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RBM develops improved and modernised monetary policy frameworks

November 21, 2019

By Duncan Mlanjira The Reserve Bank of Malawi (RBM) has over time, developed an improved and modernised monetary policy frameworks, tools and instruments consistent with the prevailing structure and operations of the financial system. RBM Governor Dalitso Kabambe said this on Monday during the Monetary Policy Conference at Nkopola Lodge in Mangochi, saying, there are currently three notable monetary policy frameworks that have been developed and are being used extensively. “These include; the Exchange Rate Targeting, Monetary Aggregate Targeting…

All set for Malawi Africa Science Week celebration

November 21, 2019

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By Chipambano Mbewe Organisers of this year’s Africa Science Week (ASW) have said preparations for the third edition of the Next Einstein Forum (NEF), which is an initiative of the African Institute of Mathematical Science (AIMS), is set and that the weeklong celebration is expected to take place in the country from November 27 to December 1, 2019. Malawi has joined a total of 35 countries in the Africa Science Week whose period starts from October to December every…

UNDP, BCC applaud 14 Trees Malawi’s soil stabilised bricks production programme

November 21, 2019

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By Chipambano Mbewe Malawian company, 14 Trees has started production of soil stabilised bricks called Durabric, as well as offering the integrated housing solutions called Durabric Homes — which are made up though a combination of soil, sand and cement without burning them in a kiln. The United Nations Development Programme (UNDP), together with Blantyre City Council, have applauded this initiative, saying it will play a bigger role in mitigating deforestation in the country. The 14 Trees Malawi, which…

Plan International Malawi mobilizes Mulanje girl child for career talks

November 21, 2019

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By Caroline Nyekanyeka Plan International Malawi Mulanje programme area mobilized girls from four secondary schools and gave them an opportunity on Wednesday to visit various corporate companies and hospitality institutions in the district for career talks. This is a continuation of the commemoration of the International Girl Child Day, which falls on November 11 that empowers school girls worldwide to pursue their dreams. This is being done under the Plan International’s global theme of GirlsGet Equal campaign and Mulanje…

Machinga’s Nthorowa Village applauds ESCOM for awareness campaign on safe use of power

November 21, 2019

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By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM) is on two weeks-long tour of various parts of Machinga, where it has just supplied power, to sensitive them on how to apply for their service and how they should safely use power. At Nthorowa Village in Traditional Authority (TA) Mlomba, leader of the team, Precious Mpekasambo first addressed the gathering, saying the awareness campaign is very important, especially on its safety usage because electricity power can be dangerous. In…

Sanitation workers’ health and lives at risk in developing world

November 21, 2019

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| Health, National, News

By Duncan Mlanjira An extensive global study by International Labour Organisation, WaterAid, World Bank and World Health Organization reveals that millions of sanitation workers in the developing world are forced to work in conditions that endanger their health and lives. The study was unveiled during the commemoration of World Toilet Day under the theme ‘Leaving No One Behind’, which says despite providing an essential public service, these workers are often the most marginalised, poor and discriminated against by members…

Four Chinese nationals in for illegal fishing in Lake Malawi National Park

November 21, 2019

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| National, News

By Alice Chunga Lilongwe, November 20, Mana: The Department of National Parks and Wildlife this week arrested four Chinese nationals for being found illegally fishing one of the endangered species, Cichlid fish (Mbuna), in Lake Malawi National Park. The accused are Cui Xu (51), Wu Zhou (40), Hong Peng (38) and Hai Jang (29). All the suspects are staff members of Furen Group Limited situated in Limbe, Blantyre. A statement filed by Assistant Parks Officer, Emma Banda highlighted that…

First Malawian, a woman, shortlisted for Africa Prize for Engineering Innovation

November 21, 2019

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By: Gabi Falanga For the first time ever, a Malawian has been shortlisted for the Africa Prize for Engineering Innovation, run by the UK’s Royal Academy of Engineering, which recognizes ambitious African innovators who are developing scalable engineering solutions to local challenges. The 16-strong shortlist was announced today in Cape Town, South Africa. Catherine Chaima – one of six shortlisted women – developed Cathel, an affordable antibacterial soap made from agricultural waste and other plant-based extracts. This year’s shortlist…

Security vs beauty and marketing

November 21, 2019

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| National, News

Pics and text by Govati Nyirenda. Shops in Lilongwe have lost their beauty to security. Windows which used to attract customers for window shopping are no longer there. Due to recent looting of shops during demonstrations, shop owners have replaced glass windows with iron sheets or block-boards. Some have even used card boards to cover their windows, almost bringing to an end the tradition of window-shopping to an extent of eroding the beauty of the shops and the Capital City….

RBM’s Monetary Policy Conference tackles crypto-currencies

November 18, 2019

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By Duncan Mlanjira Digital means of financial means of payments are slowly replacing traditional cash-based system through various innovative solutions in the financial technology (Fintech). This was said by Minister of Finance, Economic Planning and Development Joseph Mwanamveka at the Monetary Policy Conference organised by the Reserve Bank of Malawi (RBM) on Monday, November 18, at Nkopola Lodge in Mangochi, whose theme was ‘Crypto-currencies and Monetary Policy in Malawi’. Mwanamveka said crypto-currencies, being the latest form of digital currency…