NAPSA STARS IN $70,000 STANBIC BOOST

13 Aug 2019
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LUSAKA, ZAMBIA – Stanbic Bank Zambia has completed a kit sponsorship deal with NAPSA Stars FC worth US$70,000 for the 2019/20 football season scheduled to kick-off on August 31, 2019.

Signing of the sponsorship deal was held alongside the official NAPSA Stars kit unveiling for the upcoming season at the NAPSA Sports and Recreation Club in Lusaka.

Speaking during the event, NAPSA Stars FC Board Chairperson Stanley Zingani Phiri said Stanbic Bank had made a wise choice in partnering with one of the most renowned teams in Zambian football, adding that the team had been on a growth trajectory in recent years.

“Since the club was incorporated into a private company in 2012, we have been working very hard to transform it into an entity that shareholders and other stakeholders can be proud of,” he said.

“The club has a clear mandate which includes among other things promoting and developing sport as a source of livelihood and entertainment as well as contribute to social wellbeing of the community and prevent the emergence of negative vices among the youth. Stanbic’s gesture gives us more confidence and impedance to perform even better as a club.

“We have no doubt the team will benefit from this sponsorship in more ways than one. We expect to see extended financial literacy, leadership development along with better ability to identify business and investment opportunities among the players.”

Stanbic Bank Zambia Chief Executive Leina Gabaraane said Stanbic believed in sports development because it tied in with the bank’s core values.

“Stanbic Bank Zambia is part of the largest financial institution in Africa – the Standard Bank Group. Being the leading bank in Africa, we also ensure that we become the leading bank in every market in which we operate, in this case Zambia.

“We believe in sports development because it links strongly with our values in that as the leading financial institution in Zambia, we have the responsibility of ensuring that we drive the economy forward.

“Our commitment in driving the economy forward entails that we make strategic investments that support GDP growth while we maintain a very strong social economic drive. What this means is that we look at non-profit activities that can move the economy forward. Some of these activities include constructing homes for under-privileged families and building modern mothers’ shelters at rural clinics to reduce maternal mortality.”

Mr Gabaraane explained that one of the biggest responsibilities that the bank had in Zambia was to help reduce unemployment.

“This can be achieved in different ways, which include investing in the economy or through the development of sport - which in its nature has great potential for creating employment. If Europe can create a big industry around football, why can’t we?

“An important ingredient in raising football standards in Zambia is corporate partnership. We believe that we can create an industry around sport in Zambia by being a corporate partner. We expect this partnership to grow and we expect to equally see NAPSA Stars grow. We are the number one bank in Zambia, we want to see NAPSA stars become the number one team in the country.”

In his keynote address, National Pension Scheme Authority Director General Yollard Kachinda said he was delighted with the support the club had received Stanbic Bank. “This partnership could not have come at a better time - when Zambian football and NAPSA Stars in particular are going through a major transformation,” he said.

“We treasure this partnership as it will ease some of the logistical challenges the team has been facing. This partnership is more than just corporate social responsibility as it will go a long way in supplementing our efforts in promoting football, creating jobs and stimulating effective demand for goods and services thereby reducing poverty.

“Our belief and hope is that we can continue to sustain families connected to this team and this sport. We want to assure Stanbic Bank that our partnership will help transform football in Zambia and this should be natured. I’d like to call upon the team to embrace this support from Stanbic by putting in more effort on the pitch and secure qualification to CAF champions’ league.”


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