FDH Bank has announced a significant increase in its sponsorship of the FDH Bank Cup, raising the funding from K150 million to K250 million.
Ronald Chinchere, the bank’s Head of Marketing, stated that the decision to increase the sponsorship was prompted by the rising cost of living in the country. “We have increased this support because of the rising cost of living in the country,” Chinchere said.
Chinchere made the announcement today during the draw for this year’s competition at Mpira Village in Chiwembe, Blantyre.
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Football Association of Malawi (FAM) General Secretary, Alfred Gift Gunda, has commended the bank for its increased support. “We appreciate the bank for increasing this support,” Gunda remarked.
This year’s champions will walk away with K45 million, while the runners-up will receive K25 million. Teams reaching the semifinals will each be awarded K8 million.
Additionally, top-performing teams from the lower divisions will receive uniforms and K1.5 million each.
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