Duncan Mlanjira – Page 447 – Maravi Express – Your Kind of News. Clear and accurate.

FDH Bank Cup sponsor supports 16 regional teams with K700,000 each and match kits ahead of the Round of 32

June 15, 2023

* The funds are to help the teams to perform at their top level * Not to be intimidated by the names of the Super League By Duncan Mlanjira In order for the teams to competitively participate in the FDH Bank Cup Round of 32 against the top flight TNM Super League sides, the 16 teams that identified from the regional qualifiers have been motivated with K700,000 as a starter pack as well as match kits. At the presentation…

RBM’s annual loss of K187.5bln should not be ignored as it has dire consequences on the Malawi economy—Chief Economist Chifipa Mhango

June 15, 2023

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| Business, National, News

* In any developed economy, with a strong financial system, a reporting of RBM making losses would cause markets trembling * For the very nature that a Central Bank — in a normal nature — makes profits than losses * Because it is essentially a monopolistic business supplying an essential commodity which is the currency * Hence its losses cannot be ignored By Duncan Mlanjira South Africa-based Malawian, Chifipa Mhango, who is Don Consultancy Group (DCG) Chief Economist, says…

MERA reviewing ESCOM’s application to approve a 69.7% tariff increase

June 14, 2023

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| Business, National, News

* For the period 2023-2027 as a successor base tariff to the one that was implemented from 2018-2022 * The new application is a significant reduction from the 99.9% that ESCOM and Power Market Limited (PML) jointly asked before PML was dissolved Maravi Express Malawi Energy Regulatory Authority (MERA) says it is reviewing the application that Electricity Supply Corporation of Malawi (ESCOM) has submitted in which it is asking to consider and approve a 69.7% tariff increase for the…

CDHIB hands over Mary’s Meals school kitchen constructed for Mbinda Primary at K13.8m

June 14, 2023

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| Education, News

* Also sponsored K3.1 million towards the schools feeding program — making a total investment of K16.9 million * Mary’s Meals helped us appreciate the work the project is doing in managing the largest school feeding program in Malawi By Duncan Mlanjira CDH Investment Bank (CDHIB) has honoured the pledge it made to construct a modern and decent school kitchen to be used for Mary’s Meals school feeding program at Mbinda Junior Primary School in Blantyre. The kitchen, constructed…

Thandizo Nottingham Association donates relief items to homeless Chiradzulu survivors of Cyclone Freddy-induced floods

June 13, 2023

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| National, News

Ndisale presents to the beneficiaries and joins them in celebration * Each bucket contained sugar, salt, bathing and washing soaps, plates, cups, spoons and sanitary pads for the women * This thandizo (support) is very little but we wanted you to know that deep down our hearts we were with you in prayers * And we felt your trauma through the images we saw of the damage caused by Cyclone Freddy floods By Duncan Mlanjira Through the District Commissioner’s…

Zomba Athletics Academy matron to participate in Standard Bank Be More Race and Blantyre 42.195km as fundraiser for Paralympic affected by Cyclone Freddy

June 13, 2023

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| News, Sports

Eneless Makumba preparing for the two races * 18-year-old Mphatso Saukile is very successful Blind T12 Malawian international athlete * His home, along with two other Zomba Athletic Academy athletes was destroyed but no other help has been provided By Duncan Mlanjira Zomba Athletics Academy deputy matron, Eneless Makumba, who is also wife to the club’s founder and coach, Benedicto Makumba will participate in Standard Bank Be More Race and Blantyre 42.195km marathon to fundraise for Paralympic, Mphatso Saukile…

Constructive approach in five areas of concern on the fertilizer procurement deal with Romanian company

June 13, 2023

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| Agriculture, Business, National, News

By Chifipa Mhango, Don Consultancy Group Chief Economist JOHANNESBURG, 13th June, 2023–The Minister of Agriculture of Malawi, Hon. Sam Kawale’s explanation on the fertilizer procurement deal with a Romanian company has left us saddened, as it also reflects governance challenges on the part of Malawi Government. I would like to remind my fellow countrymen the following: “The destiny of any country in a democratic depensation cannot be left in our man nor woman alone; nor a grouping of…

NICO Group posts K37.5 billion profit performance in 2022

June 13, 2023

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| Business, News

NICO Group Managing Director, Vizenge Kumwenda briefing the stakeholders * The 2022 financial status has been positive and impressive because of the massive support and unity between the Group and its clients * Who always provide constructive feedback that helps to drive them to a right direction * In terms of how they can improve their services and NICO promises to work towards meeting stakeholders’ expectations By Victor Singano Jnr NICO Group has disclosed that it has realized a…

Forum for National Development petitions RBM to investigate banks involved in 338 ATM cards confiscated at KIA

June 12, 2023

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| Business, Law Enforcement, National, News

* Among the cards confiscated belonged to leading banks in the country and we call upon you to probe these banks * Banks are supposed to conduct a Know-Your-Customer (KYC) on opening bank accounts and issuing ATM cards * It is a serious lapse and offence by these banks that only five individuals will have these number of cards By Duncan Mlanjira The Governor of the Reserve Bank of Malawi (RBM), who is the financial services regulator in the…

Muluzi’s Nigerian business partner Dozy Mmobuosi touted to fund construction of houses for Cyclone Freddy survivors is involved in fraud allegations

June 12, 2023

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| Business, International, National, News

* Hindenburg Research accused Mmobuosi’s fintech company, Tingo Group of being an “exceptionally obvious scam with completely fabricated financials” * Nigerian Communications Commission (NCC), which revealed that it has no record of Tingo being a mobile licensee at all, despite company claims of having 12 million mobile customers By Duncan Mlanjira Nigerian businessman, Dozy Mmobuosi — who was unveiled by former President Bakili Muluzi as the donor for the housing project in Phalombe to benefit Tropical Cyclone Freddy surviving…