Most footballers have had a bad ending to their careers as they turn into paupers but that could be a thing of the past for Malawi National Football Team players, who will be trained in savings and investments.
FDH Bank and Football Association of Malawi (Fam) have introduced a mentorship programme for Flames’ players as part of creating a savings and investment culture for them to have sustainable careers.
The bank’s group head of marketing Levie Nkunika said the Flames squad will be trained in personal finance and investment planning using the FDH Group’s First Discount House investment experts.
“FDH Bank is committed to working with Fam to realise the full potential of Malawi Football as you are aware our bank stands for making growth possible. We believe in sustainable football careers and, for the players to play for more years and successfully, they need to be balanced, hence the introduction of the investment planning and the mentorship programme.
“As they say, to know the way, you ask those who are coming back. We feel the young players have a lot to learn from the veterans and those that sailed through and they can always share their knowledge and experiences,” he said.
Some of the mentors earmarked for the project include successful former players like Young Chimodzi, Dan Chitsulo, John Maduka, Phillip Madinga, Fam President Walter Nyamilandu, Clement Kafwafwa and Patrick Mabedi, among others, to support the players on voluntary basis.
Fam General Secretary Alfred Gunda said, in line with Raising the Bar, building careers for players was an integral pillar which has been manifested in the initiating of the Players Association.
“We, as Fam, are proud of FDH as our sponsor that is with us and looking at a 360 degrees support system for the game,” he said.
Former Flames and Mighty Wanderers fullback Ojukwu Malunga said the initiative was important to prepare players for life after football.
“It will help players to use money wisely. However, I also know that some players could have done better but they did not because they inherited a lot of responsibility at home,” he said.
FDH has been sponsoring Flames since 2016 and the bank recently introduced ‘Flames Friday’ whereby every Friday the bank’s staff members don senior side’s jersey in recognition of the team’s 2021 Africa Cup of Nations (Afcon) finals qualification.