News – Page 340 – Maravi Express – Your Kind of News. Clear and accurate.

Peter Mutharika to address press conference Friday in reaction to devaluation of the kwacha

November 13, 2023

* He will be accompanied by senior members of the DPP to be covered live on a number of media houses from 10:00hrs * The former Head of State is eyeing to contest again for the National Presidency under the DPP * The Party which his brother and former Head of State, late Bingu wa Mutharika founded in 2009 By Duncan Mlanjira Former President Peter Mutharika has announced that he would address a press conference on Friday in reaction…

“Trade remedies protect local products from imports, not devaluation”

November 13, 2023

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| Business, National, News

Chithyola Banda flanked by Minister of Local Government, Richard Chimwendo Banda (left) and RBM Governor Wilson Banda * What made local products expensive than imported products and which products are being reffered to? * We all know Malawi cannot compete on quality and on production costs * The one who should have spoken on the devaluation issues should have been the Reserve Bank Governor and not the Minister * Otherwise, here it clearly shows interference in the independence of…

By finally correcting the exchange rate, RBM has giving the economy a ‘healthy’ path to recovery—Finance Minister

November 13, 2023

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| Business, National, News

* In fact, the Reserve Bank of Malawi should have done this a long time ago * So that we would not have lost so much time and so many opportunities under the shade of a false exchange rate * Additionally, if this had been done early enough, we would have had a smaller adjustment in the exchange rate * But now we are having to deal with such a big adjustment because the correction was left too late…

Fiscal Police, Financial Intelligence Agency, National Intelligence Service given stronger mandate to crack down on all illegal foreign exchange trade

November 13, 2023

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| Business, Law Enforcement, National, News

Chithyola Banda at the press conference in Lilongwe today * An Action Plan that has been effected towards the recovery, development and protection of the economy * Aimed at cushioning the most vulnerable Malawians from the economic shock the devaluation has caused * Dealing in foreign exchange without authorization or licence from RBM is illegal under the Exchange Control Act, 1984 By Duncan Mlanjira Minister of Finance & Economic Affairs, Simplex Chithyola Banda says government is putting up water-tight…

Mia leads national clean-up day campaign in Chikwawa

November 13, 2023

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| Health, National, News

* As sensitisation to communities for them to maintain hygienic standards by honouring the clean-up campaign launched in 2020 * My plea is that every Malawian should take part in this campaign and ‘Tipewe Cholera’ campaign * Chikwawa has maintained the exercise every month since the national clean-up day campaign was launched By Noel Chimwala & Leah Malimbasa, MANA The National Clean-up Day campaign, which President Lazarus Chakwera launched in November 2020 — aimed at promoting both organised and…

Another North vs South as Morocco’s AS Far date South Africa’s Mamelodi Sundowns in CAF Women’s Champions League semifinal

November 13, 2023

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| International Sports, News, Sports

* AS Far are the defending champions after they beat Mamelodi Sundowns in the final last year * The South Africans Mamelodi Sundowns cemented their status as favourites for the title * With a comfortable 3-0 victory over Atlético d’Abidjan on Saturday having already qualified with a game in hand By Duncan Mlanjira After the North vs South encounter in the two-legged African Football League between South African side Mamelodi Sundowns and Wydad Casablanca from Morocco, a similar showdown…

Goodwill ambassadors Joyce Banda, Bakili Muluzi hand over houses to Cyclone Freddy survivors in Mulanje

November 13, 2023

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| National, News

* JB pleased with how phase one construction of the houses has been administered in the area * People living in villages also deserve better life and respect as anyone else living in cities or towns By Innocent Chamtulo, MANA Former Heads of State, Joyce Banda (JB) and Bakili Muluzi, who are Cyclone Freddy recovery Goodwill Ambassadors, on Friday handed over 10 climate change resilient houses to some of the tropical storms survivors in Mulanje. The houses have been…

Sundowns beat Moroccan side Wydad Casablanca to become inaugural African Football League champions

November 12, 2023

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| International Sports, News

* Sundowns went into the home leg trailing 1-2 but turned the tie around * Thanks to goals from Peter Shalulile and Aubrey Modiba at a raucous Loftus Versfeld Stadium in Pretoria Maravi Express South Africa Premier League side, Mamelodi Sundowns were crowned the first-ever African Football League (AFL) champions today after a 2-0 second leg victory over Moroccan club Wydad Casablanca, sealing a 3-2 aggregate triumph. Sundowns went into the home leg trailing 1-2 but turned the tie…

Blantyre mobile money agents divided over participation of protest match against Airtel and TNM

November 12, 2023

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| Business, News

The letter that Lilongwe District Council has granted approval to * Some mobile money agents in Blantyre have expressed their unwillingness to participate * Saying it would disrupt their business to waste away valuable hours of business at the demonstration By Duncan Mlanjira A demonstration march by mobile money agents has been planned in Lilongwe for Tuesday, November 14, in protest of the decision made in September last year by Airtel Malawi Plc and TNM Plc to revise the…

FDH Bank Plc seals landmark trade deal with Afreximbank of US$10m for agricultural procurement in Southern African region

November 12, 2023

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| Agriculture, Business, National, News

* The facility agreement will empower FDH Bank to efficiently pool procurement for the upcoming 2023/2024 growing season * Aligning with Malawi Government’s strategy to bolster agricultural activities * The deal is a milestone that not only reinforces the bond between Afreximbank and FDH Bank * But also positions FDH as the first bank in Southern Africa to access a facility under Africa Trade Exchange By Duncan Mlanjira FDH Bank Plc has signed a landmark trade deal of US$10…