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NICO Group supports Umthetho festival with K35 Million

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NICO Group led by NBS Bank plc and Nico Life has supported this year’s Umthetho Cultural festival with K35 million.

Umthetho is a cultural festival by the Mzimba Ngonis and is celebrated at the foot of Hora Mountain every year.

Speaking after handing over the cheque on behalf of NICO Group on Tuesday, NBS Bank plc Chief Executive Officer (CEO) Kwanele Ngwenya said the Groups’ decision to sponsor the event is driven by the deep commitment to community development, cultural preservation, and social responsibility.

“At NICO Group, we recognize the profound importance of cultural heritage in shaping identities and fostering unity. By supporting this event, we aim to contribute to the preservation and promotion of these invaluable cultural practices that define our collective identity.”

“This sponsorship is part of our larger initiative, One NICO Xpression, which embodies our vision of unity, diversity, and collective growth. By sponsoring the Umthetho ceremony with a K35 million contribution, we are expressing our commitment to these values and enriching our cultural heritage,” said Ngwenya.

Receiving the funds on behalf of Mzimba Heritage Association (MZIHA), 2024 Umthetho Organizing Committee Chairperson, Emma Kaliya thanked the group for the kind gesture.

“On behalf of the MZIHA, I would like to express our heartfelt gratitude to NICO Group for their generous donation. We are pleased to announce that NICO Group will be the main sponsor of our upcoming event, which is expected to draw a large crowd of 3500-5000 people from various districts in Malawi, as well as from neighbouring countries such as Tanzania, Zambia, and South Africa,” said Kaliya.

Some of the activities of this year’s Umthetho festival include workshops for chiefs, women, and the youth, a cultural day with the main celebration on August 3, 2024.

The King of the Zulu Nation, His Majesty Misuzulu Ka Zwelithini is expected to be in attendance.

 The festival is being celebrated under the theme ‘Uniting Against Climate Change Under a Decade of Inkosi ya Makosi Mmbelwa V’s reign’.

Insurance Association to enforce Digital Insurance certificates use by January 1 2025

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Insurance Association of Malawi (IAM) has set 1st January 2025 as the day only digital motor insurance will be accepted on the roads of Malawi.

IAM introduced the digital insurance certificates in October 2023 and has set December 31, 2024 as the last day for motorists to use the pre-printed insurance certificates.

The new certificate is digital and is being issued online, with verification through digital processes.

IAM vice president, Wales Meja said in an interview yesterday, that they introduced digital motor certificates to address emerging trends like ensuring that all insurance companies use a unified system and database which makes data verification easier. 

“It is also a way of supporting the initiative to digitise the Malawi economy, apart from eliminating fraudulent motor certificates through digital verification, and preventing forgery. The digital certificates also enable insurance companies, and agents to sell online 24/7. It also makes it easy for law enforcement agencies to detect stolen vehicles during spot checks.”

“The new certificates are also capable of integrating with other systems, such as Maltis, NRB, and banks, to make business transactions more efficient,” said Meja. 

Meja, who is also Chief Executive Officer (CEO) for Britam, then commended motorists for embracing the new digital certificates, but asked them to install a mobile application downloaded from Play Store or App Store, and also use USSD code *4273* to authenticate the certificates.

Mzuzu-based motorist, Gift Mnami commended IAM for the initiative saying it is fast and convenient to access the digital certificates online.

“This system enables us to access certificates online, significantly reducing the time and costs previously spent visiting insurance companies,” he said. 

The digital insurance certificate, which is displayed on the windscreen, similar to the Certificate of Fitness (COF), has features like the certificate number, vehicle registration number, vehicle chassis number, make and model of the vehicle, vehicle colour, vehicle seating capacity, picture of the vehicle’s body type, insurance policy duration, policy issue date, policy number, policy holder, insurance cover type, and vehicle usage.

FRESH DEMANDS FOR KUNKUYU TO GO OVER MURDER

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By Our Reporter

Kunkuyu:Huawei is fostering the growth of ICT industry in the country

There are fresh calls for Malawi’s Minister of
Information and Digitization Moses Kunkuyu to either resign or be sacked over the murder of former Coca-Cola Beverages Company (Malawi) sales manager, Alan Wittika.

It is alleged that Kunkuyu and the late Wittika may have been seeing the same lady without each one of them knowing. This development may have led to the gruesome murder of Wittika in September, 2023 after a possible discovery by Kunkuyu that the lady might have also been in a relationship with the deceased.

Currently, Kunkuyu’s personal assistant Lester Maganga is facing murder charges in the High Court after he was arrested by Police in October last year. However, there has been less movement on the case due to suspicion that Kunkuyu may be pulling some strings behind the scenes in order to have the case stalled completely.

The slow movement of the case has angered some members of the civil society in Malawi who are now calling for the immediate resignation of the Information Minister or have him sacked from his post by the President.

“The slowness in the case is clearly too suspicious and people know that Kunkuyu is working behind the scenes to have the case thrown away. He is abusing his position because of his personal interests,” said a CSO member who didn’t want to be mentioned for obvious reasons.

The rights activist said that the fact that they arrested his personal assistant, it meant the Minister was obviously linked to the murder in one way or another.

Interestingly, instead of allowing the courts to do their work on the murder of Alan Wittika, Minister Kunkuyu has always given media interviews defending his PA Maganga as being innocent.

“Kunkuyu definitely knows something on the death of Wittika and he must be taken to task over that. Just like his PA who we believe is suffering in covering up for the Minister,” he said.

The human rights defender called upon President Lazarus Chakwera to consider firing from the cabinet Minister Kunkuyu with immediate effect. He said they will not rest until the late Wittika and his family get justice.

“He is a disgrace to the public and the government as a whole,” he concluded.

A Lilongwe based legal expert specializing in forensics, said that his preliminary findings show that Moses Kunkuyu definitely requires to answer some questions on the murder of late Wittika.

“The fact that his PA was arrested over that murder, it tells you now that likely the big fish wanted in the murder of late Wittika is actually Kunkuyu himself,” said the expert who has been involved in at least 17 murder cases before.

This is not the first time that Moses Kunkuyu has been involved in some form of controversy.

In 2008, Moses Kunkuyu allegedly got kidnapped by some unknown people.

However, investigations by the Malawi Police Service later concluded that Moses Kunkuyu lied to the Malawian public.

He is reported to have spent several days at Kanjedza Lodge faking up his abduction. He was sleeping Room 120.

ShareWORLD University to Launch Campus Radio

Lilongwe, Malawi – ShareWORLD University is set to launch its new campus radio station, ShareWORLD Radio, within the Faculty of Languages and Mass Communication.

The radio station aims to foster a sense of community, creativity, and inclusivity, providing a platform for faculty, staff, and the community to share their voices and talents.

According to a press statement, ShareWORLD Radio will offer diverse programming, including music, news, current affairs, and talk shows on various topics such as wellness and mental health, human rights, and social justice.

The station will also host podcasts on academics, research, innovation, creativity, and entrepreneurship, providing students with hands-on experience in broadcasting, journalism, and media production.

“We are excited to introduce this new platform to our university community,” said Dr. Theodora Mapemba Musamba, Vice Chancellor of ShareWORLD University.

“Campus radios have a long history of fostering creativity, community, and freedom of expression. We look forward to the innovative content our volunteers and students will produce.”

The radio station will be managed by a team of students, community volunteers, and staff, under the guidance of the ShareWORLD Radio Editorial Board.

The motto of ShareWORLD Radio is “Sharing with others: Culturally Correct!” or “Kugawana ndi Wena ndi Chikhalidwe Chathu” in local translation.

ShareWORLD Radio will broadcast within a 50-kilometer radius and will also be available on digital platforms nationwide and beyond. The launch of the radio station is set to take place soon, with details to be announced in the coming weeks.

This new initiative is expected to enhance the university experience for students, faculty, and staff, while also providing a unique opportunity for community engagement and outreach.

Let’s save Malawi, new Lingadzi Rotary President Kakhome urges

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The newly elected President of Lilongwe Lingadzi Rotary Club Limbani Kakhome has appealed to fellow Rotarians to work hard towards restoring Malawi’s glory through their charitable community works.

He was speaking during his official inauguration as President of the club on Saturday. He succeeds immediate past President Giorgia Prizzon.

Kakhome said Malawi is stalked by a series of cyclic of socio-economic and environmental challenges with trickle-down effects on Lilongwe, the administrative capital where Lingadzi Rotary Club operates.

“Our city Lilongwe bears the brunt of the country’s socio-economic challenges, and the scars of environmental decadence. To salvage the welfare of our communities and save both city and country, we as Rotarians can only act responsibly and swiftly,” he said.

He urged Rotarians under Lilongwe-Lingadzi to evoke the spirit of fellowship, integrity and diversity in driving Lilongwe city towards a brighter, more interconnected world.

“For us Rotarians, embracing the spirit of service and fellowship means acting responsibly to respond to the challenges that affect our society,” Kakhome said.

Kakhome is a seasoned marketer and commercial strategist currently working for tobacco company JTI Leaf Malawi as Director of Corporate Affairs and Communication.

He brings over 20 years wealth of expertise to his new role having worked in commercial operations at multinational companies in Malawi, Ethiopia and Switzerland. Some of the companies Kakhome has worked for include Coca Cola/Carlsberg and Celtel (now Airtel).

He added that his personal experiences, including the loss of his wife to Breast Cancer in 2023, added to his passion to make a meaningful impact in his community.

“Her passing reinforced in me the importance of living a life of purpose and service to others,” he said, adding; “I am dedicated to honouring her legacy through my work with Lilongwe-Lingadzi Rotary Club, and fostering community development by promoting socially and environmentally responsible causes.”

As new Lilongwe-Lingadzi President, Kakhome’s priorities will include increasing membership, supporting local charities, promoting community development projects, and advocating for gender causes.

CHITHYOLA’S FINANCIAL CONTRIBUTION IN A BY-ELECTION HAILED BY MANY

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By Our Reporter

Leading Malawi Congress Party (MCP) contender for the post of Secretary General Simplex Chithyola Sed Banda has been praised for his financial contribution in Blantyre’s Chilaweni Ward as an example of good servant leadership as demonstrated by President Lazarus Chikwera.

Chithyola Banda, who is also the country’s Minister of Finance contributed a Mk5 million cash injection into the campaign of MCP candidate for Chilaweni Ward, Benard Nteche.

The popular incoming Secretary General of the MCP is reported to have contributed the Mk5 million in order to help the candidate campaign without serious challenges in the by-elections that took place on Tuesday.

Although Nteche didn’t win in the by-elections, party officials in Chilaweni Ward have praised Chithyola Banda’s financial contribution that it has made a very big difference in making the campaign process move on smoothly.

“To get a Mk5 million financial boost from Chithyola Banda things were made easier for our candidates in the ward and this has resulted in our party competing favourably in the polls,” said an MCP NEC member.

He further appealed to the Minister of Finance to do more in assisting the party.

“Chithyola Banda is known for his kindness and we hope that this behavior will continue event after the Convention in August,” he said.

Simplex Chithyola Banda, who is also the MCP Member of Parliament for Kasungu South is seeking a vote to be elected as the next Secretary General of the ruling party.

Apart from being MP, Chithyola Banda is also the Deputy Chief Whip of the MCP in Parliament.

Achoke ! vigils on the cards at Capital Hill….Executive arrogance and impunity a threat to Democracy- CDEDI

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By IOMMIE CHIWALO

The Centre for Democracy and Economic Development Initiatives (CDEDI) and other concerned citizens are planning to hold vigils tagged: ‘Executive impunity and arrogance
must fall,”.

In a notification letter addressed to Lilongwe District Commissioner, Lawford Palani, the organisers are planning to hold the vigil right at the Ministry of Finance offices at Capital Hill from Thursday, August 1, 2024 from 10:00am to 2:30pm, during working
days until Dr. Betchani Tchereni apologises or resigns.

The notice follows the expiry of seven days which CDEDI gave to the Secretary for Treasury (ST) Becthani Tchereni on July 8, 2024, stemming from his highly insensitive and careless sentiments that were filmed in a clip.

Tchereni, according to the concerned citizens, is believed to have unfairly accused Malawians of blackmail, just because they are holding the duty bearers accountable by demanding what is worth of their votes.

“It should be put to you Sir, that Dr. Tchereni’s sentiments pose a threat to our young democracy since he is trying to create a leeway for politicians to do as it pleases them, in total disregard of the spirit and wording of Section
12 of the Republican Constitution, which states that both legal and political authority derives from the people of Malawi and that those exercising such authority do so solely to serve and protect their interest,” reads the letter signed by CDEDI Executive Director Sylvester Namiwa, Zainab Hassan, Stevelia Chasuluka and Willie Chikopa who are representatives of concerned citizens.

The grouping says that the deafening silence on CDEDI’s demands for Dr. Tchereni to withdraw his sentiments and make a public apology on the same, has given them reasonable grounds to believe that the ST is too arrogant to continue serving in a public
office.

The letter has also emphasized that holding peaceful demonstrations is a constitutional right, therefore, the letter only seeks to notify the District Commissioner’s office and not seeking permission.

MCP FIRES WARNING SHOT TO DPP

WILL WIN 70 +1

The ruling Malawi Congress Party (MCP) under President Lazarus Chakwera has fired a warning shot to the country’s main opposition the Democratic Progressive Party (DPP) of Professor Arthur Peter Mutharika that it is destined for victory in next year’s General Elections.

MCP chief strategist Ken Zikhale Ng’oma has told this reporter that his prediction is that they will walk away with a 70+1 victory in the September, 2025 polls.

Ng’oma, was speaking after it emerged that the MCP had once more won a hotly contested local government by-election in Mangochi Mwansa Ward.

In his reaction, Zikhale Ng’oma also known as Nyama Zikuluzikulu to those that follow and support him said the writing is now on the wall for the opposition to be preparing for a loss in the elections come September next year.

“You have seen we have won by-elections in the South, in the Central, in the North and now Eastern region. What other evidence do you need to prove that the MCP is spread nationwide?” questioned Ng’oma who is the party’s current Director of Strategic Planning.

He further warned the opposition led by the DPP that they shouldn’t waste their resources in investing in next years elections saying it will be an activity in futility.

“Even if DPP decides to go for alliances with other smaller parties in the country, they will not beat the MCP because we have invested heavily in human resource whose results we are seeing now,“ Ng’oma declared.

According to unofficial results from Mwansa Ward in Mangochi the MCP has won the seat there beating the DPP, UDF, UTM, PDP and UP.

According to the unofficial figures, even if the five above listed parties combined, their total vote numbers gotten in the by-elections are lower than what the MCP candidate got meaning he would have still remained victorious.

A political analyst based at the Catholic University has warned the opposition to put their house in order otherwise they should be preparing for another shock loss next year.

“The combination of Ken Zikhale Ng’oma, Richard Chimwendo Banda and President Lazarus Chakwera himself politically is very deadly now especially in the Eastern and Southern Regions,” he said.

The analyst attributed Chakwera’s humbleness, gentle and dynamic leadership as key attributes that will make it easy to sell Chakwera across the country ahead of next year’s General Elections.

“With the MCP going to a convention in August next month, I am just hoping that both Richard Chimwendo Banda and Ken Zikhale Ng’oma will excel in the polls because their combination has been seen to bring the much desired results to the party,” concluded the analyst.

According to campaign posters we have seen in public domain, Richard Chimwendo Banda, who is also the country’s Minister of Local Government is seeking the post of Secretary General of the Malawi Congress Party whilst Ken Zikhale Ng’oma who is also the country’s Minister of Homeland Security is contesting for the post of First Vice President.

As we went to press, we couldn’t get a reaction from the DPP who have lost both the Mangochi Wansa Ward and the Blantyre Chilaweni Ward.

INCOMING MCP SG CHITHYOLA COMMITS TO SETTLE HEADQUARTERS BILLS, PRESENTS NOMINATION PAPERS

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They came from far and wide in their large numbers to escort the man of the moment, Simplex Chithyola Sed Banda as he presented his official nomination papers at the headquarters for the ruling Malawi Congress Party (MCP).

With the official presentation of the nomination papers on the colourful and memorable Saturday, Chithyola Banda has now entered the race and is due to likely be confirmed as the new Secretary General of the MCP in just a few weeks.

Wearing red t-shirts and golf shirts branded “Team Chithyola”, chanting praise and celebratory songs for Chithyola Banda, the grouping mainly made of youths escorted the next MCP Secretary General triumphantly into the building where he handed his documents to the returning officers.

After the official presentation of the papers was done, Chithyola Banda had no option but address the hugely enthusiastic crowd that came to be with him to witness the ceremony.

In his address, Chithyola Banda said that the presentation of the nomination papers meant that he is now fully in the game and no need to reverse anymore.

He said that because of the people’s support and trust they have given him, he is no longer afraid of anybody.

“Even if they create more propaganda against me, I am not ready to quit but soldier on. Even if it means my competitors teaming up together, I don’t fear them as I am now ready to take them head on,” he told the excited crowd.

As generous as he has always been, Chithyola Banda said that he is ready to settle all the bills that have accumulated over the years at the MCP headquarters. The bills include water, electricity and city rates.

Chithyola Banda further promised that once he is ushered in as Secretary General, the youths will be one of the beneficiaries of his leadership as they play an important role in as far as party matters are concerned.

In his remarks, MCP Central Region Chairman Zebron Chilondola said that Simplex Chithyola Banda is the only person who can lead a unified MCP.

Chilondola therefore called on all the youths to work hard and ensure that Chithyola Banda is elected Secretary General.

During the occasion, Simplex Chithyola Banda was accompanied by over 20 Councilors and some MPs.

Simplex Chithyola Sed Banda will be contesting as Secretary General at the next Malawi Congress Party Convention scheduled for 8th August this year.

He has already received overwhelming endorsements from all the political regions will all delegates pledging and committing themselves to vote for him as Secretary General.

MUMBA ‘ABANDONS’ WOMEN DANCERS AND MOTOR BIKE RIDERS, THEY CRY FOUL

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The ruling Malawi Congress Party (MCP) aspiring candidate for the First Vice President post at next month’s convention Vitumbiko Mumba on Sunday is reported to have abandoned people that he hired to dance for him and motor cycle riders to decorate his convoy.

This happened in the city of Mzuzu where Mumba launched his manifesto for the position.

Police, had to be called in to calm the situation down after the two groups started pelting stones at the MCP’s Regional Offices in Mzuzu.

It is reported that over 50 MCP women were hired by Mumba to dance for him during the launch and the motor cycle riders were invited in to decorate his convoy and both activities were agreed at a fee.

However, after the event, payments were not done and this pissed off the women and the young men resulting in the decision to vandalize the MCP office.

Speaking to this reporter, a woman who was part of the group (video supplied) said that they spent the entire Sunday doing activities for Mumba in dancing and ululating for him as agreed for a fee.

However, soon after the rally, they were abandoned and not paid anything as per their agreement.

The woman indicated that the said the same was agreed for the motor vehicle riders and they were also not paid.

The two groups didn’t take any nonsense and agreed to stone the MCP building until they were paid.

As of Sunday evening, we couldn’t hear from Vitumbiko Mumba for his side of the story as his phones couldn’t be reached.

NBM PAL engages Blantyre clients on Pension Act

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NBM Pension Administration Limited (NBM PAL), a subsidiary of National Bank of Malawi (NBM) plc, has encouraged individuals to make informed pension choices so that they have a solid financial backup when they retire. 

NBM PAL Chief Executive Officer (CEO), William Mabulekesi gave the advice during the pension client engagement event in Blantyre on Wednesday aimed at promoting awareness and understanding of financial planning and management.

“The aim was to educate our clients about the significance of saving as they plan for retirement. We also wanted to empower them with pension scheme knowledge as it helps in planning for the future,” he said.

Mabulekesi further indicated that the seminars which started in Lilongwe last week, gave them a chance to unpack the new Pension Act to the clients, especially those on voluntary saving for retirement. 

“Under the new law, 40 percent of voluntary savings can be withdrawn after five years and then 100 percent after 10 years. This is very important for the clients to know,” he added.

He further said that they also announced to their clients the income investment growth to 42 percent in 2023 from 27 percent in 2022. 

Human Resources and Administrative Manager at United General Insurance (UGI), Katija Mataya commended NBM PAL for the sessions. 

“The session gave us an opportunity to capture the contents of the new Pension Act as NBM PAL unpacked the law,” he said. 

The theme of the event was ‘Making a Good Pension Choice.’ 

A record 2,334 to run at 2024 Be More Race

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Lilongwe July 18, 2024 -Over 2,300 runners are preparing to hit the track on Saturday during this year’s long-awaited Be More Race hosted by Standard Bank Plc in Lilongwe.

The figure of 2,334 runners in the 2024 race under the theme; “Why We Run”, is the highest since 2017 when the signature Lilongwe Half-Marathon was hatched by Standard Bank Plc to promote wellness and networking by communities, families, and professionals.

Head of Brand and Marketing Tamanda Ng’ombe says the Bank is thrilled by the overwhelming response this year’s race has generated and is all set to host a memorable race which will raise funds towards the Children’s Learning Centre of the Pediatric Cancer Ward of Kamuzu Central Hospital in Lilongwe.

“Marathon enthusiasts and other stakeholders can look forward to an exciting race and colorful prize presentation on Saturday. Apart from events on the 21-km track, we have prepared a music performance by Saint Realest, one of the country’s leading afro-dancehall artists, an aerobics session, group games. For the family, people can look forward to a children’s play area in addition to healthy light foods drinks and lots of rehydrating beverages,” said Ng’ombe.

She thanked the race’s partners and sponsors who include Athletics Malawi, Coca Cola Beverages Africa, Mwaiwathu Private Hospital and Beyond Bounds Physiotherapy Clinic for coming forward to join Standard Bank Plc put together what promises to be a memorable and exciting half marathon morning.

This year’s race categories are 5KM, 10KM, and a half-marathon of 21KM catering to all runners.

“As a cornerstone of our commitment to community engagement and promoting healthy lifestyles, Standard Bank has spared no effort to ensure this event will be a resounding success. Therefore, athletes will compete in the three main categories,” said Tamanda Ng’ombe, Standard Bank’s Head of Brand and Marketing.

Meanwhile, Athletics Malawi (AM) has commended Standard Bank for creating a platform that is promoting development of athletes and putting Malawi on the map through Be More Race.

“The Be More Race has consistently fostered the growth of athletics in Malawi. Last year for instance saw Malawian athletes breaking the dominance of international runners, a trend they are determined to uphold this year,” said Kondwani Chamwala, AM President.

He added prominent distance runners across the country will arrive in Lilongwe to tackle Be More Race, citing Chikondi Mwanyali, South African-based Mphatso Nadolo, Mulanje-based Tereza Master, Doris Fisher and Nalice Chirwa from Mzuzu.

Chamwala said AM will provide comprehensive technical expertise to ensure that Be More Race maintains its international competition standards and that participants enjoy a professionally prepared track rout and timing services.

Overall, N’gombe said; “We are happy to bring the 2024 Be More Race to life and provide amazing experiences to participants. Through initiatives like these, Standard Bank aims to strengthen our relationships and contribute positively to the well-being of our customers.”

The 2024 Be More Race was shifted from June 15 to July 20 in honour of former Vice President Dr Saulos Klaus Chilima who died in a plane accident in Mzuzu. Chilima was a regular participant of the race.

Review borrowing, AIP- MCCCI advises government

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Malawi Confederation of Chambers of Commerce and Industry (MCCCI) President Wisely Phiri has advised government to revisit its borrowing, arguing the current state of affairs stands in the way of production for wealth generation.

Speaking in an interview over the weekend, Phiri noted that banks in the country prefer to lend to government which borrows for consumption, not for production as does the private sector.

The MCCCI president proposes that government cut down on borrowing as the first step towards bailing the economy.

“First, government should reduce borrowing, especially for small scale farm input subsidy which is just for consumption. If anything, government should borrow to finance mega farming.”

“When supported, the mega farms will produce for sale, thereby boosting their businesses which will eventually translate into job creation for many,” argued Phiri.

According to Phiri, Malawi loses out by investing billions in a farm input subsidy programme in which beneficiaries do not realise enough harvest, obliging government to procure food for free distribution to such people.

In the 2023/24 financial year, government budgeted K117 billion for the Affordable Inputs Programme.

The MCCCI president also lamented high interest rates on bank loans which are a burden for local businesses but ‘manageable’ for government.

In February this year, Minister of Finance and Economic Affairs Simplex Chithyola Banda acknowledged Malawi’s debt burden.

“Malawi’s public debt is unsustainable, and the Government has been working to sustain debt through fiscal adjustment and debt restructuring negotiations with its 10 bilateral and commercial creditors,” Simplex Chithyola Banda said.

“As of December 2023, public debt stood at K12.56 trillion, representing 84.8 percent of GDP, of which total external debt reached K6.62 trillion, while domestic debt amounted to K5.94 trillion,” explained Banda.

For years, some experts, including the Mwapata Institute, have been calling on government to review its farm input subsidy programmes, arguing they drain the national coffers.

Former RBM Governor Dr. Kabambe to deliver Public Lecture at Mzuzu University

Mzuzu University is set to host a public lecture featuring Dr. Dalitso Kabambe, former Governor of the Reserve Bank of Malawi, on Saturday July 20, 2024.

The event, which is free and open to the public, will take place at the university’s auditorium.

Dr. Kabambe, a renowned economist and politician, will share his vision for an inclusive and sustainable transformation agenda for the northern region of Malawi.

As former Governor of the Reserve Bank, Dr. Kabambe played a crucial role in providing strategic direction and leadership, ensuring accurate economic advice to the government, and effectively managing fuel prices to avoid inflation.

With a wealth of experience in economics and public service, Dr. Kabambe has held various positions in the Malawi Government Economic Service, including Principal Economist, Chief Economist, and Budget Director.

He also served as Secretary for Foreign Affairs and International Cooperation.

Dr. Kabambe’s academic credentials include a PhD and Master’s Degree in Development Economics from Imperial College – University of London, and a BSc Degree from the University of Malawi.

The public lecture promises to be an insightful event, offering a unique opportunity to hear from one of Malawi’s leading economic experts.

All are invited to attend and engage with Dr. Kabambe’s vision for a more inclusive and sustainable future.

NBM plc gives blood bank fridge to Mangochi hospital

NBM CEO Harold Jiya (right) handing over the ribbon to Dr Victor Kumfunda to mark the official handover of the blood bank fridge

National Bank of Malawi (NBM) plc has donated a blood bank refrigerator worth K40 million to Mangochi District Hospital to address blood storage challenges in the eastern region.

The Bank made a commitment through the Malawi Blood Transfusion Services (MBTS) to secure two blood bank fridges for Mangochi and Mulanje hospitals.

Speaking after the handover ceremony at the hospital on Friday, NBM plc Chief Executive Officer (CEO) Harold Jiya said they were convinced by MBTS to make the donation after noting that blood transportation and storage is the biggest challenge in the region.

“We learnt through MBTS that Mangochi District Hospital struggles to keep blood after collecting due to lack of blood bank fridges which affects the other health centres surrounding the facility.”

“As the ‘Bank of the Nation’, we know that good health is a prerequisite for all other building blocks of any nation, so we thought of helping them. We believe the donation will foster the nation’s development,” said Jiya.

MBTS Acting CEO, Bridon M’baya commended NBM plc for the support saying Mangochi district registered the highest number of people that needed blood transfusion in the region last year. 

“We applaud NBM plc for this support of a blood bank refrigerator. This will help reduce blood challenges in the eastern region. You may wish to know that last year, Mangochi district only asked for 52 percent of the total blood the eastern region needed. Hospitals around the region will no longer have to travel long distances to Blantyre or Balaka to access blood,” he said. 

Director of health and social services for Mangochi, Dr. Henry Chibowa Junior said the hospital conducts about 400 blood transfusions in a month and was heavily affected by storage capacity and the donation is a relief.

“The new blood bank has a capacity of over 600 units of blood, which is a relief. National Bank plc has proven to be a trusted partner and more lives will be saved through this donation,” he said. 

According to Chibowa, Mangochi hospital serves a population of about two million people and is surrounded by seven health centres. 

NBM Pensions investment income excites Lilongwe customers

William Mabulekesi CEO NBM PAL

NBM Pensions Administration Limited (NBM PAL) customers have expressed excitement over the increased investment income declared by the company.

NBM PAL, a subsidiary of National Bank of Malawi (NBM) plc, declared an increase on investment income to 42 percent for the year 2023 as compared to 27 percent in 2022.

Speaking in an interview after a pension seminar in Lilongwe on Thursday, Human Resources Manager at Afro-Egypt Engineering Company, Shungu Nyoni said the investment income declared by NBM PAL is encouraging to almost every customer and they will continue to invest in the company.

“We are working with NBM Pal and so far, so good. Even our employees are satisfied and, we hope this year we will also register an increase,” said Nyoni.

NBM PAL Chief Executive Officer (CEO), William Mabulekesi said they organized the seminar in partnership with NBM Capital Markets Limited to brief customers about the growth in the investment income and other pension related issues.”

“We wanted to interact with our customers and share the exciting news, particularly to sponsoring employers and their respective employees who are the ultimate members and principal beneficiaries of the overall Fund which has continued to grow from strength to strength within recent years.”

“The Fund continues to register exponential growth in investment income and total assets for its participating members,” said Mabulekesi.

NBM PAL will hold a similar seminar for its Blantyre customers on Wednesday.

NBM PAL is a pension service company registered by the Registrar of Financial Institutions.

Girl Up Elevate to host Innovation Lab in Blantyre 

Members of the Girl Up Elevate

Girl Up Elevate, a Blantyre-based youth-led organisation, has organized an innovation lab dubbed ‘Bridging the Digital Divide’ to address significant gender disparities in the digital sphere in Malawi.

The innovation lab will take place at Namiwawa Community Day Secondary School (CDSS) on July 27 2024. 

The organization which is under the United Nations Foundation campaign ‘Girl Up’, was established to provide education, resources, and a supportive network to girls to reach their full potential.

Girl Up Elevate Founder and President Ulemu Makolija said in an interview yesterday the event brings together students from various schools in Blantyre who will collaboratively develop innovative solutions to bridge the digital divide.

