Category: Business

* Gold market is currently carried out on a black market * Leading to loss of revenue by government through smuggling and under-pricing on the poor miners * Benefits of this initiative are comprehensive prices, instant payment, secured market * And improved livelihoods for the Artisanal and Small-Scale Miners By Duncan Mlanjira The Reserve Bank of Malawi (RBM) has finally taken cognizance that gold is being mined on a large scale in the country and has now announced that…

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The washed away bridge * Scope of work did not include construction and strengthening of the bridge * Roads Authority asks contractor Zhejiang Communications Group to reinstate the washed away section * This comes amidst the death of three people who died on the night April 21 after their car plunged into a flooded river * They failed to notice that the Kyungu Bridge had been washed away by strong rain water flow By Duncan Mlanjira The People’s Republic…

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NICO Group Managing Director Vizenge Nyirenda at the press briefing  * NICO started off 50 years ago as The National Insurance Company Limited * Incorporated as a composite insurance company in 1970 * Before commencing trading in January 1971 * The first to list on the Malawi Stock Exchange * NICO has played a pivotal role in the development of the capital market By Duncan Mlanjira As Malawi’s leading financial service providers, NICO Group is celebrating its 50th Anniversary,…

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The washed away Kyungu River Bridge * The three were stationed at Songwe Border but on way back from Karonga Boma failed to notice the washed away bridge * Vice-President Saulos Chilima took time to visit the spot in the company of Paramount Chief Kyungu himself * Chilima is in the North inspecting some development projects at the instructions of President Chakwera * I extend my condolences to the families of the three people who died—Chilima By Duncan Mlanjira…

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* New rates immediately available by dialing *301# or using the My Airtel mobile App By Duncan Mlanjira Airtel Malawi Plc has introduced a no-validity data bundle named ‘PaNet NoVa’, for 1GB which will offer Airtel customers more freedom to surf the internet at their leisure. Effective today (April 22) Airtel has also revised the prices and volumes for some daily, weekly, and monthly data bundles and are immediately available by dialing *301# or using the My Airtel mobile App. …

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Campaign initiated by the public * 30% reduction for the entry level 1GB volume bundle * Further reducing the volume bundles up to 4GB between a range of 10% and 31% * Recognition of the important role ICT play in socio-economic development By Duncan Mlanjira Mobile Network Operators are expected to reduce data charges effective on Thursday, April 22 following increased concerns from consumers regarding high internet data prices in the country.   A statement from Malawi Communication Regulatory…

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* The increase in the price of the commodity is due to many factors * CAMA successfully championed for government to remove VAT from cooking oil in 2015 prices to go down * But within six month acts after VAT was removed, prices of the commodity still increased * Manufacturers enjoy tax for industrial materials that exempt them from paying import duty such as crude oil By Duncan Mlanjira Consumer Association of Malawi (CAMA), in collaboration with Malawi Revenue…

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Ellen Johnson Sirleaf * Women are not satisfied with the micro loans that they currently receive * As it has not pushed them to new horizons * We want to see transformative amounts of money in the hands of women, who are trained to manage the money By Lily Kampani, MANA Former President of Liberia, Ellen Johnson Sirleaf, has challenged the Malawi Government to create an economic and social environment that prioritizes women initiatives to grow in wealth, power…

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