FDH Bank has hiked FDH Bank Cup sponsorship from K120 million to K150 million.
The bank’s senior marketing manager Ronald Chimchere broke the news at Amaryllis Hotel in Blantyre Monday.
Chimchere said the K30 million increment aims at making the competition even more competitive.
“We believe the increment will inspire teams to produce more top class players who will showcase their talent on the pitch. As a bank, we want to see the competition unearthing more football talent every year. We believe an improved package can help to facilitate this process. This is a direct response to the dynamics of the country’s economy,” Chimchere said.
He said prizes for winners under the new package will be revealed during a draw for the 2024 edition.
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The development comes at a time TNM also increased TNM Super League sponsorship from K150 million to K500 million.
Castel Malawi has also upped the Castel Challenge Cup package from K320 million to K400 million.
FCB Nyasa Big Bullets Chief Executive Officer Suzgo Nyirenda welcomed the increase, saying it will help teams to up their game.
“This is good news in as far as improving football standards in the country is concerned. Teams spend a lot to participate in competitions and they need to be rewarded for their sweat,” Nyirenda said.
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Football Association of Malawi (Fam) Executive Member and Competitions Committee Chairperson Felistus Dossi said the association appreciates FDH Bank’s efforts in uplifting football standards in the country.
“As an association, we will ensure that this year’s edition of the cup is very competitive in line with the improved package. With the changes in the economy, it is quite encouraging to see the bank considering sponsorship increase. We are therefore very grateful to FDH Bank for reviewing the package,” Dossi said.
The sponsorship unveiling ceremony was conducted alongside player and media awards for the 2023 edition.
Bullets’ star Patrick Mwaungulu was named player of the tournament while his teammate Hassan Kajoke lifted the golden boot award with four goals.
Mighty Mukuru Wanderers goalkeeper William Thole got the best goalkeeper accolade whereas Santhe Admarc midfielder Zahaya Malitano won the discovery of the tournament award.
