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CDH Investment Bank expresses optimism of further growth; As it posts K11.140 billion profit after tax
April 24, 2024
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| Business, News

* The performance represents a 48% jump in profit when compared to the K7.53 billion which the bank reported in 2022 * Customer deposits grew by 42% year on year while the bank’s loans and advances grew by 34% * With investment funds and financial assets growing by 42% and 40% respectively By Duncan Mlanjira CDH Investment Bank (CDHIB) has expressed its optimism of further growth in both the investment banking and commercial banking activities, “albeit, in a challenging…

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‘Illovo Sugar Malawi stands in solidarity with its surrounding communities’; As Nchalo Estate donates 16,000 bags of maize flour
April 24, 2024
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| Agriculture, Business, National, News

* Recently, we have been confronted with the stark reality of hunger in Chikwawa district due to the El Niño weather phenomenon * The plight of our fellow citizens, particularly those in Paramount Chief Lundu’s community, has weighed heavily on our hearts By Duncan Mlanjira Illovo Sugar Malawi Plc emphasised its moto of ‘Creating a Thriving Community’ by donating 16,000 bags of maize flour of 25kgs each to surrounding residents of Nchalo Estate in Chikwawa as an assurance that…

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CFTC to enquire with Illovo on reasons behind increase of sugar prices
April 22, 2024
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| Business, Law Enforcement, National, News

* This may culminate into a full-fledged  investigation against the company depending on the explanation we get * We are also alive to the fact that this increment comes barely five months after the company effected a 33% increment on sugar products following the currency realignment By Duncan Mlanjira Following the announcement on the increase of prices of sugar made today by Illovo Sugar Malawi Plc, Competition & Fair Trading Commission (CFTC) says it is in process of engaging…

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Malawi-Israel labour MoU ‘agrees to recruit workers who have relevant experience in the agriculture sector’
April 22, 2024
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| Agriculture, Business, International, National, News

* The relevant experience ranging from agronomy, animal husbandry, horticulture, among others * MoU to ensure that the cooperation in the field of labour is guided by legal, fair, and well-informed protocols Analysis by Duncan Mlanjira Malawi’s temporary agricultural labour export to Israel attracted a lot of local and international attention as it coincided with the conflict between Israel and the Hamas — with some labeling it as a secret deal — but truth of the matter was Malawi…

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Malawi Police Inspector General Yolamu ordained as church elder
April 21, 2024
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| Law Enforcement, News, Religion

* Most people think a law enforcer cannot serve as a church elder—IG Yolamu *  But we are saying a good security officer is the one who knows the word of God and is eager to serve Him By Wallace Chipeta, MANA  Malawi’s 22nd Inspector General (IG) of Police, Merlyne Nachulu Yolamu was on Sunday ordained as church elder for Police Headquarters Church of Central Africa Presbyterian (CCAP) under Nkhoma Synod in Lilongwe. She becomes the first Malawian IG to…

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Beijing half marathon winners stripped of medals after African trio let Chinese runner win
April 21, 2024
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| International Sports, News, Sports

Chinese runner He Jie, Ethiopian Dejene Hailu Bikila and Kenyans Robert Keter and Willy Mnangat at the finish line of the Beijing Half Marathon on April 14  * A video clip of the finish shows Kenya’s Willy Mnangat turning toward He Jie and gesturing for him to move ahead as the four men run neck and neck  * Former 5km world record holder Robert Keter, also from Kenya, then appears to wave at He Jie to overtake the pack while signaling for…

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Mighty Wanderers keep their lead of TNM Super League 2024 season
April 21, 2024
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| News, Sports

* After beating Creck Sporting 3-0 yesterday while Silver Strikers drew 1-1 with Dedza Dynamos this afternoon  * Defending champions Nyasa Big Bullets beat Chitipa United 3-0 to rest at position 6 By Duncan Mlanjira Mighty Wanderers, who beat debutantes Creck United 3-0 yesterday to take temporary lead of the TNM Super League 2024 season, have now maintained their top spot after Silver Strikers drew 1-1 with Dedza Dynamos this afternoon. The two sides share 7 points but Wanderers…

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Standard Bank Plc renews its sponsorship of MAFCO FC
April 21, 2024
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| Business, News, Sports

* In the just ended season, MAFCO finished in the top 10 of the TNM Super League table  * The side also reached cup finals of two other prestigious domestic cups By Duncan Mlanjira Standard Bank Plc, which started sponsoring MAFCO FC, has renewed its support of the Malawi Armed Forces College club with an improved package of K26,785 million for the 2024/25 TNM Super League season, up from K18.2 million last season. On its Facebook page, Standard Bank…

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Football fans encourage Creck Sporting not to lose heart after being baptised 3-0 by TNM Super League giants Wanderers
April 21, 2024
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| News, Sports

* Not a bad result as inticipated — next time we’ll go big — George Limula  * Way to go lads, that’s how we gain experiences — learn through your mistakes—Dawani Chitsa Mtawa By Duncan Mlanjira After beating season TNM Super League sides, Mighty Tigers 3-1 in the first game in the top flight league — followed by another hardened side Moyale Barracks (3-2) — debutantes Creck Sporting have been baptised on what it takes when they succumbed 0-3…

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Increased power connectivity amongst Malawians gets Word Bank Group’s blessings
April 21, 2024
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| Business, National, News

World Bank’s Practice Manager, Yadviga Semikolenova  * Before 2023, ESCOM was able to connect only 35,000 people a year to the national grid, which was not fast enough  * This was the best the utility provider could do but given how fast the population has grown it didn’t give a dent  * We are impressed that in 2023 alone, connections to the grid grew from 35,000 to over 75,000, which is no mean achievements By Mike van Kamande in…

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