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Reserve Bank stirs Mangochi in ‘cashless society’ awareness campaign

October 6, 2019

By Duncan Mlanjira After holding a conference at Sun ‘n’ Sand on the drive to impress on financial services stakeholders to accelerate the shift from paper-based payments instruments, such as cash and cheques to electronic based services, the Reserve Bank of Malawi (RBM) took the cashless awareness campaign through the streets of Mangochi on Saturday. The awareness campaign started with a march from M’mbaluku led by the members of staff from RBM and various financial service that was spiced…

Malaysia legalises Marijuana for medicinal and research purposes

October 5, 2019

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| Health, News

By Duncan Mlanjira Malaysia government has legalised the growing of Marijuana (cannabis) only if permission is first obtained from the health ministry and it is for medicinal and research purposes. A report quotes Malaysian National Anti-Drugs Agency director-general Datuk Seri Zulkifli Abdullah as saying there was room in the Dangerous Drugs Act 1952 for the cultivation of cannabis for said purposes, with the condition that prior permission is obtained. He added that its cultivation should be strictly controlled so…

Cheque payments decline both in volume and value — Reserve Bank

October 5, 2019

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| Business, News

By Duncan Mlanjira The Reserve Bank of Malawi (RBM) Governor Madalitso Kabambe says that more economic agents are preferring digital financial services than the use of cheques in their businesses. Kabambe said this during a conference at Sun ‘n’ Sand in Mangochi where RBM gathered digital financial service stakeholders to appraise them on its drive to to accelerate the shift from paper based payments instruments, such as cash and cheques to electronic based services. “Cheques have maintained a declining…

IPID probes shooting of two cops suspected of KwaZulu-Natal post office robbery

October 5, 2019

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| International, News

The Independent Police Investigative Directorate (IPID) launched an investigation into the shooting of two KwaZulu-Natal police officers who were accused of robbing a post office. “IPID are currently at the scene. This is a developing story. Nobody is arrested (sic),” IPID spokesperson Sontaga Seisa said on Thursday. According to police, the officers – a male sergeant and female constable – were spotted by a team that included the Hawks, National Intervention Unit and others while conducting operations in the…

Reserve Bank implements automated trading system for Malawi Stock Exchange

October 4, 2019

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| Business, News

By Duncan Mlanjira The Reserve Bank of Malawi (RBM) has implemented Automated Trading System (ATS) for Malawi Stock Exchange which is linked to its Central Securities Deposits (CSD), which keeps details of the securities unlike in the past when trading and recording of securities was all manual. This was disclosed by RBM Governor Madalitso Kabambe on Wednesday during a conference at Sun ‘n’ Sand in Mangochi where RBM gathered digital financial service stakeholders to appraise them on its drive…

Reserve Bank accelerating shift from paper-based payments to electronic sysyem

October 4, 2019

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| Business, News

By Duncan Mlanjira The Reserve Bank of Malawi (RBM) is on the drive to consolidate the gains from the various innovations in the digital financial services space to accelerate the shift from paper based payments instruments, such as cash and cheques to electronic based services. In that vein, the RBM on Wednesday organised a conference at Sun ‘n’ Sand in Mangochi that attracted digital financial service stakeholders to appraise them that the transaction cost of using cash, whether by…

Time for Malawi football to reap fruits of Nyamilandu’s appointment as FIFA Council member

October 2, 2019

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| News, Sports

By Duncan Mlanjira Football Association of Malawi (FAM) president Walter Nyamilandu has finally come out in the open that he shall seek re-election at the forthcoming annual general meeting on December 20, saying he has unfinished business as he has just recently been elected as a member of the FIFA Council. He says time has now come for the entire Malawi football fraternity to reap the fruits of his appointment as a member of the world football governing body….

MINISTER NAVICHA ANGRY AT PREMARITAL PREGNANCIES

October 2, 2019

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| National, News

Since last week some Media Houses and Social Media outlets were awash with the story of the girl who was believed to be from Machinga District and gave birth to a child and it was further it was reported that girl has 12 years. The girls name is Cecelia Kamwendo and is 14 years old. She comes from Tembenu village, T/A Kooola of Machinga District. She gave birth on third of September and was discharged on fourth of September…

Malawian Taekwondo athlete wins silver medal in London championship

October 2, 2019

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| News, Sports

By Duncan Mlanjira Malawian Taekwondo athlete, Yamikani Guba, who is serving in the British Army, won the silver medal at the London International Open championships held at Lee Valley Athletics Centre on Sunday organised by the Universal Taekwondo Federation (UTF). Yamikani represented his British Army Taekwondo team in the heavyweight category +87kgs, had four KO’s and lost in the extra time of the finals stage. Guba says he is now looking forward to the British National Championships which will…

Vegetable businessman wins Premier Bet K51m pay out from just K150 investment

October 2, 2019

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| News, Sports

By Duncan Mlanjira Vegetable businessmen based in Machinjiri, Blantyre on Wednesday went back home a very happy many when he was presented a K51 million cheque pay out after investing just K150 in 23 tickets of Premier Bet. The 28-year-old Andrew Jordan said he has been betting since 2016 and was only winning small chunks which were satisfactory but never imagined he would ever hit such a jackpot. He said his immediate plans is first to buy his own…