Malawi’s Institute of Accountants ushers in new office bearers

By Duncan Mlanjira  Four members were elected into the Institute of Chartered Accountants in Malawi (ICAM) Council during its elective annual general meeting and conference held on Friday at Sun ‘n’ Sand Holiday Resort in the lakeshore district of Mangochi. The post of president was maintained by Joel Mwenelupembe as well as that of non-practising vice-president Phyles Kachingwe. Stephenson Kamphasa replaced David Mhango as a practising member and the other are Moffat Ngalande, Victoria Munkhondya and Madalo Mwenelupembe. Dalitso…

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Several multinational companies under investigation in Malawi; suspected of externalizing agricultural produce by under-declaring sale of prices

By Duncan Mlanjira At a Financial Services Lawyers conference at Nkopola Lodge in Mangochi on Monday, Deputy Governor of the Reserve Bank of Malawi, Dr. Grant Kabango disclosed that several multinational companies are under investigation under the suspicion of externalizing agricultural produce and products by under-declaring the sale of prices. He said the companies are concealing a goal amount of foreign currency expected to be received by the country. “By extension, the rest of the funds are being retained…

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2019 Malawi Warm Heart Pro Tour set for November

By Duncan Mlanjira Professional Golfers Association in Malawi (PGAMW) has set November 14-16 as the dates for its second edition of its flagship golf tournament, the Malawi Warm Heart Pro Tour that attracts foreign participation. In a press statement PGAMW president Patridge Shycal is since appealing for co-sponsorship from respective corporate companies Civil Society Organizations (CSOs), local and international NGOs as this falls under marketing the country’s tourism. “We guarantee our prospective partners or sponsors’ visibility and value for…

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NICO General sponsors K4.5m for Egenco to host Africa Hydro Symposium

Malawi’s leading financial services provider NICO Group on Tuesday presented a sponsorship package to Egenco for the country’s energy service generators Egenco to host the 29th Africa Hydro Symposium (AHS) scheduled for October 8-10 at the new conference centre at Sunbird Mount Soche Hotel. Presenting the cheque on behalf of NICO Group’s Managing Director Vizenge Kumwenda at their head office in Blantyre on Tuesday, NICO General’s Chief Executive Officer, Donbell Mandala said they decided to respond to the appeal…

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Sycamore Consult’s wealth creation conference in line with planning commission’s successor to Vision 2020

By Duncan Mlanjira The first wealth creation and personal finance conference which was organised by micro finance institution, Sycamore Consult is in line with Malawi government’s successor to Vision 2020 which National Planning Commission is developing. Held at Amaryllis Hotel in Blantyre on Tuesday, NPC was represented at the conference by its Chief Economist, Sipho Billiat, who applauded Sycamore Consult for coming up with the initiative since the successor to Vision 2020 has a new national development agenda, which…

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Malawi’s business guru Thom Mpinganjira offers tips for successful business enterprises

By Duncan Mlanjira First Malawian to establish his own bank, Dr. Thomson Mpinganjira has tipped people to diversify in their business undertakings in order to reduce investment risks in order to succeed in their business endeavours. Mpinganjira, Group Chief Executive Officer of FDH  Financial Holdings Limited, said this at Malawi’s first wealth creation and personal finance conference that was held at Amaryllis Hotel in Blantyre on Tuesday, which was organised by a Malawian owned micro finance institution, Sycamore Consult….

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NGO Village X funds construction of three rural communities nursery school blocks

By Duncan Mlanjira Malawian non-governmental organisation (NGO), Village X last week handed over three rural community nursery school blocks and five boreholes whose construction was funded in collaboration with the communities themselves in Zomba, Mangochi and Mulanje. The symbolic presentation was made in Mwenda Village in Zomba where Village X Country Director Myson Jambo said the whole project cost over K30 million. “What is so admirable about all this is that it’s the community leaders themselves who advise us…

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FAM thrilled with K25m prize money for winners of new FDH Bank League Cup

Football Association of Malawi (FAM) has applauded the partnership it is enjoying with FDH Bank for the past three years that has culminated into a bigger and lucrative deal — a new national cup competition that has just hit the football arena following the new sponsorship from FDH Bank at K90 million to be called FDH Bank League Cup, whose winners shall receive a whopping K25 million. At the unveiling ceremony held on Thursday at Mpira Village in Blantyre…

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Kumwamba making admirable strides for Mulanje athletics

The mountain trail challenge, Mulanje Mountain Porters Race, celebrated its 23rd anniversary in July and over the years it has produced several excellent long distance runners, such as Theresa Master, Doris Fisher, Evance Nyazule among others, who have made their mark in other local races. But one huge product is Edson Kumwamba, who has since become Malawi’s international mountain trail long distance (Ultra marathon) specialist after he trekked down to South Africa for greener pastures, where he then joined high…

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SA-based athletes donate training gear to Mulanje Athletic Club

South Africa-based long distance athletes, Peter Chiwaya, Imran Paya, Stanley Mwakhiwa and Gloria Chitedze have sent a consignment of training vests and shoes for the newly-formed Mulanje Athletic Club, which is being managed by international mountain trail long distance (Ultra marathon) specialist, Edson Kumwamba. And interestingly, the South Africa-based athletes are in touch with Stewart Kambewa, the cyclist who cycled 30.4km saddless up the meandering Masasa-Golomoti escarpment road, popularly known as Khwekhwerere route in aid of the good welfare of…

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