Old Mutual donates K5 million to Zoe Foundation

By Chisomo Phiri

As part of its 70th anniversary celebrations, Old Mutual on Tuesday donated K5 million to a Lilongwe-based orphanage Zoe Foundation which cares for 92 orphaned children.

The foundation,founded by Temwa Chilenga, also provides early childhood and primary education for children in the surrounding communities.

Speaking in an interview with local media after handing over the donation,Managing Director for Old Mutual Life Insurance Company Roy Punungwe said the gesture is a deliberate move to give back to the community as they celebrate 70 years of service.

“We are happy with what Temwa is doing here. She is a young lady who has moved mountains, and her story inspired us to come forward and help the foundation as we celebrate,” he said.

In her remarks, Chilenga commended Old Mutual for the donation, saying that the orphanage will leverage the support rendered to them.

“The foundation relies on farming and small-scale businesses to sustain itself, but these efforts are insufficient. This money will help us cater to some of the needs at the foundation,” she said.

Old Mutual opened its first office in Malawi in 1954, which operated as a mutual life insurance company until 1997 when the Old Mutual Group demutualised.

The company employs over 27 000 people and operate in 13 countries across two regions: Africa (South Africa, Namibia, Botswana, Zimbabwe, Kenya, Malawi, Tanzania, Ghana, Uganda, Rwanda, South Sudan and Eswatini) and Asia (China).