FDH Bank on Thursday unveiled a landmark sports sponsorship worth K165 million for the Mayor’s Trophies and Inter-City Mayors Trophy to run for three years.
The sponsorship was unveiled at Bingu International Convention Centre (BICC) in Lilongwe on Thursday night. Through the K165 million sponsorship, the bank has introduced the Inter-City Mayor’s Trophy worth K20 million annually whereas Lilongwe City will get K15 million annually for the Mayor’s trophy whereas Mzuzu and Zomba each gets K10 million annually for three years.
The Inter-City trophy is the first of its kind in Malawi. Winners in all the four cities will compete at national level during the intercity Mayors trophy sponsored on the knock out format in netball and football.
Speaking during the ceremony, FDH Bank Managing Director Dr. Elias Ngalande said the bank was committed to youth and primary schools youth sports development in the country through Mayor’s trophy sponsorship and investment.
“The Bank nurtures and facilitates growth and believes in the potential of the youth in Malawi. We also believe in creating opportunities and platforms for the youth in primary schools to showcase and grow their talent. Through the sponsorship, we hope to have health and strong youth and future leaders and also future FDH Bank customers,” Ngalande said.
Principal Secretary in the Ministry of Sports, Youth and Culture, Chauncy Simwaka hailed FDH for being a true partner in the development of sports in the country.
“Government will continue providing conducive environment for the private sector like FDH Bank to operate and achieve their objectives. We urge athletes to embrace this sponsorship so that the goal for the sponsorship is achieved. Sponsoring of the Mayor’s Trophies and the Intercity Mayors Trophy will surely catalyse talent identification and development in sports,” he said.
Deputy Mayor for Lilongwe, Richard Banda promised to exercise accountability in managing the trophy.
“All councils need to be prudent in managing the resources so that FDH is encouraged to continue bankrolling the trophy,” he said.
In 2018, FDH invested K10 million each for Blantyre and Lilongwe Mayor’s trophy, K 5million for Mzuzu and K6 million for Zomba. The bank revived the Mayors trophy in the country two years ago.
FDH is also sponsoring football and netball at the senior level.