Parliamentary Committee lauds FDH Bank’s K6 Billion CSR Investment
August 21, 2024
Written by Bester Kayaye![Parliamentary Committee lauds FDH Bank’s K6 Billion CSR Investment](/_next/image?url=https%3A%2F%2Futfs.io%2Ff%2F41dda291-e6f6-46fa-8b7a-988bbd42f880-k7lxjz.35.52.jpeg&w=3840&q=75)
FDH Bank Plc’s corporate social responsibility (CSR) initiatives under the "FDH Cares" program have drawn commendation following a visit by the Parliamentary Committee on Social and Community Affairs.
The tour, led by Committee Chairperson Savel Kafwafwa, highlighted the bank’s substantial efforts in supporting vulnerable communities across Malawi.
The Committee, led by Chairperson Savel Kafwafwa, was accompanied by FDH Bank Managing Director Noel Nkulichi during an extensive tour of key CSR projects.
These included the Barbara Mpinganjira Oncology High Dependency Unit at Queen Elizabeth Central Hospital, the Pediatric High Dependency Unit at Malamulo Adventist Hospital, and newly constructed houses for Cyclone Freddy survivors in Chiradzulu.
Speaking before the tour, FDH Financial Holdings Limited Chief Executive Officer, William Mpinganjira emphasized the Bank’s commitment to giving back, revealing that the institution has invested over K6 billion in CSR activities over the past five years.
Mpinganjira said; "Through our FDH Cares initiative, we are dedicated to uplifting communities by addressing critical needs in healthcare, housing, and other areas."
"Our commitment remains steadfast in ensuring that our interventions have a lasting, positive impact on society."
The bank’s contributions have been particularly transformative in disaster-stricken areas.
In Chiradzulu, FDH Bank funded the construction of nine houses for survivors of Cyclone Freddy, providing much-needed shelter to those displaced by last year’s devastating floods.
The district’s commissioner, Francis Matewere, highlighted the significance of this support, describing it as a “huge relief to the stranded people from Mtauchira village, TA Likoswe, whose homes were swept away by floods.”
Savel Kafwafwa praised the bank’s sustained commitment to CSR, noting that the initiatives target some of the most vulnerable and marginalized communities.
“FDH Bank’s investments in healthcare and disaster relief showcase the profound impact that corporate players can have when they prioritize social responsibility."
"We urge other companies to take inspiration from FDH’s approach,” he said.
FDH Bank Managing Director Noel Nkulichi reaffirmed the institution’s dedication to CSR, noting that the projects are part of a long-term strategy.
As FDH Bank continues to expand its CSR footprint, the Parliamentary Committee’s visit underscored the crucial role that private sector investment plays in addressing Malawi’s social challenges.