Malawi: NBS Bank, FAM Gives Charity Shield Proceeds to Beneficiaries

NBS Bank plc and Football Association of Malawi (FAM) have distributed proceeds from the NBS Charity Shield match and 2023 Africa Cup of Nations (Afcon) qualifiers between Malawi and Egypt amounting K30.5 million to Cyclone Freddy victims and Flames legends.

NBS Bank pumped in K20 million into the Charity Shield match, which raised the same amount, before FAM added K10.5 million from the Afcon match proceeds to the cause.

Speaking during the handover ceremony at Mpira Village in Chiwembe, Blantyre on Thursday, NBS Bank Chief Executive Officer, Kwanele Ngwenya said as a ‘Caring Bank’, they are committed to getting involved in charity work.

“We are happy with the positive marks that are left behind through such initiatives. This works well with our strategy of reaching out to the society. Our partnership with FAM started last year when we supported other victims of the Cyclone, but this one is a very long one,” he said.

FAM General Secretary, Alfred Gunda said the association has divided the beneficiaries into four categories: football legends, football coaches whose houses were damaged, football players and some affected families from Mtauchira Village, Traditional Authority Likoswe in Chiradzulu.

“This presentation underscores our strong belief that football is a force for good and NBS Bank’s continued support significantly helps the cause,” said Gunda.

Some of the beneficiaries include former Flames goalkeepers Clement Mkwalula and the late Boniface Maganga who got K1.5 million and K1 million respectively in the legends programme.