News – Page 671 – Maravi Express – Your Kind of News. Clear and accurate.

FDH announces retirement of Thom Mpinganjira as group chief executive officer; Replaced by his son William

September 7, 2020

By Duncan Mlanjira The Board of Directors of FDH Financial Holdings Limited has announced the retirement of its founder, Thomson Frank Mpinganjira as group chief executive officer with effect from 1st September, 2020 and has been replaced by his son, William. The influential businessman and banker is answering charges of corruption. He was arrested by the Anti-Corruption Bureau (ACB) in January and was charged with three counts when he allegedly tried to bribe Constitutional Court Judges with an offer…

HRDC pens ACB over corrupt practices in awarding road contracts

September 6, 2020

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| Business, National, News

By Duncan Mlanjira The Human Rights Defenders Coalition (HRDC), has written the Anti Corruption Bureau (ACB) detailing some allegations that the Roads Authority made some payments out of Treasury on the pretext that the money would be advance payment for construction of 10 road projects mainly in the Southern Region. The letter, dated 3rd September, 2020 addressed to ACB Director General Reyneck Matemba, alleges that during the campaign period for the fresh presidential election. HRDC alleges that the total…

COVID-19 new cases and its related deaths continue to decline for month of September

September 6, 2020

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| Education, Health, National, News

By Duncan Mlanjira Sunday’s situation report indicates that the downward trend in the numbers new COVID-19 cases and its related deaths continue to decline six days into the month of September. In the past 24 hours, only three new COVID-19 cases were registered with no new deaths as well as no new recoveries. All the new cases were identified at the Mwanza border during routine screening and they are truck drivers (two Mozambicans and one Malawian) who were heading to Blantyre….

Centre for Democracy asks Chakwera to censure Harry Mkandawire

September 6, 2020

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| National, News, Politics

By Duncan Mlanjira Centre for Democracy and Economic Development Initiatives (CDEDI) has asked President Lazarus Chakwera to publicly censure and distance himself from the retrogressive and highly insensitive remarks his Malawi Congress Party (MCP) vice-president for the North, Harry Mkandawire made over the weekend at a political rally held in Karonga. CDEDI says it is in receipt of and shocked of Mkandawire’s remarks captured in an audio which has now gone viral on social media, in which he is…

NICO Holdings posts K21bln profit before tax for 2019: 2020 half-year profit after tax is at K7.64 bln

September 5, 2020

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| Business, News

By Duncan Mlanjira NICO Holdings Plc has posted K21 billion as profit before tax for the year ended 31st December, 2019 — up from K16 billion made in 2018 and representing a growth rate of 34% growth year on year. And from the results, the company’s board of directors has declared K469 million as dividend for its shareholders at 45 tambala per share. This was disclosed during the company’s annual general meeting (AGM) held virtually on Friday in line…

Maravi Asian Development Association also denounces Assets Authority’s regulations

September 5, 2020

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| Business, National, News

By Duncan Mlanjira Maravi Asian Development Association (MADA), that represents minority businesses in Malawi, have also denounced the draft Public Procurement and Disposal of Public Assets (Administration of Preferential Treatment) Regulations 2020, describing it as unconstitutional. MADA has joined some concerned citizens, who have also written a petition to the PPDA to remove the expression that states that all bids submitted for national competitive bidding must give preference to 60% Indigenous Black Malawians and 40% to others, describing the…

Downward trend in COVID-19 new cases and related deaths continue to be much lower in past two weeks

September 4, 2020

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| Health, National, News

By Duncan Mlanjira From the 375 COVID-19 tests that have been done in the past 24 hours of Friday, the country registered no new COVID-19 related deaths and this has been the trend four days into the month of September. In his situation report, co-chairperson of the presidential taskforce on COVID-19, Dr John Phuka as of Friday evening, Malawi has registered 15 new cases and 17 new recoveries as the downward trend in number of new cases and…

Concerned citizens ask Public Procurement and Disposal of Assets Authority to remove ‘racist’ expression from circular

September 4, 2020

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By Duncan Mlanjira Concerned citizens have written a petition to the Public Procurement and Disposal of Assets Authority (PPDA) to remove the expression that states that all bids submitted for national competitive bidding must give preference to 60% Indigenous Black Malawians and 40% to others. The concerned citizens, who are of Asian origin, coloureds, whites and people living with albinism, contend that the wording ‘Indigenous Black Malawians’ that is in the circular borders on racism. The petition says: “In…

Economic growth projected to fall to 1.9% in 2020 from an initial estimated growth rate of 5.5%

September 4, 2020

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| Business, National, News

By Duncan Mlanjira President Lazarus Chakwera told Parliament on Friday in his first State of Nation Address (SONA) that the country’s economic growth measured by the Gross Domestic Product (GDP), is projected to fall to 1.9 percent in 2020 from an initial estimated growth rate of 5.5 percent for the year compared to the 5.0% growth rate achieved in 2019. He attributed this as due to the impact of political uncertainty and instability, occasioned by the rigged elections of…

Government embarks on a job creation to honour the one million jobs pledge

September 4, 2020

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| Business, National, News

By Duncan Mlanjira President Lazarus Chakwera’s Tonse Alliance-led government has embarked on a job creation initiative which was promised for one million jobs in their first year in office promised during the fresh presidential election, Chakwera said to realize this, government has and are treating the creation of a conducive environment for further job creation as an ongoing and multi- sectoral effort. “We are currently consulting with and collecting data from key stakeholders for use in our ongoing assessment…