*S Standard Bank Plc has reaffirmed its commitment to national growth through education with a K50 million donation to the Malawi University of Science and Technology (MUST) Endowment Fund.

The donation was presented to Minister of Education Bright Msaka S.C by Phillip Madinga, Chief Executive for Standard Bank during the university's 7th Congregation on Thursday (underway).

He said the bank will continue to partner with institutions of higher learning to support STEM education, entrepreneurship, and skills development that align with Malawi 2063.

The MUST Endowment Fund was established to provide sustainable financial support for scholarships, research, innovation, and infrastructure development at the university. It targets underprivileged students.

Speaking during the handover ceremony, Madinga said the donation reflects Standard Bank's belief in investing in the next generation of leaders, scientists, and innovators.

He noted that education is a critical catalyst of strides towards achieving an inclusively wealthy and middle income country as envisioned in the #MW2063 blueprint.

"At Standard Bank, we believe that education is an enabler and the most powerful tool you can use to transform lives and economies. This contribution to the MUST Endowment Fund is a continuation of our commitment to building capacity, driving research, and ensuring that no talented Malawian student is left behind due to financial challenges," he said.

He said the bank will continue to partner with institutions of higher learning to support STEM education, entrepreneurship, and skills development that align with Malawi 2063.

Receiving the donation, outgoing MUST Vice Chancellor Professor Address Malata commended Standard Bank for the gesture, describing it as a timely boost to the university's efforts to expand access to quality education and research.

"This generous contribution comes at a critical time. The Endowment Fund is key to securing MUST's future and producing graduates who will solve Malawi's real problems. We are deeply grateful," she said.

The K50 million will be channeled towards student scholarships, research grants, and innovation projects that support Malawi's development agenda.

Standard Bank continues to play a leading role in corporate social investment, with a focus on education, health, and economic empowerment.