THE Zambia Army and Grand Insurance Brokers Limited yesterday signed a memorandum of understanding (MoU) worth K200, 000 aimed at improving standards of Green Buffaloes Amateur Boxing Club.
At a signing in ceremony held at Zambia Army headquarters in Lusaka, Grand Insurance Brokers chief executive officer Henry Mulambo said the MoU will run for two years and K100, 000 will be released annually to the club towards material and financial support. Mulambo said they appreciated the good work Zambia Army was performing in the area of peace-keeping in the country and the continent, making them deserve the support from the corporate world.
“I thank the command for the support rendered to us as an institution in the past two years. We feel the need to give support in the area of amateur boxing as part of our corporate social responsibility. The club has contributed renowned boxers like Lottie Mwale that have brought honours to the nation.
“We will give annual material and financial support to Green Buffaloes Amateur Boxing Club worth K100, 000 – K60, 000 to boxing equipment and K40, 000 towards an annual tournament involving boxers within the club,” he said.
Meanwhile, Zambia Army deputy commander Major General Topply Lubaya said the command will ensure that the MoU is implemented to witness an improvement in boxing.
Major Gen Lubaya said the club had on many occasions failed to travel for tournaments due to inadequate resources.
“We commend you for seeing the potential in our club and offer this huge sponsorship package. The club membership consists of serving soldiers, dependants and the community. We have 22 senior boxers and 12 juniors.
“Your sponsorship is a great relief to the club in meeting tournament requirements. We welcome the corporate world and remain committed to improving sports in the country. You will definitely see positive results at the end of next year,” he said.
He advised the officials and boxers to uphold high standards of discipline, hard work, consistency and total support to the sponsors.
The procured boxing equipment included gloves, punching bags, headgear and mouth guards.