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2019 FISD Challenge Cup champions to receive K20 million prize money

September 26, 2019

By Duncan Mlanjira This year’s FISD Challenge Cup champions will cart home a cool K20 million as prize money, up from K16 million which last year’s winners, Mighty Be Forward Wanderers received. This was disclosed last week at Football Association of Malawi’s Mpira Village in Blantyre by the sponsors’ Chief External Operations Affairs Manager, Jack Kujaliwa, who added that the runners-up will receive K7 million with K2 million each going to the losing semifinalists. There is also a starter…

Professionals should be key ingredient in the equation of development in Malawi and Africa in general — Justice Ntaba

September 26, 2019

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| Business, News

By Duncan Mlanjira In her key note address at the opening ceremony of the 2019 Institute of Chartered Accountants of Malawi (ICAM) conference at Sun ‘n’ Sand Holiday Resort in Mangochi on Thursday evening, guest of honour High Court Judge Justice Zione Ntaba said professionalism should not only be evidenced through academic and professional papers but the output they can provide as a result of such glorious qualifications. “It is imperative that professionals should be the key ingredient in…

Lumumba implores South Africans to live in harmony with the rest of Africa

September 26, 2019

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| International, National, News

By Duncan Mlanjira Staunch Pan-Africanist, Professor Patrick Loch Otieno Lumumba from Kenya condemns the xenophobic attacks happening in South Africa and pleaded with them to live in harmony with the foreign nationals in their country, saying Africa is one and each and every country should depend on each other. Lumumba said this at the 2019 Institute of Chartered Accountants in Malawi (ICAM) annual conference on Saturday at Sun ‘n’ Sand Holiday Resort where he was a guest speaker, saying…

Malawi’s Institute of Accountants ushers in new office bearers

September 26, 2019

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| National, News

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…

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

September 26, 2019

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| Business, National, News

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…

2019 Malawi Warm Heart Pro Tour set for November

September 26, 2019

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| News, Sports

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…

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

September 26, 2019

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| Business, News

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…

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

September 26, 2019

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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…

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

September 26, 2019

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| Business, News

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….

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

September 26, 2019

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| National, News

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…