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Category: Business

There is indeed need to preserve Mulanje Mountain to maintain its new status of UNESCO World Heritage Site
July 18, 2025
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| Business, National, News, Tourism

* As its bauxite mining by Akaswiri Mineral Resources might undermine its natural value and importance to global biodiversity * The government touts the bauxite mining as among 7 others earmarked to position Malawi to become the largest exporter in the sector * Estimates show that mineral exports between 2026 and 2030 would average US$3 billion per annum under the best case scenario—RBM Deputy Governor Analysis by Duncan Mlanjira The Reserve Bank of Malawi (RBM) Deputy Governor, Kisu Simwaka…

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Mulli Brothers Limited fined heavily by CFTC for denying customer access to scrap metal bought at K36 million
July 17, 2025
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Nkhoma (2nd left) flanked by Commissioners Edward Joshua and Kizito Pheleni and PRO Innocent Helema * Order to refund Haswell Shonga MK2.41 within 30 days and for Mulli Brothers to pay a monetary penalty of 1% of their gross annual turnover to the CFTC * For engaging in unconscionable conduct, contrary to Section 51 (g) of the Competition and Fair Trading Act * Also ordered to submit audited financial statements for the immediate past financial year for assessment of…

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CFTC approves Old Mutual Infrastructure Investment Fund’s acquisition of 25% minority shares in Golomoti JCM Solar Corporation Limited
July 17, 2025
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* Old Mutual Infrastructure Trust Fund was founded in December 2021, as a special purpose vehicle for infrastructure investments * With a focus on public infrastructure mainly student housing, transportation, and renewable energy By Duncan Mlanjira Competition & Fair Trading Commission (CFTC) has approved the acquisition of 25% minority shares from InfraCo Africa Limited in Golomoti JCM Solar Corporation Limited that was applied for on April 25, 2025 by Old Mutual Infrastructure Investment Fund. This has been done having…

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Malawi/Mozambique power interconnection project expected to be commissioned by end of this 2025
July 17, 2025
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* This achievement marks real progress towards interconnection, which will unlock 120 megawatts of import capacity for Malawi but we will start with the 50 megawatts for now * Complimenting this project will be the Zambia/Malawi as well as the Tanzania/Malawi power interconnector projects that we also will be implementing By Duncan Mlanjira Chief Executive Officer (CEO) of Electricity Supply Corporation of Malawi ESCOM Limited, Kamkwamba Kumwenda announced yesterday that the Malawi/Mozambique Power Interconnector project is expected to be…

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‘Public relations is an art of building relationships, managing perceptions and influencing positive change’
July 17, 2025
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PRSM president, Benson Linje * This year’s theme; ‘Shaping Malawi’s Future Through Strategic Communication’ reminds us that strategic communication is not a luxury — it is a necessity * In a world of rapid change, misinformation, and growing public expectations, Malawi needs communicators who are not only skilled but also strategic By Duncan Mlanjira President of Public Relations Society of Malawi (PRSM), Benson Linje contends that public relations is more than media releases and event planning — it is…

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CFTC approves TNM Plc’s e-ticketing system for TNM Super League matches
July 16, 2025
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* On conditions that it should be rolled out alongside physical tickets for a period of six months from the date of the determination * Within one year the system should be opened to other financial/payment service providers to ensure interoperability * The concerned parties should conduct awareness campaigns to educate football clubs, supporters and gate managers on the provision of e-ticketing solution By Duncan Mlanjira After through assessment of the impact of the exclusive dealing arrangement proposed by…

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Questions arise over Zimbabwean Wicknell Chivayo rubbing shoulders with African presidents
July 16, 2025
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* Met Chakwera yesterday and is reported to have unfettered access to power, with his interactions with presidents including his own Emmerson Mnangagwa * He has before met former Malawi President Peter Mutharika, Kenya’s William Ruto, Uganda’s Yoweri Museveni, Tanzania’s Samia Suluhu Hassan and late Edgar Lungu of Zambia By Duncan Mlanjira President Lazarus Chakwera is being advised to be extra wary of Zimbabwean Wicknell Chivayo, whom he has met yesterday, saying there is need to make serious background…

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Malawi cannot continue to address structural challenges of the economy through ‘killing sporadic fires approach’
July 15, 2025
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* I remain committed to ensuring that we together pave and direct the right path for the economic trajectory of Malawi, and our policies must be scrutinised openly * And also support others to be educated on what is happening around us — to achieve a more sustainable economic development path for the country Analysis by Chifipa Mhango, DCG Chief Economist Good day fellow Malawians, today, the 15th of July 2025, I spent my day going through some of…

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Malawi’s economy continues to face significant challenges—World Bank’s Malawi Economic Monitor
July 14, 2025
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* The GDP growth forecast for 2025 has been downgraded to 2.0%, from 4.2% at the end of 2024, due to the impact of a weak agricultural season * Continued foreign exchange shortages is impeding the importation of production inputs — along with the suspension of some bilateral foreign assistance * The premature end of the International Monetary Fund (IMF) programme may also impact budget support and other external financing * Urgent reforms needed in three areas of restoring…

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‘The silence of CSOs from protecting public interest and holding leaders accountable is not neutrality but complicity’—economic analyst Dr. Kadyampakeni
July 14, 2025
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Outgoing EU Ambassador to Malawi, Rune Skinnebach expressed disappointment over low levels of fighting corruption  * President Chakwera’s promise of transformation, accountability and servant leadership has failed on every front * Where is the mobilisation of citizens to demand explanation from the President who was supported by Malawians because of his rhetoric to fight corruption? By Duncan Mlanjira When development partners openly declare that President Lazarus Chakwera’s administration has failed miserably in the fight against corruption, the statement was…

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