Makolija

Participants will engage in expert-led sessions to understand the challenges and consequences of digital inequality. This will be followed by group discussions to brainstorm and refine their ideas. Facilitators, including professionals and Girl Up Elevate members, will guide and mentor the students to effectively pitch their solutions,” said Makolija.

She also said the initiative will help the youth foster problem-solving skills and critical thinking and inspire them to become proactive leaders in creating a more inclusive digital future.

At the end of the event, a panel of judges will award prizes to the top three solutions from the presentations.  

Ulemu Makolija

NBM plc CEO gets down to business…plans to establish Fintech company

Jiya making a presentation to the journalists

National Bank of Malawi (NBM) plc Chief Executive Officer (CEO), Harold Jiya has unveiled plans to establish a Financial Technology (Fintech) company to help minimize costs incurred when buying systems from different companies.

Jiya, who ascended to the top managerial position this month following the retirement of McFussy Kawawa, outlined the plans during a media interaction session on Wednesday as he also unpacked the Bank’s five-year strategy. 

In his presentation, Jiya said apart from the Fintech company,  the Bank anticipates a significant growth to four countries in Africa, growing the profit-after-tax to $100 million dollars from the current $60 million, and grow the customer base to two million by the year 2027.

On cutting the costs through the Fintech Company, Jiya said it was imperative as the Bank has over 28 systems supplied by different vendors whose licenses and annual maintenance fees are paid in United States dollars. 

“Why can’t we have a specialized outfit, an IT Company that can specialize in these products? It can start by supporting and learning from National Bank and also supporting the Banks that we are going to buy in the region.”

“Now, by supporting the banks in the region, it will be charging in dollars and we believe it will be a profit centre supporting National Bank plc. We believe once we have the critical mass, it will give us appropriate savings which will help in terms of our profitability,” said Jiya

He also highlighted how he plans to move the Bank to the next level.

“We have a strategic plan which I was part of developing. We are very clear about the path that we want to take. So, as I take on the leadership of the Bank, I am confident I will deliver on that strategic plan. Our plan is for this bank to deliver a 100 million US Dollars profit-after tax by 2027 and to be the number one digital bank in the country and to go in the region and expand our reach by making sure we are represented in four countries and have over two million customers,” said Jiya.

Jiya also said they anticipate that 12 percent of the $100 million profit-after-tax projected for 2027 will be contributed by NBM plc’s subsidiaries, which include Akiba Commercial Bank in Tanzania, NBM Pensions Administration Limited, NBM Development Bank, NBM Capital Markets Limited, United General Insurance (UGI), and Stockbrokers Malawi Limited. 

On financial inclusion, the new CEO highlighted plans to empower Agent Banking to provide seamless bank services in rural areas where the Bank does not have structures. 

“We have people operating their business in rural areas, we intend to empower such people to be providing our services. People in rural areas should be able to deposit and withdraw money through these agents. Our Mo626 USSD service also provides a chance every Malawian to access financial services through their phones,” he said. 

He further gave an update on the status of Akiba Commercial Bank in Tanzania, saying there has been a great improvement on the losses made, and the future looks promising. 

“This year, Akiba Bank made a loss of less than K1 billion from K4 billion when we acquired it some three years ago. Which means we will now be talking of profits and not losses anymore,” he explained. 

Phyzix Mzuzu concert ticket sales on TNM Mpamba

Blantyre, July 5, 2024 – Fans of Phyzix’s Mountain Goat Concert starting on Saturday in Mzuzu will gain exclusive access to the show via TNM Mpamba e-ticketing, the organisers have announced.

TNM Plc Group Head of Brand and Marketing Madalitso Jonazi said TNM Mpamba’s e-ticketing is the way to go when it comes to entertainment events and will be handy during the Mzuzu show.

“Mpamba’s e-ticketing is designed to handle any event from football to entertainment. Using the Khadi Mbambande, TNM Mpamba is leading the way in e-ticketing for concerts, ” said.

Jonazi said to buy tickets for the Mountain Goat Concert, Mpamba customers can use the TNM SmartApp, select eTicketing or dial USSD short code *444#, select 6, Eticketing then 2, Concerts & Music Festivals to buy.

“The use of mobile money for ticketing makes transactions easy. Fans can buy tickets anytime, anywhere, directly from their phones. This means no more long lines or last-minute stress, giving fans a smooth experience,” he said.

TNM Mpamba praised the partnership with Phyzix, whose real name is Noel Chikoleka, saying it will improve the concert experience. “E-ticketing fits with the trend of moving towards digital and contactless payments, offering a safer option than traditional tickets. By using Mpamba e-ticketing, we aim to make the concert experience better for everyone,” Jonazi added.

Phyzix also expressed his excitement about the partnership, announced two months ago. “It’s an honor to have the support of a big company like TNM. This will help make the concert amazing. By promoting e-ticketing for concerts, Mpamba is setting a trend for future events and encouraging the use of digital solutions in the entertainment industry,” he quipped.

Standard Bank pumps K15m into girls science at MUST

Blantyre, July 10, 2024 – Standard Bank Plc has invested MK15 million in the Girls Science, Technology, Engineering, Arts and Mathematics (STEAM) Camp at Malawi University of Science and Technology (MUST), underscoring its commitment to support young women in science education while advancing gender equality.

The donation from Standard Bank will directly support the camp’s initiatives, including technology workshops, art workshops, and sponsoring of the underprivileged girls to attend the camp. The MUST STEAM Girls Camp aims to inspire and empower girls to explore and pursue careers in STEAM.

Standard Bank’s Client Coverage Manager, Pempho Chalamanda said that the donation reiterates the bank’s core purpose of driving Malawi’s growth.

“Standard Bank believes in the transformative power of STEAM education and inclusivity. By investing in the Girls STEAM Camp at MUST, we are investing in a future of innovation and leadership with more female representation,” said Chalamanda.

Through partnership with MUST, Standard Bank aims to make a lasting impact in the lives of girls and inspire female participation in Science, Technology, Engineering, Arts, and Mathematics.

“This donation is a testament to our commitment to corporate social responsibility and our dedication to making a meaningful impact in the communities we serve. We hope this contribution will help create pathways for young women to pursue successful careers in STEAM fields,” she said.

Standard Bank has commended MUST for coming up with the STEAM Camp for girls saying that the intervention contributes significantly to encouraging girls to feel confident and motivated to participate in these disciplines.

Chairperson of the MUST STREAM Girls Camp Dr. Marion Chirwa Kajombo has commended Standard Bank for the support saying it will create great possibilities for girls at the institution.

“We appreciate the support from Standard Bank. It has enabled us to reach out to needy students lacking motivation and inspiration to realize their dreams. Some do not have any hope but through the camp, their lives will change because the intervention will open opportunities for girls to be exposed to several career pathways through interaction with role models,” said Kajombo.

Standard Bank earlier this year donated MK20 million to MUST as its annual contribution towards the university’s endowment fund that offers scholarships to underprivileged students.

The Bank continues to support education initiatives that improve the access and quality of education for the youth of the nation.

The MUST STEAM Girls Camp will started on July 1 and it will end on July 12 at the institution’s campus in Thyolo.

WHAT WILL DR. DALITSO KABAMBE BRING AS PRESIDENT OF MALAWI

There are many great sons of the soil in Africa and they are renowned for putting their motherland first before anything else and they do not come often in any country. One of such greats of the African soil is Paul Kagame who recently said” It all starts from your heart, your mind, and the way you think. When I say don’t be cowards, be lions, what I mean is that, to be a coward is to live without a clear ideology, allowing people to insult you and you apologize to them instead of them apologizing to you. To be a lion is to accept to deal with and confront your challenges, those of your family of country, unapologetically.”

As it always said, posterity always judges a person and one such great son of the soil who is a lion and wherever he has been posterity will judge him well is Dr Dalitso Kabambe, the former Reserve Bank Governor of Malawi. His achievements and track record are par excellence. However, as we follow him on his recent exploits where he has belted out his analysis of Malawi, one remains admiring the intelligence, knowledge and vast wealth of wisdom that he possesses. What sets him apart more though is how he is able to articulate so well what he believes can be done to turn around Malawi after 60 years of not so much growth on average. Here is a man who is not only giving prescription for Malawi which is on a death bed in hospital, but he goes further to provide details of how this patient can be resuscitated.

It is for this reason that Dr Dalitso Kabambe is the solution for Malawi and here is a snippet of what we have been able to pick. Our focus is on three key things which we believe set DK apart and makes him the perfect person to lead Malawi: Leadership and Experience, Vision for the Future, and Unity and Inclusiveness.

1. Leadership and Experience: Dr. Dalitso Kabambe’s extensive experience and proven leadership make him an exceptional candidate to lead the nation. As a distinguished economist and politician, he has demonstrated his capability in public service and financial management. His tenure as the Governor of the Reserve Bank of Malawi from 2017 to 2020 is particularly noteworthy, as he played a crucial role in stabilizing the economy by reducing inflation and stabilizing the exchange rate. Dr. Kabambe’s career in the Malawi Government Economic Service is marked by significant roles in the Ministries of Finance, Health, and Foreign Affairs, showcasing his versatility and deep understanding of various sectors. His advanced degrees in Development Economics further underscore his expertise and commitment to economic development. Transitioning into active politics, Dr. Kabambe aims to leverage his extensive experience and knowledge to drive Malawi’s political and economic progress. His track record of effective leadership and economic stabilization positions him as the best candidate to lead the nation and contribute to the nation’s development.

2. Vision for the Future:

a. Economic Growth: Dr. Kabambe envisions a robust and diversified economy that fosters sustainable growth and development. By implementing sound fiscal policies and encouraging investment in key sectors such as agriculture, manufacturing, and technology, he aims to create job opportunities and reduce poverty. His experience in stabilizing the economy as the Governor of the Reserve Bank of Malawi will be instrumental in achieving these goals.

b. Improved Healthcare: Recognizing the importance of a healthy population, Dr. Kabambe is committed to enhancing the healthcare system. His vision includes increasing funding for healthcare infrastructure, ensuring the availability of essential medicines, and improving the quality of healthcare services. By prioritizing preventive care and expanding access to medical facilities, he aims to improve the overall health and well-being of Malawians.

c. Total Decentralization: DK believes in a total decentralization where authority and resources will be given to district assemblies for the development of each district. His vision is that every district should be allocated a minimum of 100 billion kwacha to be used in improving systems and development within that district. This will ensure equal benefits across the country.

d. Access to Quality Education: Dr. Kabambe believes that education is the cornerstone of national development. His vision focuses on providing equitable access to quality education for all children, regardless of their socio-economic background and region. This includes investing in school infrastructure, training and retaining qualified teachers, and integrating technology into the learning process. By doing so, he aims to equip the youth with the skills and knowledge needed to thrive in a competitive global economy.

e. National Security: Ensuring the safety and security of all citizens is a top priority for Dr. Kabambe. His vision includes strengthening the capabilities of security forces, enhancing intelligence gathering, and promoting community policing initiatives. By addressing both internal and external threats, he aims to create a secure environment that fosters economic and social development.

f. Stable Services in Government Institutions: Dr. Kabambe is dedicated to building efficient and transparent government institutions that deliver stable and reliable services to the public. His vision includes implementing reforms to reduce bureaucracy, combating corruption, and improving the accountability of public officials. By fostering a culture of integrity and professionalism, he aims to restore public trust in government institutions and ensure that they effectively serve the needs of all Malawians.

3. Unity and Inclusivity: DK is committed to fostering unity and inclusivity in the national development agenda. Gone will be the days when people from few districts are left to make national development decision. DK believes that each district has to participate in setting up national development agenda by having a representation in cabinet, recognizing that in diversity there is strength. By actively listening to and valuing the voices of all Malawians, regardless of background or region, Dr. Kabambe will ensure that every perspective is represented and respected. His inclusive approach will bridge divides, promote collaboration, and create a cohesive vision that resonates with everyone within the nation. Dr Kabambe’s dedication to unity will not only strengthen but will also present a united country that truly represents and works for all. Together, under Dr. Kabambe’s guidance, the country will be stronger and more inclusive.

It is clear with Dr Dalitso Kabambe our scope has to be bigger than just surviving. It has to be about living well, succeeding against poverty, dependency and indignity. It has to be about setting our agenda to become a prosperous nation taking its rightful space on the continent as one of the fastest growing economies and taking Malawi to greater heights economically.

Standard Bank in sizzling independence poetry

Malawi’s four contemporary poets turned Independence evening on Saturday memorable during a commemorative poetry exhibition hosted online by Standard Bank.

The four, Nyamalikiti Nthiwatiw, Qabaniso Malewezi, , Wanga and Phindu took turns to mesmerize the online audience that joined the poetry feast on Standard Bank’s Facebook page.

“We organised the event to commemorate Malawi’s 60th Independence Day, with renowned names in poetry for an evening that embraces Hope, Healing, Unity and Identity, ” said Tamanda N’gombe, head of marketing.

The show was patronised by many poetry fans who applauded the spoken word artists.

Internationally acclaimed poet Q Malewezi did not disappoint,while praise was showered upon upcoming poet, Phindu with many noticing her unique style and flow.

“The performance was just incredible, a big thumbs up for Phindu,” said Billy Banda, who watched the show.

Another patron Fatsani Chione also gave her critical acclaim. “A wonderful performance from Phindu. I loved it, ” he said.

Themed “Unity In Verse”, the commemorative poetry fiesta was put together by Kweza Arts.

FDH Bank plc donates 100 metric tonnes of maize to NFRA

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Malawi Stock Exchange listed FDH Bank has donated 100 metric tonnes of maize worth K95.5 million to National Food Reserve Agency (NFRA) to ensure food security in the country.

FDH Bank plc Head of Marketing and Communications Levi Nkunika and NRFA Chief Executive Officer George Macheka represented their respective organisations during the handover ceremony in Lilongwe on Thursday.

According to Nkunika, the gesture was a response to the call by President Lazarus Chakwera in March this year, who declared a state of disaster in 23 out of the country’s 28 districts affected by El Nino weather that caused droughts and floods.

“FDH Bank plc has procured 100 metric tonnes equivalent to 2,000 bags of maize of 50kg each valued at K95,500, 000 which has been delivered to NFRA. This maize is expected to support 2,000 families across the country.”

“At FDH Bank plc, we are deeply committed to the well-being of our fellow Malawians. Partnering with NFRA to safeguard food security at the household level is not just a corporate social responsibility; it is part of doing business as we believe in being closer to the community, especially in times of need. We are always ready to play our part in supporting our communities in difficult times,” said Nkunika.

Nkunika added that the Bank entrusted NFRA, as an institution mandated to procure, store, and release maize on humanitarian grounds, to ensure proper storage of the maize and coordinate with the Department of Disaster Management Affairs (DODMA) on distribution to Malawians in need.

In his remarks, Macheka expressed gratitude to FDH Bank plc for leading to address national emergencies.

“We are immensely grateful to FDH Bank plc for their support. This partnership is a testament to the strength and unity of Malawians. We hope other institutions will emulate the good example set by FDH Bank. Together we can ensure that no Malawian dies of hunger,” said Macheka.

The preliminary assessment in the Presidential Declaration indicated that close to two million farming households are affected.

NBM Plc introduces Share Purchase Loan

National Bank of Malawi (NBM) plc has launched a share purchase loan product to enable customers to access loans and buy shares on the Malawi Stock Exchange (MSE).

Speaking during the launch on Tuesday, NBM Head of Retail Banking Division Oswin Kasunda said the new loan facility is designed to assist customers in fulfilling dreams of acquiring shares on the MSE through Stockbrokers Malawi Limited.

“The loan shall be secured by either existing shares that a customer already holds on the MSE or the purchased shares at 85 percent of the market value. This means that if the new shares being bought are to be used as collateral, the customer will contribute 15 percent, while the Bank will pay 85 percent of the purchase cost.”

“The loan will have a maximum repayment period of 36 months, a minimum loan amount of K250,000, and a maximum loan amount dependent on a customer’s capacity to repay subject to the loan repayment to income ratio not exceeding 30%,” said Kasunda.

He further indicated that it was established tthrough their market assessment and research, that many customers were looking for a facility that would allow them to buy shares on credit.

“However, the Stockbrokers Malawi Limited license does not allow it to lend money to clients. National Bank of Malawi plc is in the business of lending, hence addressing the challenge that investors or would-be investors face in buying shares on a cash basis,” said Kasunda.

In his remarks, Stockbrokers Malawi Limited Chief Executive Officer Noel Kadzakumanja said they hope the product will boost trading in the market.

“This loan is trying to address the problem that customers had, in the past, they were stuck because they didn’t have the cash to buy shares,” said Kadzakumanja.

The facility is open to customers whose regular income is paid directly into their NBM Bank plc account and will enable them to buy on any share counter.

Amaryllis Hotels General Manager Waheed Appointed Global Ambassador of African Tourism Board

Mr. Ramy Waheed, General Manager of Amaryllis Hotels, has been appointed as a Global Ambassador of the African Tourism Board (ATB).

The appointment was announced in a letter dated June 29, 2024, from the President of the African Tourism Board, Dr. Cuthbert Ncube.

According to the letter, Waheed’s exceptional leadership and dedication as the General Manager of Amaryllis Hotels, combined with his extensive experience and commitment to promoting tourism, made him an ideal representative for the organization on the global stage.

As a Global Ambassador, Waheed’s role will be pivotal in enhancing the visibility and appeal of Africa as a premier travel destination.

His responsibilities will include actively advocating for African tourism at international events and forums, collaborating with tourism stakeholders to foster positive perceptions of Africa, and identifying and pursuing opportunities for strategic partnerships that benefit African tourism.

“We are confident that your involvement will greatly contribute to the success of our mission to promote Africa as a vibrant and diverse travel destination,” said Dr. Ncube in the appointment letter.

“Your expertise and passion for the industry will be invaluable assets in our collective efforts.”

Waheed’s appointment is a significant recognition of his contributions to the tourism industry in Malawi and beyond.

As General Manager of Amaryllis Hotels, he has been instrumental in promoting tourism in the region and has worked tirelessly to enhance the reputation of the hotel and the country.

That is not all. Under his leadership, Amaryllis Hotels has won several prestige international awards.

The African Tourism Board is a pan-African organization that aims to promote tourism across the continent.

The organization works with tourism stakeholders to develop and implement strategies that promote African tourism and enhance the continent’s visibility as a travel destination.

FDH Bank plc eyes K28.5 billion half-year-profit

FDH Bank plc has projected its half-year profit-after-tax ending June 30, 2024 to be between K25.5 billion to K28.5 billion from K15 billion the previous year.

This represents an increase of between 69.8 percent to 89.8 percent higher than the one reported for the previous corresponding period.

According to the statement released by the company secretary Juliano Kanyongolo, the summary consolidated and separate financial statements of the Bank of the period ending 30th June will be published within the required period.

“In terms of the Listing Requirements of the Malawi Stock Exchange, a listed company is required to publish a Trading Statement as soon as there is a reasonable degree of certainty that the financial statements for thee period to be reported upon will differ at least 20% from that of the previous corresponding period,” reads the statement.

In the statement, the Bank says the information on which the Trading Statement is based has not been reviewed and reported on by its external auditors.

Earlier this year, the Malawi Stock Exchange listed Bank announced a substantial profit-after-tax increase of 55% to K35.6 billion from K22.9 billion profit over a similar period in 2022.

During its Annual General Meeting held recently, members of the Minority Shareholders Association commended FDH Bank plc for the growth.

NBM Plc’s funded UNIMA innovations bear fruits

National Bank of Malawi (NBM) Plc has expressed satisfaction with the innovations done by University of Malawi (UNIMA) Department of Physics and Electronics final-year students.

NBM Plc Information Technology, Organization, and Methods (ITOM) Division gave the students three challenges to solve and bring out innovative solutions with K2.8 million as funding for the projects.      

On Friday, the students presented the innovations at NBM Headquarters in Blantyre, where Head of ITOM  Designate Christopher Chilenga said part of NBM plc strategy has an aspect called ‘collaborations and partnerships’ recognizing that the Bank cannot have all the answers to the problems in the services but can get someone else on board.

“So far, I am impressed that they have taken up the idea, Universities are a centre of excellence, and they do have ways of addressing some of the needs and requirements we have in society. For them to look at the situation and propose ways of improving it is very commendable,” said Chilenga.

In his remarks, a UNIMA Lecturer, who is also the student’s projects supervisor Patrick Mzaza said what the students have demonstrated gives a positive hope that the students will help Malawi achieve its 2063 goals of advancing technology.

“They have developed three innovations which are addressing challenges that National Bank plc is facing. The first is the ATM monitoring system which monitors the temperature and humidity surrounding the machine. The second one is monitoring the parameters of a generator such as oil and fuel, and the last one is monitoring the bank’s systems in terms of transaction queues, memory usage of the CPU and everything,” said Mzaza. 

Representing her group, a Bachelor of Science in Electronics final year student Bridget Matilesi thanked National Bank plc for supporting their audible and virtual alert monitor of the banking systems project.

“We are grateful for their support, and I would like to urge other institutions to come to UNIMA with their problems for students to innovate systems for them,” said Matilesi.

Texas Church aids Anglican clergy spouses with business grants

Pozzuto (right) and wife Mellinda (second right) present a grant to a Clergy wife as Agness Salaka from Anglican church looks on

Christ Church in Temple, Texas, USA, on Thursday provided financial support to 33 spouses of Clergy in the Anglican Diocese of Southern Malawi.

The assistance, ranging from K50,000 to K350,000, is intended to help them start businesses to support their families.

Speaking in an interview, Rector of Christ Church Reverend Keith Pozzuto said the financial assistance will aid the clergy wives in starting various businesses based on their proposals.

“We are confident that this financial assistance will enable these women to create sustainable businesses that will uplift their families and contribute positively to their communities.”

“The church believes that empowered women help to support their families, communities, and the church as well. We are confident that this financial assistance will enable these women to create sustainable businesses that will uplift their families and contribute positively to their communities.”

“The support was raised by members of our church in Texas, USA, and we hope it will meet the intended purpose,” said Pozzuto.

Chairperson for the Clergy Wives in the Anglican Diocese of Southern Malawi Temwanani Kalimbe emphasized that the grant will enable them to become financially independent.

“Most clergy wives face financial challenges because many parishes are in remote areas where employment opportunities are scarce, forcing them to rely only on their husbands’ incomes,” said Kalimbe.

A total of 37 people have been supported under this program including four members of the laity from Mindanti in Chapananga who have been supported with tools and school fees to one member who asked for support to go back to school.

The program hopes to grow to over a hundred beneficiaries next year and to reach a thousand in a few years’ time.

Std Bank market value crosses K1 Trillion mark

The share price of Standard Bank Plc on Monday soared to K4,400 to propel the company’s market capitalisation surpass MK1 Trillion mark.

A trading report at the Malawi Stock Exchange (MSE) shows Standard Bank becoming the second-highest capital gainer by closing slightly above MK1 trillion after NBM’s K1.3 Trillion.

The MSE trading report quotes the bank’s share price increasing from K3,950.34 to K4, 400 per share or 11% to move the counter’s capital gain to MK1.032 trillion.

Reacting to the development, Chief Executive Phillip Madinga said it reflects the confidence that investors have in the bank in delivering superior profit margins.

“This growth is a testament to our commitment to delivering exceptional financial performance, innovative banking solutions, and sustainable growth. At our recent AGM in Blantyre, shareholders expressed satisfaction in our net profit record in the three years.

Thanks to their support, we remain focused on creating long-term value for our shareholders, customers, and the broader economy. Our strategic priorities, including digital transformation, customer-centricity, cost and risk management, are yielding positive results,” said Madinga.

An independent market analyst Dr Saidi Jackson predicted Standard Bank’s share price to continue rising as investors exercise options in hedging capital against market volatilities.

“It’s only logical for investors to back high performing companies or stocks, and with a good track record. Financial stocks like Standard Bank are seen as relatively safer in this market because of their impeccable risk management profile, and prudence, ” said Jackson.

The bank’s net profit for the financial year ended December 31, 2023 was K52.5 billion of which MK25.4 billion was approved by shareholders last week as total final dividend.

Castel Malawi rebrands Castel beer bottle 

Leading alcoholic beverage producer in the country, Castel Malawi Limited has rebranded labels for its iconic Castel Beer, making a significant milestone in the branding innovation.

In an interview yesterday, Head of Corporate Marketing and Communications, Lavern Chitakata said the initiative reflects Castel Malawi’s commitment to innovation and meeting consumers’ evolving preferences while maintaining the expectational quality and taste.

“The new label of the 330ml returnable bottle features a modern and visually striking design with a sleek body and neck label. The bottle proudly displays the iconic improved Castel Beer logo,” said Chitakata.

She assured customers that despite the refreshing bottle looks, the exceptional quality and taste of the beer remain unchanged.

One of the consumers based in Blantyre, Damson Mbewe hailed Castel for maintaining the contents of the beverage.

“Castel Malawi never disappoints when it comes to customer satisfaction, the new bottle design is beautiful,” said Mbewe.

Castel Malawi Limited recently rebranded the 330ml premium spirits bottles of Malawi Gin, Malawi Vodka, and Premier Brandy.   

Castel Malawi is, through Castel Beer, sponsoring the prestigious football cup called ‘The Castel Challenge Cup’ worth K400 million and Chitakata said the rebranding of the product will also resonate well with the iconic football cup

AFORD questions identification of ‘German experts in plane crash investigation

The Alliance for Democracy (AFORD) is calling for transparency in the investigation into the plane crash that killed Vice President Dr. Saulos Chilima and eight others on June 10, 2024.

In a press statement, AFORD President Enock Kanzingeni Chihana expressed concerns over the lack of clarity surrounding the investigation, despite the government’s announcement of engaging German experts.

“While we commend the effort, we question the sincerity of this move,” said Chihana.

He added that: “We demand a comprehensive and transparent investigation that leaves no stone unturned. Anything less will be a betrayal of public trust.”

AFORD is seeking clarity on the terms of reference for the investigation, the qualifications and expertise of the German experts involved, and the extent of their involvement in the investigation.

“We would like to know how the process towards the identification of the ‘German experts’ was done and whether there was proper vetting on the concerned expertise and their organization,” Chihana said.

The party is also questioning whether the International Civil Aviation Organization (ICAO) was involved in the investigation and whether measures are in place to ensure the independence and impartiality of the investigation.

“We owe it to the memories of the departed and their families to ensure that the truth is uncovered and justice is served,” Chihana said.

“We will not tolerate any attempts to obscure the facts or manipulate the investigation for political gain.”

AFORD has vowed to continue monitoring the situation and pushing for justice to be served.

The party’s demands for transparency have sparked a national conversation on the need for accountability in the investigation process.

The incident that led to Vice President Chilima’s death has raised questions about the safety of the aircraft and the circumstances surrounding the crash.

Reports indicate that the plane experienced technical difficulties before crashing in Chikangawa Forest in Mzimba.

The cause of the crash remains unknown, and AFORD is calling for a thorough investigation into the incident.

“We need to know what caused the plane to crash and whether it was an accident or something more sinister,” Chihana said.

“The nation deserves answers, and we will not rest until we get them.”

Malawi Civil Society Celebrates Landmark Abortion Ruling Anniversary

Civil society organizations in Malawi are commemorating the anniversary of a landmark High Court ruling that clarified exceptions to the country’s abortion laws, providing essential protections for women’s and girls’ health and lives.

The ruling, issued on June 15, 2021, affirmed that mental and physical health are crucial components of preserving life in cases of risky pregnancies. It also provided legal clarity, enabling women seeking an abortion due to risks to their life or health to consult a health provider.

“We commend both the Judiciary and the Executive branches of the Government for making this important clarification public,” said Michael Kaiyatsa, Executive Director for Centre for Human Rights and Rehabilitation.

“Women and girls who believe their pregnancy poses a threat to their life or health have the legal right to consult a health provider.”

The ruling was hailed as a significant step forward in protecting reproductive rights in Malawi.

“The judgment marks a significant milestone in the advancement of reproductive rights in Malawi, ensuring that the health and lives of women and girls are prioritized,” said the civil society organizations in a joint statement.

The statement was endorsed by 18 civil society organizations, including Nyale Institute, Centre for Human Rights and Rehabilitation (CHRR), Center for Reproductive Rights (Kenya), and Malawi Sexual Reproductive Health and Right Alliance, among others.

The organizations reiterated their commitment to continue advocating for comprehensive reproductive health rights and ensuring that all women and girls in Malawi can access the healthcare they need without fear.

“As we celebrate this milestone, we reaffirm our commitment to continue advocating for comprehensive reproductive health rights and ensuring that all women and girls in Malawi can access the healthcare they need without fear,” said the statement.

FDH Bank Plc, Afreximbank sign US$15 million deal 

Chitera (right) exchange signed documents with El Maaryegi

FDH Bank Plc and Egypt-based African Export-Import Bank (Afreximbank) have signed a $15 million medium term loan facility agreement to help reshape and drive intra and extra-African trade in Malawi.

FDH Bank Plc Deputy Managing Director George Chitera sealed the deal with Afreximbank Executive Vice President Global Trade Bank, Haytham El Maayergi at the just-ended Afreximbank 31st Annual General Meeting in the Bahamas.

In reaction to the agreement, Chitera said the development will help the Bank increase its capacity to structure complex trade finance solutions for its clients.  

Chitera (right) exchange signed documents with El Maaryegi

“As a Bank, we believe in our ability and potential to grow the business. To realize that potential we also leverage our strategic partnerships with Afreximbank and other like-minded institutions to strengthen our capacity and create bespoke financial solutions which will reshape and drive Intra and Extra Africa Trade. This US$15 million medium-term loan facility is one of the major steps towards that goal,” said Chitera.

In November last year, FDH Bank Plc was the first in Southern Africa to secure a $10 million Africa Trade Exchange (ATEX) facility agreement with the Pan-African multilateral institution, used to reshape the landscape of procurement of strategic supplies for Malawi’s economy.

The Afreximbank 31st Annual General Meeting 2024 took place from June 12 to 14, 2024 with over a thousand attendees including African/Caribbean leaders, African and non-African policymakers, corporate and business leaders, and bankers.

