ZNBS donates K10, 000 to Catherine Phiri’s fight


THE Zambia National Building Society (ZNBS) has donated K10,000 towards Catherine Phiri’s World Boxing Council (WBC) gold bantamweight defence title fight against South African Gabisile Tshabalala on August 27 at Government Complex in Lusaka.

At the handover ceremony at ZNBS head office in Lusaka yesterday, managing director Joseph Chikolwa said the bank was happy to partner with Oriental Quarries Boxing Promotions (OQBP) to ensure the successful staging of the event. Chikolwa expressed confidence that Catherine would defend the title as she was a fearless and tactical boxer in the ring.

“Catherine is a beacon of hope for many young ladies out there and we feel honoured to offer this sponsorship to her defence fight.

“Her fearlessness and tact in the ring is what gives us the confidence to side with the winning team through this sponsorship,” he said

He said the bank would use the day of the fight to put across messages of financial literacy. “Our involvement in this cause is influenced by the fact that boxing in Zambia has begun to attract large crowds which gives our brand an opportunity to interact with people.

‘‘We hope that in the process we can put across messages of financial literacy as the country looks towards increasing financial inclusion from the current 59.3 percent,” he said.

Chikolwa also invited Catherine to open a student account with ZNBS to secure her educational career. OQBP operations manager Christopher Malunga said the stable was humbled by the bank’s sponsorship package and will ensure the money is used for boxing.

“We are grateful to the bank’s donation towards the staging of this fight. Our budget for staging this fight is K790,000 and the deficit is now K180, 000. We are hopeful that the deficit will be met before the fight,” he said.

Catherine thanked ZNBS for supporting female boxing and gave an assurance of victory on August 27.

“I am thankful for the sponsorship from ZNBS.  This gives me the morale to train harder and ensure I defend the title, which I will definitely do,” she said.