Malawi FA gets K90 million boost from a bank

Gabadinho Mhango of Malawi (11) celebrates goal with teammates

Thursday Aug 04, 2016. 11:21

The Football Association of Malawi (FAM) has received a major financial boost from First Discount Bank; totaling to a whopping K90 million.

According to the Nyasa Times website, both parties have signed a pre-contract partnership agreement that will run for three years.

Quoted by the website, FDH Managing Director ,Eric Quattara, said they are pleased to join forces with the FAM to support the Malawian national side.

"It is therefore undeniable that football is part of many Malawians lives. FDH is a home grown and home bread bank," said Quattara.

"We pride in our slogan which says ‘Our Bank, Our Future, Grow with us’

"This means we want to be part of the future and growth of Malawi even in football."

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Speaking after receiving the good news for the association, President Walter Nyamilandu said they are proud to associate themselves with the bank.

"This is good news to Malawi football and it could not come at a better time than now," reacted Nyamilandu.

"The Flames funding from government has just been reduced and we started panicking on getting funds for the team’s last AFCON match against Swaziland.

“We are very proud to be associated with FDH bank and I want to assure you that we will not let you down.

“FDH is welcome to football and has not made a mistake. It is a Malawian bank and there is no any other avenue that would have helped them grow than football.

"FAM will make sure that FDH gets the best deal in this agreement to show others that football has value."

Although the Flames are unable to qualify for the 2017 CAF Africa Cup of Nations, they are set to face Swaziland on the 3rd of September at home.

Meanwhile, the national team recently parted ways with coach Ernest Mtawali and FAM are searching for a new coach, whilst some are calling for the reappointment of the former international midfielder.