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TNM Mpamba launches overdraft facility dubbed Mpamba Ndikankhe

August 25, 2023

Sukasuka briefing the media * Dubbed TNM Mpamba Kankhe, the facility offers a financial envelope allowing customers withdraw cash or transact with equivalent value using their TNM Mpamba wallets * It’s difficult to obtain loans when one needs most from conventional banks, but TNM Mpamba has eased that burden By Duncan Mlanjira It never gets better in as far as mobile money service is concerned; TNM Mpamba Ltd, a wholly owned subsidiary of TNM Plc, has become the first…

Castel Malawi injects K25m into Lucius Banda’s Impakt Events’ Sand Music Festival

August 25, 2023

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| Business, Entertainment, News, Tourism

* Our coming in this year symbolises the growth of our relationship that has been registering remarkable strides over the years * Sand Music Festival presents several growth opportunities to several sectors * As such Castel believes that the event provides effective platform for engagement By Duncan Mlanjira In what can best be described as blossoming of a cordial relationship, Castel Malawi Limited has pumped K25 million into this year’s Sand Music Festival — from September 28 to October…

Kunkuyu circumvents the Law by ordering MACRA to vacate the injunction that was obtained against MultiChoice Malawi to effect price adjustments

August 24, 2023

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| Business, Courts, Law Enforcement, News

* According to the Communications Act, MACRA may, where necessary, seek the general guidance direction of the Minister as to the manner in which it is to carry out its duties under this Act * The directions given by the Minister under subsection (1) shall be in writing and shall be published in the Gazette * Except as provided for under this Act or any other law, the Authority shall be independent in the performance it is functions By…

Chakwera engages Illovo Sugar Group in South Africa on value chain diversification

August 24, 2023

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| Business, National, News

* Illovo is about 60 years old in Malawi but they have really done only the sugar value chain addition * Time is now ripe with the Shire Valley Transformation Programme, which focuses on gravity fed irrigation By Manasse Nyirenda, MANA in Johannesburg President Lazarus Chakwera has asked Illovo Sugar Group to diversify their value chain in Malawi to other crops for the benefit of Malawians and also the company. After an engagement the President has with Illovo Africa…

ESCOM warns of countrywide power disconnections including Government MDAs

August 24, 2023

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| Business, National, News

The Capital Hill, seat of the Malawi Government * Pay in full all outstanding balances and to check with the power utility if their current bills have not been received By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM) has announced countrywide power disconnections from Monday, August 28 on all overdue accounts — including Government Ministries, Departments and Agencies (MDAs), which are ESCOM’s biggest debtor and consumer. In a public notice, ESCOM is advising customers to pay in full…

Electricity load shedding expected from Saturday till Monday

August 24, 2023

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| Business, National, News

* Due to maintenance works by EGENCO at Tedzani Hydro Power Station during the said period * Available capacity from major hydropower plants will drop from 371.2MW to 263.2MW * This will result in unmet demand during the morning, midday and evening peak periods By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM) is alerting the public to expect power load shedding from Saturday, August 26 till Monday August 28. In a public notice, ESCOM says this is due…

Malawian business industry embracing first-ever digital service Tenderite to combat corruption in procurement

August 24, 2023

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| Business, National, News

PSB Founder & Chairman, William Sichinga briefing the media * Developed by Products & Services Bureau (PSB) Limited — Malawi’s broker of goods and services * Its primary objectives is to deter occurrences of corrupt and fraudulent practices and rendering the society of equal opportunities for all By Duncan Mlanjira Since 2022, Tenderite, Malawi’s first-ever digital service that was developed to combat corruption in procurement, dubbed the Corruption Vaccine, has processed over 3,000 procurement services — indicating that the…

Pictorial focus on President Chakwera’s trip to Angola for SADC Summit

August 23, 2023

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| Business, International, National, News

President Lazarus Chakwera attended the SADC’s 43rd Ordinary Summit of Heads of State and Government on August 17, 2023 where he also held bilateral talks with Angola President, Joao Manuel Gonvalves Lourenco on Friday August 18, 2023. Among other activities, the summit elected Angola to become next chairperson of the SADC, succeeding the Democratic Republic of the Congo (DRC). The Summit also provided political direction and commitment on how the region should position itself in the face of diverse…

South African company commits US$20m towards establishment of a rice mega farm in Malawi

August 23, 2023

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| Agriculture, Business, International, National, News

* Targets production of up to 100,000 tons of rice on 10,000 hectares of land * This will make Malawi the champion of rice production — not only in South Africa, but also the whole SADC region By Manasse Nyirenda, MANA in Johannesburg Natal East India, a South Africa company which deals in rice farming, milling and distribution, has committed about US$20 million towards establishment of a rice mega farm in Malawi. This was announced after the company and…

MultiChoice Malawi keeping fingers crossed on mediation results from Parliament, Ministry of Information and court case on August 25

August 21, 2023

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| Business, Courts, Law Enforcement, News

* Says they are not seeking for preferential treatment in Malawi, but their goal is to operate in a fair corporate and private sector landscape that will benefit their customers By Duncan Mlanjira After their meeting called by Parliamentary Committee on on Media, Information & Communications last Wednesday, August 16, MultiChoice Malawi are keeping fingers crossed on mediation results — that include intervention from Minister of Information Moses Kunkuyu and a court hearing if the case on Friday, August…