FAM rolls out CAF electronic fitness test kits for Super League teams

Football Association of Malawi (FAM) has started assessing Super League players using the Electronic Physical Fitness Performance devices the Association received from Confederation of African Football (CAF) earlier this year. The devices are used to monitor the performance of athletes and will lead to improved performance, reduction of injuries, decrease in sudden cardiac arrest cases and reduce fatalities amongst other things. On Tuesday morning, FAM Youth and Physical Development Officer, James Sangala tried out the test kits at Country…

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NBS Bank expects half year profit after tax to be over 150%

By Duncan Mlanjira NBS Bank plc has issued its Trading Statement for the period ending June 30, 2019 and it advises its shareholders that profit after tax for this period is expected to be approximately 150% higher than the profit recorded during the previous corresponding period. According to the Bank’s Chief Executive Officer, Kwanele Ngwenya, the company, as according to listing requirements of the Malawi Stock Exchange, is required to publish the Trading Statement as soon as there is…

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NICO Group and SA-based Sanlam donate relief items to neglected victims of Cyclone Idai in Machinga

By Duncan Mlanjira NICO Group and its South Africa-based business partner, Sanlam on Thursday donated relief items worth K15 million to neglected victims in Machinga who were also affected by the Cyclone Idai floods that hit the country in March this year. According to the area’s Traditional Authority Nkula, they too were greatly affected by the floods but they did not know how to approach the relief-giving authorities or had the means to be noticed by them until World…

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US-Africa Business Summit Fruitful-Chimulirenji

By Maston Kaiya in Maputo, Mozambique Malawi’s Vice- President, Everton Chimulirenji has described the 12th US-Africa Business Summit held in Maputo, Mozambique as fruitful for Malawi. He made the remarks on Wednesday during a Press briefing at Polana Serena Hotel in the Mozambican capital Maputo at the end of the summit. The four-day event was jointly hosted by Mozambique and Corporate Council on Africa (CCA). CCA is a Washington-based business association that promotes business and investment opportunities between the…

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Castel at risk of closure — discloses Managing Director

By Duncan Mlanjira Castel Malawi Ltd, which took over management of Carlsberg Malawi Brewery just a few years ago, is at risk of closure due to continued decline in sales volume, turnover and heavy excise tax rate. This was announced by Castel Malawi Managing Director Herve Milhade in a memo on Monday, June 17 to its members of staff. Milhade said over the past few years, Castel Malawi Ltd has struggled to maintain business profitability due to mostly unfair…

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NBS Bank celebrates Father’s Day by donating MK1 million to an orphanage

By Duncan Mlanjira In commemorating Father’s Day, which is celebrated on June 16 and this year fell today on Sunday, NBS Bank’s male staff members who are fathers on their own right, have committed themselves to donate MK1 million to an orphanage. NBS Bank’s Chief Executive Officer Kwanele Ngwenya said they came up with this initiative because every child has a right to a father. “We have decided to donate the K1 million to an orphanage to celebrate with…

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Parliament to Set Dates for Budget Session

By Chikondi Chimala & Govati Nyirenda The 2019/2020 Budget Session is scheduled to take place in September 2019 and not the usual June-July owing to the need to put in place new structures for the newly elected Members of Parliament (MPs). Senior Assistant Clerk of Parliament, Joseph Manzi disclosed this Wednesday in Lilongwe during the on-going orientation of newly elected Members of Parliament. He said it was important that Parliament through the yet to be set Business Committee of…

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Malawi ICT association to hold inaugural international ICT Expo at BICC in Lilongwe

By Duncan Mlanjira In a bid to speed up the growth of information communication technology, the Information and Communication Technology Association of Malawi (ICTAM) has revealed plans to host the country’s inaugural international ICT Expo to be held on August 22-23 at the Bingu wa Mutharika International Convention Centre (BICC) in Lilongwe. To be held under the theme ‘ICT as a catalyst for economic growth’, ICTAM says in a press statement that the Expo will help champion policies that will…

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World chess governing body FIDE signs sponsorship deal with Coca-Cola

By Duncan Mlanjira World chess governing body, the Federation International des Echecs (Fide) has signed a brand-new cooperation agreement with the Coca-Cola  company. Coca-Cola has a long history of supporting sports, a tradition which dates back nearly a century ago.  This company is the longest continuous corporate partner of the International Olympic Committee (IOC) since Amsterdam 1928 Games and it has helped numerous athletes and Paralympic athletes to achieve their goals. A joint statement by the two parties says…

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Newly-elected Karonga Ward Councillors commit themselves to intervene on mining activities

By Jordan Simeon-Phiri, MEC Stringer Following the release of official Local Government and Parliamentary elections results by the Malawi Electoral Commission (MEC), Justice and Peace (JP) of Karonga Diocese on Wednesday brought together ward councillors from three constituencies and their Members of Parliament to an interface meeting with the community members to discuss issues affecting the mining industry in the district. Project coordinator for extractives at JP, Vincent Bwinga said the meeting that took place at Manguzi Lodge came…

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