Football legend Kennedy Malunga coming to inspire Malawians on wealth creation through CROWD1

By Duncan Mlanjira South Africa-based football legend Kennedy Malunga is bringing international financial experts to Malawi end of February to host a number of seminars on life changing business opportunity through an online network business, CROWD1 Marketing. CROWD1, which now has over 1.6 million members and boasts of millions of Euros in investment, offers shares that one can purchase and earn shares according to their package and levels. Malunga is bringing in two experts, Peter Chawanda and Derrick Robert…

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Malawi Road Traffic Directorate asks commuter minibus owners to submit personal records of their drivers

  By Duncan Mlanjira  In a serious effort to curb the rampant malpractices by commuter minibus drivers and their conductors in which they force passengers to exceed seating capacity, Road Traffic Directorate has asked owners of the vehicles to submit personal records of their drivers to the Directorate. The minibus owners have been asked to also include the registration numbers of the vehicles their drivers are using as well their driver’s licenses so that the Directorate can compile a…

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Influx of Toyota Sienta taxis on Malawi roads worries commuter minibus owners

  By Duncan Mlanjira Most commuters are preferring taxi services of Toyota Sienta vehicles that are plying on the roads because they are not being forced to exceed seating capacity but Minibus Owners Association of Malawi have complained that the taxis are being used like minibus. This is contrary to the taxi service operating licences that the owners apply for at the Road Traffic Directorate (RTD). The minibus owners say the taxis are allowed to park and wait for…

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Malawians ask Malawi Posts Corporation to employ competent drivers for its coaches

  By Duncan Mlanjira Malawians have asked Malawi Posts Corporation (MPC) to employ competent drivers for its fleet of coaches, that have been involved in seriously road accidents due to what is linked to over speeding. The first around Nkhamenya in Kasungu District late last year High claimed the life of Hosea Mologera — an Immigration Officer from Mzuzu and after the second accident that took place at Phalula, MPC temporary  suspended its service inorder to implement safety standards….

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Airtel’s Malawi Stock Exchange’s Initial Public Offer ends today

  By Duncan Mlanjira Airtel Malawi plc’s Initial Public Offer (IPO) which it opened on December 27 to the public to buy shares at a price of MK12.69 per share as it processed on listing on the main board of the Malawi Stock Exchange (MSE), ends today, Friday January 31. Airtel released its Pre-Listing Statement on December 24 in compliance with the Malawi Stock Exchange’s Listings Requirements, providing further details about the listing on the stock exchange.  The listing…

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Reserve Bank of Malawi maintains policy interest rate at 13.5%; inflation average 9.4% in 2019

By Duncan Mlanjira The Monetary Policy Committee of the Reserve Bank of Malawi (RBM), has decided to maintain the policy interest rate at 13.5 percent it registered in 2019 while the Lombardi Rate is at 0.4 percentage points above the policy rate. RBM Governor Dr. Dalitso Kabambe announced this at a press conference held at their offices in Blantyre on Thursday where he also said annual headline inflation for 2019 averaged 9.4 percent, marginally higher higher that the 9.2…

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Marsh insurance brokers, NICO General launch policy tailor made for NGOs and SMEs

    By Duncan Mlanjira Leading insurance broker, Marsh Malawi, in partnership with leading general insurance company in Malawi, NICO General has launched a policy tailor made for non-government organizations (NGOs) and small & medium entrepreneurs (SMEs), named Umbrella Premier Policy. Umbrella Premier is a combination of a number of insurance policies to form one unique product which covers all the risks faced by NGOs and SMEs. It shall cover for various assets and liabilities ranging from motor vehicles,…

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Malawi amongst African countries to benefit from the UK-Africa Investment

  By Duncan Mlanjira In a communique from the UK-Africa Investment Summit, Malawi has been mentioned to be amongst African countries to benefit from the support of the UK Government. Malawi President Arthur Peter Mutharika attended the Africa Investment Summit, which was opened by UK Prime Minister, Boris Johnson on January 20. The communique said Summit agreed new lasting partnerships between the UK and African countries to deliver more investment, jobs and growth.  It said the Summit demonstrated that…

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South African Airways puts Airbus A340 fleet up for sale

  By Joanna Bailey, simpleflying.com Cash strapped South African Airways has launched a new fundraising initiative and in a bold move, the airline is looking to sell off a number of its A340 aircraft as well as spare engines and auxiliary power units (APUs) for those planes. What’s happened?: South African Airways has been in some financial difficulties for some time. Now, it seems the airline is looking for creative ways to dig itself out of its debt laden pit,…

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MRA urges employers to register domestic workers by Feb. 17

By Duncan Mlanjira Malawi Revenue Authority (MRA) is urging employers who are paying domestic workers in excess of K45,000 register them at MRA as required by the Taxation Act by February 17, 2020.  According to reports, once they register their employees, all employers whether corporates and entrepreneurs will be given a Taxpayer Identification Number (TPIN). This is the number that creates an account with MRA into which all remittances are reflected and that all correspondents with MRA is done…

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