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More customers win millions in TNM’s on-going Christmas promotion

February 8, 2024

TNM’s Head of Brand & Marketing, Madalitso Jonazi during the second monthly draw * More than a hundred customers won different prizes in second monthly draw * Which included 35 who went away with K100,000 each and other non-cash prizes * We are happy to see the promotion accomplishing its intended purpose aimed at appreciating our customers By Duncan Mlanjira The promotion which TNM Plc launched to celebrate the 2023 festive season is still ongoing up to February 29,…

Visa removal to boost forex—Standard Bank Chief Executive Madinga

February 8, 2024

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* This will help make Malawi an attractive tourism destination and boost foreign currency flows in the long-term * The restrictions have been lifted for 48 countries including USA, United Kingdom, Germany, France, Australia, China and Russia * Which are considered key source markets for international tourism and business arrivals into Malawi By Duncan Mlanjira Following Malawi Government’s decision to heed calls for removal of Visa restrictions into Malawi, Standard Bank Plc Chief Executive, Phillip Madinga says this will…

MACRA extends operating licence for Airtel Malawi Plc to another 10 years

February 8, 2024

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* We have invested over US$176 million in network infrastructure delivering over 1,100 sites * All with 2G, 3G and 4G services, expanding our coverage to 88.2% of the country and serving 86.7% of the population * We have increased smartphone penetration to 29.1%, enabling more Malawians to access the digital world * We have also rolled out home broadband and fixed data solutions, offering fast and reliable internet connectivity to homes and businesses By Duncan Mlanjira Effective February…

Malawi should encourage a robust economic policy debate as RBM’s policy lending rate may soon surpass highest levels in recent history—Chief Economist Chifipa Mhango

February 6, 2024

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* The hike policy lending rate is a cause of concern for business environment in Malawi * Although the motivation to hike the policy lending rate are valid under the current monetary policy framework * The question should be whether such a policy is effective for the structure composition and patterns of the Malawi economy By Duncan Mlanjira Following the announcement by the Monetary Policy Committee (MPC) of the Reserve Bank of Malawi (RBM) on February 1, 2024 to…

FDH Bank introduces FDH Life Plan funeral cover from as low as K350 a month to offer K300,000

February 6, 2024

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* The product guarantees a cash cover within 48 hours at the times of loss and has three other tiers * Savings Plan at K1,100 for K1 million; Platinum Plan at K2,750 for K2.5 million and Eagle Plan at K5,000 for K5 million * At FDH Bank, our goal remains to provide customers with innovative financial solutions aimed at easing financial pressure By Duncan Mlanjira Through its Bancassurance arrangement and in partnership with Old Mutual Malawi and Vanguard insurance…

Ndirande resident Isaac Kumbuyo wins K1m of Chibuku Shake-Shake promotion

February 6, 2024

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Kumbuyo (in red) plans to use the money to venture into livestock farming * The promotion was a success as it managed to meet its objective of celebrating with their customers during the festive season * It brought a great impact in as far as improvement of sales volumes are concerned By Victor Singano Jnr A 46-year-old Blantyre-based man, Isaac Kumbuyo from Ndirande Township is smiling after winning K1 million in Chibuku Shake-Shake promotion which ran from December 15,…

Vandalism of water infrastructure on the rise in Mzimba

February 6, 2024

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* Unknown people are removing bolts, nuts and metallic clamping strips designed to secure the pipes to concrete pillars * This tendency is uncalled for — people should learn to take care of public infrastructure By Joel Phiri, MANA Vandalism of water infrastructure is on worrisome increase in Mzimba South which poses great danger to sustainable provision of potable water to communities. In the wake of reports that some unknown evil minds of vandals are tampering with water transmission…

Karonga water supply project to install 10,000 free connections

February 5, 2024

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* The project has 10,000 water connection materials and at the moment, there are more than 9,500 applications * Over 189,000 people in Karonga and surrounding areas to benefit for the project, which is expected to be finished by next month By George Mponda, MANA Northern Region Water Board (NRWB), through Karonga Town water supply project, is expected to install 10,000 free connections to enhance accessibility to potable water for its residents and surrounding areas. NRWB Board chairperson, Frank…

Agriculture Minister Kawale assures farmers produce markets will be readily available

February 5, 2024

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* The Ministry has liaised with Pyxus Holdings, Paramount Holdings, Nasfam, ADMARC and National Food Reserve Agency * Pyxus Holdings will be buying a lot of groundnuts; Paramount Holdings to concentrate on soya * NASFAM will be buying maize, beans, groundnuts and chilli which will be value added for export By Monica Tambala, MANA Minister of Agriculture, Sam Kawale has assured farmers of government’s commitment to provide markets for them to sell their farm produce at profitable rates come…

Newly-appointed NICO Life CEO Wise Chigudu challenges to create more business partnerships

February 5, 2024

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* Chigudu has succeeded Eric Chapola — who retired after serving in various positions at NICO Group for a period of 20 years * There has been a lot of positives under my successor because he was very much dedicated to the work By Victor Singano Jnr The newly-appointed Chief Executive Officer (CEO) for NICO Life Insurance, Wise Chigudu says he is committed to fight hard in bringing more partners who can help the company’s business grow as well…