Tag Archives: FDH

Business, Malawi, Other Sports, Sports

FDH drills Flames players on investment

Lloyd M’bwana
Flames players listening attentively to the lecture

BLANTYRE-(MaraviPost)-First Discount House Limited, a subsidiary of FDH Financial Holdings Limited on Thursday afternoon, June 10, 2021 drilled Malawi national football team players on how they can invest their earnings to prepare them for life after football.

This comes after FDH Bank, another subsidiary of FDH Financial Holdings Limited opened investment accounts worth MK100, 000 for each player as a token of appreciation for qualifying for the 2021 Africa Cup of Nations finals.

FDH Senior Investment and Business Development Manager Tamanda Kapalamula said as the official sponsors of the Flames, they want to see the players sustain their living after retiring by investing their earnings.

“We pledged to give each player a seed capital of their investment with FDH Discount House worth MK100,000 for them to add on it and keep on investing so that they grow their income.

“We saw it wise to train them on how they can invest the money they are earning today to prepare them for life after retiring from playing football.

“Having an investment account will help the players to have a sustainable income source in future because football is a short-term career. One can even go into early retirement because of an injury hence the need for the players to invest their money”, he said.

South Africa-based striker Richard Mbulu said the talk has helped the players understand the importance of serving money for the future.

A First Discount House official (left) drilling Flames players on how they can invest their earnings

“It was a timely and very important talk to us. We have seen former players whom we used to admire failing to make ends meet because they failed to invest their earnings. But we have been privileged with such an opportunity to know the advantages of investing our money now.

“I personally will invest my money with FDH and I would like to urge my fellow players to do the same because this will help us and our families in the future,” said Mbulu.

FDH Bank provides an annual sponsorship of MK60 million to the Flames and recently launched the FDH Bank Cup worth MK450 million going for MK90 million a season for the next five seasons with the winner carting home a cool MK25 million, the biggest prize money for any local football competition in the country.

Business, Sports

FDH Bank launches Wamkaka promotion to boost Flames support

Maravi Post Reporter
Flames Coach Meke Mwase with FDH staff members during the launch of Wamkaka promotion

BLANTYRE-(MaraviPost)-FDH Bank plc has launched a four month promotion dubbed ‘Wamkaka’ which is a celebration of Malawi National Football team, the Flames qualification of the continental Africa Cup of Nations tournament.

The promotion will see a lucky winner smiling all the way to the bank with a MK5 million grand prize.

Launching the promotion in Blantyre Friday, FDH Bank Head of Personal and Business Banking Kawawa Msapato said the Bank, as the official sponsors of the Flames, is proud that the team qualified for the Africa Cup of Nations 2022 to be played in Cameroon next year.

“But apart from celebrating that Flames inatimwesa Wamkaka, we are also encouraging our customers to prepare and save, so that they achieve their financial goals for themselves and their families. Azamwe wamkaka,” said Msapato.

He said saving money is a significant part of a healthy financial future and knowing that one has cash on hand for emergencies, education or even down payment for any desired purchases is very important.

“We are encouraging a saving culture among Malawians,” said Msapato.

He said to enter the promotion, existing customers will need to deposit K50,000.00 into their Savings Account and keep it for a minimum of one month while for new customers they will need to open a Savings Account and deposit K50,000.00 and keep it for a minimum of one month.

“The promotion will see one lucky customer walking away with a grand prize of K5 million at the end of the promotion. Everyone who is going to enter the promotion and save, is a winner and they will achieve their savings goals, azamwa wamkaka. I therefore encourage all our customers both new and existing to take part in this promotion and stand a chance of winning great prizes while you also achieve your saving objectives,” said Kawawa.

Msapato (elft) with a customer Jimmy Changa during the launch of the promotion

Apart from the MK5 million grand prize winner, there will be 106 winners every month, MK300,000.00 to one lucky winner, MK50,000.00 to 20 lucky winners, two 50kg Fertilizer Bags to 10 lucky winners, Flames Replica Jerseys to 25 winners and 2 Metres FDH branded Chitenje to 50 lucky winners

FDH Bank, a home grown bank, is the official sponsor of the Malawi National Football team the flames and in 2019 the bank announced a 5 year MK450 million sponsorship of the FDH Football cup in addition to sponsoring the Flames. The bank also sponsors  the Malawi Netball team the Queens  and the Netball Association of Malawi with a 3 year deal amounting to MK360 million.

FDH Bank has the widest branch network in Malawi with 51 service centres and the most comprehensive digital products.