Standard Bank unveils K18 million Mafco partnership


Standard Bank plc has unveiled an K18.29 million sponsorship agreement with TNM Super League side Mafco FC.

The development comes ahead of the 2023 TNM Super League kick-off scheduled for Saturday.

In a statement released Wednesday, the bank stated that the sponsorship caters for the team’s football kit and game allowances in the new season.


Standard Bank Head of Consumer and High Net Worth Clients Charity Mughogho said the kit sponsorship is in recognition of the long-term holistic relationship the bank maintains with the civil service and the armed forces.

“This is through the provision of financial services and in turn reciprocal social projects by both parties.

These mutual undertakings are aligned to the bank’s purpose of driving the growth of Malawi.


“Standard Bank believes that dreams matter and taking unexplored paths to realise them leads to growth. We believe that 2023 can be the year that Mafco FC achieve their dream of winning the Super League, and we are partnering them to pursue this bold ambition,” Mughogho said.

She said the bank is optimistic of Mafco’s great performance in the forthcoming season.

“The team has been competing at the highest level and, going into the new season, they carry high ambitions for success. Therefore, this season, we want to be part of their growth and we hope that the sponsorship will alleviate the challenges they face when fulfilling their assignments,” Mughogho said.

She said Standard Bank has been working closely with the civil service and armed forces in all realms of their life to provide a holistic offering.

“From provision of financial services, social projects and various sporting activities which include collaboration with the army in the 2022 Be More Race and our sponsorship of interdivisional games in Salima,” Mughogho said.

Lieutenant Colonel Richmond Maulana, who represented Mafco at the signing ceremony, thanked Standard Bank for the sponsorship, saying it will go a long way in removing two major resource constraints that the team faces every season.

“We are grateful for this timely support from Standard Bank, which enriches an ongoing relationship which benefits both parties in various sporting disciplines and other areas of interest. The current sponsorship is an expression of an existing strong cordial relationship built over the years,” Maulana said.

The signing ceremony took place at Malawi Defence Force (MDF) headquarters in Lilongwe.

The Salima-based Mafco is one of the four MDF teams in the Super League and is yet to lift the coveted title.

The other military sides in the top flight league are Moyale Barracks, Kamuzu Barracks and Red Lions.

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