Standard Bank shareholders applaud performance, to pocket K25.4 bn in dividends

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Shareholders of Standard Bank Plc, listed on the Malawi Stock Exchange will smile to the bank to withdraw a total dividend of K25.4 billion or K108.24 per share for the financial year ended December 31, 2023, the bank’s Annual General Meeting agreed on Thursday.

The shareholders also applauded the bank’s management and staff —led by Chief Executive Phillip Madinga—for navigating a difficult economic environment to register a net profit of K52.5 billion. This represents a 34% increase over 2022.

Speaking during the AGM, Secretary General of the Minority Shareholders Association of Listed Companies Frank Harawa said the equity owners are happy with the recent results, which reflect success in the pursuit of Standard Bank’s operating strategy.

“We’re grateful for the impressive results registered so far. They show tremendous progress and hard work is being put in. We also hope that as we review shareholders and executive management pay, employee’s remuneration is also a consideration,” said Harawa.

In response, Chairman of Human Capital Committee of the Board Shadreck Ulemu disclosed that the bank has recently affected a 39 percent increase in salaries.

He added that employees are accessing other benefits, which include education and continuous professional development.

On the 2023 performance, Chairman Chris Kapanga said despite operating in a difficult macro-economic environment, the bank demonstrated resilience.

“The group continued to operate in a challenging environment due to foreign currency demand and supply imbalances and high inflation rate,” said Kapanga in a joint statement with Chief Executive Phillip Madinga.

He said the bank’s total revenue grew by 57%, while loans and advances also increased by 25%. He added that net interest income grew by 60%, while non-interest revenue grew by 51%.

The bank also registered an increase in trading volumes which benefitted its net fees and commissions.

Water Crisis Hits Thyolo District

Communities in Thyolo district are struggling to access clean water due to non-functional boreholes and unprotected water sources.

Traditional Authority Mbawera told our reporter that many boreholes in the area have been out of order since 2021, forcing residents to rely on streams and shallow wells.

The local parliamentarian, Mavuto Sandram Scott, has acknowledged the issue and sought assistance from Pacific Limited, a private firm that has been repairing boreholes in other parts of the country.

Pacific Limited’s Managing Director, Faisal Aboo, attributed the widespread problem of broken boreholes to theft of spare parts and vandalism.

However, he promised to extend his company’s borehole maintenance initiative to Thyolo district.

The company has already repaired over 8,000 boreholes across Malawi since 2015 and has been recognized by the government and private sector for its efforts.

Residents in Thyolo district are hoping for a swift solution to their water woes, which have left them vulnerable to waterborne diseases.

UTM needs Usi now than never: Attempting to exclude him is tragic and suicidal for UTM

The past five days have been tough for UTM party. However, the next three days will be even tougher for the party and, if carelessly handled, we will not talk about UTM again in the next two months.

How?

On Monday 10th June 2024, the party suffered a great loss: It lost Saulos Chilima—the president, the leader, the visionaire, the financier and, simply put, the party lost its source of power.

In the past five days, the party has been grappling with the loss and, just like what happened in 2012 when DPP lost Bingu wa Mutharika, the truth has dawned to UTM that they have, actually, lost their source of power.

As it stands now, UTM doesn’t have any powers—its disgruntled, disoriented and the supporters aren’t sure of what is in store for the party.

To regain its relevance, UTM, in the next three days, need one thing: Position itself in a way that moves President Lazarus Chakwera to appoint Chilima’s replacement in UTM.

You know what? If the post of Veep remains in UTM, it means UTM will have a voice in the cabinet, which is the source of power, something the party needs to consolidate itself and, eventually, have time to soberly plan for 2025.

The challenge, however, is that, already, internal wrangles are emerging with top figures accusing each other of who, among them, is more UTM than others.

Tongues, in fact, are already wagging with unconfirmed reports that the party’s vice president, Michael Usi, is being strategically sidelined and, on a tragic note, plans are at an advanced stage to fire him.

The reason, we are being told, is that Usi, they say, appear to be more loyal to MCP than UTM. The reasons, we keep being told, is that Usi, they advance, was always more loyal to Chakwera than Chilima.

So, they argue, Chakwera will appoint Usi as Veep and, if that happens, its better Usi goes to become Veep without the blessings of UTM. So, they reason.

Well, I just shudder to think that UTM, as this critical juncture, would be within its own instead of coming together, pull a strength in numbers, and position itself as organized so that Chakwera shouldn’t be left without a choice but continue working with the party that SKC left.

With Chilima gone, what names, in UTM, comes to the fore as political stalwarts that can fit in SKC’s shoes? You can count: Kambala, Felix Njawala and Patricia Kaliati.

For UTM to roar again it needs a charismatic, respected, calm, collected, exposed and trusted person who cannot just speak in wisdom to the disheartened followers—but also one with capacity to fund and also court funders for the party.

Michael Usi, unfortunately, is the only person who the cap fits.

Usi won the heart of SKC. That is why when SKC brough UTM to alliance with MCP, he went with people such as Usi because he believed in their capacity.

Sidelining Usi today is both tragic and suicidal for the party because, lets face it, the rest are either having trouble with law or facing some credibility and political relevance issues.

UTM is better, stronger and relevant with Usi not just on the lead; but also, as a replacement of Chilima as Veep.

Tony Blair’s wife Cherie Offers Condolences to Malawi’s President Chakwera

Cherie Blair, founder of Omnia Strategy LLP, has written to Malawi’s President Lazarus Chakwera, offering her condolences on the sudden passing of Vice President Saulos Chilima and eight others in a plane crash.

In the letter, dated June 12, 2024, sent through the office of Malawi’s Attorney General and Malawi’ Deputy High Commissioner to the United Kingdom, Blair described Chilima as a man of great commitment to the people of Malawi, evident in his many years of service to the country.

She expressed her sympathy to the President, the Vice President’s family, and the nation, saying, “His loss will no doubt be keenly felt.”

Blair also offered her support to President Chakwera, saying, “I wish you strength and resilience as you navigate Malawi through this tragedy.”

She concluded by saying, “Please know that I shall keep you, the Vice President’s family, and Malawi in my prayers.”

The letter was hand-delivered to the Malawi High Commission in London.

Cherie Blair is a reknown British barrister and writer.

She is the wife of the former Prime Minister of the United Kingdom, Tony Blair.

She is also known for her work as a human rights lawyer and her involvement in various charitable organizations, including her own Cherie Blair Foundation for Women.

That is not all. Blair is also known for her work in human rights, commercial law and international investment law.

NBM PAL Unrestricted Pension Fund  investment income up to 42%


NBM PAL Unrestricted Pension Fund which is administered by the NBM Pension Administration Limited (NBM PAL), a subsidiary of National Bank of Malawi (NBM) Plc, has registered an increase in investment income for the year 2023 to 42 percent from 27 percent in 2022.

According to NBM PAL, Chief Executive Officer (CEO), William Mabulekesi, with inflation around 30 percent in 2023, members will get a real investment return of over 12 percent which is the difference between the declared investment income of 42 percent and inflation rate of 30 percent.

“It is a pleasure to share with the market that the Board of Trustees of the Fund has since approved an investment income as recommended for members of the Fund who participated fully in the year up to 31st December 2023. The Fund continues to register exponential growth in investment income and total assets for its participating members.”

“The significant increase means that if an individual member had been in the Fund from January to December 2023 with a total accumulated pension benefit of K10 million as of December, 31, 2023, the total accrued pension benefit will now increase to K14.2million with effect from January 1 this year,” said Mabulekesi.

He said this is exciting news, particularly to sponsoring employers and their respective employees who are the ultimate members and principal beneficiaries of the overall Fund which has continued to grow from strength to strength within the recent years.

“This for sure has put smiles on the faces of the Fund’s members. What is more satisfying with this declaration is the fact that it has been achieved at a time when our local economy has faced a lot of challenges such as forex shortage, natural disasters in cyclones, and a significant 44 percent devaluation of the local currency in November 2023 whose combined adverse effects unleashed upward pressures on prices of goods and services forcing the inflation to hover around 30 percent for the year 2023,” explained Mabulekesi.

He then hailed NBM Capital Markets Limited, another subsidiary of NBM plc, for   Investment strategies employed amidst macroeconomic shocks that prevailed in the year under review.

A pension expert, who is also Director of Pension and Insurance at the Reserve Bank of Malawi (RBM) Paul Nyirenda believes that NBM PAL realized the growth due to investment returns largely from the stock market which performed well last year. 

“It is also because of the decent performance of the listed equities at the Malawi  Stock Exchange which has largely contributed to the  increase in investment income for the Fund as companies declared dividends and capital appreciation. ,” said Nyirenda.

The Fund in question according to NBM PAL is diversified across all investment classes, namely Interest-Bearing Assets, Shares, and Properties including alternative investments which allow portfolio assets to hedge against each other from any exogenous factors thereby insulating it to remain resilient and profitable for its members throughout the year.

Air Cargo, MDF pact to enhance African cargo services and trade

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Air Cargo Malawi Limited (ACM) and the Malawi Defence Force (MDF) have signed a Memorandum of Understanding (MOU) to charter aircraft for cargo transportation, enhancing ACM’s capabilities and contributing to the country’s economic growth.

The partnership will enable ACM to transport specialised cargo consignments between Malawi, SADC, COMESA, and East Africa, providing seamless logistics for exporters and importers. The agreement also demonstrates ACM’s progress in its turnaround strategy.

The MOU signing ceremony was attended by representatives from both parties, including the Chairman of Air Cargo Malawi Limited Felix Tandwe, Chief Executive Officer Thokozani Unyolo and the Commander of the Malawi Defence Force General Paul Valentino Phiri.

“This partnership is a testament to our commitment to providing reliable and efficient air cargo services,” said Tandwe. “We are proud to work with the Malawi Defence Forces to enhance our services and contribute to the country’s economic development,” he added.

Unyolo said the MOU opens up an opportunity for export of specialised cargo such as cut flowers and other horticultural products to Africa and beyond.

For his part, MDF Commander Valentino Phiri said, “We are pleased to partner with Air Cargo Malawi Limited, demonstrating our commitment to supporting the country’s economic growth and development.”

Phiri added that the charters will maximize the usage of MDF planes to generate additional revenue for the aviation department.

The partnership is expected to boost trade and economic development in the region, aligning with the Malawi 2063 vision.

Castel Cup after-party lights up Mponela

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Football fans and fun seekers had a grand post-Castel Cup launch event as Malawi’s celebrated musicians Skeffa Chimoto, Kell Kay, Tay Grin, and Aidfest and Kineo took turns to entertain them during a fun filled night at HillSide Lodge in Mponela on Saturday.

It was a day and night full of entertainment as the whole trading centre was filled with fun activities since morning, prior to the Castel Challenge Cup launch, and it was no surprise that the show pulled a huge audience while enjoying Castel alcoholic products.

Tay Grin, the Nyau King set the pace during the pre-launch activations that started on Friday night before he performed with his Nyau crew at Champions Stadium when Blue Eagles hosted Namitete Zitha to mark the launch of the 2024 Castel Challenge Cup.

From the Stadium, the fun extended to HillSide Lodge where DJ Bubblegum and DJ Twiggy manned the decks from 6pm until around 10pm when new kids on the block, Aidfest and Kineo took over the mics.

Performing using backtracks, the duo mesmerized fans with their top hits ‘Attention’, ‘Two’, ‘Tamutenga’, the latest release ‘Yekha’, and Kell Kay’s ‘Holy Water’ which they featured.

But it is the ‘Yekha’ song that stole people’s hearts, no wonder the energy displayed by the two artists, up to an extent of removing their shirts despite the chilly night.

Before passing the mic to the second act by Kell Kay, the two DJs also performed their disk jockeying magic through their top selection and mixing of the songs to the satisfaction of the fans who sang along.

Kell Kay later joined the stage dishing his tracks like ‘Bana Pwanya’ which he originally featured Yo Maps and Prince Luv from Zambia.

Unlike Aidfest and Kineo, Kelly Kay, Tay Grin, and Skeffa performed with a live band.

In his one-hour performance, Kelly Kay also dished out other songs like ‘Holy Water’, ‘Muchedwa’, ‘Lobola’, ‘Halo Mr Yesu’, ‘Mwano’ and others.

However, the Manganje-fused track ‘Chatha’ was a blast as he invited a female fan on stage and did not disappoint with her dances.

The Nyau King was the third on the list and could not hesitate to throw in the ‘So mone’ track which he originally featured on Yo Maps, but also used the platform to perform for the first time, his yet-to-be released song titled ‘Tchalosi’.

The response from the fans seemed to have fallen in love with the song already.

The stage master, Skeffa Chimoto was the last on the act taking over the stage and did not disappoint doing most of his popular tracks including ‘Kankha’ and others.

One of the fans, Mayeso Josita, said he was all happy with the show.

“Apa ndiye sininabetse makobiri yanga, nanjoya zedi (I have enjoyed the show, I really got the value for the money I paid at the gate),” he said.

Prophet Dr. Mbewe set to shake up Balaka Stadium on Saturday

In a highly anticipated move, Liberation for Economic Freedom (LEF) President Dr. David Mbewe is scheduled to hold a massive political rally at Balaka Stadium on Saturday, June 15, 2024.

The event, dubbed a “game-changer” in the country’s political arena, promises to draw a large crowd of supporters eager to hear Dr. Mbewe’s vision for a prosperous and liberated Malawi.

Recently, Dr. Mbewe made headlines by branding the Tonse Alliance, led by President Lazarus Chakwera, as “failures” amidst widespread discontent with the current administration’s handling of the economy.

As the country grapples with economic challenges, Dr. Mbewe and his LEF party are positioning themselves as the solution, promising real change and economic liberation.

The rally comes ahead of the September 2025 general elections, where Dr. Mbewe is expected to face off against President Chakwera of Malawi Congress Party (MCP), Peter Mutharika of the Democratic Progressive Party (DPP), and Saulos Chilima of the UTM party.

Dr. Mbewe’s charismatic leadership and vocal advocacy for economic freedom have resonated with many Malawians, making the Balaka Stadium rally a highly anticipated event that promises to be a political firestorm.

In the lead-up to the elections, Dr. Mbewe and his LEF party have been conducting a series of rallies across the country, wooing supporters and Malawians with their message of economic liberation.

The rallies have been pulling in large crowds, indicating a growing momentum for the LEF party and setting the stage for a thrilling contest in the upcoming polls.

Mkulu wakale wa Reserve Bank Dr Kabambe ayamikira Malemu Kasambara

Mkulu wakale wa Bank ya Reserve a Dr. Dalitso Kabambe ayamikira malemu Ralph Kasambara kaamba kogwira ntchito yondandiza a Malawi mozipereka.

A Kasambara, omwe anali m’modzi mwa akadaulo pa nkhani ya zamalamulo m’dziko muno amwalira lachisanu ku Lilongwe.

“Malemu Ralph Kasambara anali kadaulo pa ntchito za malamulo komanso mmodzi mwa a Malawi yemwe anadzipeleka kwambiri pa ntchito zothandiza a Malawi ngati nduna ya boma komanso ngati Attorney General mzaka za mbuyomu,” a Kabambe analemba pa tsamba lawo la Facebook.

Iwo anawonjezera kuti; “Imfa yawo yandikhudza kwambiri monganso momwe yakhudzila a Malawi ambiri ndipo pemphero langa ndiloti Mulungu atonthoze banja lonse losiyidwa komanso anamalira onse munthawi yowawitsa kwambiri ngati imeneyi.”

La Mulungu, a Kabambe adali nawo pa mwambo wachisoni opelekeza thupi la malemu Ralph Kasambara kunyumba kwawo ku Nyambadwe komanso ku misa yomwe inachitikira ku St Montfort Parish ku CI mu mzinda wa Blantyre.

Malingana ndi a Kabambe, “A Ralph Kasambara anali munthu okonda dziko lake komanso olimbikira kwambiri popititsa patsogolo ntchito za malamulo komanso chilungamo mdziko muno,”

Thupi la a Kasambara lilowa m’manda lero Lolemba m’boma la Nkhatabay.

A Kabambe ndi katswiri wodziwika bwino mdziko muno ku nkhani ya za chuma.

FDH Bank hikes Mayor’s trophy to K300 million

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Malawi’s leading commercial Bankers, FDH Bank Plc has announced a mouth-watering K300 million sponsorship Inter-City Mayor’s Trophy and the Lilongwe Mayor’s Trophy for a period of three years translating into K100 million every year.

The unveiling ceremony of the sponsorship deal took place in the capital, Lilongwe on Friday.

This means that the sponsorship for the two trophies is pegged at a staggering K100 million every calendar year for thirty-six months up from K60 million.

According to the sponsorship breakdown, K44 million is for Inter- City Mayor’s Trophy, whereas K22 million is tagged for Lilongwe City Mayor’s Trophy every year, respectively.

Zomba, Lilongwe, and Mzuzu have each received K17 million, a K7 million increase from the initial K10 million.

The Intercity Mayor’s Trophy prize money has also been increased to K44 million from K25 million.

FDH Bank Managing Director Noel Mkulichi during the sponsorship unveiling ceremony said FDH Bank is fully committed to youth and primary schools’ sports development in the country.

“We have seen the tournament grow and talent flourish as well as its positive impact on the youth,” Mkulichi said.

In 2018, Mkulichi said, FDH Bank started with an investment of K31 million to Lilongwe, Blantyre, Zomba and Mzuzu Mayors Trophies.

He said: “Later, we introduced the InterCity Mayors Trophy fully funded by FDH Bank Plc to bring together champions from the four cities to foster community growth and interaction as well as further challenge the youth to explore their talents.”

Mkulichi, however, commended the initiatives by Zomba City Council and Matiya Primary School for utilasing funds from their victory in the InterCity Mayors Trophy to build modern toilets at the school.

“This was truly an innovative and progress through and an extension of the benefits that come with the Mayors Trophy in improving the livelihoods of the youth,” said Mkulichi.

In his remarks Lilongwe City Mayor, Councillor Richard Banda said FDH Bank’s sponsorship event was a clear testament to the community’s spirit, dedication, and passion for sports.

“The Mayor’s trophy is more than just a competition; it is a celebration of our shared values. It is with profound gratitude that I express my sincere appreciation to our sponsors FDH Bank for the support rendered to Lilongwe City Council and other Councils for always setting the pace for all Mayor’s trophy,” said the Lilongwe City mayor.

Added Banda: “This sponsorship will go a long way as it is not only promoting the health and wellbeing of young ones, but we see the youth rise and embrace their hidden talents to the fullest.”

Deputy Director of Sports responsible for schools sports in the ministry of Youth and Sports, former Malawi netball national team star player, captain and coach, Mary Waya, who was popularly known as Atcheya in her hey-days, in her remarks hailed FDH Bank for being a true partner in the development of sports in the country.

“We cannot expect to do well at international level if the source of these athletes is not well-oiled, and as such sponsorship such as this one from FDH Bank goes a long way in talent identification and nurturing of athletes,” Waya said.

The industrious and decorated Malawi Netball Queens goal shooter and coach further said the government will continue providing a conducive environment for sports development in the country.

FDH Bank has been sponsoring football at all levels in the country since 2018.

Apart from grassroots trophy, FDH Bank are official sponsors of the Malawi national team, which is popularly known as the Flames besides sponsoring the flagship the FDH Bank Cup.

TNM, PHYZIX PARTNERSHIP BLOSSOMS

… as TNM pumps K5m into Mzuzu Mountain Goat Concert

Malawi’s pioneer mobile network and ICT service provider, TNM Plc is proud to announce the continued partnership with acclaimed music artist Phyzix for his forthcoming Mountain Goat Concert scheduled for July 13 at Springs Park in Mzuzu.

TNM, in a move to reinforce the partnership, has contributed K5 million towards the concert for the second time. In addition, the integration enables fun lovers to purchase concert tickets on TNM Mpamba e-ticketing platform.

TNM’s Head of Band and Marketing Madalitso Jonazi said the sponsorship highlights the company’s commitment to empowering and celebrating local talent.

“We are delighted to join forces with Phyzix once again for what promises to be an extraordinary musical show. Our partnership demonstrates our commitment to leveraging technology to create possibilities, change lives and connect people through music,” said Jonazi.

Following this resounding collaboration, TNM and Phyzix are poised to deliver yet another unforgettable experience for music enthusiasts in Mzuzu.

“Through the collaboration we are fostering cultural enrichment and connectivity through music and technology. As such, music enthusiasts will be able to purchase their tickets on Mpamba e-ticketing platform conveniently,” he said.

Jonazi added that the concert presents opportunity for the mobile company to engage with people in Mzuzu.

“We have a wide range of products that are tailored to suit Malawians of different ages, but concerts like Mountain Goat present a good platform for TNM to connect with specifically the youths and offer them more appealing and pocket friendly products such as Agulu bundles,” added Jonazi.

Receiving TNM’s contribution, Phyzix real name Noel Chikoleka expressed gratitude saying the money would assist in delivering a good concert to people in Mzuzu.

“After sponsoring my Mountain Goat album launch last year, I am thrilled that TNM has returned to sponsor my upcoming concert in Mzuzu, as we cement the brands’ mutual connection. The sponsorship will go a long way to help us provide a great concert in Mzuzu,” said Phyzix.

Phyzix commended TNM for introducing Caller Tunes and Agulu services, saying they are contributing to the growth of the music industry in the country.

He said: “Through services like Caller Tunes and Agulu bundles TNM is playing a pivotal role in taking Malawian music to great height. While musicians are getting loyalty, the youth can access our music using the affordable Agulu bundles.”

The Concert comes six months after Phyzix, launched Mountain Goat, his 15th album last year in December at Amaryllis Hotel in Blantyre.

CDEDI calls for deregistration of KADO Auctioneers

By IOMMIE CHIWALO

CDEDI Director Namiwa on duty

The Centre for Democracy and Economic Development Initiatives (CDEDI) has penned Public Procurement and Disposal of Assets Authority (PPDA) to consider deregistering KADO Auctioneers for flouting best practices that evidently amounts to corruption.

In a letter addressed to PPDA Director General, Eddington Chilapondwa, CDEDI has also appealed for cancellation of all public contracts awarded to the company.

CDEDI Executive Director Sylvester Namiwa is arguing that with information at hand, there is need for suspending all public auctions involving disposal of public assets, pending due diligence of all the auctions registered by the PPDA.

He says though declared obsolete, most public assets have economic value that usually end up benefiting a privileged few, instead of the whole nation, notably the poor majority whose lives could be saved with proceeds realised from public auctions, if they did not end up fattening pockets of auctioneers and those connected to them as often happens.

Namiwa has highlighted the calls are necessary following complaints stemming from the public auction held at Lilongwe Water Board (LWB) on Saturday April 27, 2024, where a number of items were sold through a public auction and that from investigation point of view, it was clear that the water utility board exonerated itself from allegations bordering on the sale of a HINO lorry registration number 5 SC 53.

According to Namiwa, CDEDI received additional complaints, on how the above public auction was conducted and of particular attention is a demand letter from Mbulo Attorneys at Law dated May 7, 2024, acting on behalf of Innocent Salim Gama, allegedly the major shareholder of KADO Auctioneers and General Dealers under the banner DEMAND BY MR. INNOCENT SALIM GAMA FOR DETAILED REPORT ON RECENT PUBLIC SALES CONDUCTED BY KADO AUCTIONEERS AND GENERAL DEALERS.

“According to the above letter, KADO auctioneers conducted two public auctions, one at the Reserve Bank of Malawi and another at the LWB, allegedly behind the back of the partner who reportedly pumped into the company MK100 million, representing 51 percent shares and those that raised eyebrows over the matter insist that KADO Auctioneers violated some public auction laid down procedures in the manner this vehicle was sold since they further argue that the falling of the hammer on the Hino 500 truck (5 SC 53) happened in an irregular manner.

They, in fact, claim that there were bids as high as K15 million but, surprisingly, the vehicle was given away to a MK10 million bidder,” he narrates.

Namiwa is convinced that all pointers are clear that there are serious flaws that smack of fraud and corruption, saying after postponing the auction despite calling for fresh bids, KADO Auctioneers invited the five selected bidders to the re-auctioning when, in fact, it had already issued both the notification to pay and a bid certificate in favour of Mr. Fabiano Mnayi on April 30, 2024.

Efforts to get side of the story from KADO Auctioneers proved futile but LWB defended the auction despite numerous complaints.

Meanwhile PPDA has confirmed receiving the letter but is yet to comment on its contents.

Bankrolling environmental restoration

Gogo Christina Mpinganjira recounts her youthful days when they used to collect wild mushrooms and see wild animals from the mountains of Kapirimutu, Nthunzi, Mchenga, Ntcheu, Mwasadzu, and Chipendeko in Dedza.

This was when the hills, popularly known as Seven Hills had its vegetation cover intact, before the community raged on them through charcoal burning, and other human activities.

The sorry state of the Seven Hills, which has rendered Gogo Mpinganjira destitute to find the wild food again, and the diminishing traditional cold breeze of Dedza, is also visible in other forests across the country.

The situation compelled people like Gogo Mpinganjira and others to take a step to rescue the forests from the raging individuals, so as to allow the new generation to appreciate the natural vegetation and its inhabitants like herself.

Through the Forest restoration project by National Bank of Malawi (NBM) plc launched in 2022, Gogo Mpinganjira and 149 other people around Dedza Seven Hills have benefitted from the K100 million funding which aims to give back life to three forests, including the Mangochi Palm Forest, and Jembya Forest Reserve in Chitipa.

“For two years now, we were given 15, 000 pine seedlings covering 500 hectares in the six hills. As members of the community, we have owned this development and have been steadfast in taking care of the trees by weeding, pruning them to ensure they have enough space and moisture. NBM Plc also gave us some fruit tree seedlings that we planted in our various homes,” she said.

A visit to Mangochi Palm Forest, and Jembya in Chitipa indicates similar progress in the forest restoration drive by NBM Plc.

According to Mangochi forestry assistant, Ellah Minthanje members of the community from five villages have been in the forefront taking care of the 6000 Coconut, Palms, Mbawa, and Ngongomwa trees that were planted in the forest on a space of 210 hectares.

“The response has been good from the communities. Together we are able to regenerate Mangochi Palm Tree Forest through enrichment planting, spot cultivation, fire breaking, screening, brushing, singling and other activities funded by NBM Plc.”

“The restoration activities have also benefited the community in various ways, including improvement of their livelihoods through wages they get after doing the work, and we also anticipate nutritional boost through the fruit trees they have been given to plant in their respective homes,” she explains.

Apart from the forest restoration to create a sustainable environment, the NBM plc project also ensures the livelihood sustainability.  

While in Mangochi and Jembya people opted for wages and fruit seedlings to sustain themselves, in Dedza community members asked to be given livestock like goats which they share rotationally.

“Through the program, we have started keeping the animals which is part of empowering us financially as we will be able to sell some and even for our food at home,” Gogo Mpinganjira says.

Felister Jeremiah, Chairperson of Tikondane group, which comprises women around Mangochi Palm Forest taking care of the trees, highlights some of the benefits from the project.

“Personally, I have a child in Secondary school whom I am able to support financially. We also have women in our group who are able to support their families from something we get from taking care of these palm trees, we call them ‘Mgwalangwa’ in Chiyao. We no longer struggle to get firewood as women because we have the trees at home,” she says.

In Jembya, Komani Mtonga says they have managed to plant 32, 000 seedlings on a 500-hectare land.

“We are making great progress here. We just want to appeal to the Bank to ensure funding is made faster so that we facilitate the weeding process to avoid the bush fires,” explains Mtonga.

An environmentalist, Maloto Chimkombero commends NBM plc for the initiative saying the corporate world needs to invest more in environmental restoration.

“Companies are important stakeholders in environmental conservation as they play a crucial role in supporting and implementing various environmental projects as part of Corporate Social Responsibility drives.” 

“So far, most companies are trying their best as we have seen companies adopting the management of forests and also supporting tree planting activities in various communities of the country,” says Chimkombero.

NBM plc Marketing and Corporate Affairs Manager, Akossa Hiwa says the Bank through its corporate social investment (CSI) understands its role in contributing to a more sustainable future in environmental conservation as they support Government efforts on the same.

“This is a huge investment and as a Bank, we take pride in how we have managed to restore the forest, and our impact on the people’s lives as they work to restore the forests around them as we strive to achieve the Malawi 2063 Agenda,” says Hiwa.

Former RBM Governor Dr Kabambe to Deliver Public Lecture on Industrialization at Catholic University

Former Reserve Bank of Malawi Governor Dalitso Kabambe is set to deliver a public lecture this afternoon at the Catholic University in Nguludi, Chiradzulu.

The lecture will focus on the urgent need for a paradigm shift in Malawi’s development framework to achieve industrialization and sustainable development.

“I am a strong believer that Malawi has the ability to realize its full potential and build a more prosperous future for its people by focusing on industrialization and taking a more comprehensive approach to development,” Kabambe wrote on his Facebook page.

The lecture comes as Malawi marks 60years since becoming a Republic, with Kabambe noting that the country has retrogressed on its industrialization agenda.

“Malawi desperately needs a paradigm shift in its development framework to industrialize,” Kabambe emphasized.

The event will be live on Times TV, Times 360 Facebook page, Times Radio, and MIJ FM.

Dr. Kabambe is fondly remembered by all Malawians for bringing stability to the Malawian economy, which resulted in low prices of basic needs and services.

During his time at Reserve Bank of Malawi, he managed to reduce inflation rate to a single digit within the first year from 24% to 7.1% in 2017 and effectively managed to keep the exchange rate stable at the rate of K 732 to the US$, and turned around a projected loss of K 4 billion to a profit in the excess of K60 billion.

DPP’s Bright Msaka Awards Young Spelling Bee Champion

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Member of Parliament for Machinga Likwenu Constituency, Bright Msaka, has awarded 6-year-old Fyness Kadawati, a Standard 3 learner at St. Theresa Catholic Primary School, K100,000 for her outstanding achievement in the 2024 National Spelling Bee regional finals.

As Democratic Progressive Party (DPP) Vice President responsible for the Eastern Region, Msaka presented the award to Fyness at the school, commending her remarkable talent and dedication to education.

The award recognizes Fyness’s impressive achievement as the youngest speller to qualify for the regional finals, showcasing her exceptional language skills and potential for future academic excellence.

