Mpico donates K 3mil to Institute of Chartered Accountants in Malawi

Mpico pledged its continued partnership with Institute of Chartered Accountants in Malawi (ICAM) when itsOperations Manager, Elliot Jambo  on Saturday presented a cheque of K3 million to ICAM to help them organized a national conference in Mangochi.

Mpico presents the cheque to ICAM

He said Mpico believes their partnership with ICAM is of mutual benefit taking into account that they complement our services.

Jambo said the company feels it has the mandate to fulfill its corporate social responsibilities to the public.

“Our partnership is symbolic as we work in collaboration with ICAM on professional level as they deal with financial report and we provide them with books and financial statements for them to work on them,” he said.

The Operation manger added Mpico is one of the largest companies in the country which is listed on the Stock market and it needs the support of ICAM on how they could balance up their books for prosperity.

Jambo said Mpico felt obliged to make a positive contributing to ICAM as a strategic partnership to enable them host the National Conference in three weeks time in Mangochi.

“Assets and accounts aside, we need to build a consolidated partnership so that we can forge ahead in our partnership and collaboration,” he said.

ICAM Chief Executive Officer, Dr Francis Gondwe said his organization is delighted with the donation Mpico has made and urged other organization to emulate the example set by the company.

He said this show that Mpico values the partnership the two institutions have and in the long run having a mutual understanding on how to collaborate further.

“Mpico might not see the immediate benefit to have they have done to us. What I can assure them is that we would always be with them in managing their programmes in the country,” Gondwe Assured.

He said Mpico has fulfilled its mandate of providing corporate social responsibilities to the community their serve.

“We have a solid partnership with Mpico and we look forward to continue with it,” Gondwe said.

The National Conference for ICAM is lasted for September 21 to 23, 2017 in Mangochi.
ICAM members will pay participation fee of K250, 000 and non members is K350, 000.

Last year the conference had over 609 delegates from 196 companies which translated to K 4 billion of property and services.

The 2015 National conference for ICAM had 562 delegates from 167 companies.

Over 600 delegates are expected to attend this years ICAM.

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Mseuwaboma
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ICAM and its predecessor, SOCAM, have done much to promote accountancy in Malawi. However, greed on the part of ICAM and the Malawi Accountants Board (MAB) threatens to stifle further growth in the profession. Without justification, and sometimes without legal backing the two bodies seem to be competing to see who can collect the most subscriptions from members and even students of accountancy. The rate of subscriptions is not sustainable for organisations which employ a number of accountants at any given time – and it’s worse for self employed accountants in this depressed economy. In the past, we had a… Read more »
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