CAMA demands of Chakwera to identify sustainable multiple sources of generating funds than over-reliance on borrowing or grants

Chakwera addressing the Global Climate Change in Egypt * The Carbon Tax Credits as source of funding is disturbing, humiliating and worrisome * CAMA has on several times appealed to Government to invite and engage key local stakeholders from all sectors of economy * To a national economic recovery conference to discuss and find solutions over the current economic challenges * That suggestion has been rejected and the economy continues facing serious challenges with no sign of recovery By…

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Illovo launches affordable 90 grams packet of sugar at K150 amidst unbearable economic challenges

* While the product is affordable for low income earners, it is also one way of enhancing hygiene * Taking cognizance that the traders pack the sugar into the thin plastics with bare hands By Duncan Mlanjira As the low income earning citizenry are facing tough and unbearable economic challenges, Illovo Sugar Malawi Plc has launched an affordable 90 grams packet of sugar at K150 as a solution for everyone to afford to buy sugar. A 1kg packet of…

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Ministry of Information describes Buluma’s resignation as misleading and should be treated with contempt it deserves

Buluma at the centre of the country’s fuel crisis * Her resignation has circulated on social media platforms following her relief from her responsibilities as acting head of NOCMA * But had not yet been submitted to the office of the President & Cabinet * Her relief from duties is in line with the expectations of the determination of the office of the Ombudsman By Duncan Mlanjira A public notice from the Ministry of Information & Digitalization says Helen…

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Buluma accuses of receiving pressure to surrender NOCMA Chipoka depot to MCP politician’s Asian investor

One of NOCMA’s fuel reserve depots * One big transporter brokerage company was working directly with politicians to take all of NOCMA’s transportation business * And claim billions from Malawi Energy Regulatory Authority (MERA) whilst passing the cost to the consumers * NOCMA has tirelessly worked hard against all odds to sustain fuel supply with very little and no forex at all since January 2022 By Duncan Mlanjira A day before being fired as deputy chief executive officer of…

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Drama over Buluma: Resigns as acting NOCMA CEO, gets fired by her Board the next day

Buluma accuses NOCMA Board chair, Secretary for Energy of flouting energy laws as reason for tendering resignation * Citing the Public Finance Act 2022; Public Procurement & Disposal Act and other legal frameworks * Contract termination was based on the determination made by the Ombudsman that ordered the NOCMA Board to relieve her of duties By Duncan Mlanjira A day after Helen Buluma tendered in her resignation as acting chief executive officer for National Oil Company of Malawi (NOCMA),…

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Public incredulous that RBM failed to detect reg flags that led to collapse of Alliance Capital Limited

* The Registrar of Financial Institutions proved on the requisite standard of proof that the company is insolvent * And not likely to return to solvency within a reasonable time * Private practice lawyer hints that RBM should not regulate other banks and financial institutions * The industry should have an independent regulator to also regulate the Reserve Bank By Duncan Mlanjira Billions of kwachas have been lost which many government institutions, private Limited companies invested into financial service…

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Malcel Plc pledges to deploy 5G in cities, 4G LTE in suburban areas and to roll out 1,300 sites in five years

* The new wholly Malawian-owned new mobile service provider trending on Africa Telecom Review website * We have on board a team of talented experts who have vast experience in the mobile service industry * With mobile penetration at less than 50%, if you take out multisimmers, there is a good prospect for growth in voice * And with data penetration at less than 20%, there is a massive opportunity for data growth By Duncan Mlanjira New mobile service…

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MACRA signs MoU with Pharmacy and Medicines Regulatory Authority to control advertisements of traditional medicines

Now under radar of PMRA and MACRA * Tradition medicines are allied substances that needs to be regulated by law * Media houses warned against airing any advertisement from traders in tradition medicines unless they bring an approval certificate By Sellah Singini, MANA Following the rise in advertisements of tradition medicines on radio and television stations using unsubstantiated health claims, Malawi Communications Regulatory Authority (MACRA) has signed a Memorandum of Understanding (MoU) with Pharmacy and Medicines Regulatory Authority (PMRA)…

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Public warned of illegal petrol mixed with ethanol and paraffin being sold on black market

* Only fuel grade ethanol not ordinary ethanol that should be mixed with petrol * Petrol mixed with ethanol and paraffin extremely damages car engines as it results into serious fuel corrosion * Paraffin has higher flash point temperature than petrol — meaning it generally burns hotter * And can accelerate burning of fuel injectors and valves, as a result you can lose your engine easily By Temwa Malire, MANA Malawi Regulations Authority (MERA) has urged Malawians to use fuel…

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First Malawian TV film series production on track for DSTV and GOtv channels

* Set to be premiered in January 2023 on OneZed on both DStv and GOtv channels By Duncan Mlanjira A specialized film production firm was identified and in conjunction with Malawian filmmakers and producers, it is preparing the country’s first-ever TV series set to be premiered in January 2023 on DStv and GOtv channels. MultiChoice Malawi’s Corporate Affairs Manager, Zena Makunje confirmed this development at a press briefing on Wednesday, saying the local filmmakers and producers have scripted a…

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