Msaka’s gesture aims to motivate and encourage Fyness to continue excelling in her studies, setting a positive example for her peers.

The event highlights the importance of supporting young learners and investing in education, aligning with Msaka’s emphasis on Early Childhood Development (ECD) education as a crucial foundation for advancing the nation’s educational progress.”

Mzanda Luhanga win NBS Bank May Golf Mug

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Golfers Chipiliro Mzanda and Ulemu Luhanga beat a field of over 50 golfers to emerge winners of the Men’s and Women’s categories in the NBS Bank May Golf Mug played on Saturday at the Country Club Limbe.

Mzanda came top with a gross score of 84 and a net of 72 in the men’s category, while Frank Jomo came second with a gross score of 81 and a net of 73 and Khumbo Mkandawire was third with a gross score of 84 and a net of 74.  

In the women’s category, Luhanga scored a gross of 92 and a net of 71 to scoop the first position, while Sophie Mlumbe with a gross of 97 and net of 75 came second and Zitta Rodrick came third Gross of 84 and a net of 79.

Issa Mmadi won the seniors category. The winners were presented with a trophy  and K250,000 each.

Mzanda was elated with his win.

“Getting to the golf course today, I approached the course with some positive energies and I planned my game. I started from hole number 5 with a par from four metres, which was a big motivation. I got two birdies and played level. It was a great feeling,” said Mzanda.

On her part, Luhanga said she had an amazing golf round on the course.

“I had a lot of boogies and a few pars, my drivers carried the day as I also got the longest drive, and as always NBS Bank delivers, their prizes and trophies are always top-notch. I am appealing to ladies out there to come and join this sport it’s good for networking,” said Luhanga  

NBS Bank Head of Corporate Frank Nakoma said they organize Monthly Mugs tournaments as one way of interacting with their clients while helping in uplifting the game of golf.

“Apart from motivating the golfers through the prizes that we gave them, we have also donated K1 million to the Country Club so that they can fix the golf course,” said Nakoma.

Castel Cup is back bigger!

… Sponsorship raised to K400 million 

Leading alcoholic beverage producers in the country, Castel Malawi Limited has affirmed its sponsorship of Castel Challenge Cup by hiking the package to K400 million from K320 million.

Castel Malawi introduced the football cup last year and after a successful run, the company has come back bigger, with this season’s launch set for Champions Stadium at Mponela in Dowa on Saturday. 

The company’s Head of Corporate Marketing and Communication, Lavern Chitakata officially announced the hike at Mpira village in Blantyre on Monday when, together with the Football Association of Malawi (FAM), conducted the draw for the first phase which involves teams from lower leagues from the Southern Region.

Chitakata expressed optimism of having a more successful season than last year where more talent was unearthed in the remote areas.

“From what we have learned from last season, we are aiming at growing the game even bigger. As announced, we are going to launch this edition in Mponela. It is another remote area, but we are trying to reach out to more regions and more districts. We will also have another kickoff here in the South and the other one in the North.”

“So as much as we are kicking off this weekend, there are two more games that we are kicking off in all the regions to make sure that people understand that we have come into the regions and we are moving forward,” said Chitakata.

Southern Region Football Association (SRFA) Chairman, Raphael Humba, promised fireworks from his teams in this competition.

“We are very grateful to Castel Malawi for bringing back the competition. We are expecting a lot from our teams and we are hoping to achieve more than what we achieved last season. We had Lipulumundu FC that faced FCB Nyasa Big Bullets at the national level and this season, we are looking past the Round of 64. With an improved package, we are expecting our teams to work hard and achieve more,” he said.

Apart from 16 super league teams, 99 teams from lower leagues will participate in this year’s competition. 

MAGLA donates K200 million relief items to Mangochi flood victims

The  Malawi Gaming and Lotteries Authority (Magla) has given Mangochi Municipal Council 5, 000 bags of maize flour and other relief items worth K200 million to support people of Mangochi district who have been affected by flash floods.

In an act of benevolence to mankind and as a matter of Corporate Social Responsibility (CSR), Magla’s donation was given out as quickfire response to appeals of  cries of the affected people in the district after rising water levels in Lake Malawi and its only outlet, Shire River over-stream flowed and subsequently destroyed the people’s households, livestock leaving tens of thousands displaced and destitute.

Apart from the 5,000 bags of 25 kgs maize flour, the betting regulator also donated 50 tents to those who need shelter and also social cash transfer of K50,000 to 500 people to alleviate the suffering of the people in the district.

Magla Director General, Rachel Mijiga, speaking after presenting the donation to the Mangochi Municipal Council said: “Our aim is to help relieve the victims’ suffering following the natural disaster. We were told that some relief items that were donated by the Department of Disaster and Management (Dodma) did not reach out to everyone, so we are here to fill up the gaps. We sympathize with the people who are going through hard times as a result of the flash floods.”

Mijiga said they visited Mangochi not as just representatives of an organization, but as fellow human beings moved by the plight of ‘our brothers and sisters affected by the recent floods in Mangochi’.

“The devastating floods have not only taken a toll on our homes and infrastructure but have also deeply impacted our spirit and resilience. In times like these, it is crucial for us to come together as a community, to support and uplift one another. It is in this spirit of unity that we at MAGLA have mobilized resources to provide relief items to those affected by this disaster,” said Mijiga adding that the relief items will be distributed to affected people around Mangochi boma all the way to Cape Maclear.

Receiving the donation on behalf of the beneficiaries, Traditional Authority Mapira thanked Magla for the timely donation, saying the relief food will cushion the suffering of the people.

“I thank Magla for the maize flour. My subjects are going through a difficult time. They lost everything to the floods and rising lake waters. They need help, and this donation will go a long way in easing the suffering,” he said.

Mangochi Municipal Council representative Kenneth Chimombo said: “The maize flour will ease the council’s burden in taking care of the victims, some of whom are seeking shelter in public facilities. We are grateful to Magla for this timely donation.”

“We hope other companies will follow Magla’s gesture of good will to come here and donate more basic needs items,” Chimombo added.

About 3,090 people from 525 households along the lakeshore have been displaced by the flooding caused by the swelling lake.

MAGLA is a statutory body established by an Act of Parliament charged with the responsibility of licensing of Gaming and Lotteries in the country.

The organization has the power to regulate all gaming and lottery activities and is tasked to undertake some ancillary and operational functions associated with these principal roles.

MAGLA was formed from a merger between Malawi Gaming Board (MGB) and National Lotteries Board (NRB).

The Authority’s mission is to regulate the Gaming and Lotteries industry to promote a positive social economic impact.

MITC award excites NBM Development Bank

NBM Development Bank Limited, a subsidiary of National Bank of Malawi (NBM) plc, says the recognition by the Malawi Investment and Trade Centre (MITC) Malawi Exporters Award  in the Best Financial Services category confirms its commitment in ensuring growth of the country’s SME Sector and economy. 

NBM Development Bank Limited was recognized alongside other companies during the opening session of the 34th Malawi International Trade Fair by President Lazarus Chakwera at Chichiri Trade Fair Grounds recently. 

According to the Bank’s General Manager, Bernard Masi, the Bank provides debt and equity capital to Small and Medium Enterprises (SMEs) within key target sectors and has served a lot of Malawian SMEs who have now grown their business and contributed to the economic development of the country in various ways.

“NBM Development Bank Limited is the development finance institution licensed by the Reserve Bank of Malawi (RBM) to serve the SME sector. It is one of the few institutions in Malawi which provides funding to business start-ups. NBM Development Bank Limited prides itself as the ‘game changer’ in SME finance in Malawi and has been operational since 2019.”

“With this award, we are greatly encouraged to do more to revolutionize the SME landscape in Malawi and we are very pleased to have achieved this milestone after only operating for four years” he said 

Recently, Executive Director of Uromed Clinic in Lilongwe, Dr Thandie Mabedi described the Bank as phenomenal after financing her idea of opening a Urology clinic in the city.

“What we had then was an idea to have the clinic offering specialized services, but we didn’t know how to raise funds as all the Banks could not fund us without any track record but  when we reached out to NBM Development Bank, they appreciated our idea and provided the financial support which included buying hospital equipment. We are now expanding to a bigger clinic, while offering jobs, and serving a number of people across the county,” she said.

Apart from Uromed, the Bank has also financed other export and import substitution SME businesses in Malawi.

LWB exonerates itself after CDEDI invoked ATI Actauction over the sale of Hino 500


…demands PPDA to suspend all public auctions on disposal of public assets

By IOMMIE CHIWALO

CDEDI Director Namiwa on duty


The Centre for Democracy and Economic Development Initiatives (CDEDI) has challenged the Public Procurement and Disposal of Assets Authority (PPDA) to immediately suspend all public auctions involving disposal of public assets, pending due diligence of all auctioneers amid strong fears of nauseating corruption and fraud in the auctioneering sector.

This follows the recent public auction at the Lilongwe Water Board (LWB) administered by KADO auctioneers and general which raise eyebrows as there are concerns over flouted procedures.

In a press statement made available to this publication, CDEDI Executive Director Sylvester Namiwa has since urged well-meaning Malawians to join in earnest the fight against corruption by blowing the whistle, and calling out those destroying the country through perpetrating fraud and corruption, especially dealing directly in public assets disposal.

Namiwa has also proposed the establishment of a special body to enforce standards and ethics in the countrys auctioneering sector to curb corruption and fraud.

The calls by Namiwa are necessitated by revelations that the situation in the auction sector has been worsened by the fact that the nation and, in particular the PPDA, focuses more on procurement, neglecting the equally important aspect of disposal of the assets, thereby giving some auctioneers chance to do as they please with public property earmarked for disposal.

The CDEDI Boss has therefore ernestly urged government ministries, departments and agencies to immediately stop dealing with KADO Auctioneers until it clears its name on this matter.

“In view of the above, CDEDI feels, in the interest of the public good, the PPDA should immediately stop KADO Auctioneers from administering any public auction until this particular matter is resolved,” he said.

Namiwa says though declared obsolete, most public assets have economic value that usually end up benefiting a privileged few instead of the nation, notably the poor majority whose lives could be saved with proceeds realised from public auctions if they did not end up fattening pockets of auctioneers and those connected to them as often happens.

“It is in view of this that CDEDI has taken keen interest in recent developments surrounding the disposal of an LWB Hino 500 truck, registration 5 SC 53 after receiving multiple complaints stemming from a public auction held at the LWB head office on April 27, 2024, where a number of items, including the Hino truck cited above were sold purportedly in the spirit of the PPDA Act,” said Namiwa.

And in reaction to the complaints, CDEDI has invoked the Access to Information Act (ATI) and wrote LWB Chief Executive Officer Silli Mbewe, demanding disclosures on how KADO Auctioneers were appointed to conduct the public auction, documents that facilitated the removal of the truck [5 SC 53] from LWB premises to the winning bidder.

“We also requested LWB to make public the Terms of Reference under which KADO Auctioneers was engaged and that they make public the LWB General Receipt (GR) as proof of payment and justification of K10 million said to have been the winning bid offer for the truck [5 SC 53], to which they promptly responded.

While commending LWB CEO for a prompt response, that denote commitment to transparency and accountability on the part of the CEO, Namiwa, called upon public servants to emulate the Silli Mbwewe.

According to the concerned bidders there was procedural flows that raised eyebrows over the matter insist that KADO Auctioneers violated some public auction laid down procedures.

For instance, there is a general outcry that the falling of the hammer on the Hino 500 truck (5 SC 53) happened in an irregular manner.

“They, in fact, claim that there were bids as high as K15 million but, surprisingly, the vehicle was given away to a K10 million bidder. It is further alleged that after noting the above anomaly, KADO Auctioneers arranged to re-auction the vehicle on May 11, 2024 to allow selected nine bidders make fresh bids yet it already issued both the notification to pay and a bid certificate in favour of Mr. Fabiano Mneyi on April 30, 2024,” narrates Namiwa.

There are also reports that on the proposed date for re-auctioning the vehicle, a Mr. Fabiano Mneyi, stormed LWB premises in the company of police officers with a warrant of arrest for a Mr. Samuel Kazembe.

In a dramatic turn of events, Mr. Mneyi, through a letter dated May 15, 2024, withdrew his case against Mr. Kazembe for understandably issuing a gate-pass allowing the removal of the truck, 5 SC 53 from LWB premises.

“If the story above is anything to go by, we at CDEDI fear that the above matter, which has all markings of suspected corruption and fraud, is only a tip of the iceberg; otherwise, there is a lot happening behind the scenes in the pretex of disposal of public assets through auction,” he said.

But in its response letter, LWB has insisted that the auction followed all the procedures.

TNM promotion, Tikolore to boost agriculture

Pioneering Malawian mobile network services provider TNM Plc has launched its 2024 season of Tikolore, a promotion that celebrates the harvest season with farmers and provides inputs for the next season.

This year’s grand prize is a brand-new Toyota Hilux pick up while the other prizes such as inputs of fertilizer and water pumps have been carefully selected to help boost the farmers in the coming farming season.

Said Marketing Director Sobhuza Ngwenya; “Tikolore promotion reflects TNM’s strategy towards contributing to the country’s agriculture sector. In a year when El Nino which brought drought and reduced output, the importance of irrigation agriculture and related energy technologies needs no further emphasis.”

He said as a technology-driven company, TNM Plc recognizes that agriculture technology and mechanization represent the new future of Malawi’s agrarian economy.

“TNM being a technology-driven company appreciates the need to collaborate with our customers to contribute towards improving crop yields through the Tikolore Promotion,” said Ngwenya.

In recent years the promotion has been an effective tool that strengthens the relationship between TNM and Malawians, in the process highlighting TNM’s commitment to the economic development of the country.

The Marketing Director said the Tikolore Promotion demonstrates TNM’s appreciation to customers for choosing the company as a trusted telecommunication provider.

“The essence of this promotion lies in our deep-rooted commitment to appreciate and celebrate our customers as they rejoice after the growing season. This is a tribute to their resilience and unwavering spirit, which fuels our journey toward sustainability and prosperity,” said Ngwenya.

Customers will have the chance to participate in this exciting promotion with every K1000 usage on TNM products or Mpamba each week. Another option to enter is to refer 3 customers to register on Mpamba and that becomes an entry into the lucky draw. The entry will qualify them for weekly and monthly draws where they have chances of winning fabulous prizes.

“With transactions of K1000 a week on TNM services, customers will earn entries into the weekly and monthly draws. This will be a build up to the grand prize draw, where one lucky winner will drive away with a brand-new pickup truck, perfectly suited for rural adventures and farm hauls. Other prizes include Water pumps, Gas Stoves, Fertilizer, and TNM products,” he said.

NBM Plc splashes K9 million ‘Popanda Chifukwa’

Listed National Bank of Malawi (NBM) has splashed K9 million to 14 lucky winners to mark the end of the ‘Popanda Chifukwa’ promotion. 

The Bank conducted the grand draw on Friday in Blantyre, which saw four lucky customers walking away with K1.5 million each for transacting through POS and MoPay, while 10 others won K300,000 each in the K60.8 million promotion.

‘Popanda Chifukwa’ promotion was launched in December last year and ended in April to promote the usage of NBM Plc’s digital platforms like Mo626 Pay (MoPay), and POS machines.

The four grand winners are Agness Matapa, Ernest Amon, Trizah Phiri, and Doris Malazi Malikita.

NBM Plc Head of Digital Financial Services William Kaunda, said the promotion served as an opportunity to recognize and appreciate the loyalty of their customers who continue to choose NBM Plc as their preferred financial partner.

“Our esteemed MoPay merchants will not be left out. The top five with the highest number of transactions will receive a special gift pack of NBM-branded materials, appreciating their valuable contribution to this promotion.”

“During the promotion period, we are pleased to announce that we have achieved our objectives in terms of transaction value and number of transactions that grew by 36 percent and 55 percent respectively,” said Kaunda.

The final draw included the April monthly draw which saw 30 winners walking away with gift packs, while 40 lucky customers received 50 percent cash back and three others got K150,000 each.

TNM Mpamba, MASM upgrade payment system

Blantyre, May 26, 2024 –TNM Mpamba Ltd, a wholly-owned subsidiary of TNM plc is proud to announce the upgrade of its payment system with Medical Aid Society of Malawi MASM aiming to enhance the convenience of their mutual customers.

The innovation is a continuation of innovative strides by TNM Mpamba Ltd to deepen financial inclusion and further widen scope of the country’s mobile payment ecosystem. It will enable instant and automatic updates of payment subscriptions made directly on Mpamba.

TNM Head of Brand and Marketing Madalitso Jonazi said that with the new payment upgrade, transactions on Mpamba are processed instantly, allowing real-time updates on premium statuses of customers.

“TNM Mpamba has a steadfast commitment to simplifying transactions and enhancing customer experiences. Therefore, together with MASM, we have made a comprehensive payment upgrade aimed at revolutionizing the way health premium transactions are conducted,” said Jonazi.

This upgrade, according to TNM will revolutionize the way MASM customers access and manage their health insurance contributions ensuring greater accessibility and efficiency.

“At TNM we understand that we are living in a fast-paced world where convenience and efficiency are paramount, especially for the healthcare sector. Gone are the days of lengthy processing times, as such the upgrade has eased efforts for both MASM and policyholders,” he said.

Commenting on the development, Dr Macfenton Shariff, Chief Commercial officer at MASM has expressed enthusiasm about the positive impact of the payment upgrade.

“At MASM, we are happy to see our partnership with TNM Mpamba blossoming impactfully to our valued customers. This latest payment upgrade represents a significant step forward towards redefining the landscape of health insurance transactions, making them more accessible, efficient, and secure than ever before,” said Shariff.

He added that with TNM Mpamba, when MASM members make their monthly contributions, the payments will automatically update their MASM membership account.

This is convenience at your doorstep right in the comfort of your home and there is no need for proof of payment as has been the case previously,” he said.

Zeze, Saint, Piksy to spice up Trade Fair

Malawi’s celebrated artists Zeze Kingston, Saint Realest, and Piksy will headline this year’s Malawi International Trade Fair set for May 23-29 at the Chichiri Trade Fair grounds in Blantyre.

According to the organizers of the Fair, Malawi Confederation of Chambers Commerce and Industry (MCCCI), the artists have been engaged to hype up the 34th Fair which President Lazarus Chakwera opened Thursday.

MCCCI Communications Executive, Orama Chiphwanya said all the artists have confirmed to perform at the event, starting with Saint Realest on Saturday, while Piksy, fondly called ‘Chimfana chodziwika ndi Boma’ will take over the stage on Sunday, and Zeze on Wednesday next week.

“The exhibition will showcase various industries and sectors that exemplify the private sector.

From manufacturing and technology to agriculture and value-added services, the 34th MITF will provide a platform for local and international delegates and exhibitors to connect, collaborate, and explore new business opportunities.”

“To enhance the experience of our participants this year but also to help our exhibitors boost their brand visibility, generate leads, and directly engage with potential customers, MCCCI will hold some contest promotions where patrons will stand a chance to win prizes by completing specific actions, apart from having the three celebrated artists performing live,” said Chiphwanya.

The ‘Una’ star, Saint Realest confirmed his availability to dish out tracks from his recently-released album Ah Yami.

“As usual, we are ready to entertain the people at the Trade Fair with our music. All they can do is just avail themselves to appreciate the products to be displayed at the Fair while enjoying the performance,” said Saint.

The 34th Fair will run under the theme, ‘Boosting Malawi’s Export Capacity through Enhanced Production.’

NBS Bank Plc equips staff on data protection 

NBS Bank Plc has taken a significant step in ensuring its members of staff are equipped with data privacy information skills by training them about the just-assigned Data Protection Bill.

NBS Bank Plc Head of Compliance Vitumbiko Gubuduza said in an interview yesterday that the aim of the training is to familiarize staff members with the newly enacted Data Protection Act and instill confidence in the market regarding the Bank’s proactive stance on customer data protection.

“This initiative underscores the Bank’s commitment to safeguarding customer information and ensuring compliance with evolving regulatory frameworks. The training will also help staff to know how to handle customer information as they make sure internal processes comply with the new bill.”

“The staff members are central to data privacy and key stakeholders. We cannot proceed to comply with a law before we make sure our staff understands the requirements under the law and ensure that our internal processes are updated for seamless compliance. They must therefore understand the demands of this law,” said Gubuduza.

She added that the initiative by NBS Bank Plc demonstrates its proactive approach to compliance and underscores its commitment to fostering trust and confidence among its customers.

“By investing in staff training and aligning internal processes with regulatory requirements, the Bank is poised to uphold the highest standards of data protection, thereby strengthening its position as a responsible financial institution. NBS Bank Plc’s dedication to data protection sets a precedent for other organizations to prioritize the protection of customer information and embrace regulatory changes as opportunities for improvement and growth,” explained Gubuduza.

Limbe Service Centre Manager Twaibu Mnani said the training helped them understand how to handle customers’ personal information.

“The introduction of the Data Protection Act will assist in building trustworthy relationships with customers. We have been taught how to appreciate customers’ privacy by among other things never to take photos unnecessarily unless with consent from customers,” said Mnani.

The Data Protection Act received presidential assent from President Lazarus Chakwera in February this year and aims to establish a comprehensive legal framework for regulating the processing and movement of personal data of natural persons, in line with internationally accepted data protection principles.

In February this year, President Lazarus Chakwera assented to the bill seeking to provide for a comprehensive legal framework for regulating the processing and movement of personal data of natural persons, in compliance with internationally accepted data protection principles.

NBM Plc bankrolls Beerland Festival with K15 million

National Bank of Malawi (NBM) plc has pumped K15 Million in the Beerland Fesktival which will feature South African Amapiano superstar Young Stunna this weekend in Blantyre.

In her speech after presenting the symbolic cheque, NBM Marketing and Corporate Affairs Manager Akossa Hiwa said the support aims to enhance the nation’s cultural fabric, promote economic activities, and provide a platform for electronic banking services to reach a broader audience.

“We are thrilled to announce our sponsorship of K15 million towards the Young Stunna event, reaffirming our commitment to fostering community ties and promoting our innovative electronic banking solutions.”

“As a leading financial institution in Malawi, National Bank of Malawi (NBM) plc is committed to supporting initiatives that drive community engagement and cultural development,” said Hiwa.

She added that at the event, more than 28 merchants are expected to participate by selling a variety of items and utilizing NBM plc’s MoPay and PoS systems as their primary modes of payment, which showcases the convenience and efficiency of NBM plc banking services.

Beerland Festival Chief Executive Officer (CEO), Lucy Msowoya thanked NBM plc for their generous sponsorship. 

“This incredible support not only highlights National Bank’s commitment to fostering cultural and entertainment excellence in Malawi, but also strengthens our shared vision of creating unforgettable experiences for our community,” said Msowoya.

Apart from the sponsorship, NBM plc will also splash K3.5 million cash prizes to customers using MoPay and Mo626 platforms during the show and when purchasing tickets.

Local artists sharing the stage with Young Stunna at Moneymen Ground this Saturday include Onesimus, Gwamba, Eli Njuchi, Malinga, and Temwah.

Mai Mbambande hails Dr Triephornia Mpinganjira for buying fundraising tickets worth K1.9million

Mai Mbambande Foundation, a non-profit organization dedicated to improving the lives of senior citizens, has expressed its heartfelt gratitude to businesswoman Dr. Triephonia Thomson Mpinganjira for her generous support.

In a post on their Facebook page, the foundation wrote: “A big thank you to Dr. Triephonia Thomson Mpinganjira for buying 30 VIP tickets and 20 Standard tickets for our upcoming fundraising dinner amounting to K1,900,000. Words are not enough to express our gratitude for your relentless kindness toward our cause of making life better for our senior citizens. May God bless you richly.”

The fundraising dinner, scheduled for May 31st at the Glalle Complex in Lilongwe, aims to raise funds for the completion of the Mai Mbambande elderly home. The event promises to be an exciting evening with live music, dances, drama, and games with the elderly.

Dr. Mpinganjira’s generosity has not gone unnoticed, with the foundation’s leader, 24-year-old Deborah Mbale, expressing her appreciation for the business tycoon’s support.

“We are grateful for your kindness and support. Your contribution will go a long way in making a difference in the lives of our senior citizens,” she said.

The Mai Mbambande Foundation is a beacon of hope for the elderly, providing them with food, accommodation, and other basic necessities. The organization’s efforts have made a significant impact in the lives of many senior citizens, and with the support of individuals like Dr. Mpinganjira, they hope to continue making a difference.

As the foundation wrote on their Facebook page: “Zikomo koopsa. Mai Mbambande Foundation, a Beacon of Hope for the elderly.”

Dr. Kabambe to be Guest of Honour at Tamandani Chauta Album Launch in Zomba, also attends Mass at Zomba Cathedral

Dr. Dalitso Kabambe, former Governor of the Reserve Bank of Malawi, will be the Guest of Honour at the launch of Tamandani Chauta’s album by the UNIMA CSO Choir at Robins Park in Zomba today.

According to Dr. Kabambe’s Facebook post, he will attend the launch after attending Mass at the Zomba Cathedral in the morning.

“It is so good to be in the House of the Lord… and let’s meet at Robins Park this afternoon to sing unto the Lord,” he wrote.

The album launch will be hosted by award-winning comedian Mr. Jokes (born Andireya Khonyiwa) and will feature supporting artists and several performing choirs, including UNIMA CSO Alumini Choir, St. Charles Lwangwa Choir, UNIMA CCAPSO Choir, St Anthony Choir (Thondwe), Zomba Cathedral Choir, UNIMA NNASCO Choir, and Zomba CCAP Choir, among others.

Dr. Kabambe’s presence at the launch is expected to add a touch of elegance and dignify the event, which promises to be a memorable one for music lovers in Zomba.

The launch of Tamandani Chauta’s album is a highly anticipated event in the music circles of Malawi, and with Dr. Kabambe as the Guest of Honour and Mr. Jokes as the host, it is expected to be a resounding success.

Dr. Kabambe is fondly remembered by all Malawians for bringing stability to the Malawian economy, which resulted in low prices of basic needs and services.

During his time at Reserve Bank of Malawi, Dr. Kabambe managed to reduce inflation rate to a single digit within the first year from 24% to 7.1% in 2017 and effectively manage the exchange rate, keeping it stable at K732 to the US$.

His achievements have left a lasting impact on the country’s economy and have made him a respected figure in Malawi’s financial sector.

Pacers Netball Club Excites Sponsors Ecoride with Resounding Victory

 

Pacers Netball Club, sponsored by Ecoride, thrilled their backers with a dominant 49-22 win over Standard Sisters in their inaugural match in the Blantyre and Districts Netball League on Saturday.

Ecoride CEO Pilirani Namalomba praised the team’s exceptional skills and teamwork, saying, “We’re delighted to see our sponsored team start the season on a high note.”

Comprised of MUBAS graduates, Pacers Netball Club received brand-new kits from Ecoride as part of their sponsorship package. 

This partnership benefits both parties, with Ecoride’s support enabling the team to focus on their game while their success brings exposure and pride to the Ecoride brand.

With this convincing win, Pacers Netball Club sets the tone for a promising season ahead, and Ecoride’s backing is sure to propel them to even greater heights. 

Ecoride are the brains behind Acoride Taxi App which connects Taxi Drivers and Customers.

The Blantyre and Districts Netball League is sponsored by Rainbow Paints.

Hip-Hop Artist Tay Grin Slams Magu University for Cancelling Performance Due to Cultural, Religious Intolerance

International award-winning and Iconic Hip-hop Artist Tay Grin, born Limbani Kalilani, has expressed profound disappointment and concern after Malawi Assemblies of God University (Magu) cancelled his scheduled performance at the institution’s Mr. and Miss Magu event. 

The university’s Vice Chancellor cited that Tay Grin’s music is rooted in Nyau culture, which is deemed incompatible with the institution’s Christian values as an Assemblies of God affiliate.

Tay Grin has spoken out against the decision, emphasizing the importance of cultural inclusivity and respect for diverse heritage.

 In a press statement posted on official facebook page, he said, “How can a church-affiliated institution, which should embody principles of inclusivity and acceptance, choose to segregate and censor cultural expression? This decision is not only baffling but also deeply troubling.”

The artist, known for his pride in his Nyau heritage, highlighted the irony of the situation, stating, “The event features a traditional section meant to celebrate our diverse heritage. This blatant contradiction exposes a troubling double standard that warrants serious reflection and discussion.”

Tay Grin called upon his fans and supporters to join him in advocating for cultural inclusivity, emphasizing that culture and tradition are the bedrock of identity. 

He urged, “Let’s question why certain traditions are celebrated while others are shunned. Let’s challenge the norms that seek to divide rather than unite.”

The artist’s statement resonated with his fans, who took to social media to express their support and solidarity. 

Many condemned Magu University’s decision, labeling it as intolerant and discriminatory.

Tay Grin’s message of inclusivity and respect for cultural diversity has sparked a broader conversation about the importance of embracing all cultural expressions, regardless of religious affiliations. 

As he aptly put it, “Let us stand together in advocating for a world where all cultural expressions are honored and respected.”

Tay Grin’s statement has sparked a wider conversation about the relationship between religion and culture in Malawi. 

While Magu University’s decision has been criticized for its intolerance, other churches in Malawi have been embracing and celebrating local culture.

For example, the Catholic Church in Malawi has a long history of incorporating local culture into its practices. The Mua Mission in Dedza, a renowned Catholic mission, is a prime example. 

The mission has been promoting and preserving Malawian culture through its museum, which showcases traditional artifacts and artwork. 

The mission also encourages local artists and craftspeople to showcase their talents, providing a platform for cultural expression.

Furthermore, the Catholic Church in Malawi has been incorporating local languages and customs into its liturgy, making it more relatable and accessible to the local community.

 This approach has helped to promote a sense of ownership and inclusivity among the faithful, demonstrating that religion and culture can coexist and enrich each other.

In contrast, Magu University’s decision to cancel Tay Grin’s performance has been seen as a missed opportunity to promote cultural understanding and inclusivity. 

By embracing and celebrating local culture, institutions like Magu University can play a vital role in promoting national identity and unity.

