National Bank of Malawi (NBM) plc supported the Institute of Chartered Accountants' (ICAM) conference with K3 million. ICAM is set to host the conference in Mangochi between November 12-15 under the theme “Prudent financial management- Key to business resilience”.
Speaking during the cheque handover on Wednesday, NBM Chief Finance Officer (CFO), Masauko Katsala said they felt the need to help because the conference offers a great opportunity for accountants to share ideas.
“As NBM, we are very proud to be associated with ICAM, the body that regulates the accounting professionals in the country. We recruit a lot of accountants who are members of ICAM and we find the body relevant to our accountants. The theme they have chosen, we find it relevant and think our members of staff who are members of ICAM will benefit from the conference,” he said.
ICAM Chief Executive Officer, Francis Gondwe who represented the association, alongside other secretarial staff, said the donation will go along way in meeting the expenses at the conference.
“All the presentations will settle within the theme looking at the financial management prudence amidst COVID-19 pandemic. The accountancy profession is very dynamic and therefore it is very important that members attend to the trainings so that they can up their games to ensure provision of advanced services to their employers,” Gondwe said.
Gondwe said unlike last year, where over a thousand delegates attended the conference, this year the figure has been reduced to 600 due to COVID-19 restrictions by Government.
He said meanwhile the association still has a shortfall of about K60 million from the budgeted K90 million.