Continental Group donates K50 Million in support of the MUBAS Endowment Fund

The Continental Group has joined hands with the Malawi University of Business and Applied Sciences (MUBAS) to promote sustainable access to higher education through a K50 million contribution to the university’s Endowment Fund.

The cheque presentation, held on 14th November 2025, underscores the Group’s commitment to investing in the future of Malawi by empowering talented but financially challenged students.

In his remarks, Mr. Kingsley Zulu, Group Financial Controller for Continental Holdings Limited, described the partnership as a shared vision to build a better future for Malawi.

“We believe that investing in education is investing in the future of our nation. The MUBAS Endowment Fund aligns perfectly with our purpose — to grow future generations by creating opportunities for talented students,” he said.

The contribution was made possible through the joint effort of Continental Holdings Limited and its subsidiaries as follows:

• CDH Investment Bank – K15 million
• Continental Asset Management – K15 million
• Continental Capital Limited – K10 million
• Continental Holdings Limited – K5 million
• Continental Properties Limited – K5 million
• Continental Pension Services Limited – which supported the coordination of the event.

The Group also expressed its intention to play a role beyond sponsorship, by supporting the Fund’s management to ensure long-term sustainability.

“This partnership is more than a financial contribution — itis about nurturing the next generation of innovators and leaders,” Zulu noted.

The Continental Group congratulated MUBAS and its alumni for embarking on this visionary initiative which seamlessly weaves, philanthropy, sustainability and nation building into one.

In her remarks, MUBAS Vice Chancellor, Associate Professor Nancy Chitera expressed profound gratitude to the Continental Group for what she described as “timely and impactful support.”

She explained that nearly 60% of the university’s students are in need of financial assistance, stating; “We have had situations where brilliant students are forced to withdraw, and in some cases, we have even found students sleeping in classrooms because they cannot afford their basic needs.”

She added that the Endowment Fund currently stands at K800 million, with an ambition to grow it to K5 billion within three years. Associate Professor Chitera further commended the Continental Group for offering advisory support to the Fund, saying, “This guidance will be key in ensuring the sustainable growth of the Fund and expanding opportunities for deserving students.”