ICTAM Best Digital Bank award elates NBM plc

National Bank of Malawi (NBM) plc says it is motivated to grow their digital services delivery following the Best Digital Bank recognition by Information Communication Technology Association of Malawi (ICTAM) for the second successive year at the 2024 ICT Expo in Lilongwe last weekend.

NBM plc’s Head of Digital Financial Services, William Kaunda said the Bank values the award coming from the astute professionals who are knowledgeable with the inner workings of digital services.

“This award is a testament that the Bank is able to utilise the available environment to offer the best to its customers. We believe that digital services ought to be at the centre stage of the Malawi 2063 Agenda and the Malawi Digital Economy. As such, we believe that, as a Bank, we have to be responsive to the agenda by not only making sure that digital financial services are entrenched in our communities but also ensuring that communities are digitally and financially included.”

“To this effect, various programmes have been aligned to ensure that new, focused products and services are rolled out to provide a platform for such. From mobile, to internet, to cardless, to ATMs, to card services to POS, to international card use, we stand unmatched,” said Kaunda.

He further indicated that the award challenges the Bank to do more and continue to offer the best on the market.

Kaunda with the award

“The award is also expected to cement the deserved position of digital banking services being offered by the Bank. We are positive that the award, being a recognition of the strides made by the Bank, is expected to propel further the innovations currently in the pipeline so that our customers should continue to enjoy the best from the best.”

“Our customers are also expected to see a rejuvenated provision of digital banking services. Our customers should therefore look forward to more responsive digital services that bring meaning into their lives in this year and the years to come.”

“We rolled out a few products on Mo626 in the recent months that are already having an impact in the payments sector. This year, we are rolling out more customer focused products that are responding to customer financial needs,” he said.

ICTAM’s Executive Member responsible for Corporate Relations, who was also the 2024 ICT Expo organising chairperson, Moses Dossi Junior said this year’s nomination and voting was different as it was opened to the public.

“ICTAM facilitates the process of nomination and voting. ICTAM puts across the categories and the reason, so that the general public should be guided. This time, we opened to the public to nominate and vote for their best digital bank with reasons, and NBM plc was voted to be the winner,” he said.

Kalemba opens K89 million church

By Petro Mkandawire

Blantyre, May 13, Mana: Right Rev. Bishop for the Anglican of Southern Malawi, Alinafe Kalemba, on Sunday led members of St. Andrews Anglican Church, popularly known as Kachere Chigodi, in the opening of an K89 million newly built church whose construction started in 2018.

Speaking during the event at Kachere Township in Blantyre, Kalemba encouraged the Anglican faithful to take the church as a spiritual entity, symbol for heaven and centre for stress relief.

He said churches need to agree and come together in order to bring solutions to problems and suffering people are going through.

“There are a lot of things that are distracting and causing harm to people. So, churches must be a place and centre where people can easily find unity, harmony and peace as it is the purpose which God created the church for,” said Kalemba.

He, therefore, expressed gratitude over the new structure, saying the house should not be a business institution instead it has to be a house for everyone who wants to find the holy spirit, repent as well as receiving their needs from God.

Kalemba blessed the new altar by sprinkling holy water followed by Wardens and Chairperson of the organizing committee, Venerable Lymon Sonjo, together with John Bande, Member of Parliament for Blantyre City East, who was also the guest of honor, in blessing the church.

The litany for all saints was recited all over the church and a special prayer from the book of Chronicles 7:1 – 10, Mark 11:15 and John 4:23 marking the church a Holy building as all bishops offered incense to it.

Speaking earlier, Bande said construction of the church shows that the congregation is development conscious.

He said, apart from serving God the savior, the community were indirectly contributing towards government efforts in making sure that the country’s infrastructure is of good quality.  

“I would like to encourage church members that this should just the beginning; the work of God starts from here as you plan to reach out to other people so that they can hear the word of God and also be blessed as they repent as well as receive the holy spirit,” said Bande.

Drama and music by Ndirande Anglican Voices, Chichiri Anglican Angels, Chigodi Praise Team were some of the activities that spiced up the event while singing recessional Hymn No. 294.    

NBS Bank Plc supports Malawi-India meeting with K3.1 million

NBS Bank Plc has sponsored the Malawi-India meeting with K3.1 million to provide a networking session for the Indian delegation on a seven-day visit to explore investment avenues in Malawi.

Speaking during the meeting on Wednesday, NBS Bank Plc Deputy Chief Executive Officer Temwani Simwaka said the Bank recognizes MITC’s relentless efforts in promoting international trade aligned with Malawi’s Vision 2063.

“NBS Bank Plc is proud to contribute towards this vision by facilitating economic connections that transcend borders. At NBS Bank Plc, we recognize the critical role of robust financial services in catalyzing business growth and economic development.”

“Let NBS Bank Plc be your partner in this journey. At NBS Bank Plc we exist to make banking easy therefore we are more than just observers of growth; we are enablers of growth, dedicated to making cross-border business as straightforward as possible,” said Simwaka.

She added that NBS Bank Plc offers comprehensive corporate banking solutions tailored to meet the unique needs of businesses here today.  

In his remarks, MITC Chief Executive Officer (CEO), Paul Kwengwere thanked NBS Bank Plc for the support which signifies the Bank’s commitment to promoting trade and investment in Malawi.

“NBS Bank has been a partner of MITC for many years. The K3.1 million sponsorship further cements our collaboration. NBS Bank Plc is a partner helping us focus on advancing and implementing the National Export Strategy II (NES) through strategic investment partnerships,” said Kwengwere.

Malawi’s High Commissioner to India Leonard Mengezi, commended MITC for orchestrating the forum, affirming its role in nurturing business synergies between the two nations.

“MITC’s initiative in organizing this forum underscores the importance of fostering robust partnerships between Malawi and India. There are ample opportunities awaiting exploration in Malawi, and I encourage our Indian counterparts to venture into these promising sectors,” said Mengezi.

Mengezi is leading the 34-member Indian delegation interested in investing in healthcare, agro-processing, textile manufacturing, assembling computers, cement manufacturing, fertilizer manufacturing, defense cooperation, and mega-farms.

The Indian delegation includes members of the India Africa Trade Council, an arm of the Indian Economic Trade Organization (IETO).

Standard Bank enhances Funeral Plan cover

By Michael Nasiyaya

Standard Bank Plc has announced improvements to its Funeral Plan cover by extending the offering to Malawians in the diaspora and introducing the additional benefit of tombstone cover on its new VIP and Diaspora plans.

The latest improvements to the offer emphasize Standard Bank’s commitment to serve customers throughout all stages of life, including during the unfortunate demise of an insured member or any dependent covered under a funeral policy. The “Last Mile to Lasting Memories” cover is replete with a tombstone after a year of the funeral and extends to the bank’s customers in the diaspora.

Charity Mughogho, the Executive Head of Personal and Private Banking said the improved funeral plan offer comes in three new packages of Premium, Diaspora Gold and Diaspora Platinum and is offered in partnership with Nico Life.

“Our funeral plans aim at relieving bereaved families of the financial burden of managing a funeral and the subsequent tombstone cost at the one-year anniversary.

The Bank is also aware that for most Malawians it is customary to erect a tombstone at the one-year anniversary and we want to walk every step of the journey with our clients hence the addition of tombstone at this significant milestone,” she said.

Mughogho said the improvements to the Funeral Cover speak to the bank’s commitment to provide a holistic service to customers beyond daily financial transactions.

“We realize that after the last mile for our insured clients and their dependents, the remaining family members are left with the obligation to build a befitting final resting place for their loved one which includes a tombstone that provides full dignity and preserves fond memories.

This cover has been designed to cater for this need, while converging all customers groups in Malawi and abroad,” she said.

Mughogho said Standard Bank fully appreciates the emotional strain and logistical hurdle families face when repatriating the remains of loved ones.

The two new Diaspora Funeral Plans (Diaspora Gold and Diaspora Platinum) come with higher limits to make repatriation easier for bereaved families.

The improvements to the funeral cover are testament to the Bank’s dedication to providing innovative and comprehensive solutions for Malawians both home and abroad, she said.

The Premium and Diaspora Funeral Plans are an addition to the suite of the bank’s funeral packages designed to cater to the special needs of customers seeking a complete and dignified farewell for their loved ones.

“The Premium Funeral Plan stands out as a comprehensive offering, tailored to provide an elevated level of support and comfort during a challenging period.

“With our unwavering commitment to customer-centricity, Standard Bank has accurately designed this plan to offer not only financial coverage but also personalized assistance to bereaved families,” said Mughogho.

The premiums range from MK1,400 per month for Mtendere Funeral Plan for a family of up to eight members to the newly enhanced top of the range Premium Plan at MK30,000 for six members and Diaspora Funeral Plans.

VP’S CASE: ACB GUARDIAN OF JUSTICE OR POLITICAL PUPPET?

There is something that our esteemed journalists are not telling us about the dropped case involving Vice President Saulos Chilima.

We needed a critical analysis of facts and circumstances surrounding this case which has a huge bearing on ACB’s credibility as an institution expected to advance interests of justice.

Indeed by now legal scholars and indeed those versed with expertise in the criminal justice system should have helped to make matters clearer.

From where I stand this is a classical case in which the ACB has completely failed it’s duties. It only has itself to blame. The ACB narrative that it is committed to fight corruption, under the current leadership, is as fake as Bridgin Foundation’s $6.8 billion grant to Malawi.

Here is my reflection:

Politically Motivated Arrest

From the word go, the ACB did not have to arrest Chilima. It was politically motivated.

Did they really have to arrest the Veep? I say no a summon was enough. Here is someone second in command and surely not a flight risk – an arrest was not necessary. Prior to the arrest, both MDF and Police were notified of the assignment. They were deployed in full force. ACB staff members and World Bank staff at Mulanje House which houses the Bureau’s HQ were asked not to report for duties on that day. Why all this fuss? ACB would unlikely ask for deployment of military and police. Someone did. It was all a show to embarrass number 2 as part of a power contest within Tonse Alliance.

Why the arrest in the first place when a summon could have done? It was a show to vilify Chilima.

Mind you the arrest came just few months after the President illegally withdrew delegation of powers from his Vice even when he had said the report from the ACB did not show any wrong doing on the Veep. This was a substandard report according to the President. But he used the same to withdraw delegation of functions.

Do you see what I see?

Do you know that the Veep was the first person the Bureau arrested after an amendment to the law that allowed the Bureau to effect arrest without seeking consent from the DPP for CPA related offences in relation to Zunneth Sattar linked cases?

Secondly, the framing of charges was as suspicious as the arrest itself. He was accused of receiving $280, 000 but later dropped to simply say unspecified amount of money and another was added breach of public trust. Geez!

The change came almost a year after the arrest. It was after the Bureau realized the defence led by Kalekeni Kaphale were up to the task to defend their client from the politically motivated arrest.

If it were in South Africa and other advanced democracies the mainstream media would have a party of scathing analyses. It is about accountability for some decisions.

Court Process

Unlike other suspects such as Kezzie Msukwa, George Kainja and others, the Veep never challenged his suspicious arrest. He believed in the judicial process as the only way out. He followed even the stupidest of bail conditions which required him to report to the Bureau just to ascertain them he was around. It was a shock to the court especially for someone who is under police guard 24/7. The bureau submitted to the court that they didn’t trust the police. The same police they deployed to arrest Chilima. Justice Kapindu refused to buy this line. It was amateurish. Nonsensical.

Chilima religiously attended to all court proceedings without an excuse.

Then came the issue of disclosures from MDF; the revealing documents. The documents literally showed that the contracts Chilima was accused of influencing were approved months before by the President himself.

ACB told the court that it had trouble to get these disclosures from MDF. Defence had to push the state to provide these through the court.

It was at this time that the script started falling apart. The masterminds were now nervous; the truth would be known. It was at this time that two radio stations that had volunteered to broadcast proceedings – potentially to expose the suspect withdrew their application to do so. They were advised not to proceed because the script had backfired. Such broadcast would embarrass the mastermind.

Since then the national security card has been advanced to protect real culprits.

Why the Discontinuance

When Justice Kapindu ruled that the disclosures may be needed later in the court of trial, the mastermind was troubled. They saw danger.

But Kapindu had also indicated that the documents were indeed sensitive and if the state wanted to pursue the case then it had to sacrifice what they wanted to protect or better still drop the case.

Then came the US travel ban that did not include the Veep. The US is on record to have indicated that it’s decision to ban the four was based on credible information.

So there was no credible info against the Veep? Exactly, that was the meaning.

What did we see? Veep delegated to Tanzania to attend the Union Day on behalf of the President. What a coincidence. Was this some guilty conscious?

And then the case is discontinued!

I would applaud the current Director for Public Prosecution for this thoughtful decision. This arrest was unnecessary. Let politician fight on political podiums to outdo each other not the courts. Former DPP Steve Kayuni wanted to stop this nonsense but was vilified and labelled a ‘corrupt one’. For simply different with the ACB boss – a warrant of arrest was issued against him. Typical abuse of power. Using the bureau to fight personal battles?

Politically motivated cases are a huge drain to public resources. We need to avoid this. More importantly, we need to interrogate decision making processes at ACB. It shouldn’t be a weapon to fight political opponents. Just how did the bureau arrest the Veep for influencing award of contracts in MDF when he does not have any powers in MDF transactions? To have influence you need have power over an institution.

While I commend our esteemed Journalists for a job well done in covering these cases, I still feel more should be done to contextualize issues and expose the-behind the scene manipulation of the Bureau which is costly to taxpayers.

NBM Plc re-affirms growth in Mozambique, Zambia

National Bank of Malawi (NBM) plc has re-affirmed its growth strategy plan to expand to two more countries in Africa as a way of penetrating the cross-border market. 

Last year, the Bank unveiled its five-year strategic plan, which included penetrating into Mozambique and Zambia on top of acquiring Akiba Commercial Bank in Tanzania.

Speaking at this year’s Stakeholders Engagement session in Lilongwe Monday, NBM plc Board Chairperson, Jimmy Lipunga said so far the Bank has made great strides in establishing the business in Mozambique. 

“As part of our growth, we discovered that we can penetrate other markets across the borders, just like other Banks got into Malawi. We realized that there is an opportunity to market our products which are not available in other countries, like Mo626 and others. So far, we have made great progress and we will soon be announcing our first move to one of the African countries,” said Lipunga.

On the performance of Akiba Commercial Bank, the NBM plc Board Chairperson disclosed that the Bank’s performance has been improving with the greatest one being last year when its loss reduced to less than K1 Billion as compared to the previous year when it was slightly over the amount. 

“When we acquired Akiba Commercial Bank, we knew we would be making losses because we wanted to grow the Bank. Over the past years the aim has not been making profits, but growing it. We are glad that we are now seeing the fruits,” he said.

NBM plc Chief Executive Officer (CEO) Macfussy Kawawa also highlighted his optimism on the turn-over strategy at another associate company United General Insurance Company (UGI).

It was indicated during the engagement meeting that UGI has also made strides in reducing its losses to about K26 million from a billion the previous year. 

“So, the main aim of the engagement session was for us to interact with our customers and share our growth plan and what we have achieved so far, so that we are on the same path in whatever developments take place within the Bank,” said Kawawa. 

One of the stakeholders, Semacia Kombe commended NBM plc for the stakeholder’s engagement session saying that gives them an opportunity to provide feedback on other operations by the Bank. 

“Being a stakeholder and a shareholder, I need to know how my Bank is performing. I therefore commend NBM plc for their transparency in how the Bank is being run,” she said. 

The engagement session was attended by various stakeholders including majority and minority shareholders.

NBS Bank Plc gives K24 million to MUST underprivileged students 

NBS Bank Plc has supported four Malawi University of Science and Technology (MUST) underprivileged students with K24 million.

The donation falls under the Bank’s scholarship program which was implemented to empower the youth by enhancing their secondary and tertiary education.

NBS Bank’s Head of Treasury Sales, South,  Dindwase Jere said the Bank did not hesitate to help when approached, because of its passion for youth development and the promotion of education.

“As NBS Bank Plc one of our core areas for Corporate Social Responsibility (CSR) is education, so this request came as a no-brainer. We are also making inroads on the business front and we look forward to a long fruitful relationship. We thank MUST for offering this opportunity for partnership,” said Jere.

MUST Vice Chancellor Professor Address Malata thanked NBS Bank for the support which she said will go a long way in shaping the student’s future.

“Students face a lot of challenges, that is why as a university we make efforts to ensure they have the required resources. You may wish to know that we also introduced the MUST Endowment Fund so that we are able to deal with such challenges at the University level,” said Malata. 

The donation is intended to cater for the tuition fees, as well as the upkeep of the students for their duration of studies at the University.

NBM plc engages stakeholders

National Bank of Malawi (NBM) plc customers have been accorded another chance to interact and learn more about the Bank’s products at a Stakeholders Engagement forum to be held on Monday at Bingu International Conference Centre (BICC) in Lilongwe.

This will be the second forum for the Bank to conduct following a successful session in Blantyre last year.

NBM plc Head of Legal Services and Company Secretary Zunzo Mitole said they expect another successful Stakeholders forum building from last year, and that customers will be able to provide the needed feedback to the Bank.

“This session will showcase the Bank’s accomplishments, introduce latest initiatives, and outline strategic focus for 2024 and beyond. The event serves as a crucial platform to gather insightful feedback and strengthen relationships with stakeholders,” Mitole said.

One of the invited stakeholders Gilbert Ganiza expressed excitement saying NBM plc should be engaging with its customers regularly.

“We normally have issues including complaints and suggestions on how our Bank can improve on some services, but we lack platforms where we can do that. Sometimes we also wish to know how our Bank is growing and the strategies it has put in place to achieve such growth, but we do not have such opportunities because of limited time during the Annual General Meetings,” he said.

During last year’s engagement meeting, the Bank took time to expound its growth strategy, including expansion to two more African countries.

NBS Bank commits to supporting groundnut farmers

NBS Bank Plc has committed to supporting local farmers and stakeholders within the groundnut value chain in the country.

The Bank’s Chief Executive Officer (CEO) Dr. Kwanele Ngwenya made the commitment at a cocktail party during the Pyxus Agriculture Malawi 2024 Groundnut Tour, which NBS Bank supported.

The Groundnut Tour, took place from 16th to 19th April 2024 in Lilongwe and surrounding districts, showcasing Malawi’s growing groundnut industry and to foster collaboration amongst the key players and stakeholders, thereby pushing the discussions around a robust agricultural future.

In his remarks at the cocktail, Ngwenya commended Pyxus for its relentless efforts in researching and promoting groundnut production.

“Pyxus has been instrumental in advancing agricultural practices in Malawi. These initiatives not only bolster Malawi’s economy but also reduce our dependence on imports and enhance our export capabilities, thereby strengthening our foreign exchange capacity.”

“The groundnut sector holds vast potential for the Malawian economy. NBS Bank Plc is committed to fostering this growth by supporting our farmers and stakeholders within the groundnut value chain. We offer specialized lending programs, risk mitigation tools, and digital banking solutions tailored to meet their unique needs. Our objective is to empower them to enhance productivity and connect with local and international profitable markets,” said Ngwenya.

In his remarks, Pyxus Managing Director Ronald Ngwira commended the Bank’s long-standing relationship with Pyxus and also disclosed that the ‘Caring Bank’ was the first commercial bank to support them.

The event was graced by Minister of Trade Sosten Gwengwe, Principal Secretary Christina Zakeyu, Pyxus Regional Managing Director for Africa Anthony Park,  officials from the British High Commission in Malawi, and other senior Government officials and international delegates. 

DPP-UK Wing Elects New Leadership

…Vows to oust Chakwera, bring back APM

The Democratic Progressive Party’s UK wing has elected a new slate of office bearers, with Dr. Kennedy Bashan Nkhoma taking over the helm as Chairperson. 

The election took place during the wing’s Annual General Meeting (AGM) held on April 28, 2024.

Dr. Nkhoma, who joined the DPP-UK wing in 2017 and previously served as Coordinator, has vowed to work tirelessly to remove the Tonse Alliance administration, led by Lazarus Chakwera and the Malawi Congress Party (MCP), from power. 

He blames the current government for perpetuating corruption and nepotism, which he believes has caused suffering for many Malawians.

In his acceptance speech, Dr. Nkhoma thanked his predecessors, Dr. Neza Chatuwa and Lewis Kamundi, for their dedication and charity work, including fundraising for flood and COVID-19 victims in Malawi. 

He also pledged to build on their legacy and work towards restoring the DPP and President Arthur Peter Mutharika (APM) to power.

The new leadership team includes Ken Mjojo as Vice Chairperson, Tim Duncan as Secretary General, Camden Kadzunguza as Treasurer General, and Goodson Saiwala and Marvin Chirupani retaining their positions as Strategists and Communications Director and Events Director, respectively. 

Tinali Alfezema was elected Public Relations Officer.

Dr. Nkhoma promised to outline his vision for the DPP-UK wing and its mission to oust the Tonse Alliance administration through upcoming interviews with various media outlets. 

The DPP-UK wing is determined to bring about change and restore glory to all Malawians by ushering in a new era of leadership under the DPP and APM.

K9 million up for grabs as NBM Plc wraps up ‘Popanda Chifukwa’ Promotion

Hiwa-We formed personal bonds with our customers

Four lucky winners are expected to walk home with K1.5 million each while 10 others will walk away with K300,000 each following the closure of National Bank of Malawi (NBM) Plc ‘Popanda Chifukwa’ Promotion on Thursday.

 During the promotion period, hundreds of customers and non-customers have won  various monthly and instant prizes.

The ‘Popanda Chifukwa’ promotion was launched in December last year aimed at promoting the use of NBM Plc’s digital platforms such as Mo626 Pay (MoPay), and POS machines to pay for goods and services.

The Bank is set to hold the grand draw of the promotion in early May. This draw will see four lucky winners share K6 million in cash prizes with each being K1.5 million richer while 10 others will get K300,000 each.

NBM Plc Marketing and Corporate Affairs Manager, Akossa Hiwa said the promotion not only helped the Bank create traction on MoPay and POS usage, it has also provided a platform for continued direct engagement with audiences in Malawi’s four regions.

“The NBM plc team engaged with both customers and merchants during ‘Popanda Chifukwa’ activations in Blantyre, Lilongwe, Mzuzu, Mangochi and Zomba, resulting in the provision of valuable feedback, increased uptake in both merchants and customers and, most importantly, an opportunity to form personal bonds with our targeted stakeholders,” said Hiwa.

She added that all of the ‘Popanda Chifukwa’ promotion draws have been held in ‘the market’ and not ‘in the boardroom’ and that the Bank is set to conduct the final draw.

One of the lucky customers, who won K150,000 in the February monthly draw, Rennery Dzama commended NBM Plc for the promotion.

“Since Covid-19 time, I use my card or transact using NBM’s digital platforms. To me, it is normal using the platforms, until one Friday I got an alert of the ‘Popanda Chifukwa’ cashback of K150,000. It felt so good as it was a real surprise. I instantly went to town to shop for goods ‘popanda chifukwa’,” she narrated.

Apart from the grand draw winners, so far, the promotion has seen nine people winning K150,000 cash each, while 120 others got 50% cashback up to the maximum of K75,000.

Ninety other lucky customers and top five merchants during each monthly draw took home gift packs with NBM Plc branded novelties. The total amount of the promotion hit K60.8 million.

Salty water contributes to broken boreholes in Nsanje

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The Pacific Limited a firm currently repairing for free broken boreholes in Nsanje district has cited high water salinity levels in the district as a major factor contributing to broken boreholes in the district. 

The company’s borehole rehabilitation project Team leader, James Nsusa has told Malawi voice that for instance out of over 40 boreholes the firm has lined up to repair in Nsanje Central Constituency for free, almost half of them broke down due to the challenge of saline water . 

“The situation is really contributed to the wearing out of most borehole spare parts mainly the pedestals, pump heads, rods etc, there by rendering most boreholes unusable”, said Msusa. 

He added that as a solution to the challenge, the firm has resorted to using galvanised and stainless steel borehole spare parts in all the boreholes they are repairing instead of steel parts. 

On his part Nsanje, district water development officer, Chikumbutso Herema also acknowledged the challenge saying authorities in the district have been encouraging communities facing the challenge to be contributing little amount of money for them to be repairing the worn out spare parts every three months which he said most communities are unable to. 

Parliamentarian for Nsanje Central Constituency, Kafandikhale Mandevana in whose area the firm is currently carrying out the free borehole maintenance works said the challenge has been forcing him to be facilitating for the changing of the borehole spare parts every two years a development which he said has was costly . 

Currently the Pacific Limited has rehabilitated over 200 boreholes in Nsanje out of the 300 boreholes it has earmarked to repair while in Zomba the firm has repaired about 300 boreholes out of the of 500 boreholes it has lined up.

The Pacific Limited has renovated over 7,000 boreholes since 2015.

Wellness Centre in second Back Pain awareness week

After the first ever Back Pain awareness week in November last year, Beatitude Naturopathy and Wellness Centre has organized another week-long Backpain awareness and alignment sessions where people with persistent back pain will be treated using naturopathic methods.

The Centre’s Director Francis Malunga said in an interview yesterday that the awareness week will run from 22 April to 26 April 2024 from 7.30am to noon at their centre at Manase in Blantyre.

“When we first conducted the first Back Pain awareness week in November last year, we had overwhelming response and we promised that we were going to do another one hence the second Back Pain awareness week we are having from Monday next week,” said Malunga

He said the Wellness Centre will offer free lectures to people who have back pain issues apart from treating them.

“We will have a back alignment procedure for those with back pain using naturopathic methods. They will only need to pay a registration fee of K20,000 otherwise we will not be charging for the actual treatment of the back pain,” said Malunga.

Malunga distinguished naturopathy and wellness from hospital care citing the former provides respect for the healing processes of nature while empowering the individual to take responsibility for their own health process.

“We are aware that some people have gone outside the country to have back pain surgeries which have not been fully healed, we recommend that these people should patronize the back pain awareness week, we can be saving a lot of forex if we do these procedures here in Malawi using naturopathic methods,” said Malunga.

One of the people who attended last year’s awareness week Peter Kachepa said it was worthwhile as he had his back problem sorted within a day.

“The tips and lectures that they gave us were also helpful because one knows what to do when he or she notices the signs and symptoms. I would encourage those with back pain issues to attend the awareness week,” said Kachepa.

According to the World Health Organization (WHO) about 620 million people suffered low back pain in 2020 and it is estimated that the number will increase to 843 million by 2050 adding that low back pain is the single leading cause for disability worldwide and it is a condition which many will require rehabilitation.

Beatitude Naturopathy and Wellness Centre recently relocated from Balaka to Manase, Blantyre to serve more people who were looking for naturopathic treatment.

Update the nation; CDEDI challenges IT professional body! Malawians have a right to know what went wrong!

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By IOMMIE CHIWALO

CDEDI Director Namiwa on duty

The mouth piece for the voiceless, Centre for Democracy and Economic Development Initiatives (CDEDI) has penned Information, Communication and Technology Association of Malawi (ICTAM) to update Malawians on the outcome of interface meeting held with authorities regarding passport crisis. 

CDEDI is requesting for an update on the basis that the passport crisis is a human rights issue, since it hinges on the right to free movement, economic activity, education, health

and by extension life.

“Therefore, Malawians expected a lot from ICTAM. In view of the above, it is our belief that you will agree with us that in the interest of transparency and accountability, ICTAM ought to update the nation on this matter of national importance,” reads the letter from CDEDI addressed to ICTAM President Clarence Gama. 

CDEDI Executive Director Sylvester Namiwa in the letter highlights that the follow up on the matter, especially at this hour, is important considering that ICTAM made a public undertaking as a

professional body to help in the current passport crisis, stemming from the crushing of the Passport Issuance System (PIS) designed by Techno Brain, through the Built Operate and Transfer (BOT) agreement. 

According to Namiwa, now that there are reports that government had contracted a new passport supplier, there is need for an explanation from ICTAM if the state acting on upon its (ICTAM) recommendation to engage a completely new supplier.

Namiwa is also requesting for a timeline as to when should Malawians expect the assessment report of the system and how does the association justify its silence, given that it was engaged on March 8, 2024. 

“Let ICTAM explain to the inquisitive Malawians as to whether we have a parallel structure or ICTAM helped the DICS to recover the old system.

Thus far, you may wish to know Sir, that ICTAM’s decision to zero in on the passport crisis excited millions of Malawians since they trusted the association would give unbiased detailed account and a timely intervention,” says Namiwa. 

Initially ICTAM wrote the Director General for the Department of Immigration and Citizenship Services (DICS) offering to help.  But due to conflicting interests, the patriotic gesture was shot down.

However, in his televised national address, President Dr. Lazarus Chakwera invoked his executive powers to grant ICTAM its wish through directing that after conducting a thorough analysis of the ‘hacked’ PIS, the association should furnish the President’s office with a report.

Namiwa says Malawians are still looking forward to reading the much awaited report, which will help the citizenry that double as voters and taxpayers, to exercise their right to know, let alone have first hand information on what really went wrong, from a trusted professional body whose expertise and independence cannot be questioned. 

Meanwhile ICTAM Tsar is not picking up our phone calls as we tried to get his side of the story. 

Tecno Brain Limited contract was terminated by the Malawi Government but Malawians were still proud users of an e-passport, two years after the contractor left unceremoniously in 2021.

Standard Bank Plc appoints new Head of Marketing       

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LILONGWE, 16th April 2024—Standard Bank Plc is proud to announce the appointment of Ms Tamanda N’gombe as our new Head of Marketing with effect from April 1, 2024.

Tamanda brings to Standard Bank Plc a wealth of experience spanning 16 years in Integrated Marketing and Communications Strategy, Customer Experience and Engagement, Sales and Brand Management. She takes over from Ms Nyambura Chege who worked in Malawi for two years before relocating to Stanbic Kenya Plc.

Prior to joining Standard Bank Plc, Tamanda was the Head of Marketing at NBS Bank Plc and before that worked in related capacities at FedEx, Gestetner and Blantyre Water Board (BWB).

Following her appointment, Chief Executive Phillip Madinga said; “We would like to take this opportunity to welcome Tamanda to the Standard Bank brand. We are confident that her leadership and experience will inspire innovation and elevate our Marketing game to greater heights.”

