Page 17 - MALAWI SPORTS NEWSLETTER

CORPORATE WORLD PLEDGES SUPPORT
TOWARDS SPORTS ACTIVITIES IN THE COUNTRY
Part of the corporate world that attended the indaba.
The two-day Sports Indaba was attended by
several companies and parastatals, some of
which have been supporting di erent sport-
ing codes while others have not been
involved in sports.
According to the Honorable Minister of
Youth and Sports Richard Chimwendo
Banda, companies or parastatals which
generate massive profits should be able to
give 1 percent of their profits to sports as
one way of giving back to the society.
A representative from Salima Sugar Compa-
ny concurred with the Honorable Minister’s
remarks, saying it is, indeed, possible to
channel 1 percent of profits made by a com-
pany to sports causes in order for sports to
develop in the country and pledged that
they, as a company, would identify a sporting
code to sponsor, starting from the grass
root.
ISSUE NO: 1
Other companies whose representatives
attended the indaba also expressed interest
in supporting sports in the country, saying
sporting disciplines have the potential to
add value to their respective businesses.
Parastatals and companies such as NBS,
Malawi Gaming Board, Rab Processors
Limited and Sungold Food Processing Limit-
ed indicated that they would do more to
support sports in the country.
Companies and parastatals whose repre-
sentatives attended the indaba included
Chibuku Products Limited, Malawi Broad-
casting Corporation, Lilongwe City Coun-
cil, Sungold Food Processing Limited, RAB
Processors, NBS, Department of Immigra-
tion and Citizenship Services, Central
Region Water Board, Blantyre City Coun-
cil, Malawi Revenue Authority, Salima Sugar
Company, Exploits University and the Elec-
tricity Supply Corporation of Malawi.
MNCS NOVEMBER 2022 NEWSLETTER 17