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From 24th to 26th September 2018, the Higher Education Students Loans and Grants Board (HESLGB) hosted the first Association for African Higher Education Financing Agencies (AAHEFA) International Conference at Bingu International Conference Centre (BICC) in Lilongwe. The theme of the conference was “Innovatively Financing Higher Education for the Jobs of tomorrow”.

The conference was aimed at bringing ideas and solutions aimed at improving higher education financing sector in Africa. The conference brought together various stakeholders from the following countries; Malawi, Zambia, Tanzania, Botswana, Kenya, Ghana, South Africa, Malaysia, Lesotho, Rwanda, Zimbabwe, Uganda, Nigeria, Sierra Leone and Namibia.

Below are some highlights of the conference.

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Click to download the Pictorial Focus on AAHEFA

In August 2018, the Higher Education Students’ Loans and Grants Board (HESLGB) signed an agreement with Credit Data (CD) which is a Credit Reference Bureau. The agreement entails that CD will be accessing records of all beneficiaries of student loans to use for credit reference.  

The agreement is of mutual benefit for the two institutions because the data that will be provided by HESLGB will boost the database for CD which shared such data with all lending institutions. This will further assist HESLGB in recovery of mature loans since all former beneficiaries who are yet to settle their loans will not be eligible for future loans from all lending institutions

Below are pictures for the agreement signing ceremony;

Managing Director for CD, Patricia Mwase, signing the agreement.

Click to see more pictures from the event.

From 24^th to 26^th September, the Higher Education Students’ Loans and Grants Board (HESLGB) will be hosting an international conference for the Association of African Higher Education Financing Agencies (AAHEFA). The theme of the conference is “Innovatively Financing Higher Education for the jobs of tomorrow”.

The conference is aimed at bringing ideas and solutions for improving the higher education financing sector in Africa. The conference will bring together policy makers, professionals, educational administrators and fund Managers from within and outside Africa.

In response to calls for support from HESLGB, FDH Bank donated MK 5 million towards the conference. Speaking during the cheque presentation ceremony, FDH Bank marketing manager, Levi Nkunika, said that FDH recognizes and appreciates the role that HESLGB plays in the education sector that is why FDH felt compelled to make the donation. HESLGB Executive Director, Chris Chisoni, said that HESLGB is very grateful for the donation and that HESLGB appreciates its partnership with the Bank. Click to read more.

Human resource management is one of the most strategic departments of each company/organization. This department is important because it deals with the process of employing, training, compensating, and developing strategies to retain people. Additionally, the department is involved in development of policies and in so doing it is imperative that human resources managers must be aware of all laws that directly or indirectly affect the workplace.

Considering that the legal environment is always changing, human resource managers must always be aware of changes taking place and then communicate the same to the entire management of the company/organization. This gist of this entry is to provide human resources managers with general information about recovery of student loans and explain their legal duties as stipulated in Higher Education Students’ Loans and Grants Board (HESLGB) Act number 2 of 2015. Click here to read more.

Since 1985/86 financial year, the Government of Malawi has been supporting university students with loans through the student loan schemes. The student loan schemes were introduced to enable students with poor family background to access higher education without burdens.  The reasoning behind the student loan schemes was that needy students who will be supported with a loan will be required to pay back the loans so that other students also benefit from the same scheme.

However, for a number of years, there were no proper structures and mechanisms to facilitate repayment of these loans. Resultantly, former beneficiaries of the loans had nowhere to repay the loans. This, therefore, made it hard for the Malawi government to recover the loans. Click to read the full article.