Tamanda holds a Master of Philosophy in Corporate Strategy from Gordon Institute of Business Science (GIBS) of the University of Pretoria, a Bachelor’s degree in Business Administration (BBA) from the University of Malawi, The Polytechnic (now MUBAS) and a Postgraduate Diploma in Marketing from the Chartered Institute of Marketing (CIM), UK.

Nyale Institute clarifies on access to safe abortion law  

The news of pregnancy is mostly accompanied by joy, but this is not always the case. There exist circumstances where such news brings not celebration but concern – particularly when the health or life of the pregnant girl or woman is at stake.

In Malawi, before colonialism, termination of pregnancy was traditionally acceptable among women who would manage unwanted pregnancies using local herbs for termination.

However colonial influence introduced penal laws which intertwined with religious doctrines to prohibit abortion, and eventually overshadowed the traditional practices. Yet, the traditional practices have not been extinguished. They just went underground.

Speaking in an interview, Nyale Institute’s Executive Director, who is also a lawyer and scholar on sexual and reproductive justice, Dr. Godfrey Kangaude, stated that while termination of pregnancy is restricted by law, it is essential to understand that it is not an absolute prohibition.

Specifically, termination is permissible when the life or health of the pregnant woman or girl is endangered.

“Recognizing this aspect of the law is crucial as it may prevent women from resorting to unsafe methods of abortion, risking their lives in the process.” said Dr. Kangaude

According to Dr. Kangaude, 141,000 women induce abortion every year and out of those about 500 die from unsafe abortions.

“It is sad that among these are women and girls who had they known that they are eligible for legal abortion would have accessed safe termination of pregnancy at a public facility provided by trained and skilled professionals using the appropriate standards of care.”

This legal interpretation of the abortion law was affirmed in a recent court case where the High Court of Malawi explained that termination of pregnancy is legally permissible when performed to preserve the pregnant girl’s or woman’s life. Further, the preservation of life includes both physical and mental health.

Meanwhile, the recent communication from the government of Malawi to the United Nations Committee on Economic, Social and Cultural Rights reaffirms the position that termination of pregnancy, is in some cases is legally permissible, under the laws of Malawi.

According to the communication, women who seek an abortion because the pregnancy is a threat to their health or life should consult a doctor to address the situation in terms of the Malawi Ministry of Health’s Post Abortion Care Guidelines.

Nyale Institute has applauded the government’s clarification of the abortion law, because it empowers women facing risky pregnancies, to access care at public health facilities, where they can receive appropriate care rather than use unsafe methods for terminating pregnancy. This is consistent with Malawi’s obligations under national and international law.

However, Nyale Institute as a member of the Coalition for the Prevention of Unsafe Abortion (COPUA) continues to champion the full review of the abortion law, to comprehensively address the needs of girls and women who seek termination of termination of pregnancy for various reasons.

 “The Termination of Pregnancy Bill is important because it would address challenges where the current law is falling short”, said Dr. Kangaude.

Nyale Institute is a nongovernmental organization established in 2013 to advance sexual and reproductive justice.

TNM brings innovation to curb mobile money fraud

…Introduces Sim Swap Exemption Feature on Mpamba

TNM Plc, Malawi’s pioneering mobile network and ICT services provider has unveiled a Sim swap security initiative which is designed to protect customers from mobile money fraud.

The new measure gives TNM customers the ability to permanently opt their numbers from being swapped at agent points.

Head of Brand and Marketing Madalitso Jonazi said that the initiative is significant as it enhances customer security in the drive for financial inclusion and growth of the digital money economy.

“At TNM we are glad to see a remarkable increase in the usage of our Mpamba mobile money platform. Millions of customers are using Mpamba, therefore, we have enhanced features to ensure that customers are well secured on the platform. This is a positive development in the drive for financial inclusion in the country,” he said.

Jonazi said digital money fraudsters have been a stumbling block in the growth of mobile money usage.

He further said that fraudsters tactically swap numbers and get access to people’s digital money platforms and steal funds.

“Despite our investment in various digital finance technologies, we are still facing a digital money fraud challenge. Therefore, we believe the new feature will alleviate the challenge that our customers face,” said Jonazi.

TNM customer can access the transformative feature through USSD code and TNM Smart App.

“To access the feature, our customers need to dial *7777# and follow the instructions to exempt their sim cards from being swapped and safeguard their numbers permanently from any exploitation. The innovative service is also available on the TNM Smart App,” said Jonazi.

TNM has made an assurance of more innovations around Mpamba platform to maximize security of customers and motivate the usage of digital transactions.

FDH Bank, MUBAS signs MoU on Graduate Start-ups program

FDH Bank and the Malawi University of Business and Applied Sciences( Mubas) have signed a long-term Memorandum of Understanding (MoU) that will see the Bank supporting final year students with business start-ups.

FDH Bank, in 2021, initiated a business entrepreneurship concept dubbed ‘Graduate Start-ups’ targeting Mubas final year students to finance their entrepreneurial ideas and concepts.

The Bank and Mubas officials signed the MoU on Tuesday in Blantyre, where the Graduate Start-ups program will set up a Trust Fund for the sustainability of the program.

In her presentation to the final year students, FDH Bank Senior Manager for Strategy Potamira Kumpumula took them on the processes that could qualify them for financing which include forming groups of like-minded individuals of four to seven to develop innovative and viable business plans that solves real economic problems by also identifying viable marketing opportunities.

After developing the innovative ideas and business plans, the graduates are to present the plans to a special taskforce consisting of  FDH Bank and MUBAS financial experts which will scrutinize them and offer guidance where loopholes are identified, according to Kumpumula.

“Once the business concept is approved, the bank will guide the beneficiary groups through a financial mentorship programme before being granted the loan at subsidized 5% interest, with a one-year repayment holiday.”

“The loan shall not be deposited into the beneficiaries’ bank accounts but FDH Bank shall be paying for costs of the assets and other needs directly to suppliers up until their businesses become self-sustaining,” said Kumpumula.

FDH Bank Deputy Managing Director George Chitera who championed the program back in 2021, impressed on the final year students to think outside the box and not to just expect to be employed because the employment opportunities are shrinking.

“Malawi is poor because we do not produce, we need to change our mindset and start producing because as long as we are not exporting, we shall remain poor. We should not rely on the government to produce goods for exports, it is up to us as citizens to be innovative by creating companies that produce and at the same time create jobs.”

“All these corporate companies we have were born out of the entrepreneurship concept. It is not easy to create a business plan but every challenge has got a solution,” said Chitera.

In her remarks, MUBAS Vice-Chancellor, Nancy Chitera described the program as unique and in line with the MW2063 national vision of Inclusively Wealthy and Self-Reliant Nation as it calls for a shift in focus on entrepreneurship.

“Our partnership with FDH Bank is growing into something very economically huge that involves young minds to be part of the process enshrined in the MW2063 vision. We must utilize all opportunities by solving any challenges that can be met. Mindset change is not just dreaming of getting a job but to become an employer,” said Chitera.

Five business ideas were identified as viable and were taken up for further mentorship and assessment which led to one business, Rise and Shine Primary School in Mulanje to be successfully launched in 2022 with the help of the Bank.

High Court Agrees MDF Docs Sensitive; Proceed to Public Trial or End Case

The High Court in Lilongwe has today cautioned in advance that in the event that disclosures being sought by the defense in the Vice President Saulos Chilima corruption case will be admissible for public trial, the state will have to make a choice to proceed with prosecution or end the case.

In his ruling today, Justice Kapindu, however, said it is premature for the defence to seek some of the disclosures from the State at this stage when trial hasn’t commenced. The court also ruled that, indeed, some of the documents are highly sensitive in nature to be made public.

The Judge however, made it crystal clear that if during the trial such sensitive documents will prove to be relevant to fair trial for the accused, then the State, through the Anti -Corruption Bureau (ACB), will have to decide whether to have such sensitive information disclosed in open court or discontinue the case.

“The State will have to decide either to proceed or disclose the documents or terminate the case in the interest of national security,” said the Judge.

The Judge said the right to fair trial is paramount and that therefore if during trial, the documents will prove to be relevant it will be upon the state to make them public or discontinue the case.

AG, Lead Lawyers from ACB and Defence to view Documents

To appreciate the court’s observation that the documents being sought are indeed sensitive, the Judge has directed that defense team lead lawyer, the Attorney General (AG ) and ACB lead lawyer will be allowed access on *”only see basis”* of the sensitive documents.

The said viewing will take place in the chamber where the custodians of the documents, the MDF, will show the documents to the team next week.

What are these Sensitive Documents? Among others, they include:

  1. Minutes of the Defence Council



These minutes, held on 16 October 2020, allegedly authorising the procurement of armoured personnel carriers (APCs), therefore disaproving any element of influence by Vice-President Chilima as accused.

2. Memo to President Chakwera



A Memorandum to President Dr. Lazarus McCarthy Chakwera, seeking authorisation to procure APCs from Malachite FZE, a company linked to Sattar, using single sourcing.



3. Memo from President Chakwera to MDF



A memorandum from the President, responding to the request from the MDF Commander.

MDF Questions How Chilima Knew about the Documents


Making his last pronouncements today, Justice Kapindu ruled the MDF out of order for questioning how Vice President Chilima was made aware of the documents yet he is not a member of Defence Council.


The Judge said the accused person being the second most powerful person is privy to such information because of the position he holds.


Defense Requests One More Disclosures



The defence has today further requested one more disclosure from the state, an MOU between UK’s National Crimes Agency NCA and the Anti-Corruption Bureau ACB, which defense lawyers said the document in question was made available to other ongoing Sattar related cases except the Dr. Chilima one.


The court will reconvene on 3rd May 2024 for way forward.

NBS Bank opens executive and private banking suite in Zomba

Simwaka (right) explains to customers about the new executive wing as Chief Operating officer Shadrick Chikusilo (left) looks on

NBS Bank Plc has taken the executive and private banking services to Zomba Service Centre following the opening of the third executive and private banking suite on Thursday evening.

Speaking during the opening of the facility, NBS Bank Plc Deputy Chief Executive Officer (DCEO) Temwani Simwaka said the Bank is geared to bringing tailor-made banking solutions to all customers.

“Executive and private banking is specific banking for top executives, people running their own businesses, senior officers both in companies and government. The idea is that they are busy people, and therefore for them to come to bank it becomes difficult, so they are offered relationship banking in their personal capacity, not as the institution where they are working.”

“When they come through, they come straight to the suite and they also have their own teller, they will be able to meet the private banking manager, and they can also do banking on our digital platforms,” said Simwaka.

“Private banking also offers wealth creation, so we will also have conversations especially when one works and is energetic, they also have to plan for the future. As a ‘Caring Bank’, we are geared to bringing tailor-made banking solutions to all our customers,” added Simwaka.

Mayor for Zomba City, Dave Maunde commended NBS Bank Plc with a promise to embrace the facility.

“Zomba is a growing city, it is therefore an honour to discover that we are a third place to have such a facility. Being a city which has lots of private and government departments, we needed this kind of facility for our executives,” said Maunde.

The other NBS Bank executive and private banking suites are in Lilongwe and Blantyre.

EASTER MESSAGE: Dr. Kabambe encourages Malawians to hold onto their faith, insists better days are ahead

Former Reserve Bank of Malawi (RBM) Governor Dr. Dalitso Kabambe and his spouse Brigitte have encouraged Malawians to keep their faith in God amidst economic crisis, saying better days are coming.

The patriotic Dr. Kabambe and his spouse issued the message of hope in their Easter message to the Christian community and the entire Malawians.

“This year’s Easter celebration is taking place at a critical time when our country is going through some social and economic challenges, whether it be poverty, inequality, or political instability.

“However, I encourage all of you to hold onto your faith and trust that better days are ahead,” said Dr. Kabambe, in a statement posted on his official Facebook page.

The statement further reads: “Fellow Malawians, let us keep remembering the sacrifice that Jesus made for humanity and to draw strength from his example of perseverance and resilience.

Just as Jesus emerged victorious from the grave, Malawians too can overcome their challenges and achieve greatness through faith and unity.”

Dr. Kabambe then called upon Malawians to practice love, compassion, and forgiveness in their daily lives; “Mirroring the teachings of Jesus who taught us to reach out to those in need, to support on”

Dr. Kabambe is fondly remembered by all Malawians for bringing stability to the Malawian economy, which resulted in low prices of basic needs and services.

During his time at Reserve Bank of Malawi he managed to reduce inflation rate to a single digit within the first year from 24% to 7.1% in 2017 and effectively managed to keep the exchange rate stable at the rate of K 732 to the US$, and turned around a projected loss of K 4 billion to a profit in the excess of K60 billion.

Dr Kabambe’s vast knowledge and experience has pitied him as one of the presidential hopefuls who is ready to stir the country towards social and economic prosperity from 2025 and beyond with a promise of nothing but the best economy.

NBM Plc ladies donate to Dwangwa flood victims

Chirwa (left) handing over a food pack to Chithabwa (centre)and a beneficiary, while NBM official Elwyn Sambo looks on

National Bank of Malawi (NBM) plc ladies at the weekend donated various items worth approximately MK6.5 million to families that were affected by floods at Dwangwa in Nkhotakota last month.

Speaking when they handed over the items at Dwangwa camp, one of the NBM plc Ladies and Coordinator of the Initiative Enala Chirwa said the ladies within NBM Plc were touched by reports and documentaries on the catastrophes that befell the people of Dwangwa and decided to collaborate and do something to help. 

“Through this initiative, ladies working with NBM Plc contributed and purchased items worth approximately K6.5 million. Among other items, we have procured family packs. In each pack, there is 10kg flour, 2kgs rice, 2kgs beans, 2kgs Sugar, 1Kg Salt, tea leaves and  some soap tablets,” said Chirwa.

One of the beneficiaries, 66-year-old Sydney Jekabu from Mbuna 2 Village commended NBM Plc ladies for the assistance saying they lost everything and the donated items will sustain them for some days as they also seek to recover from the disaster.

“I was heavily affected; I lost a house and all my belongings including foodstuffs yet I have seven children who still depend on me. It is by God’s grace that the floods came in the morning, otherwise if it was night, we could have lost a lot of people. We can now afford to eat courtesy of NBM Plc ladies,” said Jekabu.  

The camp chairperson Emmanuel Chisale said the items  NBM Plc ladies have donated will benefit 200 families that lost everything and were moved to Dwangwa Primary School camp.

Director of Human Resource and Administration at Nkhotakota District Council, Victor Chithabwa also thanked NBM Plc ladies for the donation.

“This is a welcome development. As you know, these floods greatly hit us, leading to the displacement of our sisters and brothers who also lost their property. So, this support is timely,” said Chithabwa.

Apart from the family packs, NBM Plc ladies also donated bags of maize, bags of flour, buckets, and clothes.

NBS Bank Plc celebrates Retail Banking Institute graduates

Changaya (centre) displays the certificate flanked by Chanza (right) and NBS Head of Human resources Austin Thunde (left)

NBS Bank Plc has lauded the accomplishments of 34 of its employees who have recently completed a three-month training program with the Retail Banking Institute (Lafferty), a prestigious UK-based certification body.

The bank announced that 29 of these dedicated individuals achieved Level 1 certification, while five distinguished themselves by completing the more advanced Level 3 certification.

NBS Bank Chief Retail Officer Victoria Chanza said the retail certification program is designed to deepen understanding of credit risk, leadership, brand management, asset and liability committee (ALCO), operations, and digital retail banking.

During the event set to celebrate the achievements on Friday, Chanza praised the graduates for their dedication and hard work adding that the initiative underscores NBS Bank’s commitment to enhancing the expertise and capabilities of its workforce, aligning with international standards in retail banking excellence.

“This program is not just about acquiring knowledge; it is about shaping the future of retail banking. Our graduates, with their exceptional commitment and potential, exemplify the best of what it means to lead in this rapidly evolving sector,” said Chanza.

Chanza then underscored to the graduates the importance of empathy, customer service, and community engagement in the banking industry.

One of the graduates, Gracious Changaya who is NBS Bank Southern Cluster Manager said they are expected to bring fresh perspectives and innovative solutions to their roles, reinforcing NBS Bank Plc’s vision for retail excellence in the banking sector.

“We will ensure we make use of the knowledge required, and probably share the knowledge with some of our colleagues,” he said.

NBS Bank Plc partnered with the Retail Banking Institute (Lafferty) to underscore its investment in employee development and its commitment to maintaining the highest standards of professional excellence.

FDH Bank Plc earmarks 150 SMEs for the US$10 million ATEX financing

Mkulichi-We can achieve this goal

FDH Bank Plc has earmarked about 150 local small and medium enterprises (SMEs) to benefit from the US$10 million Africa Trade Exchange (ATEX) export trade facility.

The deal, which is the fruit of the agreement sealed by FDH Bank Plc and African Export and Import Bank (Afrixembank) signed in November last year during the Third Intra-African Trade Fairs in Cairo, will see local traders exporting their goods to African and Caribbean markets.

FDH Bank Plc Managing Director, Noel Mkulichi addressing traders and others during a breakfast engagement in Blantyre on Tuesday, said the Bank values the relationship it has with the local traders hence the need to offer the opportunity to connect them with local and international importers and exporters, fostering valuable relationships and paving the way for fruitful partnerships.

“Our sponsorship to ATEX will ensure a lot of benefits like access to the platform’s verified suppliers and buyers and discovering different products from all over Africa including supplier and buyer verification and matching.”

“You will have access to a trusted platform that offers access to competitive rates due to economies of scale reached through consolidated negotiations with sellers and services providers. There is also access to real time information on pricing, product data and seasonality, access to simplified quota information and management with clear guidelines for importers and exporters, and also preferential access to foreign currency products through the ATEX foreign currency facility,” said Mkulichi.

Mkulichi further said as a Bank that champions growth, they look at this as a great avenue for growth for the traders’ businesses and the country at large.

“The Malawi 2063 aims to transform Malawi into a wealthy and self-reliant industrialized upper-middle-income country by year 2063. We believe with these strides and continuous innovation, we can achieve this goal,” he said.

Afrixembank Senior Manager responsible for Digital Marketing Solutions, Annerose Ngemu said the platform aims at activating a lot of economic activities.

MBL Holdings Limited Managing Director, Leston Mulli commended FDH Bank Plc saying the platform offers a great opportunity for local traders to be exposed to international markets.

ATEX is a platform connected within the digital ecosystem, supporting the implementation of the African Continental Free Trade Area (AfCFTA) Agreement.

It is also supported through the Intra African Trade Fair (IATF) with the next one taking place in Algeria in 2025.

Israel workers to send remittances through TNM Mpamba

TNM Mpamba General Manager Christopher Sukasuka

BLANTYRE, March 27, 2024–TNM Mpamba Limited, a wholly subsidiary owned by TNM Plc has introduced a landmark service to help Malawians working in Israel send money back home through Mpamba mobile money.

The development emanates from a sound partnership that Mpamba has with Thunes Hub which onboards various Money Transfer Organizations and Mobile Network Operators for purposes of enabling the transfer of funds within different countries.

The ground-breaking service which is earmarked to enhance financial inclusion and facilitate seamless cross-border transactions, enables locals to receive money from Israel into their Mpamba wallets that will be withdrawn at any TNM agent across the country.

TNM Mpamba General Manager, Christopher Sukasuka said the company has leveraged cutting-edge technology and strategic partnerships to launch a service that provides convenience in the receiving of money sent from Israel.

“TNM has in the recent past observed the developments around the Malawi labour market where locals have gone to work in Israel. As an innovative company, we have introduced the service to provide convenience, security, and accessibility when our people in Israel are sending money back home,” said Sukasuka.

The introduction of the service reaffirms Mpambas’s position as a pioneer in the fintech industry, driving innovation and delivering tangible value to Malawians across borders.

“We are thrilled to introduce this service to Malawians in Israel, marking a significant milestone in our commitment to transform financial services. This initiative underscores our dedication to empowering individuals and businesses worldwide, enabling them to transact with confidence and convenience,” he said.

Mpamba has assured customers of more innovative financial solutions aimed at improving access to user-friendly services with a focus on leveraging technology to drive positive change, redefining the future of finance in the process promoting financial inclusion on a global scale.

Castel Malawi awards 50 long serving employees

Castel MD Thomas Reynaud (standing 7th from right) with Zimba (middle) and other Castel senior managers pose with the awardees

Castel Malawi Limited has awarded 50 long serving employees across the country who have served the company between 10 and 30 years.

Speaking after awarding them with certificates and various gifts which included iron sheets, mattresses, mountain bikes, and refrigerators at an event held at the company’s head office in Blantyre, Castel Malawi Limited Human Resource and Corporate Affairs Director, Gloria Zimba said the aim was to appreciate the employees’ commitment and dedication.

“It is very significant that every year we conduct this event because we would like to show them that we don’t only look at them as human resource where we are demanding their time and their energy into their different energy where they are working.”

“We want to show the staff that we appreciate them as our employees and we know that the different gifts that they have received will go to their families because we know that behind this hardworking and committed employee, there is a family,” said Zimba in an interview on the sidelines of the event.

Castel Malawi Managing Director Thomas Reynaud (right) and Zimba (left) poses with one of the recipients of the awards

“Our expectation is double fold. First, we would like to see these employees whom we have awarded to continue working hard for the company, but also, we want the employees who have just joined us or who are yet to clock 10 years and above, to emulate their example. They should work hard, be committed, respect the company policies, the disciplinary code, and the ethics policy so that they can also one day be given their awards,” added Zimba.

One of the longest serving employees at 30 years, Richard Mseteka who joined the company at 22 years of age, commended Castel Malawi for the honour while describing his journey as a roller coaster.

“I have worked with different bosses from all the three companies as Southern Bottlers Limited, then Carlsberg Malawi and now Castel Malawi. All that is required is hard work and commitment for one to survive,” he said.

Prior to the Blantyre Long Service Award function where 40 Blantyre and 2 Liwonde employees were recognized, the company also awarded 4 employees in Mzuzu and 4 employees in Lilongwe, respectively.

Castel Malawi is the largest producer of alcoholic beverages in the country, and second highest taxpayer, with a workforce of more than 700 employees.

NBM plc posts whooping K72 billion profit after tax

…..pays K48 billion in taxes

National Bank of Malawi (NBM) plc has posted an impressive K71.96 billion profit after tax for the financial year ending 31 December 2023, representing a 56.62% profit jump.

In a statement dated 28 February and signed by the Bank’s Board Chairperson Jimmy Lipunga, Director Dorothy Ngwira, Chief Executive Officer Macfussy Kawawa and Chief Finance Officer Masauko Katsala, the Bank attributed the remarkable results to growth in customer deposits.

“The Group registered a profit after tax of K71.96b representing a 56.62% increase from K45.9b reported in 2022. These results were largely driven by growth in customer deposits which resulted in increases in the loan book and fixed income securities.”

“Consequently, Net interest and investment income grew by 33%. In addition, there was a 86% increase in Other Income mainly arising from growth in foreign exchange commissions by (99%) from K12.8b to K25.5b. Overall net revenue grew by 50%. Operating expenses increased by 25%, within the average inflation for the year. On the other hand, net impairment losses continue to increase, reflecting the realities of the tough operating environment,” reads the statement in part.

Customer deposits increased by 20% (2022: 45%) year on year while the Bank’s loan book grew by 31% (2022: 29%). Investment in Fixed Income securities grew by 10% (2022:16%), according to the statement.

The statement also shows that the group made a profit before tax of K120.13 billion and paid a total of K48.17 billion in taxes.

“All the subsidiaries of the Bank posted profits that contributed positively to the Group performance except for Akiba Commercial Bank (ACB) in Tanzania and an associate company, United General Insurance which posted losses.”

“Positive trends continue to be registered in the two entities where the results improved significantly from the previous period. Consequently, the losses registered for Akiba Commercial Bank and UGI were much lower than those of the prior period,” reads the statement in part.

Commenting on the operating environment, the Malawi Stock Exchange (MSE) listed Bank said the Malawi economy grew by 1.5% in 2023 up from 1.1% the previous year and was adversely  affected by the prevailing high inflation as well as continued foreign exchange supply challenges.

“The average headline inflation accelerated from 26.1% in the first quarter to 31.5% in the last quarter. Similarly, interest rates were on the rise, with the Policy rate being raised from 18% in the first quarter to 24% in the second quarter of the year.”

“The Malawi kwacha devalued by 63% between January 2023 and December 2023. Despite the devaluation, foreign exchange supply challenges persisted. Generally, the operating environment was very challenging. Weather shocks and geo-political landscape also affected the operating environment,” reads the statement in part.

NBM plc forecasts that the economy is expected to grow by 3.2% in 2024 from 1.5% in 2023 supported by an increase in public investment and recovery in mining and quarrying, manufacturing, information and communication, financial and insurance activities, and education sectors.

“The resumption of the IMF-supported ECF program is expected to unlock foreign exchange inflows going into 2024, which will in turn support importation of raw materials and promote economic activity. The positive outlook is, however, clouded by El Niño-induced weather conditions, and a highly uncertain global economic and geopolitical environment. Inflation is likely to remain elevated in 2024,” reads the statement in part.

“The Board envisages a continuing challenging operating environment due to the factors enumerated above. This notwithstanding, the Bank is expected to sustain its enviable performance through its ability to leverage on its core strengths, address challenges and exploit opportunities in the market,” adds the statement.

The Bank Directors recommend a final dividend of K23b (2023: K15b) making a total dividend of K48.0b in respect of 2023 profits representing K104.94 per ordinary share (2022: K70.67 per share). The final dividend will be payable after approval by the Annual General Meeting scheduled for June 2024.

The Bank also said a second interim dividend of K14 billion will be paid in April 2024 having paid the first interim dividend of K11 billion in September 2023.

TNM Brings Mpamba eTicketing to Super League…Pilots e-ticketing solution at Sapitwa Tournament

Madalitso Jonazi, TNM’s Head of Brand and Marketing

Blantyre, March 22, 2024–In a move to redefine the local football landscape, TNM Plc sponsors of Malawi’s topflight Super League is proud to announce the deployment of electronic ticketing (e-ticketing) for the TNM Super League.

The new solution will be available for the Sapitwa 4 tournament which involves Super League outfits Bangwe All-stars, Dedza Dynamos, FOMO and Mighty Tigers at Mulanje Park scheduled from 23 March to 24th March 2024.

This innovative step aims to enhance convenience, streamline access, elevate the overall matchday experience for supporters, and curb fraud around football arena.

According to TNM, E-ticketing marks a significant transition from traditional paper tickets to digital access, aligning with modern technological advancements and catering to the evolving preferences of football enthusiasts.

“With this initiative, fans will now have the flexibility to purchase, manage, and present their match tickets entirely through digital platforms, and eliminating the need for physical tickets,” said Madalitso Jonazi, TNM’s Head of Brand and Marketing.

The initiative underscores TNM’s commitment towards embracing innovation and leveraging technology to deliver supreme experiences to football enthusiasts in the country.

Jonazi indicated that football fanatics will have to purchase tickets to this year’s super league matches through Mpamba instead of buying with cash at stadium gates.

“As a proud Super League sponsor, TNM is thrilled to bring e-ticketing to our esteemed football fans, which is a pivotal moment in our ongoing efforts to enhance fan engagement and satisfaction.

All they need is a Mpamba account and a Khadi Mbambande debit card which they can buy on their phone and collect from any TNM shops across the country,” he said.

Jonazi emphasizes TNM’s commitment to curbing fraud, an issue hindering the growth of football industry, particularly during matches.

“The traditional practice of handling cash when purchasing physical tickets at entry points poses a lot of challenges for revenue collection such as theft of cash which leads to revenue loss and other associated problems. The e-ticketing is the most secure and convenient solution of handling football matches revenue as tickets will be bought through TNM’s digital platforms,” added Jonazi.

The initiative of e-ticketing also aligns with the Ministry of Youth and Sports and the Super League of Malawi (SULOM) ongoing efforts to address issues like cash theft and ticket duplication within the TNM Super League.

Apart from safeguarding of revenue, other advantages include real-time attendance tracking and prevention of fraudulent activities.

E-ticketing represents a paradigm shift in the evolution of football in Malawi, resonating with global standards of convenience and efficiency.

REACH OUT & TOUCH: Mama Prophet Linda Mbewe bails out Machinga granny, to renovate her house

Following a news media alert that circulated on social media about an elderly citizen going through tough times in Machinga District, Mama Prophet Linda Mbewe organized a quick preliminary visit on Thursday to cheer her up and also assess the kind of needs that must be met to brighten up her life.

The philanthropist, who is also wife to the celebrated Prophet David Mbewe, supported Mrs. Brown with an assortment of relief items such as maize flour, mattresses, plastic pails, bags of relish, beddings, some cash and bags of cement in readiness for the construction works that Prophet Mbewe will embark on to renovate the old woman’s house.

Speaking to the media, Mama Prophet Linda Mbewe expressed how she was moved with compassion after learning of Mrs. Brown’s situation.

“I am glad to have finally met Mrs. Brown and the Prophet and I will do all that we can to make sure that the story of her life changes. We’ve offered ourselves to let God work wonders through us,” she remarked.

Close sources indicated that Prophet David Mbewe is set to visit Mrs. Brown soon to launch the construction of her house.

World Forestry Day: Standard Bank promotes a Green Lilongwe through tree-planting drive

Nuka symbolically presents the seedlings

LILONGWE, March 21, 2024–Standard Bank Plc has pledged to step up efforts in mitigating the negative effects of climate change by promoting the planting of trees by its customers and staff in line with a commitment to being a responsible corporate citizen.

To encourage customers and staff to plant trees, the bank on Thursday designated its branches as collection points for seedlings to give different individuals better access to tree seedlings. The initiative is part of the Bank’s activities to mark World Forestry Day or World Planting Day which falls on March 21.

Speaking from the Head Office, Chief Information Officer – William Nuka said Standard Bank is determined to transform Lilongwe and Malawi into a green and environmentally vibrant landscape.

“We are determined to make our city and surrounding areas greener and environmentally sustainable. We can make Lilongwe and Malawi green if we work together. At Standard Bank, we are geared to get our hands dirty today and in coming months for a better tomorrow,” he said.

