Malawi Builders Network forms housing investment cooperative company

By Duncan Mlanjira A new cooperative organization that was formed by Malawians living in the diaspora by a group of professionals, entrepreneurs and those interested in building and infrastructure development and general development of Malawi, has hit the ground running in just a year since it got registered. Named the Housing Investment and Development Cooperative Society Ltd (HIDCO), it currently has a total assets portfolio of almost K20 million, most of it collected in the last six months, as…

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TNM CEO inspires youths to go for digital financial services

By Duncan Mlanjira Malawi has enormous potential to grow its digital economy as more people are shifting their habits towards Internet and consumption of digital financial service, TNM Chief Executive Officer Michiel Buitelaar told students of Catholic University where he delivered a public lecture. Entitled ‘Marketing = Science’, the lecture outlined the fundamentals of digital marketing in the context of Malawi’s economic environment. “While Internet usage in this country is still relatively low, most Malawians are not different as…

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Multiple airlines in South Africa forced to ground aircraft

  By simplerlying.com  Regulators in South Africa have forced some carriers in the region to ground parts of their fleet. The move has come after an audit conducted by maintenance firm South African Airways Technical. Two of the carriers that have been impacted by the order are South African Airways (SAA) and Comair. Flight Global reports air that the regulators took action on the firms after irregular findings. In response, South African Airways has been preparing to operate an…

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Former MUSCCO CEO late Kadzola described as national treasure

By Duncan Mlanjira Savings & Credit Cooperatives (SACCO) movement is now a thriving financial service provider and is making huge positive contributions to ordinary people’s economic lives and all this have been attributed to former chief executive officer for Malawi Union of Savings & Credit Cooperatives (MUSCCO), late Sylvester Kadzola. He passed away last Friday October 18 after a long illness and buried on Sunday October 20 at his home village in Mponela, Dowa District. He has been described…

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Truck drivers threaten to close access road to Lilongwe at Mkhumbe

By Duncan Mlanjira A social media traffic update is alerting motorists that the M1 Road to Lilongwe might be closed on Wednesday to all traffic at GDC offices at Nkhumbe where truck drivers have parked their trucks on both sides of the road as a strike demanding pay rise. At this spot the drivers are forcing every passing truck to join in the striker and rumors and the reports on social media claim that even buses and minibuses will…

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Young Women Entrepreneurs urged to be competent in order to be counted as worthy

By Duncan Mlanjira Young Women Entrepreneurs were urged not to be in the shadows but come out in the light and be counted as worthy to do business with. “You can only be counted as worthy if you are competent and humble,” said experienced entrepreneur Doreen Chanje at a brunch at Ryalls Hotel in Blantyre which Malawi’s giant financial service provider, NICO Group hosted on Friday for the Young Women Entrepreneurs which provided a platform for the women to…

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West African countries choose new single trade currency

By Aisha Salaudeen, CNN As part of its plans to make Africa a more integrated continent, leaders of the Economic Community of West African States (ECOWAS) have adopted the name ‘ECO’ for a planned single to be used in the region. The 15 member group announced at the end of an ECOWAS summit in Abuja, Nigeria’s capital recently. Six member countries, including Nigeria, Liberia and Ghana, could be swapping their currencies for the new one – the ECO. Eight…

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Khusa mobile money App sets up WhatsApp financial service for rural village bank groups

  By Duncan Mlanjira In order to better serve rural village bank groups, Malawian technology startup company, Angle Dimension, has set up a digital platform that allows those that registered their village bank groups to view their account details and transactions at the comfort of their chat platform.  Angle Dimension, which was established in 2016 as a technology company, focuses on building payment solutions that cater for the financial inclusion through Khusa mobile money application. The company’s Chief Executive…

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NICO Asset Managers in Private Wealth Management awareness campaign

By Duncan Mlanjira NICO Asset Managers is on an awareness drive on how people can prudently invest their money in order to receive meaningful returns in order for them to meet the life goals and dreams that matter for their future. Dubbed Private Wealth Management, the campaign was unveiled on Monday at a press briefing at their offices at Chibisa House in Blantyre by Chief Investment Officer, Daniel Dunga. “We believe that every dream is possible, no matter how…

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Man convicted for 2 years for illegal electricity connections; or pay K2.2 million fine

Lumbadzi First Grade Magistrate Court has convicted and convicted a 38-year-old Davie Kade to pay a fine of K2.2 million or in default to serve a sentence of 24 months imprisonment with hard labour after finding him guilty of illegal ESCOM electricity connections.  Kade, who hails from Mtimaukanena Village, T/A Mkukula in Dowa District, was arrested in November 2018 after he had illegally connected ESCOM power supply without a meter to a total of 27 houses at Lumbadzi Trading…

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