Government concedes there is no crop to replace tobacco

By John Saukira Ministry of Agriculture, Irrigation and Water Development has admitted that there is no crop to immediately replace tobacco as the country’s major cash earner despite all efforts to try diversification. One article of the Agricultural policy that is in place calls for crop diversification to tobacco in order to move from its over-dependency. Speaking when he opened this year’s Tobacco Industry conference at Ufulu Garden in the Capital City Lilongwe, the Ministry’s Principal Secretary, Nyandule Phiri…

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Lilongwe man wins K1m New Finance Bank Moto Buu grand prize

By John Saukira Lilongwe-based Clement Mwakenenge is expected to smile all the way to the bank after emerging winner of New Finance Bank’s Moto Buu promotion’s grand prize. The grand draw of the promotion, which was introduced in August this year, took place on Thursday at NFB head office in Lilongwe. The bank’s Chief Commercial Manager Benard Mkandawire said the promotion has helped to strengthen relationship between themselves and their customers in which they have now accumulated 55,000 customers…

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Golf tourney fundraises K4 million for needy students

By John Saukira A fundraising golf tournament held at Lilongwe Golf Club on Saturday organized by Rotary Club of Bwaila in aid of Ndiphunzire Education Fund raked in about K4 million. Assistant District Governor for Rotary Clubs of Bwaila, Lilongwe and Chipata, Joseph Chavula said Bwaila Club established the Ndiphunzire Education Fund to help deserving needy students whose applications for fees have been rejected by the Higher Education Students Loans and Grants Board.   He said the Grants Board…

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Female prison warder wins K10 million grand Airtel Bandulo Bandulo prize

By Muloyi Magenge  Grace Pearson, a female prison warder at Maula Prison in Lilongwe, on Monday emerged winner of the MK10 million grand prize of Airtel Bandulo Bandulo promotion. The promotion ran from August 15 to December 5 and 28 people across the country won MK1 million each in 14 weekly draws. At least 1,050 Airtel subscribers won the 4G internet Mifi internet routers each while 1,050 others received K10,000 cash each. The promotion has seen plenty of ordinary…

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ICON Properties lists on Malawi Stock Exchange; opens Initial Public Offer of shares

By Duncan Mlanjira Newly-formed ICON Properties, a subsidiary of NICO Holdings, which aims at transforming the real estate landscape to the next level so that they continue to being the market leader, has successfully listed on the Malawi Stock Exchange and on Friday, December 7 opened the Initial Public Offer of shares (IPO). This was announced on Friday the director of the Board of ICON Properties, Vizenge Kumwenda at a press conference held at NICO Holdings boardroom at Chibisa…

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Customers accessing Airtel Money services through NBM’s MO626, TNM’s Mpamba

By Duncan Mlanjira Airtel Malawi is in the process of intergrating their electronic money transfer, Airtel Money in partnership with National Bank of Malawi (NBM) and fellow mobile service provider TNM for their customers to send or receive funds. A communique from NBM sent through TNM mobile phone SMS service and well circulated on social media says: “We are pleased to advise that NBM customers can now send money from an NBM account to an Airtel Money wallet using…

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PSI rebrands packaging for Chishango condoms

By John Saukira Population Services International (PSI) has rebranded the packaging of Chishango condoms to make them more attractive and user friendly. At the launch ceremony, PSI Malawi country representative Jephta Mtema said the rebranded Chishango preserves the same symbol of a shield with some modern features and that the rebranding is as a result of what their target consumers want,” he said. He said PSI remains committed to play its role in making sure that condoms are readily…

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Malawi’s wonder therapeutic Teras Juice rebrands on product packaging; penetrates business in Zambia

By Duncan Mlanjira Manufacturers of Teras Juice, Malawi’s wonder therapeutic concoction of fruits and vegetables that heals every body ailment, has rebranded the product’s packaging from transparent bottle with a white label to a green bottle and plans are under way to have a different shaped bottle from the ones used by most of the people in the industry. And at the same time, Teras Health Care has gone international by opening branches in Zambia since the product has…

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Did you know ? : Malawi’s Fuel Price Below Global Average

Malawi’s fuel prices are lower than the average of global prices in the period between August and November, a global patrol price portal has shown. According to the globalpetroprices.com, the average value for Malawi during that period was 908.77 Malawian Kwacha with a minimum of 888.00 Malawian Kwacha on 13-Aug-2018 and a maximum of 932.50 Malawian Kwacha on 08-Oct-2018. “For comparison, the average price of gasoline in the world for this period is 1,170.67 Malawian Kwacha,” says the website….

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Government launches agro-based financial institution MAIIC created by CDH Investment Bank

By Duncan Mlanjira A government initiated but private sector led development finance entity, the Malawi Agricultural and Industrial Corporation Plc (MAIIC), was launched to the media on Wednesday that will empower agro-businesses and industrial companies to acquire finance assistance, management skills and training as as loans. But it will not be a bank per se but will be a vehicle for spearheading private sector development in Malawi, an autonomous, sustainable and private sector-led development finance entity in line with…

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