Business – Page 71 – Maravi Express – Your Kind of News. Clear and accurate.

Relocated people from flood-prone area in Nsanjes appeal for an irrigation scheme

January 11, 2025

Group Village Head (GVH) Kalonga * We have farmland at Makhanga but it is in water due to rising levels of water in Shire River—GVH Kalonga * Once the scheme is constructed, families will be able to grow crops more than once a year, contributing to food security at household level By Robert Nayeja, MANA People who were relocated from flood-prone area of Makhanga to Milton Village, Traditional Authority (TA) Mbenje in Nsanje District, have appealed to government to…

Bitter National Bank customers demand refund of their money transferred to Airtel Money but never received

January 10, 2025

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* After the Bank announced suspension of transfers to and from Airtel Money via platform MO626, MO626 Digital+ and Banknet360 * Contact Centre accused of not responding to customers’ calls to query what the problem is By Duncan Mlanjira Some four hours ago, National Bank of Malawi (NBM) announced a temporary suspension of transfers to and from Airtel Money via its platforms of MO626, MO626 Digital+ and Banknet360 without giving an explanation. The announcement, made on NBM’s Facebook account,…

MEC reminds public officers to resign before being nominated for 2025 General Elections except Cabinet Ministers

January 8, 2025

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* Or any other person whom the Constitution provides that they shall not be disqualified from standing for election * As countdown is 250 days to go before September 16’s Presidential, Parliamentary and Local Government elections By Duncan Mlanjira Malawi Electoral Commission (MEC) is reminding aspirants of the September 16 General Elections that any person holding or acting in a public office or appointment is required to resign before nominated. Except where the Constitution provides that such a person…

Reconfigured Cabinet; Have the Ministers received clear deliverables in being warned to deliver or face dismissal?

January 7, 2025

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The new faces in the Cabinet * When will their first appraisal be? What’s the system for accountability? — Nobody delivers from nothing? * The President’s 4.5-year record speaks for itself — he has consistently failed to hold his appointees accountable Analysis by Duncan Mlanjira When swearing-in new Ministers this morning into the Cabinet which was reconfigured on New Year’s Day, President Lazarus Chakwera issued a stern warning to the new faces, emphasising that their positions are not for…

In reasserting its role, RBM’s new leadership must strive to be independent of undue external influences

January 7, 2025

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Philip Madinga * And to act responsibly in the best interests of free market principles—Standard Bank Chief Executive, Phillip Madinga * In response to appointment of new Reserve Bank of Malawi (RBM) leadership team led by Dr. McDonald Mafuta Mwale as Governor and Dr. Kisu Simwaka as his deputy * The two economists bring a renewed sense of vigour and confidence to the financial markets given their vast expertise in economics and financial regulation By Duncan Mlanjira Standard Bank…

President Chakwera warns newly-appointed Cabinet Ministers to deliver or face dismissal

January 7, 2025

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* As we straighten these bones that have been bent due to all the things that have deformed the country, I urge you to join me in informing Malawians on what government is doing to change the nation’s economy * The Ministers’s appointments come with a responsibility to remain accountable to the people of Malawi and deliver meaningful results By Donald Zimba, MANA President Lazarus Chakwera has issued a stern warning to the newly-appointed Cabinet ministers, emphasising that their…

Haiya’s main focus for 2025 will be on six key areas of development

January 7, 2025

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* Strategic partnership, governance, technical, infrastructure, competitions, commercial and marketing * To review Mpira TV set up targeting 133% revenue increase * Secure direct funding for national teams from Parliament; among others By Duncan Mlanjira Football Association of Malawi (FAM) president, Fleetwood Haiya, who clocked 365 days in office last month, described his first tenure as success and going forward into 2025, his main focus will be on six key area — namely strategic partnership, governance, technical, infrastructure, competitions,…

There is need for new leadership of Dr McDonald Mwale at RBM to be more independent and professional in approach in their decisions—Chief Economist Chifipa Mhango

January 6, 2025

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* It is Malawi’s economy that should be the focus and not the politics that surround it * It is also the responsibility of the new leadership team to turn around RBM financial position from a loss-making entity By Duncan Mlanjira The news of the appointment of Dr McDonald Mafuta Mwale as new Governor of the Reserve Bank of Malawi (RBM) and Deputy Governor, Dr Kisa Simwaka “is welcomed for an ailing Malawi economy”, says Malawian Chifipa Mhango, Chief…

Mixed reactions over supposedly poor woman’s refusal of Triephornia Thomson Mpinganjira’s offer of K500,000

January 4, 2025

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The woman in question * Nothing spells POWER clearer than a seemingly lesser person saying NO to the supposed rich and powerful * We have become worshippers of money and I am not surprised we are paralysed by a poor woman refusing such a generous gift By Duncan Mlanjira “Trust doesn’t come easy to some people, especially in a country with a considerable number of people who believe all manner of nonsense about rich people,” writes Dannie Grant Phiri…

First consignment of fuel from Tanzania’s Tanga Port expected to arrive by Thursday, January 9

January 4, 2025

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* A total of 1,409 tanker loadings shall be required to bring the entire fuel volumes into Malawi * Both Malawian and foreign transporters have been engaged to ensure efficient and timely delivery of these volumes * In the meantime, fuel from contracted suppliers for NOCMA, PIL and other licensed importers continues to flow into the country By Duncan Mlanjira The first tankers of the fuel, whose offloading from a vessel from Abu Dhabi, United Arab Emirates (UAE) commenced…