Airtel Africa Foundation unveils Airtel Africa Fellowship Programme to empower students at IIT Madras Zanzibar

* It aims to support deserving students from diverse socio-economic backgrounds enrolled in the Bachelor of Science in data science and artificial intelligence The programme is designed to support students from 14 African countries that Airtel Africa has its footprint * Malawi, Nigeria, Kenya, Uganda, Zambia, Tanzania, Rwanda, DRC, Niger, Chad, Congo Brazzaville, Gabon, Madagascar and Seychelles By Duncan Mlanjira Airtel Africa Foundation — the philanthropic arm of the leading of telecommunications and mobile money services provider, has launched…

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FMBcapital Holdings Plc’s earns US$46.8 million profit after tax in first half performance of 2024

* Up by 11% realised in June 2023 and to pay an interim dividend of US$5,162,325 being 0.21 US cents per share * Total operating income of US$128 million — a growth of 6% in same period last year * The Group’s strategy remains growth oriented, with sustained impetus to build into a significant regional bank * With a diversified portfolio of corporate, business and consumer banking solutions, complemented by relevant treasury activities By Duncan Mlanjira In the first…

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South Africa police arrest a suspected Malawian woman in possession of significant quantity of bank ATM cards

* Also found in possession of a sum of R12,450, which the woman could not account for * Her phone was seized for further investigation and the suspect was apprehended to face charges of fraud By Duncan Mlanjira Gauteng Traffic Police in South Africa reported that they arrested a woman, suspected to be Malawian, who was found in possession of a “significant quantity of bank ATM cards.” On its Facebook page, https://www.facebook.com/share/p/uEMLqzRopzYHt7r4/?mibextid=xfxF2i and on X, formerly Twitter, the Gauteng…

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China playing trade and financing dynamics on African countries—Chief Economist Chifipa Mhango

Heads of States at the China-Africa Summit * In 2023, Chinese imports into Malawi was US$546.12 million — that is the value of Chinese market access into Malawi economy * On the other hand, Malawi exports to China was US$54.43 million, that is Malawi market access value into Chinese economy in 2023 — The net trade is thus in favour of China at US$491.69 million By Duncan Mlanjira South Africa-based Malawian Chief Economist, Chifi Mhango, who is director of economic…

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President Chakwera satisfied with outcomes of Forum on China-Africa Cooperation 2024

* Malawi has enormous potential to generate more energy from solar, wind and geothermal sources * GEIDCO’s expertise could provide Malawi with the alternative sustainable power sources that she need * Energy is critical for Malawi to realise its MW2063 national vision, which is being driven through the ATM strategy Wrap up by Chikondi Chimala, MANA in Beijing, China President Lazarus Chakwera has described the Forum on China-Africa Cooperation (FOCAC), as a highly successful summit, saying it has exceeded…

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Africa countries should showcase and position own industrialisation roadmap to China and seek support to address the China-Africa trade imbalances—DCG Chief Economist

* Guided by latest annual international trade data of 2023, the picture is that African countries face challenges of trade imbalances which favours China * In short, there are more imports from China into African countries than what African countries are exporting to China in value terms * In 2023, China’s total trade with Africa expanded moderately by 1.5% to reaching US$282.1 billion, based on General Administration of Customs data By Duncan Mlanjira South Africa’s Don Consultancy Group (DCG)…

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Horror: South African farmer and his employees accused of shooting women dead and feeds their bodies to pigs

* They are facing murder charges after the decomposing bodies were discovered in a pigsty on a farm * Police began investigating after a 45-year-old woman was reported missing after visiting the farm on August 17 * Accompanied by another woman, aged 35. Both women sustained gunshot wounds News.com A 60-year-old white South African farmer, Zachariah Olivier and his two workers Adriaan De Wet (19) and William Musoro (45) were in court on Friday accused of murdering two black…

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Mozambique’s President Nyusi denies report of 99-year lease of port of Nacala to Malawi

* The agreement between the two countries is to develop a dry port, with a view to securing Malawi’s cargo * In order to ensure that more cargo from Malawi is prepared at that location and arrives at the port without costs * Which end up creating the challenge of logistics in general and this can only happen after a feasibility study Maravi Express The Memorandum of understanding (MoU) which Malawi and Mozambique signed last month did not grant a…

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University of Malawi confers Mozambique President Nyusi an honorary PhD in International Affairs & Diplomacy

* Pledges to visit UNIMA and share with its students Mozambique’s on economic diplomacy initiative * We are friends at all times, even in trying moments — I am, therefore, humbled, honoured and grateful for the award Maravi Express Soon after welcoming his counterpart after landing at Chileka International Airport, President Chakwera proceeded to escort Mozambique President Filipe Jacinto Nyusi to Zomba where he was conferred a Doctor of Philosophy Degree (PhD) in International Affairs & Diplomacy (Honoris Causa)…

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Chakwera promises significant benefits from his visits to Italy and Germany in terms of trade, democracy, natural disasters and disease out breaks

* Chakwera received enormous support in Berlin for his vision that calls for concerted efforts around sustainable investments * In priority areas of agriculture, tourism and mining, under what is termed as the ATM Strategy * Many of the investors he met are willing to get involved in agriculture and tourism as well as in the mining investments in Malawi Wrap up by Abel Ikiloni, MANA On his return from his tour of Italy and Germany, President Lazarus Chakwera…

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