.
โYour support has been instrumental in helping us achieve our mission. We look forward to continued collaboration to create a lasting impact on our nation,โ she said.
Wakisa Kandulu, a student at MUST and one of the Endowment Fund's beneficiaries, thanked Illovo for enabling her to pursue her academic dreams.
โThis gesture challenges gender stereotypes and marks the rise of a new generation of women leaders in Malawi,โ she said.
MUST Council Chairperson, Mr Boyd Luwe, described the occasion as a celebration of hope, commitment and partnership.
He said since the Fundโs inception in 2021, it has grown to K7 billion and so far, iver 100 students have been supported.
He said this number would rise to 400 during the next disbursement, assuring Illovo that their contribution will continue to change lives.
โThe Fund has rekindled dreams and hope that had almost faded in many students,โ he added.
In his keynote address, Illovo Board Chairperson Mr Jimmy Lipunga said their contribution was not just symbolic but a demonstration of companyโs belief in collective progress.
He urged students to take full advantage of the Fund and realise their potential.