Old Mutual raises Mathematics Olympiad sponsorship to K55 million

Mzuzu University Deputy Vice-Chancellor, Dr Simeon Gwayi, has called for concerted efforts to break the stigma surrounding mathematics and encourage more girls to pursue science-related subjects, describing mathematics as a key driver in achieving Malawi 2063.

Dr Gwayi was speaking at Mzuzu University during the launch of the 2026 Old Mutual Mathematics Olympiad, where Old Mutual Life Assurance handed over K55 million towards this year’s competition.

He said although girls’ participation in mathematics and science subjects has improved over the years, more needs to be done to encourage them to overcome barriers and take up opportunities in the fields.

Gwayi further emphasised the importance of mathematics in national development, urging learners to appreciate the subject and recognise its role in shaping their academic and professional futures.

Meanwhile, Old Mutual Life Assurance Managing Director, Mark Mikwamba, said the company had increased its sponsorship from K45 million last year to K55 million this year to enable more schools to participate in the competition.

Mikwamba said the company’s continued investment in the Olympiad is aimed at nurturing critical thinking and problem-solving skills among young people.

“Mathematics plays an important role in national development, and through this competition, we want to encourage young people to develop critical thinking skills that will help them contribute to the country’s development,” said Mikwamba.

The Old Mutual Mathematics Olympiad brings together talented secondary school students from across Malawi and has been running for more than a decade, providing learners with a platform to showcase and develop their mathematical abilities.