Old Mutual Blantyre Foundation Trust has signed a three-year partnership with SOS Children’s Villages to support the skills development of 45 students.
The agreement was signed on Wednesday in Lilongwe to the tune of MK45 million, translating to one million kwacha each for a student over the entire three years.
Chairperson of Old Mutual Foundation Trust, Taonga Manda, described the initiative as the right step towards empowering vulnerable children who lack the necessary parental care to support their educational development.
“Education is key for socio-economic development and industrial growth as it facilitates skills development in a country, and it is said that an educated being is an empowered being,” hinted Manda.
Old Mutual is targeting 20 percent of the country’s population which is believed to be unemployed.
SOS Children’s Villages National Director, Smart Namagonya, has since disclosed that there are over one million orphans in the country who require parental care.
Namagonya has further described the MK45 million financial boost from Old Mutual Blantyre Foundation Trust as the right step towards creating a productive citizenry.
SOS was founded in Europe by Hermann Gmeiner to support children who had lost parental care after the second world war.
The facility in Lilongwe was however founded in 2004 and has graduated over 4,000 students