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Malawi Ministry of Finance cannot convince IMF of ability to repay its debt under current economic and governance situation—chief economist Chifipa Mhango

September 14, 2022

| Business, International, National, News

* No matter how brilliant the words are in a speech, IMF looks at your daily actions * The fiscal position and management of the resources before and after becomes imperative By Duncan Mlanjira In offering President Lazarus Chakwera, a 5-straight action plan to win back the confidence of international lenders, such as the International Monetary Fund (IMF), South African-based Malawian chief economist, Chifipa Mhango highlighted several governance and economic environment shortfalls the country is facing. Chifipa said the…

SA-based chief economist Chifipa Mhango offers Chakwera 5-straight action plan to win back confidence of IMF

September 14, 2022

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| Business, National, News

Chifipa Mhango, very much revered in his host country * Consequences of not having ECF support from IMF for Malawi has serious economic and political stability implications * For it may negatively affect provision of health services, education, as well as overall macro-economic stability among others By Duncan Mlanjira Following the decision by the International Monetary Fund (IMF) to put on hold talks over a new extended credit facility (ECF) with Malawi until a resolution is made on the…

FDH Bank stimulated its customers embracing saving culture through FDH Kukonza Tsogolo promo

September 13, 2022

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| Business, News

* As the 3rd monthly K1 million winner identified for September after two others drawn in July and August * So far 30 lucky winners have received K100,000 each and 150 others have so far won two metres each of FDH Bank-branded cloth * Existing customers encouraged to deposit K100,000 and keep it for a month * New clients were to open an account and also deposit K100,000 for the same period By Duncan Mlanjira FDH Bank Plc is…

Mighty Wanderers FC 2021 Ltd appoints MPs Chilapondwa, Dossi to lead Supporters Trust Ltd; Mvula removed as Board secretary

September 13, 2022

| 1 Comment

| News, Sports

Chilapondwa and Dossi * Mighty Wanderers Supporters Limited Board will be responsible for the new supporters regime * As Thom Mpinganjira maintains post of president and chairperson of the Board By Duncan Mlanjira In its commercialization process, Mighty Wanderers Football Club 2021 Limited’s Board of Directors has appointed Member of Parliament (MP), Ulemu Jermoth Chilapondwa to lead Mighty Wanderers Supporters Trust Limited — alongside fellow legislator, Susan Dossi as general secretary. A statement from president, Thom Mpinganjira, who has…

BWB suspends deductions of kiosks’ water tariff arrears as intervention in fight against cholera outbreak in Blantyre

September 13, 2022

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| Business, Health, National, News

Water kiosk managed by Water Users Association * With effect from Monday, September 12 on the prepaid metering system across all outlets spread out in low-income communities * Of the 19 affected districts, Nkhata Bay has the highest at 617 reported cases with 17 deaths * Followed by Blantyre (546 with 22 deaths) with cumulative cases at 2,577 including 86 deaths since the onset of the outbreak By Duncan Mlanjira As Blantyre City keeps registering rising cases of cholera,…

FDH Bank Plc supports ICAM annual conference with K5 million

September 13, 2022

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| Business, News

FDH Head of Finance, Richard Chipezeani hands over the sponsorship to ICAM’s Chrissy Jere * ICAM conferences provide a platform where accountants can better their knowledge * Which the efficiency of how organizations are to run and to the development of the country’s economy By Victor Singano Jnr, Correspondent One of the country’s leading financial institution, FDH Bank Plc, has partnered Institution of Chartered Accountants in Malawi (ICAM) by investing K5 million towards hosting the upcoming ICAM Lakeshore Annual…

Veteran insurer Stain Singo inspires 17 young minds selected for MUST’s inaugural Vice-Chancellor Young Engineer Academy

September 12, 2022

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| Education, News

The young minds * There is variety of ages of the first intake, with one as young as 14 and the oldest at 17 years old * Remove from the minds the word ‘impossible’. Have the strong mentality that nothing is impossible in the world By Duncan Mlanjira Veteran insurer, Stain Singo — who is founder and chief executive officer of Smile Life Insurance Company — was guest of honour on Monday at Malawi University of Science and Technology…

NICO Pension champs of Blantyre ‘One NICO Executive Golf Challenge’

September 12, 2022

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| Business, News, Sports

The champs, NICO Pension * Beat 10 other participating teams, which had experienced and seasoned golfers By Victor Singano Jnr, Correspondent NICO Pension men’s team emerged champions of second edition of the annual One NICO Executive Golf Challenge after outclassing their fellow 10 NICO Group subsidiary teams on Saturday at Country Club, Limbe in Blantyre. The golf challenge, which involves NICO Group’s subsidiary companies, is mainly aimed at creating a platform where all NICO staff can interact, relax in…

Government warns against abuse of Statutory Corporations vehicles as it reassigns SC-prefix registration numbers

September 12, 2022

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| Business, National, News

Most personal-to-holder motor vehicles were not using such plates * The government has since approved the re-assignment of dormant SC prefix numbers to new parastatals * Each parastatal across the sector now has the special SC numbers for identification * This is to ensure that there is no loss of vehicles through irregular deregistration and theft due to the gaps with the current system By Duncan Mlanjira Government has discovered that management of the Statutory Corporations prefer using private…

Malawi hosting 7th annual Competition and Economic Regulation Week

September 11, 2022

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| Business, International, National, News

* The week will include three professional training programmes, which will run concurrently from tomorrow to Wednesday * Thereafter a conference from September 15-16 to be opened by Minister of Trade & Industry, Mark Katsonga Phiri * The three targeted professional training programmes will cover key concepts in economic regulation, competition economics * As well as law with illustrations on how the theories and principles are applied By Duncan Mlanjira From tomorrow, September 12-16, Malawi’s Competition and Fair Trading…