Suspending pension payments is a violation of public trust

* In well-functioning pension systems, pension funds are ring-fenced, professionally managed, and insulated from political or fiscal turbulence * Contributions are invested in long-term, low-risk financial instruments such as government bonds, treasury securities, or diversified mutual funds to ensure stable returns and guaranteed payouts * These systems are designed specifically to prevent a situation where retirees are left wondering whether their next payment will arrive Analysis by economic expert, Dr. James Kadyampakeni The recent decision by the Government of…

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CFTC uncovers Simama shop in Dedza withholding 3,000 bales of Illovo Malawi sugar

* Ministry of Industrialisation, Business, Trade & Tourism has since sealed the shop after being alerted by CFTC * CFTC has thus taken a keen interest to uncover and address any business malpractices that may have the potential to distort competition and erode consumer welfare in this market * The Commission, therefore, encourages the general public to be alert and report any suspected business malpractices surrounding sugar and any other products or services By Duncan Mlanjira Following a tip,…

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EGENCO asks for additional financing for Kapichira’s dam rehabilitation on top of US$44.7m World Bank support for hydro plant rehabilitation and modernisation

Liabunya first making his presentation at Tedzani Boardroom * As it rolls out rehabilitation and modernisation projects for Nkula B and  Kapichira power plants with support from EU & EIB and AfDB * The power plant’s rehabilitation projects involve turbine & generator overhauls and replacement of outdated control systems with modern technologies * Restoration of 32.4MW Tedzani Unit 5 that went off the grid in December 2024 is set to be fully completed by end of this month By…

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Healthy employees is good business all round—Illovo Sugar Malawi Nchalo Estate in commemorating World AIDS Day

General Manager Ricky Pillay leading the commemoration parade * Under the theme; ‘We remember, we lead, we rise to transform the response’, which reminds that the fight against HIV/Aids is not over * Spread love, not HIV; let’s unite in the fight against AIDS by getting tested and if positive, start and stay on treatment * Support colleagues, fight stigma and be champions of change — together we can rise to transform the response and ensure a healthier, stronger…

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‘MACRA’s Letter Writing Competition plays a crucial role in shaping secondary school learners in critical thinking’—Likangala headteacher Carol Mbewe

The top three; overall winner Rheecious Luweya flanked by runner-up Allan Nkhoma (right) and 3rd-placed Favour Kalirani * They are able to research and organise information for effective communication which is the essence of letter writing competition * As Chichiri Secondary School Form 4 student, Rheecious Isaac Luweya is crowned Malawi’s best young letter writer * Of the 54th International Letter Writing Competition under the theme; ‘Imagine you are the ocean — write a letter to someone explaining why…

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The CCAP stands in solidarity with CSOs’ and governance experts’ red flags raised against establishing CDF in the Constitution

* Agrees with the observation that it was amended without due process and that it  erodes governance principles * We add our voice to theirs in condemning this move, which we view as a detriment to our constitutional democracy * We, therefore, call upon all relevant institutions and leaders to reflect on the profound implications of this constitutional amendment * Prioritise robust, inclusive, and transparent processes in all matters of national governance and uphold the sanctity of the Constitution…

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Of China’s US$20 million debt relief to Malawi

Vice-President Justice Jane Ansah’s recent meeting with Chinese Ambassador to Malawi Lu Xu to strengthen Malawi-China partnership  * Narratives suggesting that Chinese engagement fosters dependency do not reflect the realities of Malawi’s experience * Chinese-supported initiatives have strengthened the country’s physical and technological infrastructure, expanded educational and industrial capacity, and contributed to long-term national development goals * These contributions help lay the foundation for enhanced domestic revenue generation and structural transformation, aligning with Malawi’s own development strategies and aspirations…

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Finance Minister Mwanamveka hails Airtel Malawi’s K300m investment via Airtel Africa Foundation to support national hunger crisis

* This contribution from Airtel Malawi comes at a very critical moment as thousands of our people are facing hunger after the recent disasters, and this support will help us reach the communities most in need * This assistance will directly support vulnerable communities and ensure children are not going to school on empty stomachs * As government, we remain committed to working with the private sector to ensure urgent relief reaches all the Malawians who need it most…

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IMF commends as positive DPP administration’s measures to control government expenditure

* Applauds measures of reactivating the automatic fuel price mechanism while  encouraging the operationalisation of the promised fiscal discipline and revenue mobilisation, starting with the mid-year budget review * IMF staff look forward to continued engagement with the authorities on their macroeconomic reform trajectory By Duncan Mlanjira The International Monetary Fund (IMF) staff team, led by Justin Tyson that visited Malawi between November 3-7 as part of its regular engagement with the country’s authorities, has commended as positive, the…

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Police investigating property looting at Kamuzu Palace including police shepherd dogs

* As it dispels rumours circulating on social media alleging the arrest of the 6th President of Malawi, Lazarus Chakwera * The Police obtained a search warrant in pursuing evidence by suspect Godfrey Jalale that the police dogs are kept at Chakwera’s residence By Duncan Mlanjira The Malawi Police Service has issued a statement dispelling rumours circulating on social media alleging the arrest of the 6th President of Malawi, Lazarus Chakwera, clarifying that they are only investigating property looting…

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