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| Business |
| Bankers to open school in April |
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by
Moses Michael-Phiri, 14 November 2006
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05:36:31
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The Bankers Association of Malawi (BAM) said on Saturday plans for a bankers training school are in the pipeline and that the institution is expected to open its doors to the public in April next year.
BAM executive director Fanwell Kumdana said in an interview the Institute of Bankers in Malawi (IOB)—a grouping of banks and banking professionals—will pump in close to K30 million for the project.
“The school is aimed at improving professional levels of practising bankers and those joining the banking profession.
“The courses to be offered at the school will include studies in banking profession that will lead to the attainment of a certificate in banking or an advanced diploma in banking and various courses that are related to banking,” he said.
Kumdana said IOB is working with the University of Malawi (Unima) on accreditation so that the certificates awarded to students from the school are recognised by Unima and the Malawi Government.
“Currently the plans are that the school can use existing structures such as the National Bank of Malawi Training College and the Polytechnic. But also we feel some students can study privately so long they have the course modules from the school,” he said.
Kumdana also hinted that the Credit Reference Bureau which BAM is planning to set up soon is still facing problems because the legal framework is not yet in place.
“However, the Reserve Bank of Malawi has taken an initiative to draft the bill,” he said, adding that there is hope that eventually the bureau shall be set up.
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