TNM Super League champions Nyasa Big Bullets have signed a business partnership contract with insurance brokers Hubertus Clausus Malawi Limited.
During the contract-signing ceremony in Blantyre on Tuesday, the two parties said the agreement aims at promoting common business interests that can grow their brands and make sustainable market position in a creative and innovative fashion.
Among the agreed terms, there is an arrangement in which Bullets are urged to lure their supporters to insure through Hubertus on all insurances and get 20 percent of gross commission on all sales from the deal.
Initially, the project has been rolled up in Blantyre and Lilongwe and will gradually grow to the rest of the country.
“The main objective of this contract is to help Bullets maximise their income. It will also help our brand value to rise through our association with the football champions,” said the insurance brokers’ finance director Malinda Chinyama, but he could not disclose the financial value of the contract.
On his part, Bullets chief executive officer Suzgo Nyirenda, who was accompanied by the club’s vice-president Fleetwood Haiya, said the deal will help them grow their brand and financial muscle.
“For us to grow and promote our brand even across the borders, we need to bring on board partners of international repute. This will motivate us to work extra hard and win more trophies,” he said.