Old Mutual Limited on Wednesday handed over two beautiful hostels to Kamuzu University of Health Sciences (KUHeS), which the company built under a public-private partnership (PPP) agreement.
Hostels, which cost K 2.6 billion, are part of the company’s social responsibilities.
Receiving the homes on behalf of the government of Malawi, Education Minister Agnes Nyalonje called on the private sector to invest more in education.
Nyalonje said the government alone cannot solve the problems facing education; hence the need for collaboration with the private sector.
She said modern hostels will play a vital role in achieving Malawi 2063, which requires quality education.
The hostels have 154 beds and were built in the first phase.
âThere are a lot of challenges in the education sector in terms of infrastructure. We would like the private sector, through the PPP, to come forward to invest in the education sector, âshe said.
Edith Jiya, CEO of Old Mutual Malawi Group, pledged her company’s commitment to further invest in the sector.
âOver the past two years, we have launched a strategic initiative to deepen actuarial investment channels within the county,â said Jiya.
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