Mangochi Police urge public to adhere to safety measures during festive season

* Plans intensive foot and vehicle patrols during the day and night, with officers deployed at strategic points in busy areas * Particularly in all four trouble corners including M’baluku, Market Square, Mankhwala and Soko areas By Duncan Mlanjira Police in Mangochi District are appealing to the public to strictly adhere to safety measures when visiting beaches and other recreational areas along Lake Malawi during the festive season. A statement from public relations officer, Inspector Amina Tepani Daudi takes…

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CDH Investment Bank invests in innovation and student development initiatives for LUANAR

* Injects US$9,650.27 designated for awarding winners of the Falling Walls Lab competition and supporting the university’s efforts in protecting intellectual property rights for innovative projects * Marks CDHIB’s ongoing partnership with LUANAR, aimed at helping the university achieve its strategic objectives, whose memorandum of understanding (MoU) between the two institutions was signed in 2023 By Duncan Mlanjira CDH Investment Bank (CDHIB) has reaffirmed its commitment to advancing innovation and supporting talented students by injecting US$9,650.27 to Lilongwe University…

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CFTC warns that the festive season has potential to be accompanied by widespread violation of consumer rights

* Thus warns all traders against engaging in unfair trading practices with the intention to exploit consumers * As CAMA calls on all consumers to be vigilant and assertive when making any plans to spend the scarce resources available * This is the time than ever before we need to be extra careful on the market, exercise prudent judgment on any purchases, and manage your scarce resources wisely By Duncan Mlanjira As Christmas and New Year festive season is…

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What South Korea did right

* In the early 1960s, South Korea was a wartorn, aid-dependent country with very limited natural resources * Estimates place South Korea’s GDP per capita in 1961 at roughly US$82-100 — a level below that of Malawi, Ghana, or Kenya at the time * The economy was predominantly agrarian, unemployment was widespread, and foreign aid financed a significant share of public expenditure * Six decades later, South Korea is a high income economy with GDP per capita exceeding US$33,000,…

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Airtel Money partners with agricultural input suppliers Farmers World to power cashless shopping across Malawi

* With 90 shops across the country, Farmers World serves both retail customers and farmers, combining trusted global partnerships, strong local expertise, and customer-centric innovation to support sustainable agricultural productivity and economic growth across Malawi By Duncan Mlanjira Airtel Money, Malawi’s leading mobile money service, has partnered with agricultural input suppliers, Farmers World to introduce a seamless digital payment solution — a collaboration that enables customers to pay for goods conveniently and securely using Airtel Money across 90 of…

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Standard Bank Group becomes 1st African bank to directly participate in China’s Cross-Border Payment System

* The system is designed to provide a more efficient, low-cost, and convenient way to conduct international RMB payments * And serves as an alternative to the global SWIFT network for Chinese currency, Yuan-denominated transactions By Duncan Mlanjira Standard Bank Group has become the first African bank to participate directly in China’s Cross-Border Interbank Payment System (CIPS), a major milestone in facilitating Africa-China trade. In a statement from Lilongwe, Standard Bank Malawi indicates that the system is designed to…

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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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Three teams to fight for 2nd and 3rd places of NBS Bank NDL once Red Lions clinch the title

* Red Lions officially sealed their return to the TNM Super League after defeating Bangwe All Stars 1-0 at Balaka Stadium last Sunday * And now they just need three more points to be crowned champions of the inaugural league By Duncan Mlanjira Three teams, runners-up Baka City with 35 points; Mitundu Baptist (3rd/29pts) and Namitete Zitha (4th/29pts) will fight for 2nd and 3rd places once leaders Red Lions clinch the NBS Bank NDL title National Division League (NDL)….

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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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Leaders Silver Ladies on road to face bottom of the table Topik Academy in NBM Women’s Premiership Match Week 13

* The Silver Ladies have 33 points while Ascent Soccer have 26 and on 3rd place are Mighty Wanderers Queens with 20 points * Who host 7th-placed Kukoma Ntopwa Women (18 points) at Mpira Stadium from 10h00 on Saturday By Duncan Mlanjira Silver Strikers, who opened a 7-point lead after beating runners-up Ascent Soccer last week at home, are on the road to face rock bottom of the table Topik Academy at Mzuzu Stadium, while Ascent are at home…

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