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Category: Business

Standard Bank de-commissions Unayo to to concentrate on improving existing digital payments solutions
October 27, 2025
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* Effective October 31, 2025 as part of a strategic decision to concentrate on improving existing digital payments solutions * Between June 2025 to October, the bank has been undertaking a seamless transition and transfer of its customers from Unayo to other payments channels — available under the 247 Digital Banking ecosystem * The immediate priority is to ensure a seamless transition for all affected clients, merchants, and partners By Duncan Mlanjira In its drive to deepen its digital…

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Economic analyst Thomas Ngoma still insists on government to opt for Currency Board Arrangement as opposed to IMF’s ECF
October 27, 2025
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* CBA offers a credible, rule-based alternative for macroeconomic stability and industrial transformation that incorporates ISIC codes * Extended credit facility (ECF) programmes rely on conditionality and reform promises, but enforcement is weak and without domestic institutional discipline * Malawi has struggled to restructure external debt, a key ECF condition, leaving the country exposed to rollover risks and high interest burdens By Duncan Mlanjira Economic analyst. Thomas Ngoma still maintains that Malawi should try to opt for Currency Board…

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Fintech company ChanguPay and Thanthwe Farms lead Standard Bank SME awards
October 26, 2025
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Chief Executive Phillip Madinga and Principal Secretary Wiskes Nkombezi pose with the Best SME winners, ChanguPay * The MSME sector, which accounts for 47% of the country’s GDP, has the potential to reverse years of foreign currency shortages in Malawi * Its export value is estimated at US$2 billion annually if each of the country’s 1.6 million MSMEs exported a minimum of US$100 worth of goods monthly By Duncan Mlanjira A fintech company, ChanguPay and agriculture manufacturing firm, Thanthwe…

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Britain has new High Commissioner to Malawi
October 26, 2025
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Leigh Stubblefield, the new British High Commissioner to Malawi * Her previous international postings have included Malawi, Mozambique and Bangladesh giving her deep regional insight and a strong foundation for her new role * “I am honoured to return to Malawi — a country I hold dear — and to serve at a time of renewal and opportunity” By Duncan Mlanjira The British Government has appointed Leigh Stubblefield as the new British High Commissioner to the Republic of Malawi…

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Public Relations Society’s annual conference to be celebrated under theme; ‘Building the Malawi we want by 2063: Leveraging Strategic Effective Communication as a Change Catalyst’
October 24, 2025
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* The theme underscores the vital role of communication in driving institutional transformation and national development * This year’s conference is more than a professional gathering — it represents a movement * It provides an an opportunity to reflect on how communication influences change, enhances strategic capacity, and shapes the future of our profession By Duncan Mlanjira The 2025 conference for Public Relations Society Malawi (PRSM) is sent for Mzuzu and Nkhata Bay from October 30-November 2 under theme;…

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Mwanamveka confident that there will be no devaluation having secured substantial international support in Washington D.C.
October 24, 2025
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Mwanamveka (left) along with the Reserve Bank of Malawi Governor * The World Bank has provided US$45 million for emergency food assistance targeting four million Malawians * The African Development Bank has also pledged additional support with the IMF expected to visit Malawi in the first week of November to assist in efforts to stabilise the economy * The Chinese government has forgiven Malawi’s US$20 million debt and granted an additional US$3 million to support the country * While…

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Foreign Affairs Minister George Chaponda on a spree of meetings with heads of diplomatic missions
October 24, 2025
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Egypt Ambassador to Malawi Rasha Ambassador Hamdy * Egypt presented comprehensive proposals for collaboration in mining, agriculture, energy, health, and education — including technical support for mineral exploration * India High Commissioner, Amararam Gujar’s discussions focused on strengthening collaboration in same key sectors including industrialisation * Cuba expressed commitment to revive the Joint Permanent Commission of Cooperation (JPCC), which has been instrumental in advancing bilateral collaboration since its establishment in 1999 By Duncan Mlanjira Minister of Foreign Affairs, George…

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Immigration Department to verify the Service Passport after noting its abuse between 2020-2025
October 24, 2025
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* Only bona fide members of the Civil Service are in possession of Service Passports in line with the Civil Service Regulations * Only civil servants between Grades A and H are eligible to hold and use a Service Passport, and only for official government travel * As President Arthur Peter Mutharika’s administration is on an exercise to sanitise government Ministries, Departments and Agencies (MDAs) By Duncan Mlanjira The government has noted an abuse in the issuance of Service…

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EGENCO’s Salima Solar Power Plant construction project on course in the diversification of sources of energy generation
October 23, 2025
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* It is in phases of 10 megawatts (MW) for 1st phase; 10MW for 2nd phase and 30MW for the 3rd, making a total of 50MW * It also has battery energy storage system for storing excess energy — allowing consistent and reliable power supply even when sunlight is not available By Duncan Mlanjira The Salima Solar Power Plant at Nanjoka, which Chint Electric Co. Ltd started constructing in July 2024 for Energy Generation Company (EGENCO), is on course…

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Airtel Africa pushes for collaboration in building Africa’s digital future
October 22, 2025
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Airtel Africa CEO Sunil Taldar * The continent that once leap-frogged into mobile telephony is now ready to leap again — into an era where every byte of data fuels productivity and every connection builds prosperity * Africa is ready for its next leap from access to productivity and this requires partnership between operators who co-build, technology manufactures who equip, regulators who enable, investors who believe, tax regimes which support and young Africans who create * Together we can…

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