Government warns against abuse of Statutory Corporations vehicles as it reassigns SC-prefix registration numbers

Most personal-to-holder motor vehicles were not using such plates * The government has since approved the re-assignment of dormant SC prefix numbers to new parastatals * Each parastatal across the sector now has the special SC numbers for identification * This is to ensure that there is no loss of vehicles through irregular deregistration and theft due to the gaps with the current system By Duncan Mlanjira Government has discovered that management of the Statutory Corporations prefer using private…

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Malawi hosting 7th annual Competition and Economic Regulation Week

* The week will include three professional training programmes, which will run concurrently from tomorrow to Wednesday * Thereafter a conference from September 15-16 to be opened by Minister of Trade & Industry, Mark Katsonga Phiri * The three targeted professional training programmes will cover key concepts in economic regulation, competition economics * As well as law with illustrations on how the theories and principles are applied By Duncan Mlanjira From tomorrow, September 12-16, Malawi’s Competition and Fair Trading…

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Public worries over high level of borrowing; But welcomes Chakwera’s assent to amendment of Corrupt Practices Act

* The President assented 7 Bills on Friday with six being approval for loan authorizations *The government played a smart move by slotting in the 5 loan authorization Bills * Knowing the citizenry will be excited with the word corrupt that would divert their attention By Duncan Mlanjira Malawi citizenry has expressed worry over government’s high level of borrowing after President Lazarus Chakwera assented Bills on Friday, September 9, that were passed in Parliament — with six being approval…

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Ecobank extends unsecured civil servants personal loans up to K15m for both account and non-account holders

* Seeks to avail a quicker and affordable financing option for all government employees across the country * Only needs to fill an application form and present their National ID * With no need for a letter of undertaking or changing one’s pay point By Victor Singano Jnr, Correspondent Ecobank Malawi has extended unsecured personal loans for civil servants account an non-account civil servants up K15 million on a 36-month tenure respectively. The Bank’s country head of consumer banking,…

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Malawi economy in much worse state than before the devaluation of the kwacha—CAMA

* Everything has come to a standstill and now we have no forex, no fuel and limited goods available on the market * The devaluation of kwacha was claimed to be unnecessary evil by the President and his Finance Minister * We were also told that it was meant to realign the kwacha with other major currencies * Unfortunately, the outcome of that decision has been negative and after four months, we have seen continued depreciation of the kwacha…

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Old Mutual Malawi to host second edition of ‘Partnership Conversation Series’

Edith Jiya — Old Mutual’s group chief executive officer * The Series provides a platform that brings together leaders from both the public and private sector as well as other stakeholders * To discuss and share practical and workable solutions on a range of impacting issues around people, economy and the environment By Victor Singano Jnr, Correspondent Old Mutual Malawi Limited is set to host its second edition of the Partnership Conversation Series on Thursday next week, September 15 …

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NICO Pension assures clients of improved service delivery offering

NICO Pension General Manager, Gerald Chima * The innovative platforms will enable customers to interact with NICO Pension administration staff * Without visiting the offices or sending documents physically Victor Singano Jnr, Correspondent In an effort aimed at creating conducive environment and making sure that pensions contributions funds provide adequate returns to the members, NICO Pension Plc says it is geared to improve service delivery by introducing various innovations. NICO Pension General Manager, Gerald Chima made the assurance on…

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Malawi, Eswatini and Zambia launch pilot phase of SADC e-certificate of origin; To simplify customs procedures and trade

Biziwick declaring the system officially launched * It is part of consolidating the SADC free trade area which is a building block to a continental free trade area * The manual system was prone to fraudulent declaration of goods in which importers and exporters connived to provide fake certificates of origin By Glory Msowoya, MANA In order to simplify customs procedures and facilitate smooth trade amongst Southern African Development Community (SADC) member states, Malawi, Eswatini and Zambia have launched…

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CAMA implores on public to actively contribute towards ESCOM’s proposal to MERA to increase power tariff

* Consumers are encouraged to make their contributions through email: mpatamaindota@gmail.com * Or on WhatsApp number: +265 884 552 701 * Let us all make our comments both for or against this increase objectively By Duncan Mlanjira Consumer Association of Malawi (CAMA) says that as Malawi Energy Regulatory Authority (MERA) reviews the application by Electricity Supply Corporation of Malawi (ESCOM) increase base power tariff for the next 4 years, the public should actively contribute towards its consultation process. In…

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Private sector growth and investment crucial for MW2063’s key enablers to be achieved—Chakwera

Chakwera during the panel discussion at the Summit  * The first is Agricultural Productivity and Commercialization, by which our goal is to achieve food security for Malawians * And establish mega farms that produce commercial crops on a mass scale for export to international markets * The second pillar is Industrialization, by which our goal is to invest in agro-processing plants that create jobs and add value to what we produce to boost trade By Duncan Mlanjira At the…

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