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Nico Asset Managers has unveiled a three-year K26.7 million sponsorship for the National Schools Chess League. During presentation of the first tranche of K8.9 million to Chess Association of Malawi (Chessam) in Blantyre yesterday, the company's chief investment officer Daniel Dunga said the package for the final two years might be revised depending on performance. ....
Malawi National Council of Sports has increased minimum annual subvention to associations from K500 000 to K5 million, representing a 1 000 percent hike. The affiliation fee the associations pay to Sports Council has also been adjusted upwards from K50 000 to K150 000, translating to a 200 percent increment. Sports Council board chairperson Sunduzwayo ....