Presidential Cup funding up from K120m to K400m

Finance Minister Joseph Mwanamveka has announced that the Presidential Initiative on Sports has been allocated K400 million up from K120 million.

Presidential Cup

Mwanamveka said this when he presented his natonal budgte statement in Parliament on Friday for the 2020/21 financial year.

He said President Peter Mutharika is committed to improving sporting standards in this country especially at grassroots level.

“In order to live up to this commitment, this government has increased sponsorship of the

Presidential Cup to K400.0 million from K120.0 million.

“Of this amount, K200.0 million will be allocated to football,” said Mwanamvekha.

“K100 million to netball and the balance of K100  million to cater for all other sports disciplines in all the districts,” he said.

The Financne Minister said the administration of all sports activities under the Presidential Cup initiative will be done through the Office of the President and Cabinet.

Date for the re-launch of this year’s PIS edition will be announced later.

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Chidakwa ku China
8 months ago

Why don’t you improve football or sports from the grassroots. Do we have the facilities in schools as we used to have in the Kamuzu days? We all know that Bwaila Secondary School, Central High, HHI etc used to produce very good football players. We are just doing these things for campaign purposes and it simply shows lack of direction by the government. Even connstructing stadiums for Bullets and Wanderers is just for campain purposes. If the two teams cannot sustain themselves how will they look after stadiums. The grass or turf would need groundsmen to look after. We have… Read more »

nafundo zalo
nafundo zalo
8 months ago

400 million????????? bwanji tone kaye za zisankhozi.
ma ARV amapomboneza mutu

Nicholous
Nicholous
8 months ago

Koma malonjezo abakha unalikuti nthawi only 11 days to wayamba vobwetukabwetuka. Nthawi yakuthera. Go in peace

Livulezi river
Livulezi river
8 months ago

Za ziiiìiii !!
Campaign yomweyi ?
There are a lot of important things that need urgent attention
Not these futbo business the dpp govt is bize with.
Construction of Nyasa bullets and noma stadia all in the name wooing votes
Mwauponda !!

Ndikumva gap
Ndikumva gap
8 months ago

Paja tinali kuti Nthawi yomweyi…1st July vs 23rd June ..Nyekhwe

MBEWE
MBEWE
8 months ago

😂😁😁hahaha!!! This is a joke right? … That’s a political campaign straight up! Stupid Government where have u been…? Very funny 😁😁😂

Lameki
8 months ago

D phi phi woyeeee

Malawi walero
Malawi walero
8 months ago

Mawa wapa ground training yeni yeni tsopano. Agogo womwewoooo 2025 woooooo

Wa Nick
Wa Nick
8 months ago

Desperation working to our advantage kkk

Real Northerner
Real Northerner
8 months ago

Koma Mutharika wazungulira mutu ndithu. Zonsezo sitikuvoterabe. Takana. Unali kuti nthawi yonseyi. Chonsechi ukuopa kutuluka kunja kwa State House, mpira uzikaonera kuti. Inu ndi ulendo basi. Sitikubwelera mbuyo. Takukana. Chitsiru cha munthu, mbuzi. Nyooo

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