FDH Bank plc has rolled out a project to finance start-up capital for business-minded graduands who recently completed studies at the Malawi University of Business and Applied Sciences (Mubas).

The graduands were under the faculty of Education and Media Studies.

The project came to life following the graduands’ impression to the bank’s acting Managing Director George Chitera during the group’s symposium earlier this year.

As such, FDH Bank  plc decided to let the groups pitch business ideas to the bank.

“The current job market is too small to accommodate graduates from different universities in the country. We want to see these young minds from university have an opportunity to showcase skills and achieve their dreams. We will nurture these business ideas and finance the best,” Chitera said.

Nine groups pitched their ideas on Wednesday, from which five have been selected to be nurtured further, before the bank picks a business idea to finance.

One of the five groups, bearing the company name Clean Energy of Enterprises, plans to invest in biogas. Its leader, Favour Umar, expressed enthusiasm with the opportunity offered by the bank.

“We are providing biogas which will be produced from

waste. We also want to offer cleaning services to make sure the environment is clean. The project by FDH Bank is great because we had only hoped to be employed but this gives us the chance to offer employment to others,” she said.

 

Source: The Daily Times