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Category: Business

Did Kayuni arrest Chizuma to block her from meeting Chakwera on corruption progress report? As Chakwera suspends him as DPP
December 6, 2022
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Did Kayuni act alone? * Ministry of Justice announces unconditional withdraw of charges levelled against Chizuma * Although I welcome the reports that she has been released, I have every intention of seeing that an inquiry into her arrest is conducted * And any wrongdoers who have abused their office in this incident are held accountable By Duncan Mlanjira The arrest of Anti-Corruption Bureau (ACB) Director General, Martha Chizuma is raising many questions as President Lazarus Chakwera declares that…

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All-African Council of Churches questions timing of Chizuma’s arrest
December 6, 2022
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Ambassador for Economic Justice and Accountability, Rev. Baxton Maulidi * As public expresses disbelief that Chakwera wasn’t aware of her arrest * Is he really in charge? I thought he’s the Commander-in-Chief? * If the whole ACB Director can be arrested without the President’s knowledge, it means that president is not in charge of key affairs * Otherwise, he’s probably feigning ignorance. He was testing the waters and has seen the backlash and has decided to withdraw By Duncan…

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Monopolistic business players urged not to misuse their market power
December 6, 2022
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CFTC’s Itimu, IBAM’s Kawera, Maseko from CCC and National Bank’s Kayira during the panel discussion  * 2022 World Competition Day commemorated under the theme: ‘Competition Policy and Misuse of Market Power’ * It should be emphasized that it is not prohibited for enterprises to have market power * However, it becomes the Commission’s concern when an enterprise uses that power to influence the market dynamics to the detriment of other competitors By Duncan Mlanjira Many business enterprises, including small…

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Fiasco over Chizuma release; Justice Minister Mvalo tells Parliament she was released without charge
December 6, 2022
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* I know what is happening. And I know why it is happening now—Chizuma * I have a very good idea of the timing. They should be fighting corruption. Not this By Duncan Mlanjira Minister of Justice Titus Mvalo told Parliament this morning that the Anti-Corruption Bureau Director General, Martha Chizuma, who was arrested around 04:00hrs of this morning, November 6, was later released unconditionally (without charge) but a court bail bond shows she has been charged. She has…

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“Person of great courage in fight against corruption” arrested allegedly over leaked phone audio
December 6, 2022
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* Arrested around 04:00hrs — a very awkward hour in what has been described as if the law enforcers were arresting a highly dangerous criminal * In custody at Namitete Police Station for “safe keeping” having been brought there under heavy police escort * The police station’s precincts are fortified with armed mobile police By Duncan Mlanjira Anti-Corruption Bureau Director General, Martha Chizuma has been arrested allegedly over breach of her Oath of Office when she divulged corruption investigation…

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HRDC cancels planned demos but puts Chakwera’s administration on probation with strict conditions
December 4, 2022
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Chakwera given fresher demands * That the fuel crisis will not re-emerge; * That there shall be transparency in the recruitment of the new NOCMA CEO; * President Chakwera should address the serious allegations made against his SPC * But also, the SPC should step aside to pave way for investigations; * That Government will impose restrictions on non-essential travel for all ministers and civil servants until the country’s economy stabilises By Duncan Mlanjira Human Rights Defenders Coalition (HRDC),…

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Namadingo spices up K300,000 FDH Bank ‘Swipe & Dash’ 60secs shopping experience
December 4, 2022
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* The performing artist wowed shoppers at Chipiku plus Clock Tower supermarket * Taking the role of FDH Bank’s crew to announce format of the competition and names of winners By Victor Singano Jnr, Correspondent Three Blantyre-based residents each received an early Christmas gift of K300,000 shopping experience in the ongoing FDH Bank Swipe & Dash 60 seconds trolley dash promotion. The exciting shopping experience was spiced up by the country’s celebrated music songwriter and star performing artist, Patience…

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Namadingo signs a new 2-year FDH Bank Brand Ambassador contract at K60 million
December 4, 2022
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* The first contract was mainly focusing on the promotion as well as building the company’s brand * Within the period Namadingo managed to bring good response from the customers through different activities * Target for the new contract will be focusing more on the promotion on the digital product * Both the current ones and those that we are planning to introduce very soon By Victor Singano Jnr, Correspondent Celebrated Malawian music songwriter and star performing artist, Patience…

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CFTC to spice up 2022 World Competition Day commemoration through live panel discussion
December 3, 2022
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* Panelists from CFTC, CCC, MCCCI and National Bank of Malawi under the theme ‘Competition Policy andMisuse of Market Power’ * In Malawi, misuse of market power is not only a threat to competition but also a danger to consumer welfare * CFTC has established that some enterprises with market power have been misusing it through a number of conducts By Duncan Mlanjira Malawi’s business community and consumers will commemorate the 2022 World Competition Day (WCD) on Monday, December…

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CDHIB invests K16.9m to Mary’s Meals towards construction of school kitchen and learners’ feeding block
December 1, 2022
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* Mbinda Primary School located at Somba in Blantyre Rural * Mary’s Meals is doing a recommendable work through the school-feeding charity program * For this great work, we decided to partner them specifically to help support Mbinda Primary School * In building a modern kitchen and provide the learners meals for a year By Victor Singano Jnr, Correspondent In continuing its 10th Anniversary celebration activities — under the theme ‘Creating Value’ — CDH Investment Bank (CDHIB) donated K16.9…

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