TNM splashes millions


Malawi Stock Exchange – listed TNM recently conducted the third draw in its on-going Mpamba Osaphweketsa Promotion, where the company dished out K2.1 million to 68 customers using the TNM Mpamba mobile money platform.

The promotion seeks to reward Mpamba customers for contributing towards the growth of mobile money and financial inclusion in the country.

Speaking on the sidelines of the draw, TNM’s Head of Marketing, Sobhuza Ngwenya, said, since the promotion was launched in March, customers have had a chance of winning cash prizes valued at K9.7 million.


He further encouraged Mpamba customers to transact more stand a chance of winning cash prizes and a grand prize of K1 million.

“Since the launch of the promotion, TNM has given out K6.3 million to 204 Mpamba customers across the country and we are encouraging our customers to continue transacting on Mpamba and get the share from the K9.7 million that will be given out throughout the promotion,” Ngwenya said.

Ngwenya said the response from customers has been overwhelming with over five percent more entries registered, during the third draw compared to the second draw.


One of the winners in the third draw, Aubrey Kamwanja from Likoma, hailed TNM for the initiative.

“I am very excited to be one of the winners in this promotion. Mpamba makes life easier and, with the new system, it has become better, more efficient and reliable, and it helps me a lot in saving money as you know we lack formal financial services in Likoma,” Kamwanja said.

To qualify for fortnight and grand prizes, TNM Mpamba customers are required to do transactions of K3,000 or more. These transactions include sending money, airtime top up, bill payment and paying for goods using the Mpamba platform.

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