Mzuzu University Trust Fund
Mzuzu University (MZUNI) was modelled on the principle that it should be self-sustaining and less dependent on the Government budget. Accordingly, the Mzuzu University Act (1997) entrenched the establishment of the Mzuzu University Trust and the creation of a Board of Trustees in Section 13 of the Act. The Trust was endorsed by the Government of Malawi through a Trust Deed of May 5, 1998. It is a tool and legal mechanism through which Mzuzu University can enter into business and commercial dealings and transactions with both the public and private sectors.
Purpose & Rationale
Mzuzu University Trust is to mobilize resources and generate additional revenues that would enable Mzuzu University operate reasonably smoothly even when public funding is inadequate. This effort is also to complement the institution’s own initiatives in sourcing additional funding, equipment and other teaching and learning materials.
There has been a reduction in public funding to Mzuzu University over the past few years while the demand for student enrollment continues to grow. Recurrent costs and development expenditures are always on the increase to cope with the continued growth of the University while the financial sources and revenues are declining in real terms, resulting in a widening financial gap.
The Mzuzu University Trust Fund is governed by a Board of Trustees. The composition of the current Board of Trustees is as followsMr.
Dr. Mahomed Iqbal Gelu
Prof. John Kalenga Saka – Vice-Chancellor
The Trust Secretariat is headed by a Trust Fund Manager, Mr Mbachazwa Lungu, who is the Secretary to the Board of Trustees.
Vision, Mission and Core Values
A self-sustaining Trust and Mzuzu University
To mobilize resources through networking & investments for the smooth operations and development of the trust and mzuzu university
In line with our functions of diversifying and expanding our resource base to support achievement of the Mzuzu University Strategic goals and plans, we have embarked on a number of initiatives to support this drive, among them:
Production and sale
Production and sale of MZUNI memorabilia such as branded T-shirts, golf shirts, wrappers, pens, hand sanitizer and other items
Collaboration and coordination
Launch of MZUNI annual fun walk
Investment in pine
The Board of Trustees established the Mzuzu University Students’ Scholarship/Loan Fund (MUSSF) in 2015 with the aim of raising funds to assist bright needy students. In 2015, approximately 80 students, who had been selected to pursue their studies at Mzuzu University, withdrew due to lack of tuition fees. Hence the establishment of this facility by the Board of Trustees.
The fund is a revolving facility to enable as many students as possible to benefit and ensure its sustainability, awards are not free handouts; but rather refundable by awardees i.e. awarded in form of loans. 58 students have so far benefited since inception in 2015. All students are eligible to access this facility as long as they satisfy the following conditions, among others: a) provide evidence of being needy, b) proof of good performance/grades and c) the student must be of good character.
Other scholarships secured by the Trust and Mzuzu University to assist needy students include the following:
Trust Fund Manager: Mbachazwa J Lungu
Mzuzu University Trust Fund
Private Bag 201
+265 (0) 1 320 604
Fax: +265 (0) 1 320 599