National Bank of Malawi releases K135 million for Cyclone Freddy victims

By Chisomo Phiri

In its response to the destructions caused by Cyclone Freddy, the country’s leading commercial bank National Bank of Malawi (NBM) plc has today, through the Malawi Red Cross Society (MRS) donated K120 million, and K15 million through a consolidated Press Group of Companies (PCL) relief initiative to support households affected by Cyclone.

Speaking when presenting a cheque for the amount on Thursday morning in Blantyre, NBM plc Chief Executive Officer Macfussy Kawawa said the donation reflects the bank’s commitment to assisting communities in times of need.

“We feel duty bound to make this donation towards the purchase of food as well as non-food items to those affected by this disaster.

“We recognise that these items may not fully alleviate the pain and suffering that those affected are going through, but we hope that they will bring some comfort and relief during the affected families,” said Kawawa.

On his part,Malawi Red Cross Society secretary general McBain Kanong’odza said intensity and extent of the impact is beyond measure hence the need for concerted effort in fixing the damage caused.

“We are grateful to the corporate world for the pool of funds that they continue to channel to us with the latest being NBM here today.

“This could not have come at a better time than now when people are in dire distress and in need of assistance.

“We further assure NBM and other corporates who have already channeled their funds to us that the resources will be put to good use,” he said.

So far, more over six Malawi’s commercial banks have made their huge contributions to assist those who have been affected by Cyclone Freddy since it started causing havoc on Sunday.


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