Flames fund-raising drive generates K7m more

Football Association of Malawi’s (FAM) fund-raising drive for the Flames has generated over K7 million more.

This was announced by FAM president Walter Nyamilandu when Standard Bank donated K5 million towards the cause.

FAM’s target was to raise K15 million, but according to Nyamilandu, as of yesterday, the crusade had generated K22.7 million

Nyamilandu said the money will go towards offsetting part of the K25 million bank overdraft which the association obtained through a guarantee from Carlsberg Malawi who are Flames’ official sponsors.

“It is important that we offset the better part of the overdraft because we could qualify for Afcon and we’ll need more money,” said Nyamilandu.

Apart from Standard Bank’s latest donation, FAM also got a similar amount from TNM, K10 million from Airtel and K2.7 million through perimeter advertising from Nico, National Bank of Malawi and Illovo.

Speaking during the cheque presentation ceremony, Standard Bank legal counsel/company secretary and head of compliance Etness Chanza said football sponsorship remains the bank’s key pillar to its corporate social responsibility.

“Over the years, we have been overwhelmed with how passionate people are with football,” said Chanza.