First Capital Bank hyping up Blantyre derby with helicopter flying around the city

* Mozambican sides Uniao Desportiva de Songo and Clube Ferroviário de Nampula kick start match day 2 from 12h00 * While the Blantyre derby is at 15h00 — to be live on MBC TV and Mpira TV By Duncan Mlanjira First Capital Bank’s landmark sponsorship with Nyasa Big Bullets has come with more glamorous launch of it ahead of the People’s Team’s Blantyre derby against Mighty Wanderer in the 2023 pre-season international bonanza at Kamuzu Stadium. The route is…

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50MW of power from Kapichira to be restored to national grid by end of March

* Assures Finance Minister Gwengwe when he delivered the 2023/2024 National Budget policy statement in Parliament on Thursday * Initially, President Lazarus Chakwera had directed a deadline of December 2022 for full restoration but it was shifted to this March * Government is taking meaningful steps to improve the reliability, security, efficiency and utilization of electricity in the country By Duncan Mlanjira Restoration of Kapichira Hydro Power Station — which lost all of its 130 megawatts (MW) it contributes…

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Reform on AIP to continue in 2023/2024 fiscal year following challenges faced in previous years—Finance Minister

* The various reforms are to enhance targeting, efficiency and mitigate all risks on the fiscus * K12 billion has been allocated for maize purchases by the National Food Reserve Agency and ADMARC to replenish the strategic grain reserves By Duncan Mlanjira Finance & Economic Affairs, Sosten Gwengwe told Parliament on Thursday during his National Budget policy statement that government will continue to reform the Affordable Input Programme (AIP) in the 2023/2024 fiscal year. He said “Learning from the…

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First Capital Bank unveils lucrative K525m sponsorship deal with Nyasa Big Bullets; Name changes to ‘FCB Nyasa Big Bullets’

* We want to associate with the brand in order to also help the team to be more stronger * And do wonders in the Confederation of African Football (CAF) Champions League By Victor Singano Jnr, Correspondent One of the leading banks in the country, First Capital Bank (FCB) on Wednesday unveiled a 3-year K525 million lucrative sponsorship deal for the Malawi’s football powerhouse, Nyasa Big Bullets — which has since made the club to change its name to…

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NICO Group lays foundation stone for K190m double storey classroom block at Mbayani Primary School

Group MD Kumwenda laying the foundation stone * The magnificent classroom block is expected to have total of four classrooms * Mbayani Primary School has the highest pupil enrollment in Malawi as well as part of Africa * As it has over 10,000 learners who only use 33 classroom blocks — forcing other pupils to be learning under trees By Victor Singano Jnr, Correspondent NICO Group, through its NICO Foundation, has laid a foundation stone for a modern double…

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CDHIB sponsors Malawi Aquatic Union with K2.4m towards national swimming championships

Mangaawuma hands over the sponsorship to Beatrice Makwenda * We trust that our sponsorship will result into further development of swimming in Malawi * Swimming is a sport that has the potential to elevate Malawi on the international scene By Fazilla Tembo, Correspondent CDH Investment Bank (CDHIB) has sponsored the Malawi Aquatic Union (MAU) with K2.4 million towards the hosting of national swimming championship which is being held from Thursday till Saturday, March 2-4 at African Bible College (ABC)…

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Ndirande volunteer environment protection group inculcates tree preservation culture in young school learners

* Donated 650 assorted tree seedlings to Malabada Primary School in Ndirande, Blantyre * As one way of fulfilling it’s project under its campaign theme of ‘Cleaning and Greening’ * Which rolled out by nurturing the tree seedlings at the foot of the mountain By Michael Martin, MANA Ndirande Township’s Community Impact Group — a concerned set of volunteers with the admirable passion of protecting and restoring Ndirande Mountain’s vegetation — on Wednesday reached out to the area’s Malabada…

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Standard Bank upgrades Nchalo service centre

* Nchalo is the home estate of Malawi’s largest sugar grower and manufacturer, Illovo Sugar Malawi Plc * The surrounding Lower Shire Valley is also major source of beef in Malawi * As well as Big 5 tourism attractions at Majete and Lengwe Game Reserves By Duncan Mlanjira Standard Bank Plc has refurbished its Nchalo service centre in Chikwawa to give businesses, SMEs and individual customers of the Lower Shire the same ambience and comfort enjoyed in flagship Standard…

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New CFTC Executive Director Nkhoma certifies that he has inherited a vibrant institution whose track record speaks for itself

* My job now is to build on the strong foundation laid by those who led before me * This year alone, the Commission has received over 332 complaints on unfair trading practices * And recovered about K42 million, which has been refunded to consumers for different violations By Duncan Mlanjira In the four weeks since he filled the post of executive director for Competition & Fair Trade Commission (CFTC), Lloyds Vincent Nkhoma attests that he has inherited “a…

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CAMA likens the 10,000 metric tonnes rotten maize as equivalent to genocide

* Consumers are currently paying one of the highest prices for maize on the market * Which is selling approximately at K35,000 to K40,000 per 50kg bag * These high prices of maize on the market are as a result of manmade scarcities of maize * While Government was holding onto lots of stocks of maize By Duncan Mlanjira Consumers Association of Malawi (CAMA) Executive Director John Kapito says they are shocked to hear that “Government has lost 10,000…

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