Malawi seems to still be obsessed with ‘big’ energy projects ignoring other equally viable alternatives

By Duncan Mlanjira In his analysis of President Lazarus Chakwera’s first State of Nation Address (SONA) made in Parliament on Friday, social commentator, Edgar Kapiza Bayani said he summarily sees the SONA as having missed the opportunity to postulate a candid vision to accelerate access to clean electricity for Malawians — based on the Tonse promises. As a community energy sector player, Bayani says in general the country’s leadership seems still obsessed with “big” energy projects, ignoring other equally…

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FDH announces retirement of Thom Mpinganjira as group chief executive officer; Replaced by his son William

By Duncan Mlanjira The Board of Directors of FDH Financial Holdings Limited has announced the retirement of its founder, Thomson Frank Mpinganjira as group chief executive officer with effect from 1st September, 2020 and has been replaced by his son, William. The influential businessman and banker is answering charges of corruption. He was arrested by the Anti-Corruption Bureau (ACB) in January and was charged with three counts when he allegedly tried to bribe Constitutional Court Judges with an offer…

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HRDC pens ACB over corrupt practices in awarding road contracts

By Duncan Mlanjira The Human Rights Defenders Coalition (HRDC), has written the Anti Corruption Bureau (ACB) detailing some allegations that the Roads Authority made some payments out of Treasury on the pretext that the money would be advance payment for construction of 10 road projects mainly in the Southern Region. The letter, dated 3rd September, 2020 addressed to ACB Director General Reyneck Matemba, alleges that during the campaign period for the fresh presidential election. HRDC alleges that the total…

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NICO Holdings posts K21bln profit before tax for 2019: 2020 half-year profit after tax is at K7.64 bln

By Duncan Mlanjira NICO Holdings Plc has posted K21 billion as profit before tax for the year ended 31st December, 2019 — up from K16 billion made in 2018 and representing a growth rate of 34% growth year on year. And from the results, the company’s board of directors has declared K469 million as dividend for its shareholders at 45 tambala per share. This was disclosed during the company’s annual general meeting (AGM) held virtually on Friday in line…

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Maravi Asian Development Association also denounces Assets Authority’s regulations

By Duncan Mlanjira Maravi Asian Development Association (MADA), that represents minority businesses in Malawi, have also denounced the draft Public Procurement and Disposal of Public Assets (Administration of Preferential Treatment) Regulations 2020, describing it as unconstitutional. MADA has joined some concerned citizens, who have also written a petition to the PPDA to remove the expression that states that all bids submitted for national competitive bidding must give preference to 60% Indigenous Black Malawians and 40% to others, describing the…

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Concerned citizens ask Public Procurement and Disposal of Assets Authority to remove ‘racist’ expression from circular

By Duncan Mlanjira Concerned citizens have written a petition to the Public Procurement and Disposal of Assets Authority (PPDA) to remove the expression that states that all bids submitted for national competitive bidding must give preference to 60% Indigenous Black Malawians and 40% to others. The concerned citizens, who are of Asian origin, coloureds, whites and people living with albinism, contend that the wording ‘Indigenous Black Malawians’ that is in the circular borders on racism. The petition says: “In…

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Economic growth projected to fall to 1.9% in 2020 from an initial estimated growth rate of 5.5%

By Duncan Mlanjira President Lazarus Chakwera told Parliament on Friday in his first State of Nation Address (SONA) that the country’s economic growth measured by the Gross Domestic Product (GDP), is projected to fall to 1.9 percent in 2020 from an initial estimated growth rate of 5.5 percent for the year compared to the 5.0% growth rate achieved in 2019. He attributed this as due to the impact of political uncertainty and instability, occasioned by the rigged elections of…

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Government embarks on a job creation to honour the one million jobs pledge

By Duncan Mlanjira President Lazarus Chakwera’s Tonse Alliance-led government has embarked on a job creation initiative which was promised for one million jobs in their first year in office promised during the fresh presidential election, Chakwera said to realize this, government has and are treating the creation of a conducive environment for further job creation as an ongoing and multi- sectoral effort. “We are currently consulting with and collecting data from key stakeholders for use in our ongoing assessment…

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MRA transfers two deputy commissioners to ministries

Maravi Express Malawi Revenue Authority (MRA) has announced some management changes that has seen two deputy commissioners being transferred ministries of Trade and Industry respectively. A statement from Commissioner General John Biziwick, indicates that Patrick Kachingwe, who was deputy commissioner Operations in Customs and Excise Division has been second to the Ministry of Trade as MRA’s liaison officer in the ministry. Ellard Maluwa, who was deputy commissioner, Business Support in Customs and Excise Division, has been seconded to the…

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SPARC Systems enhancing homegrown ICT skills training

By Duncan Mlanjira The COVID-19 pandemic has greatly affected business operations in most Malawian companies due to lockdown travel restrictions and the information and communications and technology (ICT) industry was not spared as it relied its skills training from developed world. The situation prompted one of Malawi’s top ICT companies, SPARC Systems Limited to innovate its training programmes by conducting virtual online skills trainings to encourage the business world to opt for  homegrown skills training life after COVID-19. SPARC…

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