NICO Group posts K18.6bln profit after tax; K2.399bln to be shared as dividends

NICO Group Managing Director Vizenge Nyirenda at the press briefing  * NICO started off 50 years ago as The National Insurance Company Limited * Incorporated as a composite insurance company in 1970 * Before commencing trading in January 1971 * The first to list on the Malawi Stock Exchange * NICO has played a pivotal role in the development of the capital market By Duncan Mlanjira As Malawi’s leading financial service providers, NICO Group is celebrating its 50th Anniversary,…

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Fighting Corruption Requires Thinking Outside the Box

By Cedrick Ngalande A week ago, President Chakwera addressed the nation outlining his action following the release of the report, ‘Usage and Accountability of the K6.2 billion CoVID-19 Disbursement’. The report had been commissioned after a public outcry over the missing K6.2 billion CoVID-19 funds. In the address, the President informed the nation that everybody who misused the CoVID-19 funds would be arrested and be made to pay back. He also announced the dismissal of a cabinet minister whose…

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The country has lost a finest administrator and political statesman in Malewezi—President Chakwera

* He played a great advisory role to individuals and the nation as a whole * He called upon everyone to be at peace with each other in all circumstances * He was a true representation of common good and public interest at all times By Chimwemwe Njoloma, MANA President Lazarus Chakwera on Saturday led the nation in paying tribute to former Vice-President, late Justin Malewezi at Likuni Boys Secondary School premises in Lilongwe where Malawians gathered to send…

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President Chakwera’s son Nick sues Joshua Chisa Mbele for Facebook statement defamation linking him to plunder of K6.2bln CoVID-19 funds

The post on Facebook by Mbele * Mbele alleged that Mainja demanded to be arrested alongside Nick Chakwera who “conspired in the fraud” * Mbele alleges that the “money went round to President Chakwera which he used to fund MCP campaign in Karonga and other bye-elections” * Malawians want to see if President Chakwera is going to arrest thieves in his own house—Mbele By Duncan Mlanjira Nick Chakwera, son to State President Lazarus Chakwera, has filed a lawsuit at…

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MRA, Immigration officers die after their car plunged into a flooded Kyungu River whose bridge got washed away

The washed away Kyungu River Bridge * The three were stationed at Songwe Border but on way back from Karonga Boma failed to notice the washed away bridge * Vice-President Saulos Chilima took time to visit the spot in the company of Paramount Chief Kyungu himself * Chilima is in the North inspecting some development projects at the instructions of President Chakwera * I extend my condolences to the families of the three people who died—Chilima By Duncan Mlanjira…

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Veteran journalist Limbani Moya succumbs to CoVID-19 complications; Had just returned from kidney transplant in India

The man every journalist of his generation called ‘Agent Zero’ * I consider myself very privileged to have learned the trade under his wings—Gracian Tukula * A humble, open and generous character who will be sorely missed * I’m deeply saddened by the death of Limbani Moya, with whom I once worked—former MP and cabinet Minister Ken Lipenga * Just a stage in the cycle of life— lawyer Joseph Kamkwasi By Duncan Mlanjira Veteran journalist Limbani Moya, who was…

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CAMA asks cooking oil manufacturers to engage farmers to grow more of their raw materials

Soya beans is one of raw materials for manufacture of cooking oil * Raw materials the industry needs include soya beans, groundnuts, sunflower, olives and others * This follows controversy over the 16.5% value added tax (VAT) which government re-introduced last year * Current price increase of refined cooking oil is due to global price of imported crude oil By Duncan Mlanjira Consumer Association of Malawi (CAMA) Executive Director, John Kapito has suggested that perhaps the cooking oil manufacturers…

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Great African orator Professor Lumumba has his wish to meet President Chakwera granted

Wish granted; Chakwera greets the revered Pan-Africanist * Lumumba greatly praised Chakwera’s eulogy of late Tanzania’s President Magufuli as greatest funeral oration ever made * Prompting him to request an audience with Chakwera to encourage him to be in the forefront of the leadership in Africa By Duncan Mlanjira Great African orator, Professor Patrick Loch Otieno Lumumba from Kenya, who requested for an audience with Malawi President Lazarus Chakwera last month to encourage the Malawian “to be in the…

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Airtel Malawi Plc introduces no-validity data bundle ‘PaNet NoVa’ as it slashes data prices

* New rates immediately available by dialing *301# or using the My Airtel mobile App By Duncan Mlanjira Airtel Malawi Plc has introduced a no-validity data bundle named ‘PaNet NoVa’, for 1GB which will offer Airtel customers more freedom to surf the internet at their leisure. Effective today (April 22) Airtel has also revised the prices and volumes for some daily, weekly, and monthly data bundles and are immediately available by dialing *301# or using the My Airtel mobile App. …

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Data bundles to be reduced effective Thursday, April 22

Campaign initiated by the public * 30% reduction for the entry level 1GB volume bundle * Further reducing the volume bundles up to 4GB between a range of 10% and 31% * Recognition of the important role ICT play in socio-economic development By Duncan Mlanjira Mobile Network Operators are expected to reduce data charges effective on Thursday, April 22 following increased concerns from consumers regarding high internet data prices in the country.   A statement from Malawi Communication Regulatory…

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