The Bank has partnered with the Lilongwe City Council for the initiative, as a key player in ensuring that Lilongwe gets a green facelift. The City Council provided 1,000 tree seedlings of 7 varieties both indigenous and fruit trees to distribute on this day.

The Chief Information Officer said, “today we successfully distributed 1,000 seedlings to customers and staff in Lilongwe through our 6 branches and service centres. This is the beginning of a larger commitment we have towards supporting the Tree planting agenda for the nation.”

“Lilongwe suffers a tree loss rate of around 17.5% which is one of the highest deforestation rates in Malawi. We must take individual accountability towards planting trees and ensure every person and household has a tree. We are a partner for every Malawian that wants to see our current climate crisis eradicated,” said Nuka.

Mr. Nuka said the initiative is part of efforts by the Bank to contribute to the country attaining the UN Sustainable Development Goals on the environment. This also aligns with the Bank’s commitment as a signatory of the United Nations Principles for Responsible Banking (UN PRB).

“As such we are committed to ensuring that our operating strategy is consistent with and contributes to society’s needs and priorities, as expressed by the United Nations Sustainable Development Goals (UN SDGs), the Paris Agreement, the African Union’s Agenda 2063, and sustainable banking frameworks,” he said.

Malawi is in line to earn billions of dollars from buyers of carbon credits if its citizens planted more specific trees.

NBS Bank plc to ‘Inspire Inclusion’ through Social Media Campaign

Temwani Simwaka NBS Bank Deputy CEO

In an innovative move to champion diversity and women’s empowerment, NBS Bank plc has unveiled its social media campaign ‘Inspire Inclusion’ which will be spearheaded by Deputy Chief Executive Officer Temwani Simwaka.

The  initiative aims to spotlight the Bank’s dedication to financial literacy and the empowerment of women.

“Through the ‘I Nominate You’ campaign, we are excited to share valuable financial advice, celebrate inclusivity, and highlight the diverse culture within our Bank,” said NBS Bank Acting Head of Marketing and Customer Experience James Chikaonda, underscoring the campaign’s objectives.

Chikaonda further elaborated on the campaign’s approach to recognizing women’s contributions both within and outside NBS Bank.

“We will nominate three outstanding women who, in turn, will share their insights, nominate others, and spread the message of inclusion using the hashtags #INominateYou and #InspireInclusion.”

“The campaign will focus on women in senior and middle management roles at NBS Bank, alongside a distinguished woman who has excelled in her field outside the Bank. By highlighting these women, we affirm our role as leaders in fostering an inclusive culture that transcends the confines of our organization,” said Chikaonda.

Scheduled to run across LinkedIn, Twitter, Instagram, and Facebook until the end of the month, the ‘Inspire Inclusion’ campaign aligns with the global celebration of International Women’s Day (IWD) on March 8.

This year’s IWD theme, ‘Inspire Inclusion’, resonates with the campaign’s mission to underscore the importance of diversity and empowerment in every sphere of society.

Standard Bank sponsors K5m towards Malawi Law Society AGM

Banda presents the sponsorship to MLS Lilongwe Chapter Executive Committee Secretary Chanju Kondowe

Standard Bank Plc has given this year’s Malawi Law Society Annual Conference underway in Mangochi a boost by contributing K5 million.

Head of Private Banking Joshua Banda said the contribution is in recognition of the important role legal minds play in strengthening governance across multiple sectors, thereby contributing to economic growth.

MLS Lilongwe Chapter Executive Committee Secretary Chanju Kondowe, who recieved the sponsorship thanked Standard Bank for the partnership.

This year’s AGM is under the Theme “Interrogating Malawi Electoral System Towards 2025 General Elections.”

Honourable Justice Dr Chifundo J. Kachale, Chairperson of the Malawi Electoral Commission, is the Guest of Honour.

NBS Bank plc supports lawyers’ Indaba with K2 million 

Dossi (left) handing over the cheque to Ngunde while other officials look on

NBS Bank Plc has given K2 million to the Malawi Law Society (MLS) for their Annual General Meeting (AGM) scheduled for this week in Mangochi.

Making a symbolic cheque presentation at NBS Bank’s Head office in Blantyre on Friday, the Bank’s Head of Legal Felister Dossi, said they felt the need to support the conference since they believe that the rule of law is fundamental to political stability and helps a country to achieve economic and social progress and development which is important for a business environment that the Bank is operating in.

“Malawi Law Society has been a partner for several years.  We are aware that this year’s AGM theme touches on electoral system and laws and as a Bank, we feel duty bound to contribute to MLS to help them achieve one of their strategic goals of safeguarding the rule of law,” said Dossi.

MLS Chief Executive Officer (CEO) Chrispin Ngunde said the support signifies the Bank’s commitment to promoting the rule of law, professionalism, integrity, and excellence.

“The Bank has been a partner for MLS for many years and the donation of K2 million further cements our collaboration. The theme for this year’s Conference and AGM is very relevant to the business of the Bank.”

“For the Bank’s business and any business to strive, it requires a stable business and political environment. Elections greatly contribute to creating this conducive environment. It is, therefore, pleasing to note that the Bank has taken a keen interest in elections and public interest through its support of MLS,” said Ngunde.

Ngunde added that MLS will continue to promote matters of public interest, rule of law, good governance, integrity, and professionalism by taking an active role, in among others, sharing thoughts on matters of national importance such as election matters

MLS will hold its AGM from March 21 to 24 under the theme ‘Interrogating the Malawi Electoral System Towards 2025 General Elections.’

Standard Bank boosts diaspora remittances

Mughogho: Malawi needs such remittances to boost our foreign currency reserves position

Lilongwe, March 19, 2024–In a bid to boost diaspora remittances and foreign currency inflows into Malawi, Standard Bank Plc is proud to announce prizes worth more than K30 million for diaspora customers who remit U$2,000 back home through the Bank’s Bureau de Change (BDC).

Under the three-month Transfer and Win Diaspora promotion, Standard Bank has dangled a grand prize of a plot worth K20 Million back home and various cash prizes. The promotion is for all individuals who send money to Malawi from the diaspora and Malawians earning in foreign currency abroad with a need to send funds back home.

Announcing the incentives, The Executive Head of Personal and Private Banking (PPB) Charity Mughogho said the promotion recognizes the role of diaspora communities in the economic development of the country through foreign currency remittances.

“Malawi needs such remittances to boost our foreign currency reserves position, supply and circulation. At Standard Bank, we recognize the significance of our diaspora communities in contributing to economic development back home. The promotion is open to individuals living in the diaspora who have a Standard Bank Diaspora Account or any international bank account from their country of residence.

To enter the promotion a client needs to transfer a minimum of US$2,000 into a Malawi Kwacha account through Standard Bank BDC. This will give one entry into the monthly draw and subsequent grand draw.

Through our Diaspora Account, we aim to provide a tailored banking solution that caters specifically to the unique requirements of individuals living abroad,” said Mughogho. She said the promotion aims to empower individuals living outside the country with convenient banking solutions that enable them to seamlessly manage their finances and support their loved ones back home.

This promotion is open to the Bank’s Diaspora Account holders and any other international bank account from the sender’s country of residence. Funds once sent will be deposited directly into the Malawian bank account of the beneficiary.

Malawians residing abroad and who wish to open a Diaspora Account with Standard Bank can do so by simply clicking here to download and complete the application documents or through the e-mail diasporasupportcentre@standardbank.co.mw and the bank’s website.

The promotion will run from 11th March 2024 to 31st May 2024 and draws will be conducted at the end of each month. Monthly draws will see seven customers carting home K500, 000 each. Apart from the grand prize of a plot valued at K20 million, other consolation prizes include a solar system valued at Mk4,600,000 to the first runner up and the third winner will walk away with K1 million.

Blantyre City South MP Lipipa talks tough on cutting public expenditure

Lipipa: It is painful but it must be done

The DPP Member of Parliament for Blantyre City South Constituency Noel Lipipa, has called on the government to take decisive action to rein in public expenditure, which he believes could include phasing out the costly SUVs used by most government officials.

Speaking at the budget sitting in Parliament on Tuesday, Mr. Lipipa said that the cost of domestic travel, drivers who are more than the vehicles – an anomaly in itself, misuse of vehicles, was extremely high. He added that the goal should be to reduce expenditure while also avoiding wastage and reducing borrowing, which he said was a necessary sacrifice.
“It is painful but it must be done. There is no wrong time to do the right thing. The 2024/25 budget estimates that the Malawi Revenue Authority (MRA) will collect K3.3 trillion is an illusion, lest we forget that they failed to collect K2,2 trillion in the 2023/24 budget.” he said.
“The private sector is struggling because of high interest rates and foreign exchange shortage. The private sector can only borrow money if there are good incentives such as lower interest rates and/or if import substitutes are introduced. Which business will borrow money in our current economic situation?” he asked.

Bridge Afric to create more opportunities for Malawian artists…to launch Southern Region chapter Saturday at BICC

Jacob Events which has partnered with Bridge Afric says all is set for Bidge Afric Malawi launch and workshop which is slated for Saturday, March 23 at the majestic Bingu International Convention Centre (BICC) in the capital Lilongwe.

Wendy Favour Harawa, Chief Executive Officer (CEO) of Jacob Events has told Malawi Voice that the much awaited event aims at bridging the gap between Malawian artists and other artists around Africa to create more opportunities.

She noted that for decades now Malawi arts has been and is being consumed by mostly Malawians only with no chance of going international hence the coming of Bridge Afric to change the narrative.

“The aim is to Bridge the Gap between Malawian artists and other artists around Africa and the world and create opportunities for them. Jacobs Events has partnered with bridgeAFRIC to host this event at BICC On March 23, ” said Harawa.

According to the veteran musician and event manager Harawa, the workshop will provide a platform for local artists to interact and share their experience with big names in the entertainment industry.

“There will be a workshop with all kinds of artists, questions and answers, one of the major themes is “Collaborations as a tool for developing talents in Africa,” she said

Harawa said Bridge Afric President Victoria Nkong will be among the distinguished guests.

Others dignitaries include The President of Afrima All Africa Awards Mike Dada, Trace Representatives, representative of Live Nation in France, Ace Video Directors, 50 cents Producer and a lot more music business executives and international artists from around Africa.

Local musicians to grace the workshop include Phyzix, Che Kalonda, the Nyau King Tay Grin, Lulu among others.

Veteran music producer and entrepreneur Taps Bandawe will also be part of the speakers at the event while award winning television personality Priscilla Kayira Nsane will be the moderator.

Renowned poet Q Malewezi will be among the Panelists while DJ Neptune will be on the decks.

Bridge Afric’s primary objective is to promote and showcase African artists, providing them with platforms to reach a global audience beyond their home countries.

Triephornia Mpinganjira’s African Child Foundation to launch K10million football league in Neno

Triephornia Mpinganjira: We aim at promoting health through sports in schools

Business tycoon Triephornia Bender Mpinganjira’s African Child Foundation will on Sunday, March 24 launch a K10 million kwacha football and netball leagues for schools in Neno district.

The historic launch will take place at Neno Stadium in the district.

According to the foundation, all schools and clubs from Traditional Authority (TA) Chekecheku will take part in the leagues.

The foundation, according to statement in our custody, aims at promoting health through sports in schools.

“African Child Foundation would like to use sports as a vehicle to advance and promote health in schools and communities in TA Chekucheku,” reads the statement in part.

In view of this development the following schools have been identified to play football and netball games on the launching day: Chiwale Secondary School, Chikonde CDSS, Chikonde Model Primary School and Kaponda Primary School.

Triephornia is one of the gifts that Malawi and the whole Globe have in terms of humanitarian support and services.

The Good Samaritan Triephornia also bailed out Neno District Council lastyear when she paid K5million to water board when the board disconnected water at the council.

Recently, Triephornia was in the news after donating a brand new Nissan Patrol to Malawi’s renowned hip hop artist, Limbani Kalilani better known by his stage name Tay Grin.

She also stormed the social media after donating 2.5 million kwacha to Mai Mbambande, a non-governmental organization dedicated towards assisting the elderly in the country.

As that was not enough, Mai Mpinganjira also supported with air tickets to six children who represented Malawi at Africa Spelling B competition in Uganda.

Apostle Nyirongo says World needs righteous leaders

Apostle Dr. Mc Hellings Nyirongo, who is the founder for Christ Fellowship Church for All Nations (CFCAN), says for the World to prosper needs a “righteous and very honest” leaders.

He made the remarks ahead of a 2 days of God’s answer special prayers themed: “God’s time to receive and follow God’s leaders” slated for Friday 5 to 6 April at Ekwendeni CDSS in Mzimba district.

According to Apostle Nyirongo, time has come for God to lead His people instead of cruel and clueless leaders so that all people should prosper and enjoy good life.

The Apostle said cruel leaders have a habit if oppressing, killing any one whom they perceived to be wiser than them; “They kills people with visions and steal their visions which later they will fail to implement”.

Apostle Nyirongo said: “According to the Holy Ghost bad leaders are: Clue less leaders who just announce decisions and promises what can’t implemented (Jeremiah 8 v11).

They speak peace which is not there. These are vision less leaders who can take a picture of hotel in USA and present to the village as their plan to transform the village,”

While quoting Proverbs 28 Verse 15 and Proverb 29 Verse 2, Apostle Nyirongo said If God blesses the people, He gives them a righteous leader and if God punishes the people He gives them bad and wicked leaders.

“See God chose David and Israel prospered under his regime,” cited Apostle Nyirongo in an exclusive interview, adding that: “During these prayers, we shall pray and the LORD shall provide His spirit, His Angels, His anointed men and women, supernatural wisdom to surpass human practices.”

The prayers, which will start with a night of prayers on Friday, April 5 and a day long service on Saturday April 6, is themed: “God’s time to receive and follow God’s leaders”.

The prayers will be will be characterized with teachings, prophecies, healing and deliverance among others as guided by the Holy spirt.

CFCAN’S Christ melodies and Women of grace will spice up the ‘free for all’ prayers with live music performances.

For more call/WhatsApp on +265997341371.

Apostle Dr. Mc Nyirongo is well known in Malawi and across the globe for his accurate prophecies, miracles healing and deliverance.

 He was called and sent by Jesus Christ Himself and he does what others cannot do except they have Holy Ghost too.

Christ fellowship church for all Nations; giving the word of life: wisdom, revelation, prophecy, healing and deliverance.

NBS Bank Plc Introduces ‘Afana Oyaza’ Promo for University Students

In a significant move aimed at promoting the use of digital banking among university students, NBS Bank Plc has unveiled the ‘Afana Oyaza’ campaign which targets university students across Malawi, encouraging them to utilize the bank’s digital services for their financial transactions, particularly for paying their tuition fees.

The campaign is open to students enrolled at the University of Malawi (UNIMA), Mzuzu University (MZUNI), Lilongwe University of Agriculture and Natural Resources (LUANAR), and Malawi College of Health Sciences (MCHS).

Participants who pay their fees using the bank’s Eazy Bank digital platforms are entered into a competition to win various awards, with the grand prize being a full year’s tuition covered by NBS Bank.

NBS Bank Chief Retail Officer Victoria Chanza, highlighted the bank’s commitment to enhancing educational access through digital banking solutions emphasizing on the convenience of paying fees via smartphones, the Eazy Wallet mobile wallet, and the Bank Pafupi agency banking platforms.

“As the ‘Caring Bank,’ we are devoted to the advancement of education. This campaign is part of our efforts to ensure students have seamless access to education through our digital channels,” said Chanza.

She said the promotion is not only about easing the fee payment process but also includes exciting prizes like laptops, smartphones, and NBS Bank-branded merchandise, such as t-shirts, pens, and wristbands.

“The ‘Afana Oyaza’ campaign represents a forward-thinking approach to integrating digital banking services within the educational sector, offering tangible benefits to students while fostering a digital-first mindset,” said Chanza.

Endorsing the initiative, Steve Omar, Entertainment Director at Mzuzu University, described ‘Afana Oyaza’ as a beneficial and welcome development for the student community.

“This campaign offers significant support to university students, and we hope for NBS Bank Plc’s continued involvement each semester to make a meaningful difference in students’ lives,” said Omar.

LUANAR lauds NBM Plc’s support towards agriculture innovations

The Lilongwe University of Agriculture and Natural Resources (LUANAR) has commended National Bank of Malawi (NBM) Plc for its dedication towards nurturing creativity and resourcefulness within the agricultural sector, thereby shaping the future of Malawi.

The sentiments were expressed during the 2024 celebrations of LUANAR’s Innovations and Talents Day, themed ‘Unleashing Creativity for Purpose2024’ at Bingu International Conference Centre (BICC) in Lilongwe on Wednesday. 

Associate Professor Grivin Chipula, Chairperson of the organizing committee, further hailed NBM’s swift recognition of LUANAR’s initiatives and its support of K2 million towards the event.

“This support has significantly incentivized our innovations. The K2 million has motivated not only the winners of the awards, but also those who were shortlisted,” said Chipula.

LUANAR’s Vice Chancellor, Professor Emmanuel Kaunda graced the event and reiterated the institution’s commitment to translating ideas into tangible realities to bolster the country’s economy.

“We possess immense potential. We sought an opportunity to unleash this talent. LUANAR students and graduates have the potential to drive advancements in the agricultural sector and contribute to the nation’s economic growth through their innovative activities,” he said. 

In his remarks, Burton Ngwangwa, a fourth-year student at LUANAR and a pencil artist, expressed his excitement for winning and the inspiration gained from the Innovations and Talents Day.

“It is a monumental day for us as artists and innovators to exhibit our ingenuity. We have demonstrated our capabilities to the world. The drawings are important in addressing global challenges like deforestation and climate change,” said Ngwangwa. 

In an interview, NBM Plc Marketing and Corporate Affairs Manager, Akossa Hiwa commended the students for their innovations which is one of the key focus areas for the Bank.

“As the Bank of the Nation, we are committed to fostering creativity and resourcefulness within the agriculture sector, ultimately shaping the future of the country.

 Innovation is our number one focus, and that is why apart from sponsoring the Innovation Jam in partnership ICT Association of Malawi (ICTAM), we have also injected over K100 million into the establishment of Innovation hubs,” said Hiwa.  

Standard Bank dates investors…As 2023 results impress market watchers

Chief Executive Phillip Madinga

Standard Bank Plc, listed on the Malawi Stock Exchange will today outline its 2023 performance to shareholders and other stakeholders after posting a K52.5 billion net profit, which one of the country’s financial analysts has described as “impressive”.

Reacting to the bank’s results, Lilongwe-based independent economist and transformational finance leader Thomson Nelson Kumwenda said they reflect impressive cost efficiencies, and Standard Bank’s deep understanding of risk management in respect to dealing with government securities.

“I see a very solid understanding and application of IFRS 9 by their Finance team. With expected credit losses heightened by 112%, year on year, they must have been prudent enough to have widened ECL coverage on lending to government and the probability of default and loss…” he said.

Kumwenda noted that Standard Bank has been prudent enough in its reporting and assumptions, considering that both World Bank and International Monetary Fund (IMF) have in recent years classified Malawi’s debt as unsustainable and carrying sovereign risk.

“Any internationally present bank will factor in the Debt Sustainability Analysis (DSA) into their PD [Probability of Default] and LGD [Loss Given Default] assumptions and apply appropriate hair-cuts on the government portfolio EAD [Exposure at Default],” he said.

This means the analyst is applauding Standard Bank for exercising prudence, and caution in its exposure to government borrowing, in view of the country’s DSA by World Bank and IMF.

Chief Executive Phillip Madinga and Chief Financial Officer John Mhone are expected to lead the bank’s country leadership committee in explaining the latest results during an investor conference scheduled from 9:30 am from the Bingu International Conference Centre (BICC) in Lilongwe.

The event will be hosted in hybrid format, with some key stakeholders joining virtually.

In its financial reports for the year ended December 31, 2023, Standard Bank said earnings from interest and other revenues drove net profit to MK52.5 billion, an increase by 34 percent over 2022.

“Net interest revenue grew 57% year on year driven by growth in both net interest income and non-interest revenue,” reads in part the report, co-signed by Madinga, Chairman of Board Chris Kapanga, and other directors of the bank’s board.

Veteran lawyer Naphambo knighted

Mackintosh ‘knights’ Namphambo during the investiture ceremony

Veteran lawyer James Namphambo has been knighted for his commitment and dedication towards work of St John’s Ambulance, an international humanitarian organization that provides first aid and medical services.

King Charles III of the United Kingdom knighted Namphambo but delegated the Chancellor of St John’s Ambulance Scotland Simon Mackintosh to do the investiture ceremony at St Paul’s Anglican Cathedral Church in Blantyre on Thursday.

Through the Investiture ceremony, Mackintosh also honoured nine other people as members and an officer of St John’s Ambulance Malawi.

Speaking after the event, Mackintosh said: “I am delighted to see St John Malawi in such a strong position in the service of humanity. St John Scotland and St John Malawi work together and there is one thing that binds us, that is why we all wear the same uniform and badge. Community health here in Blantyre and Lilongwe has been the driving force of what St John is doing and certainly St John Scotland has been supporting that.”

The knighting of Naphambo, who is St John of Malawi president means he has now been elevated to the title ‘Sir’ which is a special recognition approved by the King of England.

In his remarks after the investiture, Naphambo expressed gratitude saying the honour will drive further his passion for executing charity works.

“I am excited because there are very few knights in Africa. If I can remember we have Nelson Mandela, Desmond Tutu, and President Arap Moi who were knighted. This means that we have to continue working hard because we are being recognized for helping the needy, the less privileged with the money we get from our partners. We have used that money properly to help the people who cannot fend for themselves so that they can also enjoy life,” he said.

Naphambo indicated that one of St John Malawi’s areas of focus is primary healthcare, which focuses on teaching locals to have clean houses without the use of money.

“By making sure their houses are clean, it helps them to avoid contracting communicable diseases like diarrhea and cholera. I am happy with the positive response in the area that we work,” he added.

Among others who were recognized at the event include Chrissie Bema, Fred Demester, Precious Lucia Divala, Felister Kalasa, William Karanya, Dr Grace Wit Katha, Reverend Canon Charles Masina, Judith Ntonga and Vincent Blessings Tholo who is also the National Coordinator for St John’s Ambulance Malawi.

Bishop of the Anglican Diocese of Southern Malawi Alinafe Kalemba also attended the ceremony and offered a homily themed ‘Caring for the neighbour’.

NBS Bank Plc doubles Charity Shield sponsorship

Ngwenya (left) exchange contract documents with Gunda

NBS Bank Plc has doubled this year’s Charity Shield football sponsorship package from K20 million to K40 million.

Announcing the good news at a press briefing on Tuesday, the Bank’s Chief Executive Officer (CEO), Kwanele Ngwenya said NBS Bank Plc decided to hike the package after being impressed with how the tournament has been run and its impact since they started sponsoring it in 2022. 

“This year, we are elevating our commitment to the zenith of possibility with a sponsorship of K40 million. We are championing the cause of education, the bedrock of sustainable development and the cornerstone of Malawi’s vision. Education empowers, enlightens, and emancipates.”

“The NBS Bank Charity Shield is more than a competition; it is a manifestation of our shared values, our hopes for a brighter future, and our commitment to the holistic development of Malawi. As we embark on this year’s journey, let us be reminded of the power of partnership, the impact of investment in our communities, and the transformative potential of sports and education combined,” said Ngwenya.

Ngwenya also announced that the Bank will bankroll the Charity Shield for the next three years, with this year’s proceeds going toward construction of sanitary facilities in selected schools in the Central Region. 

Football Association of Malawi (FAM) represented by General Secretary Alfred Gunda thanked NBS Bank Plc for the kind gesture.

 “We are very excited that NBS Bank has taken us to another level with the charity shield sponsorship pushing us to K40 million.” 

“Apart from the charity events and entertainment, football offers employment to a lot of people ranging from the players, coaches, referees and others,” he said.

Gunda also commended NBS Bank Plc for committing towards the cause in the next three years. 

“We have always had yearly sponsorships for the competition, and now this news gives us hope as we now know we have a sponsor for the next few years,” he added. 

TNM Super League champions FCB Nyasa Bullets and runners-up Silver Strikers are set to battle for the Charity honours at Bingu National Stadium (BNS) in Lilongwe on March 30. 

Last year, the NBS Charity Shield match between Bullets and Mighty Mukuru Wanderers raised over K20 million which was channeled towards the victims of the Cyclone Freddy which hit most parts of the Southern Region districts. 

In 2022, NBS Bank Plc sponsored the Charity Shield with K15 million and the proceeds went to Cyclone Ana victims in Nsanje district. 

Finance Minister hails FDH Bank Plc for opening first ever Service Centre on Likoma Island

Chithyola Banda (right) gestures after officially opening the FDH Likoma Service Centre

Minister of Finance and Economic Affairs Simplex Chithyola Banda has hailed FDH Bank for establishing a banking centre on Likoma Island.

FDH Bank Plc has become the first bank to open a fully-fledged service centre on Likoma Island, a district that has always faced financial accessibility challenges.

“There will be local economic development as the Bank will support the growth of small businesses by enabling entrepreneurs to establish and expand their enterprises,” said the Finance Minister during the colourful opening ceremony on Monday.

In his remarks, FDH Board Chairperson Charity Mseka said financial inclusion is recognized as a main pillar of the global development agenda, as such opening the service centre is an important milestone for the Bank and the people of Likoma.

“Worldwide, 2.5 billion adults still lack access to basic financial services. Closing this gap is vital to ending extreme poverty and boosting shared prosperity.”

“The World Bank Group has set a target for Universal Financial Access (UFA) that ensures that adults everywhere have access to a transaction account to store money, and send and receive payments,” said Mseka.

The Bank’s Managing Director Noel Mkulichi added that the decision to open a Service Centre on the Island is informed by FDH Bank’s new strategy and plans that aim to provide easy access to financial solutions that enable communities to grow.

“This FDH Bank Plc Service Centre aims to break financial barriers for the people of Likoma. It was initially shocking to hear of the financial accessibility challenges that the people at Likoma face.”

CSR work- Mseka (left) presents a K2 million dummy Cheque for Likoma Secondary School

“Civil servants had to contribute transport and accommodation for one person to travel to Nkhata Bay with ATM cards of the entire group to withdraw money. This was a huge risk and an inconvenience,” said Mkulichi. 

He further noted that the absence of the banking facilities on the Island resulted in the closure of offices and businesses for some days as people had to travel to the mainland, which led to the loss of productive time. 

“Tourists sometimes cut short their stay on this beautiful Island once they run out of money, and this is a lost opportunity for the country. These stories and many more are depressing! This is what the people of Likoma have been going through since time immemorial,” added Mkulichi.

The opening of Likoma Service Centre means FDH Bank is available in all the districts in the country. 

During the function, the Bank  donated  K3 millionto Likoma District Hospital towards procurement of linen for the women’s ward, and K2 millionto Likoma Secondary School towards procurement of mattresses for students as part of their corporate social responsibility. 

First Lady hails NBS Bank Plc on girl-child support’

Chakwera (right) presents the award to Simwaka

Malawi’s First Lady Monica Chakwera through her Shaping Our Future Foundation (SOFF) has commended NBS Bank plc for its continued support to the foundation since its inception.

Madam Chakwera said this at a fundraising dinner held at Sanjika Palace recently where she presented an award to the ‘Caring Bank’ in recognition of the partnership with SOFF.

“I sincerely thank our supporters for this dinner – NBS Bank, who have shown unwavering support to our bursaries and mentorship program. We have made significant progress in the last three years, providing bursaries nationwide, girls mentorship, and supporting economic empowerment programs, awarded over 2500 scholarships across 150 Public Secondary Schools.”

“We organized in-school mentorship sessions and national girls’ mentorship retreats, impacting over 1300 girls. This indicates the effectiveness of offering financial assistance to education together with tailored mentorship,” said Chakwera.

Receiving the award on behalf of NBS Bank Plc, Deputy Chief Executive Officer Temwani Simwaka said NBS Bank places great value in ensuring girls and women are given a conducive environment to thrive. 

“At NBS Bank Plc we have mentorship programs for girls, that is why we saw the need to partner and provide support to the First Lady’s foundation. Our aim is to see a girl child empowered to shine,” she said. 

NBS Bank partnered with Shaping Our Future Foundation in 2020 to promote the holistic development of the village girl and street child.

 The Foundation’s main goal is to increase enrolment, retention, and completion of secondary school education of 5000 village girls and boys by 2026.

Standard Bank ranked as Africa’s most valuable banking brand for a third consecutive year

Sim Tshabalala, Standard Bank Group Chief Executive

Standard Bank has been ranked as the most valuable banking brand in Africa in 2024. This is the third consecutive year that Standard Bank has been ranked first in Africa Brand Finance’s annual ranking of the world’s Top 500 Banking Brands.

The bank also increased its brand value by 12.4% in the last year to reach over $1.9 billion US dollars. This places Standard Bank as first in Africa and 138th in the world, up 7 places from 145th in 2023.

Every year, Brand Finance assesses 5 000 of the biggest brands across the world, and publishes nearly 100 reports, ranking brands across many sectors. The world’s top 500 most valuable and strongest banking brands are included in the annual Brand Finance Banking 500 ranking.

Sim Tshabalala, Standard Bank Group Chief Executive says: “We are honoured to receive this accolade, which affirms our commitments to providing consistently excellent service for our clients and to driving Africa’s growth”.

The Standard Bank Group, also trading as Stanbic Bank in other markets, is the continent’s largest financial services provider by assets and has a brand presence in 20 African countries and 6 international centres.

“The Standard Bank brand is a trusted symbol of growth across Africa, and for it to be deemed the most valuable bank brand for a third consecutive year is a proud moment for all our people and our clients. This tangible and independent valuation confirms who we are and what we do as a brand is meaningful and relevant to the people, businesses, and communities that we serve,” said Margaret Nienaber, Standard Bank Group, Chief Operating Officer.

Sim Tshabalala ranked in the 10 Top Bank CEOs

In addition to the bank’s accolade, Sim Tshabalala has been listed as one of the 10 Top Bank CEO in the Brand Guardianship Index. He has been particularly recognised as a champion for gender equality and women’s empowerment.

According to the Brand Guardianship Index, CEOs are evaluated on their capacity to generate long-term corporate value while taking into account the needs of all parties involved, including employees, investors, and the general public.

