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Corporate social responsibility

CDH Investment Bank sponsors K2.4m to the Malawi Aquatic Union for the 2023 national swimming championships

CDH Investment Bank Capital City Banking Centre Manager Mr Molius Mangaawuma hands over a symbolic cheque to Malawi Aquatic Union Secretary General Mrs Beatrice Makwenda
CDH Investment Bank Capital City Banking Centre Manager Mr Molius Mangaawuma hands over a symbolic cheque to Malawi Aquatic Union Secretary General Mrs Beatrice Makwenda

CDH Investment Bank (CDHIB) sponsored the Malawi Aquatic Union (MAU) with K2.4 million for hosting of the national swimming championship which was held from Thursday 2nd March 2023 to Saturday 4th March 2023 at African Bible College (ABC) in Lilongwe.

Speaking during the symbolic cheque presentation to the Union on Wednesday 1st March 2023 in Lilongwe, the Bank’s Capital City Banking Centre Manager, Molius Mangaawuma said they were compelled to support the dressing of the technical team that include ushers and umpires during the championships.

“As we contribute to the national championships, we trust that our sponsorship will result into further development of swimming in Malawi,” he said, adding that the bank is committed to creating value for various stakeholders, and swimming is a sport that has the potential to elevate Malawi on the international scene and therefore needs support.

“We are glad to see that the sport is developing through various competitions and activities the union conducts to develop youth and talent in the sport.”

Mangaawuma, therefore, called upon the private sector to support the sport through participation and sponsorships.

Receiving the cheque, the Union’s Secretary General, Beatrice Makwenda commended the bank for its support, saying it is “timely and will go a long way — especially in dressing the technical panel that makes sure that they are operating in a comfortable environment”.

Makwenda said their initial budget for this year’s champions was at K8.4 million and believed that the Union will receive more support from others.

She added that almost 284 swimmers ranging from the age of six to 60 years will participate.

The national swimming championships were officially opened by Minister of Youth and Sports, Mr Uchizi Mkandawire who shared that government is committed to promoting and supporting all sports codes in the country including swimming. 

In her remarks, the Malawi Aquatic Union presidents, Hon. Monica Chang’anamuno who is also Minister of Mining, said she was pleased with the performance of the athletes. The competition was a success and had high patronage and showcased swimming prowess of many youth. 

Twelve year old Tasunje Mkavea, stole the day after hauling 13 gold medals and a silver medal in the 12-13 age category improving on his previous year track record. He shared his ambition is to continue representing Malawi in regional and world events.”

External link: https://www.nyasatimes.com/cdhib-sponsors-malawi-aquatic-union-with-k2-4m-towards-national-swimming-championships/  or The Nation newspaper, Tuesday 7th March 2023, page 30. 

 

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