September 2022 – Page 3 – Maravi Express – Your Kind of News. Clear and accurate.

Former Finance Minister Mwanamvekha contends that DPP-led government managed the economy very well

September 16, 2022

Joseph Mathyola Mwanamvekha * This is on record, and that empirical statistics and evidence is available to confirm this fact * There have been a lot of misreporting and misinformation on current shortages of forex in Malawi * And the Tonse Alliance government has resorted to blaming the DPP-led administration By Duncan Mlanjira As the country’s fierce critics continue to express their dissatisfaction over the mismanagement of Malawi’s economy, former Finance Minister in the Democratic Progress Party (DPP) regime,…

CAMA implores on Chakwera to assemble bright minds, even those he hates, to urgently resolve Malawi’s current economic challenges

September 16, 2022

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* The President has been advised on several occasions that he needs well experienced and knowledgeable team of economic advisers * The current crop of his advisors are doing him a big disservice and this has contributed to his current poor economic and political poor rating * The President continues to make avoidable economic mistakes such as unnecessary over expenditures By Duncan Mlanjira Consumer Association of Malawi (CAMA) contends that the Malawi economy “has shown all elements of a…

RBM invites Malawians in diaspora to a virtual Monetary Policy Conference

September 16, 2022

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* This year’s conference provides the right forum to brainstorm issues with all relevant sectors of the economy * To enhance monetary policy in the current environment — Reserve Bank of Malawi By Duncan Mlanjira Ministry of Foreign Affairs has invited Malawians in diaspora to virtual attend Reserve Bank of Malawi’s annual Monetary Policy Conference scheduled for September 29-30 from 08:00hrs (Malawian time). The conference, whose host will be RBM Governor, Dr. Wilson Banda and Minister of Finance Sosten…

Nyasa Big Bullets congratulates appointment of Board of Mighty Wanderers Football Club 2021 Limited

September 14, 2022

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* This is the right direction as Mighty Wanderers embarks on a process of professionalization and commercialization By Duncan Mlanjira On the pitch, Nyasa Big Bullets and Mighty Wanderers are sworn arch rivals, which ends after the game, with their fans trekking back to their respective homes together. That’s the spirit that Nyasa Big Bullets Limited management has displayed as the People’s Team congratulates Mighty Wanderers Football Club (2021) for the appoints of its Board, headed by Dr. Thomson…

Public applauds pump price decrease for petrol but decries continued scarcity of diesel

September 14, 2022

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Maravi Express With effect from Thursday (September 15) pump price for petrol has reduced to K1,746 per litre from K1,946 — representing a 10.28%. This comes after another reduction that was effected last month from K1,999 to K1,946 per litre. However, the price for diesel is still at K1,920 per litre, as according to a notice from Malawi Energy Regulatory Authority (MERA). Paraffin for industrial use has also been maintained K1,261 per litre while the price for liquefied petroleum…

Malawi Ministry of Finance cannot convince IMF of ability to repay its debt under current economic and governance situation—chief economist Chifipa Mhango

September 14, 2022

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* No matter how brilliant the words are in a speech, IMF looks at your daily actions * The fiscal position and management of the resources before and after becomes imperative By Duncan Mlanjira In offering President Lazarus Chakwera, a 5-straight action plan to win back the confidence of international lenders, such as the International Monetary Fund (IMF), South African-based Malawian chief economist, Chifipa Mhango highlighted several governance and economic environment shortfalls the country is facing. Chifipa said the…

SA-based chief economist Chifipa Mhango offers Chakwera 5-straight action plan to win back confidence of IMF

September 14, 2022

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Chifipa Mhango, very much revered in his host country * Consequences of not having ECF support from IMF for Malawi has serious economic and political stability implications * For it may negatively affect provision of health services, education, as well as overall macro-economic stability among others By Duncan Mlanjira Following the decision by the International Monetary Fund (IMF) to put on hold talks over a new extended credit facility (ECF) with Malawi until a resolution is made on the…

Othakarhaka Charity Foundation amongst recipients of Young Achievers Award of Excellence

September 14, 2022

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Othakarhaka founder, Ida Puliwa Mwango * Alongside social media influencer, Pemphero Mphande and Courageous Msasa — founder of Courageous Kids Foundation in Chilobwe * The awards honors Malawians that impact communities and societies they live in and celebrate people while they are alive * The beauty of it is that I never even knew of the existence of these awards, let alone that I had been nominated * I was so humbled that what we do at Othakarhaka is…

FDH Bank stimulated its customers embracing saving culture through FDH Kukonza Tsogolo promo

September 13, 2022

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* As the 3rd monthly K1 million winner identified for September after two others drawn in July and August * So far 30 lucky winners have received K100,000 each and 150 others have so far won two metres each of FDH Bank-branded cloth * Existing customers encouraged to deposit K100,000 and keep it for a month * New clients were to open an account and also deposit K100,000 for the same period By Duncan Mlanjira FDH Bank Plc is…

Mighty Wanderers FC 2021 Ltd appoints MPs Chilapondwa, Dossi to lead Supporters Trust Ltd; Mvula removed as Board secretary

September 13, 2022

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Chilapondwa and Dossi * Mighty Wanderers Supporters Limited Board will be responsible for the new supporters regime * As Thom Mpinganjira maintains post of president and chairperson of the Board By Duncan Mlanjira In its commercialization process, Mighty Wanderers Football Club 2021 Limited’s Board of Directors has appointed Member of Parliament (MP), Ulemu Jermoth Chilapondwa to lead Mighty Wanderers Supporters Trust Limited — alongside fellow legislator, Susan Dossi as general secretary. A statement from president, Thom Mpinganjira, who has…