Malawi’s leading commercial bank, the Standard Bank, has announced the increase of this year’s Standard Bank Cup sponsorship from K15 million to K20 million.
The good news was announced at the launching ceremony of the 2012-2013 Standard Bank Cup at Standard Bank Headquarters offices in Lilongwe on Saturday afternoon.
“We have decided to increase our sponsorship from K15 million to K20 million” said Paul Omar, Standard Bank Director of Personal and Business.
In his remarks, Omar said his institution is pleased and interested to take part in the development of soccer in the country despite the country going through economic difficulties.
He further said it is his institutions wish to see Malawi national team making another qualification to the African Cup of Nations and even World Cup.
“Standard Bank wants Flames to repeat-Afcon qualification if not to surpass by going all the way to the World Cup in Brazil,” said Omar.
Football Association of Malawi (FAM) president Walter Nyamilandu was overwhelmed with the bank’s gesture in increasing the sponsorship.
He also called upon other companies to emulate their example in taking part in football sponsorship.
Guest of honour principal secretary of sports, youth development and welfare Alex Mseka applauded Standard Bank for the sponsorship.
He, however, expressed no surprise with the continued sponsorship saying the government and Standard Bank have always been business partners.
The winner of this year’s competition will pocket K7 million while runners up will cut home K3.5 million.
Two semi-finalist will cut home K500, 000.00 while all the quarterfinalists will receive K250, 000.00 each.
Best electronic and print journalist will walk away with K100,000.00 each and stand a chance of winning a ticket to watch a number of Afcon games in South Africa next year through a special media competition called knockout media competition.Follow and Subscribe Nyasa TV :