National Bank of Malawi (NBM) has doubled this year’s Mo626 College Basketball Sponsorship to K62 million from K30million last year.
This was announced during the launch of the 2018/19 tournament at Lilongwe University of Agriculture and Natural Resources Bunda Campus in Lilongwe.
NBM General Manager, Harold Jiya, said the bank was happy with the conduct of students in last year’s competition, hence the increment.
‘’As a demonstration of our pressure and commitment, the bank is pleased to announce the increase of its investments in the college basketball from 30 million to 62 million. This investment has been divided into k35 million to direct sponsorship into the tournaments activities and the balance (of K27million) into supporting activities of the tournament like advertising, brand activation and other logistics.’’
‘’We want to be part and parcel of the national development by promoting basketball. We want to help in the grooming of the country’s future citizens. We believe that when students engage in sports, they become proactive and this helps them to become good economic agents. Ultimately, they will be good customers for our bank.’’ he said