The red brigade, NBS Bank has signed a 10-year Memorandum of Understanding with the Malawi Defence Force (MDF), cementing its long-standing commitment to supporting war veterans through the MDF Veterans Thanksgiving Golf Tournament.
The agreement was signed at Kamuzu Barracks in Lilongwe, formalising years of growing support during which NBS Bank’s sponsorship increased from K16.5 million in 2020 to K100 million in 2025.
This makes the bank the tournament’s lead sponsor and the largest private sector contributor to veterans’ welfare through the initiative.
Speaking during the signing ceremony, NBS Bank Chief Executive Officer, Temwani Simwaka said the partnership reflects the institution’s commitment to national service and remembrance.
She said: “Service to the nation does not end at retirement.”
“As a proudly Malawian Bank, we recognise that the peace and progress we enjoy today was built on the sacrifices of these men and women,” added Simwaka.
She added that the Bank views the partnership as a long-term responsibility rather than a short-term sponsorship arrangement.
“This is not just about sponsorship. It is about standing with those who served, consistently and meaningfully, for years to come,” she said.
MDF Chief of Defence Force, General George Jaffu, described the initiative as a symbol of unity and gratitude towards retired soldiers.
“This tournament is more than a sporting event.
It is a platform for national unity and a vehicle for honouring those who gave everything so that others could live in peace,” said Jaffu.
He added that the 10-year agreement would ensure continuity in veteran support programmes.
Over the years, proceeds from the golf tournament have supported housing, healthcare, food, clothing, and general welfare needs for veterans and their dependants.
NBS Bank has also expanded its support beyond financial contributions, introducing financial literacy training, SME advisory services, and tailored banking solutions for retired military personnel.
In earlier interventions, the Bank also supported veterans through its parent company, NICO Holdings Group by donating wheelchairs to veterans with mobility challenges, further strengthening its welfare-focused approach.
“Service to the nation does not end at retirement.”
Temwani Simwaka
NBS Bank Chief Executive Officer
