Malawi’s inflation rate, a 12-month review: As oil shocks keep monetary policy tight

* The recent decline in headline inflation is encouraging, but it remains fragile and exposed to external shocks * Oil price volatility has underscored the structural challenges facing the economy, reinforcing the need for cautious and disciplined monetary policy * For now, the Reserve Bank of Malawi (RBM) is expected to stay the course, prioritising stability over speed in its policy response By Chifi Mhango, Chief Economist-Don Consultancy Group Malawi’s headline inflation is showing a clear, albeit gradual, easing…

Read More

Posted in Business, National, News Comments Off on Malawi’s inflation rate, a 12-month review: As oil shocks keep monetary policy tight
New CEO continues to sanitise ESCOM as he suspends finance chief over K8 billion tyres deal

* The quantity of the tyres purchased exceeded operational needs with some are expected to expire before being used * Whose contract to supply was awarded to Mapeto Tyres as a single supplier, contrary to policy at the time, which required that multiple suppliers should benefit By Duncan Mlanjira Newly-appointed Electricity Supply Corporation of Malawi (ESCOM) Chief Executive Officer (CEO), William Kaipa, who was appointed by the Board of Directors to-lead-transformation-at-the-company-and-not-to-manage-continuity/, continues to sanitise the corporation as he has…

Read More

Posted in Business, News Comments Off on New CEO continues to sanitise ESCOM as he suspends finance chief over K8 billion tyres deal
MDF Chief General Jaffu in leading role towards refurbishment of century-old Zomba Gymkhana Club

* Hosts General Jaffu golf tournament aimed to raise K50 million for the renovation of the historic golf course to meet high standards * Established in 1923, Zomba Gymkhana Club is the Old Capital historic monument that has stood the test of time, whose upgrade is long overdue By Duncan Mlanjira Malawi Defence Force (MDF) Chief, General George Alexander Jaffu Jnr. is taking the leading towards refurbishment of the century-old Zomba Gymkhana Club and its golf course by hosting…

Read More

When the Guardians of Justice become the thieves

*  Why Malawi must read South Africa’s Madlanga Commission as a warning, not a drama Opinion by Nkhuzana Kamoto, African Politics In Pretoria, a retired Constitutional Court justice sits in a quiet hall as a nation watches its criminal justice system unravel in public. Day after day, the Madlanga Commission of Inquiry has dragged into the light what most South Africans long suspected — that the rot in their police, their prosecution service, and even tendrils of their judiciary…

Read More

World Bank consolidates its Rapid Response financing support with President Mutharika

* The World Bank believes the Rapid Response financing options will help stabilise the economy and place it firmly on the path toward full recovery * As the President reaffirmed his administration’s commitment to strengthening strategic partnerships aimed at rebuilding Malawi’s economy Malawi News Agency & Maravi Express World Bank’s Regional Programme Director for Africa, Dr. Nathan Belete, and the incoming Country Director for Malawi, Zambia, Zimbabwe and Tanzania, Dr. Firas Raad, held an audience with President Arthur Peter…

Read More

Posted in Business, National, News Comments Off on World Bank consolidates its Rapid Response financing support with President Mutharika
NBM invokes customer confidentiality obligations not to disclose sensitive financial information during Parliamentary inquiry session on Amaryllis Hotel purchase saga

* The proceedings were subsequently suspended to allow Public Accounts Committee (PAC) to consult relevant authorities on how the National Bank can provide the information, which PAC considers critical to its inquiry * As RBM Governor revokes licences of the Board of Public Service Pension Trust Fund pension trustees in his capacity as Registrar of Financial Institutions By Duncan Mlanjira, Maravi Express & Frank Humphreys, Malawi News Agency (MANA) When National Bank of Malawi (NBM) appeared before the Public…

Read More

Posted in Business, Law Enforcement, News Comments Off on NBM invokes customer confidentiality obligations not to disclose sensitive financial information during Parliamentary inquiry session on Amaryllis Hotel purchase saga
CFTC undertaking a market enquiry on proposed exclusive dealing arrangement and resale price maintenance between SEEDCO Malawi and its distributors

* Exclusive dealing arrangement is a vertical agreement where a supplier restricts a buyer to only purchase their products, or a buyer restricts a supplier to only sell to them — thus prohibiting dealings with other competitors * Resale price maintenance is a vertical business practice where manufacturers or suppliers dictate the price at which retailers must sell their products— thus restricting competition amongst retailers By Duncan Mlanjira The Competition & Fair Trading Commission (CFTC) is informing the business…

Read More

Posted in Business, Law Enforcement, News Comments Off on CFTC undertaking a market enquiry on proposed exclusive dealing arrangement and resale price maintenance between SEEDCO Malawi and its distributors
ESCOM ready to disconnect government MDAs and parastatals in mass electricity disconnection exercise from Monday April 4

* The intensive national electricity disconnection campaign for all post-paid customers in Southern and Central regions is a critical component of ESCOM’s revenue mobilisation, aimed at recovering an estimated K16 billion in accumulated arrears * These funds are essential for sustaining our operations and ensuring the continued delivery of reliable power supply across the country By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM), under newly-appointed Chief Executive Officer (CEO), Eng. William Kaipa, will carry out a mass electricity…

Read More

Posted in Business, National, News Comments Off on ESCOM ready to disconnect government MDAs and parastatals in mass electricity disconnection exercise from Monday April 4
Malawi Pakistan Community pledges to help Lilongwe City Council address its critical shortage of functional fire engines

The Pakistan Community after meeting with Local Government Minister Ben Phiri and Lilongwe City Mayor Peter Banda * If the City is struggling with fire engines, we are ready to support and get them back on the road * We have worked with the City before to maintain roads and service Council vehicles. Lilongwe is our home too—chairperson Rauf Chadary By Duncan Mlanjira Following public outcry after Lilongwe City Council failed to respond to house fires in Area 43…

Read More

Posted in Business, National, News Comments Off on Malawi Pakistan Community pledges to help Lilongwe City Council address its critical shortage of functional fire engines
Notable undertakings by Presscane Ltd demonstrate its commitment to meeting the requirements laid out in the Stop Order issued by MEPA

* The company would be allowed to resume activities but with stricter conditions this time around to avoid a relapse * Nonetheless, presently certain activities for addressing the environmental management concerns are being carried out on the site and should not be mistaken for the company’s work resuming By Duncan Mlanjira Malawi Environmental Protection Authority says some notable undertakings by Presscane Ltd, demonstrate the ethanol manufacturing company’s commitment to meeting the requirements laid out in the operational Stop Order…

Read More

Posted in Business, Health, Law Enforcement, National, News Comments Off on Notable undertakings by Presscane Ltd demonstrate its commitment to meeting the requirements laid out in the Stop Order issued by MEPA