Rwanda builds gold refinery at US$5m

By newstimes.co.rw Rwanda has built its first-ever gold refinery at a cost of $5 million to process gold from all over Africa and halt raw minerals from leaving the continent. The plant is located at the Kigali Special Economic Zone in Gasabo District is expected to boost efforts to ensure that Africa adds value to its minerals before exporting them. The new facility has a capacity to refine 6 tonnes of gold a month, or about 220 kilograms a…

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SPARC Systems sponsors Living Open Foundation’s ICT training course

By Duncan Mlanjira Malawi’s information and communications and technology (ICT) company, SPARC Systems Limited, on Wednesday presented a K750,000 sponsorship to Zambia-based Living Open Foundation, which is training Malawian youths in line administration software course. Presenting the cheque, SPARC Systems’ technical engineer, Grace Jonazi said they responded to the appeal for sponsorship in appreciation that the Foundation’s initiative is in line with their objective to empower the youths in ICT innovations. “This training is a great platform for the…

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Malawi Institute of Chartered Accountants invites African great orator Prof. Lumumba again for Executive Retreat conference

By Duncan Mlanjira Institute of Chartered Accountants of Malawi (ICAM) has once again invited Africa’s great orator Prof. Patrick Loch Otieno Lumumba from Kenya, this time for the annual Executive Retreat to be held at Bingu International Convention Centre in Lilongwe on February 22. ICAM Chief Executive Officer Francis Chinjoka Gondwe said Lumumba has already confirmed his availability and as well as the four other speakers lined up — Reserve Bank Governor Dalitso Kabambe, High Court Judge Fiona Mwale,…

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Airtel Malawi to list on Malawi Stock Exchange

  By Duncan Mlanjira Airtel Malawi plc on Wednesday announced its intention to list on the main board of the Malawi Stock Exchange (MSE) as aligned to the Communications Act of 2016, Communications (Telecommunications and Broadcasting Licensing) Regulations of 2016 and its operating license. This will allow Malawians to share in Airtel Malawi’s success story, as said by Airtel Malawi Managing Director Charles Kamoto. “Today marks a significant milestone in the company’s evolution,” Kamoto said. “Since starting operations in…

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Access to credit remains one of the key challenges individuals and small companies face in Malawi

  By Duncan Mlanjira Access to credit, which can be a true lifeline for micro, small, or medium sized businesses, remains one of the key challenges that individuals and small companies face in Malawi. This was said by World Bank Group’s International Finance Corporation’s Resident Representative for Malawi and Zambia, Madalo Minofu at the launch of the 2019 Credit Awareness Week graced by the Governor of the Reserve Bank of Malawi, Dalitso Kabambe, who is also the Registrar of Financial…

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Mpatamanga hydroelectric plant project to have special reservoir

  By Duncan Mlanjira Mpatamanga hydroelectric project, which will be constructed with a US$150m funding from the investment fund of the World Bank Group, IFC InfraVentures and the government of Malawi will differ from the hydro-power plants in Malawi, in that it will have a reservoir dam. According to constructionreviewonline.com, the reservoir shall allow Electricity Generation Company (Egenco) to store water and allow for the expansion of Kapichira hydroelectric plant. And it shall also facilitate the development of a…

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Malawi to hold first-ever beautiful African fashion show

  By Harris Chimatiro, MANA Lilongwe Angeles Modeling Agency will on December 14, 2019 hold the first Beautiful African Fashion Show at Gemini House in Lilongwe, which has been organized to promote Malawian fashion industry. Speaking to Malawi News Agency, the Agency’s executive director, Chris Daka said the objective of the show is also to promote and put local designers and models on the map. “It is also designed to define an inclusive definition of the true cosmopolitan lifestyle…

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Ministry of Labour to effect revision of minimum wage from January 1

  By Duncan Mlanjira The Ministry of Labour has announced that the increase of the minimum wage from K962.00 per day to K1,346.16 per day shall be effected from January 1, 2020. A statement from the Ministry says the revision has been formalized through Government Gazette Notice No. 68 headed ‘Employment ACT (CAP. 55:01) (Amendment) Order 2019. The minimum wage increase was announced in July when Minister of Finance, Joseph Mwanamvekha presented the 2019/20 National Budget in Parliament. There…

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Chinese, Indian nationals indulging in illegal customs clearing business

  By Duncan Mlanjira At this year’s Indigenous Customs Clearing and Forwarding Agents (ICCAFA) AGM held in Mangochi on Saturday, it was revealed that some Chinese and Indians are doing clearing business as a front for their fellow nationals. According to the revelations, these unscrupulous Chinese and Indian nationals approach the registered indigenous agents, claiming they have goods that needs to be cleared with Malawi Revenue Authority (MRA). “But once the agents have completed all the paper work, then…

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Information Minister advises private media houses to promote employees’ welfare

  By Ireen Kayira, MANA Minister of Information, Civic Education Communication Technology, Mark Botomani has urged private media house owners to promote the welfare of its employees. The minister said this on Monday when he visited Zodiak Broadcasting Station (ZBS) offices in Lilongwe where he requested the private media houses to pay good salary for their employees with an aim to promote their welfare. “If reporters are not paid well and in good time you make them susceptible to…

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