NICO General launches ‘Yafewa’ third party motor vehicle insurance

By Duncan Mlanjira NICO General has launched  ‘Yafewa’ third party insurance as a way of providing an affordable coverage for motor vehicle owners. This product will enable customers to pay K70,900, covering third party motorists in the case of an accident. NICO General Chief Executive Officer, Donbell Mandala said Yafewa’ third party motor vehicle insurance is a convenient and easily accessible product. “At NICO, we understand that the current state of the economy provides a challenge to our customers,”…

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Chiradzulu has potential to boost tourism through John Chilembwe

By Linda Likomwa, MANA Chiradzulu District has the potential to boost the tourism industry by marketing rich historic site, Providence Industrial Mission (PIM), high was founded by John Chilembwe — the first Malawian to fight colonial oppression and fight for Malawi’s freedom in 1915. Chiradzulu District Commissioner, Reinghard Chavula said this when Minister of Local Government and Rural Development, Lingson Belekanyama made a familiarization tour of Chiradzulu Council over the weekend, saying PIM has that potential to attract worldwide…

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Tax fraud amidst COVID-19

Analysis by Donasius Pathera The COVID-19 pandemic has affected the global economy and Africa is currently bleeding profusely. So many companies are registering revenue losses and job losses have now become the order of the day. Some governments have decided to partially own companies that are crucial to their economies. Such partial ownership can be in a form of injecting money into the firms or the hiring of experts to rescue the firms from downfall. However, what African governments…

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Rotary Club of Blantyre engages public to procure face masks for market vendors

By Duncan Mlanjira The Rotary Club of Blantyre recently inducted its new resident, Augustine Banda, who is Multichoice Malawi’s managing director and also swore in a new Board which has identified the COVID-19 pandemic as its main area of focus in the year 2020/2021. The first assignment is to procure over 1,000 face masks to be given to Blantyre Market vendors to protect themselves as well as the multitude of customers that patronise this popular market. The fundraising drive…

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Chambo Fisheries seeks government intervention in its expansion drive

By Elijah Phompho Chambo Fisheries, located at Misesa along the Thyolo Road soon after Limbe which opened its doors in 2011 to breed Chambo tilapia fish, has appealed for government’s assistance in its expansion drive in order to meet the overgrowing demand for Malawi’s most loved fish both on the local and international market. In an interview, Chambo Fisheries’ farm manager, Al Amin said the  demand for fish in the country keeps increasing as stocks in Lake Malawi continue…

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Mining Minister Gaffar visits illegal miners in Machinga

By Robert Nayeja and Patrick Ndawala, MANA Minister of Mining, Rashid Gaffar visited people engaged in illegal gold mining in Busiri River in traditional authorities Liwonde and Nsanama in the district where over 800 people are engaged in gold mining. The visit was to assure the illegal miners that government would guide them to follow proper procedures so that they carry out their mining activities legally and freely. “I have learnt that people here have built houses and paid…

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MyBucks Bank profit grows by 130% in 2019-2020 financial year

By Duncan Mlanjira MyBucks Banking Corporation has recorded a profit after tax of MK1.8 billion in the first six months period ended on 30th June, 2020 compared to MK817 million same period in June, 2019. This represents a 130% growth in profit after tax, according to a published financial statement co-signed by the banks Board chairperson Francis Pelekamoyo; Board Director Morgan Tembo; Managing Director Zandila Shaba and Chief Finance Officer Thomson Kumwenda. The financials say the main driver of…

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NBS Bank wins Euromoney Award for second year running as Malawi’s Best Bank

By Duncan Mlanjira NBS Bank has emerged as Malawi’s Best Bank for the second year running in the Euromoney Awards for Excellence 2020, whose results were unveiled on July 15. Last year, NBS Bank was voted 2019 Best Bank in Malawi by EuroMoney Awards for Excellence and 2019 Bank of the Year Malawi by the Banker Awards. The Bank has been recognised for the great advancements achieved in the 2019 financial year, and generally on its transformation journey which…

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Malawi Red Cross Society distributes cash to Karonga COVID-19 victims

By Andrew Mkonda, MANA Malawi Red Cross Society (MRCS) has distributed over K13 million to communities who have been directly and indirectly affected by Coronavirus pandemic in Ngana and Iponga villages in Karonga District. Karonga’s MRCS district coordinator, Blessings Mlowoka said many people in the district depend on small scale businesses that are currently not running smoothly due to the disease. The cash distribution on Saturday to over 900 beneficiaries included some families whose relations were put on quarantine…

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Government vows to improve transport infrastructure

By Martin Chiwanda, MANA Minister of Transport and Public Infrastructure, Sidik Mia says the current government is geared to improving transport infrastructure which, in turn, will ensure and support the socio-economic growth of the country. Mia made the commitment on Friday when he toured transportation projects in Nsanje District, saying no country like Malawi can develop without having proper or improved transport infrastructure hence the need by the current government to prioritize the same. The minister revealed that the…

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