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Soldiers hone financial management skills

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Malawi Defence Force (MDF) personnel have been urged to maintain discipline and start investing in real estate and other profitable ventures.

The development comes at a time MDF soldiers continue to be sent to other countries on peace-keeping missions where they accumulate a reasonable amount of money.

Speaking recently at Air Wing Unit in Zomba City, where Brigade 93 was conducting a one-day competition, Major General Paul Phiri said soldiers should learn to have savings, so that they can have something to fall back on.

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The competition attracted soldiers from Cobbe Barracks, Changalume Barracks, Air Base and Administration Unit.

“Discipline is very important, and this is why we organised the competition to remind each other of our responsibilities,” said Phiri, who was the guest of honour.

He also advised the soldiers to invest in real estate and other ventures, asking those who are sent on peace-keeping missions not to succumb to impulse buying.

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Phiri said this was the reason MDF invited officials from Old Mutual, who trained the soldiers in financial matters.

Old Mutual also sponsored winners of the competition, pumping K3 million in it.

The Administration Unit— comprising medical personnel, Brass Band, accounts staff, among others — emerged winners and went away with K1 million. The unit is based at Cobbe Barracks.

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