NBM supports Cyclone Freddy survivors with K135 million


National Bank of Malawi (NBM) plc has joined efforts to support survivors of Tropical Cyclone Freddy by channeling a total of K135 million to relief efforts.

K120 million has been given to the Malawi Red Cross Society for the purchase of first line relief items, while K15 million has been contributed to a consolidated Press Corporations Limited (PCL) Group of Companies relief initiative to support households affected by the cyclone

Presenting a cheque to the Malawi Red Cross, NBM plc's CEO Macfussy Kawawa said the bank has a responsibility to support communities it serves in times of dire 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 distaster. 

"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 and expressed hope that the donation will be properly managed.

Malawi Red Cross Society secretary general McBain Kanong'odza welcomed NBM's gesture and gave accountability assurances.

"I want to recognise the donation you as National Bank of Malawi has put forward. As formal assessments are being finalised, we'll have a clearer picture of how much will be needed because those affected will be in that state for some time and we need more support. We know that your role as a bank will encourage other institutions to follow suit.

"We're working with DODMA and when it comes to utilising of funds, we have a structure of how we use the monies we have received. Accountability is very high. We will get back to you [NBM] with a report," he said.

Tropical Cyclone Freddy (TCF), one of the most powerful storms ever to hit southern Africa, has now killed 326 with 796 injured and 201 reported missing in Malawi, the Department of Disaster Management Affairs (Dodma) said on Thursday evening.

TCF's induced flooding, strong winds and mudslides have also displaced 40,702 households (approximately 183,159 people) with 317 camps set up to accommodate the displaced.

The commercial hub of Blantyre remains the hardest hit district and severe flooding and rains have broken roads and bridges, hampering relief operations.