Mzuzu University Trust Fund
Know about us for how we can help
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.
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.
Rationale
There has been a reduction in public funding to Mzuzu University over the past few years while the demand for student enrolment 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.
Governance
The Mzuzu University Trust Fund is governed by a Board of Trustees. The composition of the current Board of Trustees is as followsMr.
Haroon Sacranie
Inkosi Mtwalo
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.