The Brand Guardianship Index said that “under his leadership, Standard Bank has become an invaluable partner in supporting initiatives such as the Top Women Conference, which celebrates the achievements of women leaders and organisations that empower them”.

The bank’s work to drive increased digitisation to innovate in response to evolving customer needs through organic and targeted partnerships was also acknowledged as helping drive the organisation’s leading role.

“We strongly believe in the potential of this continent and these awards re-emphasise our commitment to continue to provide services that are tailored to meet our clients’ needs,” concludes Ms Nienaber.

NBS Bank to unveil Charity Shield package on Tuesday

NBS Acting Head of Marketing and Customer Experience James Chikaonda

Malawi Stock Exchange listed NBS Bank Plc returns for the 2024 Charity Shield as they are set to unveil the new package on Tuesday at their Headquarters in Blantyre.

The NBS Bank Charity Shield marks the kickoff of the new football season, and NBS Bank Plc has been bankrolling the competition for the third-consecutive season in partnership with the Football Association of Malawi (FAM).

Last year, the Bank raised the sponsorship from K15 million in 2022 to K20 million and the proceeds were channelled towards survivors of the Cyclone Freddy which hit most districts of the Southern Region.

NBS Acting Head of Marketing and Customer Experience, James Chikaonda said the Bank realises the need to impact other people’s lives through charity.

“Together with FAM we try to identify a need that we can help. Just like last year, we will also donate the proceedings of the match for another cause. As a Caring Bank, we believe that we have a role to play in helping the needy because some of them might be our customers, or connected to one of our customers,” Chikaonda said.

Chikaonda however refused to divulge more of the 2024 season package.

“But for now, it is about the signing ceremony with FAM and we promise to return big,” he said.

FAM Director of Communication and Competition, Gomezgani Zakazaka commended NBS Bank Plc for being a reliable partner in running the Charity Shield.

Zakazaka said through the initiative, Charity Shield has managed to impact the lives of many Malawians, apart from offering entertainment through the football match.

“FAM would like to thank NBS Bank Plc most sincerely for supporting the charity shield,” Zakazaka said.

Capital Radio sports journalist Christy Gomani concurred with Zakazaka saying the NBS Bank Charity Shield is very important as it also sets the tone for the new season.

“As the name suggests, it’s about charity, and we have seen great impact as the proceedings benefit the needy. On the other hand, there is no charity match in Malawi since the trophy counts for the winners. Remember, the match is played after a break from last season and every supporter hopes for a positive start for their team,” he said.

Last year, the Charity Shield match between Nyasa Big Bullets and Mighty Mukuti Wanderers played at Bingu National Stadium in Lilongwe, fetched K20 million.

Proceeds from the Bank’s maiden year in 2022 were also channelled to flood victims in Nsanje.

Activist Undule Mwakasungula challenges APM on his comeback bid

One of the country’s renowned human rights activist, Undule Mwakasungula has challenged former president who is also leader for the Democratic Progressive Party (DPP) to carefully consider if his decision to contest in the upcoming 2025 general elections will be for the national good.

In a press statement issued today Sunday, March 10, 2024, Mwakasungula has described the Mutharika’s comeback bid as for more of his personal interest and a clear sign of leadership in-bitterness.

“While APM might have indicated his desire to come back as the president of this country, it is imperative for him to critically examine his motive behind.

 As states man, APM was supposed to demonstrate willingness to acknowledge both the achievements and shortcomings of the current regime and rise above all political differences for the for the nation’s common good “, said Mwakasungula.

He added that Mutharika was equally supposed to shoulder responsibility in promoting a culture of tolerance and respect amidst the re-emergence of political violence and hate speech in the country adding his insistence to join active politics is in disrespect to his former presidency roles.

On Friday during a press briefing at his Page House in Mangochi, Mutharika declared his 2025 general elections comeback bid to serve Malawians in what he called as the current social economic challenges.

Mutharika’s comeback bid has created major divisions in the country east while former governing party with the party recently firing all those deemed ant APM including leader of opposition Kondwani Nankhumwa

The party also lost its senior members who have defected to the Tonse Alliance key partner Malawi Congress Party (MCP).

We Lose Kaning’ina Forest, we are Doomed-NRWB

Authorities in Mzuzu have sounded a timely warning to residents that if Kaning’ina forest is destroyed through deforestation, then Mzuzu is doomed in as far water supply is concerned.

Speaking at Kaning’ina Forest in Chimaliro where Northern Region Water Board NRWB partnered with the Public Relations Society of Malawi (PRSM) to plant trees in the catchment area, NRWB Director of Operations Engineer Dr. Ausmane Ungwe said Kaning’ina forest is crucial to continued water supply in the city.

NRWB Director of Operations Engineer Dr. Ausmane Ungwe plants one of the trees

“Let’s take this message seriously and to everyone. If we dare to destroy Kaning’ina Forest, then we are doomed here in Mzuzu,” said Ungwe.

Through the partnership, PRSM and NRWB on Friday planted hundreds of trees in Kaning’ina forest in a bid to afforest the catchment area.

The exercise was attended by all relevant stakeholder groups in the city including MDF, Forestry Department, Mzuni, the media and Mzuzu City Council.

Engineer Dr. Ausmane Ungwe speaks during the exercise

PRSM has taken aggressive efforts in the afforestation frive by partnering with stakeholders to plant trees across the country. Last week, the PR professionals partnered with National Water Resources Authority to plant trees at Bua in Kasungu.

PRSM President Benson Linje said the PR body was ready and geared to partner various stakeholders and companies in various engagements, including training management teams in modern communication needs.

Powering women to live their dream

March 8 is International Women’s Day, which amplifies calls to invest in women and accelerate progress towards ending poverty and inequalities. We track how a local bank’s financing vehicle is greasing the wheels of women investors often rejected by financial institutions:

Tadala (left) poses with one of the nurses at Tapempha Medical Care Centre clinic

When Dr Thandie Mabedi decided to quit her job, she dreamed of owning a clinic where Malawians could access no-fee specialist services they obtain beyond the borders.

The medical doctor and her husband opened Uromed Clinic in Lilongwe in 2020 to fulfil her dream.

“My husband is also a doctor,” she says. “Together, we grew the dream of opening a clinic to offer general services and specialized services, but most banks we approached weren’t keen to support a start-up business and had tough conditions, including collateral.”

Mabedi was undeterred in search of capital for her dream project.

She is now the executive director of Uromed Clinic which offers more than just urology, a part of healthcare that deals with diseases of the male and female urinary tract such as kidneys, ureters, bladder and urethra. It also specializes in gynecology, which deals with the female reproductive system, including pregnancy-related procedures and complications.

“We also specialize in kidneys and our procedures don’t involve open surgery on prostates to avoid complications. We have laser treatment to treat kidney stones, which no other clinic treats in Malawi,” she narrates.

Dr Mabedi captured at the clinic

The clinic employs 44 workers, up from eight at the start.

Four years on, it is on course for expansion to a 30-bed facility following the acquisition of land just opposite the current five-bed clinic.

NBM Development Bank Limited, the development financing institution of the National Bank of Malawi (NBM) plc, supported the Mabedi’s dream project.

She recounts: “We made a presentation about our dream and we were stunned to hear NBM Development Bank Limited committing to support the building and buying of equipment.”

They paid back the loan within three years and qualified for another one from the Financial Inclusion and Entrepreneurship Scaling [FInEs] project through the NBM Development Bank. The World Bank funds FInEs, a five-year initiative by the Government of Malawi through the Reserve Bank of Malawi (RBM).

“We are using the money to build a bigger hospital which will have radiology, X-ray and advanced laboratory,” says Mabedi.

Tapempha Clinic

A similar dream come true is Tapempha Medical Care Centre at Namitete Trading Centre along the Lilongwe-Mchinji Road.

Shareholder Tadala Kathumba, a human resources manager, says the FInEs project provided K375 million through NBM Development Bank Limited to construct the 100-bed clinic and procure medical equipment.

“The clinic employs 65 people and serves about 3 000 patients per month. We aim to see Malawians getting medical care here, not outside the country,” she says.

The two stories testify to the need to invest in women to achieve their dreams of changing the world around them.

In both cases, the women were first rejected by other financial institutions.

This year, the International Women’s Day theme, inspire inclusion, calls for a shift towards investing in women “Invest in women to accelerate progress. This highlights the importance of gender equality, women’s empowerment and their rights to healthier lives.

Ministry of Gender spokesperson Pauline Kaude commends NBM for its commitment to empowering women financially in line with the theme of inspiring inclusion.

She states: “One of the ministry’s mandates is ensuring that women are economically empowered. This development is a plus for us. If women are economically empowered, women will make meaningful contributions to the country’s economy.

“The ministry appreciates the good collaboration with FInEs. By complementing each other, we will capacitate women who lack the financial and technical muscle to do businesses like their male counterparts.”

NBM Development Bank Limited general manager Bernard Masi says the bank took a different approach to close the gaps that impede most Malawian entrepreneurs from accessing finance.

The main winners are small and medium enterprises, including women entrepreneurs.

When asked about the success stories of  Mabedi and Kathumba, Masi said: “We believed in their dreams and gave them a chance to realize those dreams.

“Today, we witness how the two women and many others have excelled in their businesses. As a development bank, we are here to change people’s lives and contribute to the development of this nation.”

NBM plc marketing and corporate affairs manager Akossa Hiwa is happy that with NBM support, the two enterprising women have achieved what they never expected to achieve within five years when access to capital was tricky.

“The bank places great efforts in ensuring women are empowered,” she says.

NBS Bank Plc’s Simwaka recognized at Wealth Woman Summit

Simwaka- I am honoured to receive the award

NBS Bank Plc Deputy Chief Executive Officer (DCEO) Temwani Simwaka’s commitment towards girl’s mentorship earned her an award as one of the inspiring leaders during this year’s Wealth Woman Summit held in Lilongwe.

The Bank runs a mentorship program where some of its female managers mentor girls under the mentorship program.

Wealth Magazine Managing Executive and CEO of Malawi Roundtable, Harry Chima, whose organization organized the event, said Simwaka was recognized for her consistency in championing the girl-child initiatives.

“Besides the other criterion, she has been a consistent and inclusive leader in as far as mentoring the girl child including resourcing for those economically challenged with re-usable pads is concerned,” he said.

In her remarks, Simwaka said the award will help push her effort in mentoring the girl child in the country.

“I am honored to receive this award and for my efforts about girl child inclusion to be recognized. As we continue commemorating International Women’s month, I implore all Malawians to continue celebrating women for their contributions and achievements in society,” said Simwaka.

The event brought together Malawi’s phenomenal corporate and community leaders, super achievers, the legendary and students with varying experiences in different fields.

NBM plc celebrates women strides

Malunga-Inspiring Inclusion

National Bank of Malawi (NBM) Plc says it has made strides in empowering women to grow professionally and financially in the country.

One of the Bank’s Directors, Bernadette Malunga, said in an interview ahead of the International Women’s Day (IWD) commemoration, which falls on 8 March (today), that promoting women in leadership positions and building their capacity is one of the Bank’s priorities.

“If they want to improve their education, we provide training opportunities so that they can further their studies, which in the long run may push them to acquire leadership positions within the company.”

“The Bank has several initiatives to promote women’s leadership. We try to ensure  that each department has equal representation of both men and women. Further to this, females who are seen to be lagging behind are allowed to further their education ,” said Malunga.

This year’s IWD is being celebrated under the theme ‘Inspire Inclusion’ and is meant to emphasize the importance of diversity and empowerment in all aspects of society.

Malunga further said through a social media campaign termed ‘Inspiring Inclusion’, NBM plc seeks to celebrate strides made by female employees at different levels, female members of its Board of Directors and female customers.

“The Bank hopes that this will serve to encourage other women to keep striving for greatness in all their endeavors,” said Malunga.

One of NBM Plc’s employees Hlupikire Phalira, an accounts officer, also shared the progress made on her career path since she joined the Bank.  

“At National Bank Plc, we have policies that promote equal opportunities for both men and women. When I joined the Bank, I only had a Diploma in Accounting but because of the Bank’s policies I got a degree from the University of Malawi, furthermore, I am studying to become a chartered accountant with the ACCA,” said Phalira.

Apart from empowering female employees, NBM Plc also has female customers at heart as they offer tailor-made services to support women entrepreneurs.

Owner of Mikos and Milkshake Dessert Parlor, Chisomo Munthali said she managed to access a loan that helped boost her business.

“I can confidently say that National Bank of Malawi Plc has been a very positive support in my journey and my dreams. Back in 2021, I needed financing and I approached my Bank with all hopes that they would find something to help me, and truly I was included in the ‘Amai Angathe’ program. I managed to access financing to help boost my business,” she said.

“Ma Blacks” band leader, others win millions in TNM promotion

Anjiru Fumulani, leader of popular Chileka reggae band the Black Missionaries and Lilongwe-based farmer is amongst the lucky customers to win millions in a TNM festive season promotion.

During the grand draw conducted on Thursday in Blantyre, Lyson Jickson, the farmer from Lilongwe emerged winner of the grand prize of K10 million while Anjiru was one of the winners in the K1 million category.

It was all joy and excitement for Jickson when he was named the winner. He plans to invest the K10 million in his farming enterprise and looks forward to turning his personal life around, he said.

Celebrated Musician Anjiru Fumulani of the Black Missionaries who emerged on of the winners in the K1 million category was over the moon thanking TNM for the life-changing promotion.

Speaking during the grand draw, TNM’s Head of Brand and Marketing, Madalitso Jonazi said that TNM is delighted to play a great role in transforming lives of customers through the promotion.

“Through this promotion, TNM was giving back to all customers who have stood by us through thick and thin.

“We are thrilled to have played a part in making their dreams a reality, and we look forward to continuing to delight and reward our customers in the future,” said Jonazi.

TNM expressed its satisfaction with the overwhelming response by its customers throughout the promotion.

“The success of this promotion underscores our commitment to providing unparalleled value and experiences to our customers.

“Throughout this festive season, we’ve been overwhelmed by the incredible response from our loyal customers,” he said.

The promotion which was launched to celebrate the value of customers last year has rewarded 2,471 customers and TNM has distributed K62.3 Mil in prizes.

“Thanks to the overwhelming participation from customers across the country we are delighted to announce that more than two thousand customers emerged winners, collectively winning over K62 Mil in prizes,” added Jonazi.

TNM has assured Malawians of continued investments in innovation to bring incredible services and products.

The festive season promoting served to underline TNM’s commitment to sharing the network’s benefits.

Jickson and Anjiru are among the 16 customers who have become instant millionaires courtesy of TNM’s Festive Promotion.

Five customers went away with K2 million each while 10 others won K1 million each. Another set of 10 pocketed K500, 000 each.

Business Mogul Mpinganjira builds Cancer Hospital in Honour of late Wife

Chakwera cuts the ribbon to mark the official launch of the cancer centre as Mpinganjira, Chilima look on

The International Blantyre Cancer Centre Board Chairperson Thomson Mpinganjira has said the decision to construct the centre was triggered by the death of his wife, Barbara on 4 January 2019.

Mpinganjira said this on Tuesday when President Lazarus Chakwera officially opened the International Blantyre Cancer Centre in Nyambadwe, Blantyre.

He narrated that the plan to construct the centre dates back to 24 January 2017 when his late wife, Barbara was diagnosed with cancer and she spent 3 months at a South African hospital while he stayed in a hotel until their return to Malawi on 16 April 2017,

” It was that experience in South Africa, that prompted me, after the death of my wife on 4 January 2019, to make the decision to build a Cancer hospital in Malawi so that as many Malawians as possible should never have to go through the same experience we went through. I give glory to God that we now have a Cancer Centre in Malawi” he said.

According to Mpinganjira, the facility will offer both Radiotherapy and Chemotherapy treatment and has the most advanced Radiotherapy facilities in Africa which will help in treatment of cancer patients within the country.

He emphasized that the Centre is a game changer for the country as it will relieve the country on the massive foreign exchange challenge the country is experiencing.

“The second reason is the huge cost burden borne by the patient or family. The financing burden paying for air tickets, accommodation, food, local transport, and sundries amongst other costs for the patient and the guardian that just add up to the patient’s stress exacerbating the condition of the patient,” he bemoaned.

Mpinganjira applauded President Lazarus Chakwera for his willingness to personally come to open the Cancer Centre, describing the gesture as a clear demonstration that the President values the contributions of the private sector community in Malawi.

“This momentous occasion marks a significant milestone in our collective fight against one of the most formidable adversaries known to humanity – Cancer. The Cancer Centre stands as a beacon of light in the darkness of cancer, a place where innovative technology meets the healing power of empathy and compassion,” he said.

In his remarks, Chakwera said government is currently implementing the National Cancer Control plan that among others, will enable that every cancer patient should be treated within the country by 2030.

He said the National Cancer Center in Lilongwe will be operational by September this year.

The President added that there are many patients that need treatment which calls for collaborative efforts as at the moment, saying treating one cancer patient requires about K25 million.

Speaking earlier, Minister of Local Government, Unity and Culture Richard Chimwendo Banda who spoke on behalf of Minister of Health Khumbize Kandodo-Chiponda, said about 12 0000 people die of cancer every year in Malawi and that 17 000 cancer cases are diagnosed every year.

He said cancer remains a burden for the country as the deaths accounts for almost 50 percent of deaths that occur due to non-communicable diseases.

The cancer centre is a 50/50 joint venture between the ‘Thomson & Barbara Mpinganjira Foundation’ and the Luxembourg, Belgium based company called OMCC.

OMCC has 5 Cancer Centers in France and four in Africa and has treated over 60,000 patients since this Radiotherapy group started.

Once fully completed with state -of-the-art accommodation, the cost of the project is expected to amount to 7 million euros (about K12 billion).

So far about K9.6 billion has been spent on the first phase of the project while second phase is expected to start soon and will comprise of a state-of-the-art Diagnostic facility and accommodation facility pushing the final cost of the project to 8 million Euros.

Exposed! What the ‘hidden’ Public Reforms report proposes…Why Chakwera did not want to make the report public

…He has only implemented two issues since report was issued

Embarrassing! President Lazarus Chakwera received a report on the review of Public Service systems of allowances, employment contracts, procurement and on the conditions of service and restructuring  by the Public Service Systems Review Taskforce in May 2021 and decided, on the 11th Hour, not to release its contents to the public as he earlier promised.

The most embarrassing thing is that in the three years that the report has been gathering dust in a file cabinet at State House, the President has just fulfilled only TWO items of the many proposals that the review taskforce, headed by Vice President Saulos Chilima, proposed for the good of the country, namely transport allowances and meal allowances for civil servants.

We have managed to quickly breakdown some of the proposals in the report that the President was asked to implement and you are the best judges on who wishes this country good and who is taking this country to ‘Bagamoyo’……

Allowances for Members of Parliament

The Taskforce on the review of Malawi’s Public Service Systems recommended that;

1. The Parliamentary Service Commission should remove the double payment of sitting allowances for Members of Parliament and parliament staff since this is

double payment as they are already paid a salary and other allowances.

2. That paying sitting allowances in order for them to fulfill these responsibilities amounts to double payment, because they receive a salary.

3.  Furthermore, these allowances are paid in advance and not recovered when MPs are absent.

4. Parliamentary staff also receive sitting allowances when serving parliamentary committees, although this is not provided in their conditions of service.

5. The Taskforce estimated that, on average, a Member of Parliament (MP) gets more than MK2,750,000 per month in remunerative allowances, and over MK4,400,000 for the Speaker, not including salaries.

6. For example, the minimum local subsistence rate for an MP is MK60,000, which equals to the maximum rate for a civil servant.

The Taskforce also noted that the maximum rate for external travel allowance for MPs is more than double the maximum for the civil service ($650 v $300).

Reforms Report on Subsistence Allowances

The Taskforce on the review of Malawi’s Public Service Systems observed that

subsistence allowances for travel are the most prone to abuse.

For instance, in the 2019/20 financial year, MK27.4 billion was approved for subsistence allowances, but what was actually spent was MK 33.7 billion. Over 88% of these allowances are spent by central government officers.

Therefore, the Taskforce recommended that;

1. Government implement full-board facility for local travel, with effect from 1st July 2021 for grades E and above, and transition all other ranks to fullboard according to grade with effect from 1st April 2022. This will eliminate or at least reduce chasing of allowances for personal gain, while making sure that public officers on duty are properly accommodated.

2. The Department of Human Resource Management and Development should negotiate with hotels, motels, and lodges special government rates for full board for public officers including ministers, with maximum rates for lunch and dinner as part of the full-board regime, excluding laundry and alcohol.

3.  Introduce IFMIS-generated Local Purchase Orders (LPO) for hotel/motel/ lodge accommodation bookings, and engage service providers so that payment is made after being invoiced.

4 Controlling Officers must ensure that all full board invoices from hotels/ motels/lodges are paid within 30 days and they will be held accountable for failure to settle bills, with sanctions following.

5.  Review the Incidental Allowance Rates attached to full board regime and adjust them accordingly

Reforms Report on Employment and Contracts

The Taskforce on the review of Malawi’s Public Service Systems observed that despite having clear procedures and authority in the administration and management of employment contracts in the public sector, there is poor enforcement of existing laws and regulations.

It therefore recommended the following;

1. Presidential appointees on employment contracts for a specified period,

such as personal assistants and diplomats who are not career civil servants,

and non-statutory political appointees such as Special Presidential Advisers,

should not transition into the mainstream civil service.

2. Furthermore, the length of employment contract should be aligned to the terms of office of their principles, be it the President, Vice President, Ministers, and Deputy Ministers, as the case may be.

2. With immediate effect, appointments in parastatal organisations should be

done by the appropriate authority, as provided for in the specific parastatal’s unless the Act specifically provides that the appointment or recruitment ofany of its staff will be made by the President.

3.  All appointments and recruitment must adhere to the existing laws.

Reforms Report on Salaries: No Civil Servant Salary to be Below Cost of Living

The Taskforce on the review of Malawi’s Public Service Systems observed that salaries are lowest in the civil service and highest in parastatals, including state-owned enterprises.

The Taskforce therefore recommended that;

1. Government must improve the salaries of public servants so that the lowest paid employee should receive a salary which responds to the Basic Needs Requirement.

2. At any point in time the salary of the lowest paid public servants should not be lower than the cost of living.

3. Introduce a contribution towards housing and transportation through appropriate non-taxable allowances as recommended below.

4. The Public Service Commission recommended that the cost of living be monitored and reviewed at least on a quarterly basis to be used in reviewing salaries.

5. Paying public officers salaries that are below the minimum needs basket violates their right to fair remuneration as is provided under section 31 (1) of the Constitution.

 6. There are huge disparities in salaries in the public service paid for work of equal value especially between the civil service and the parastatals. There are also huge disparities among the parastatals.

7. The disparities violate the principle of equal remuneration for work of equal value as is provided under section 6 (1) of the Employment Act (2000) and section 8 of the Public Service Act (1994).

8. Most civil servants, especially in the low cadres, lack decent housing accommodation and face transportation challenges to and from work.

Reforms on Political Influence on Recruitment Process

The Taskforce learnt that the reported forms of maladministration usually come about because of political influence and interference, cronyism, favouritism or/and corruption.

” It appears there are people determined to put candidates in certain positions, regardless of stipulations of the law,” reads the report in part.

It therefore recommended that;

1. The respective boards and DHRMD should terminate all irregular contracts including those people recruited without following government-approved procedures, without appropriate qualifications, political appointees who were mainstreamed, and those who are past the mandatory retirement age, by end June 2021.

2. Recruitment procedures must be followed to the letter, and where they are flouted, the responsible officers, including boards, must be held to account.

3.  Government and parastatal boards must carry out Human Resource Audits, or take action on existing Audit reports, to confirm unprocedural recruitment. Contracts for all those irregularly and illegally employed must be terminated.

4. OPC, DHRMD and MDA’s should immediately discontinue the practice commonly known as “Quarantine,” “Guantanamo Bay” or “Warehousing”, where officers are deployed without being assigned to appropriate functions, but get free remuneration.

5.  Controlling Officer should follow appropriate procedures for addressing indiscipline and under-performance, including termination of services, as provided for in the Employment Act.

6. DHRMD should provide guidelines for redeployment and redundancy scheme. All affected officers must have their cases resolved within three months.

Reforms Report on Performance Appraisal

The Tasforce observed that  the Malawi Public Service’s performance and productivity is low, and cannot support the achievement of Malawi’s ambitious development goals and Malawi 2063 vision.

It recommended that;

1. To demonstrate strong leadership from the top and the value that the government places on performance appraisals, the State President should introduce performance appraisals of the SPC, supported by independent external evaluators to ensure that all key responsibilities outlined in the PSA, PFMA, and other laws are addressed in the appraisal, with the first round to be completed by 1st June 2022.

2.  SPC should implement annual performance appraisals for Controlling Officers in line with Performance Contracts of MDAs and in particular, adherence to set regulations and procedures governing allowances, other financial management issues, action on audit findings and ability to take disciplinary action on officers where acts of conduct have been committed.

3. The SPC should submit a report of all performance appraisal reports of all Controlling Officers to the State President by 1st June 2022.

4. Furthermore, the SPC should implement mechanisms for rewarding high achievers and sanctions for poor performers as stipulated in the MPSR, with effect from 1 July 2021.

5. The State President should introduce and lead a system for annual public participation in the appraisal of Ministers. Public participation in the hearings should be done through radio, television and other digital platform

Reforms Report on Moral Values

The Taskforce observed that moral decay has created a society that approves and celebrates illegal accumulation of wealth.

It recommended the following;

1.  The President should embark on the process of identifying national champions and develop a programme to restore the moral and ethical values of the public service and society at large, which should commence on 1 October, 2022.

2. Secretary for Civic Education and National Unity should introduce a national week of advocacy for patriotism, integrity and high standard of moral values with immediate effect.

3.  The Secretary for Education should facilitate the introduction of moral values, ethics, integrity, and discipline as an examinable subject in all public schools by 1st April 2022, working in consultation with religious institutions, such as the Public Affairs Committee, Evangelical Association of Malawi, Episcopal Conference, Moslem Association of Malawi, Malawi Council of Churches.

4. The SPC and Controlling Officers should ensure that all public officers attend the mandatory Code of Conduct and Ethics training and ensure that every officer appends their signature to show that they understand the contents. Subsequently, any officer who violates the code should be held liable with immediate effect.

School Fees for Children of Members of Executive Management in Parastatals

The Taskforce observed that currently, all parastatals pay 100% of the school fees for up to two (2) children (who are below the age of eighteen (18)) of members of executive management at international private schools of the Executive’s choice within Malawi.

 Similarly, Parliament pays schools fees for the Clerk of Parliament, for up to three (3) children below the age of twenty-two (22) within Malawi. In all these cases, the choice of school is left to the discretion of the individual employee.

The  Taskforce also established that diplomatic staff in the Malawi Foreign Service receive school fees allowance for up to four (4) children. However, the amount is capped to a maximum applicable at the employee’s duty station and to his or her grade.

It therefore recommended that;

a. Abolish the school fees benefit in public institutions to achieve parity in the public service and revise employment contracts accordingly

b. Current contracts to run their course before adopting this change in policy, and any new contract from the date of approval shall be on the new fixed contract template.

c. Only public servants in the diplomatic service should be provided with school fees support for children below the age of 18 years while in service at a diplomatic mission abroad, and upon return to their home service, for a period of three to five years to allow for proper adjustment and reintegration into the school curriculum.

Philanthropist Dr Triephornia Mpinganjira hails hubby for constructing Cancer Centre in Blantyre

Philanthropist Dr. Triephornia Mpingangira has commended her husband Dr. Thomson Mpinganjira, a philanthropist himself, for constructing a state-of-the-art cancer centre at Nyambadwe in Blantyre.

The first ever radiotherapy hospital will be opened this afternoon by state president Dr. Lazarus Chakwera.

According to Madame Mpinganjira, the hospital will help to save millions of lives in the country seeking cancer treatment.

“This hospital will undoubtedly save countless lives and bring hope to many families,” Triephornia said in a statement addressed to her billionaire husband posted on her official Facebook page.

In the statement, she further said: “Your passion and commitment to this cause are truly inspiring. I am so proud to be your wife and witness the positive impact you are making on the lives of so many Malawians.”

Currently, Malawi sends cancer patients to hospitals in countries such as India and Tanzania.

The Ministry of Health said in August this year that the country uses over K2 billion every year to send patients abroad for cancer treatment.

In 2017, Malawi Government started constructing the National Cancer Center which is yet to be completed

The business tycoons and richest couple in Malawi, Dr. Thomson and wife Triephornia Mpinganjira are well known for sponsoring various social programs as well as sporting activities.

It is no longer a secret; the two are one of the gifts that Malawi and the whole Globe have in terms of humanitarian support and services.

Recently, Dr. Triephonia was in the news after donating a brand new Nissan Patrol to Malawi’s renowned hip hop artist, Limbani Kalilani better known by his stage name as Tay Grin.

She also stormed the social media after donating 2.5 million kwacha to Mai Mbambande, a non-governmental organization dedicated towards assisting the elderly in the country.

As that was not enough, Mai Mpinganjira also supported with air tickets to six children who represented Malawi at Africa Spelling B competition in Uganda.

NBM Plc ranked best in Malawi, Central Africa

Hiwa-We are honoured

National Bank of Malawi (NBM) Plc has been rated the best Bank in Malawi and Central Africa by the France-Based Media Group, Africa Report.

The Media Group, which also publishes a monthly Magazine called ‘Jeune Afrique’, has ranked NBM Plc 20th among the 200 African Institutions which has South Africa’s Capitec Bank leading the list.

According to the methodology used in the ranking, which has been posted on their Africa Report Website, the ranking composed five criteria: profitability, liquidity, solvency, and size.

“A weight is assigned to each to give a score out of 100. Each criteria itself consists of various indicators to which we have assigned a specific weight. In total, around 20 indicators were used”.

“For example, the profitability dimension includes, among other things, the net result ratio over total assets, liquidity includes the loan-to-deposit ratio, solvency includes the equity to total assets and size includes the total balance sheet. If a dimension is missing for a group due to insufficient data, a penalty is applied. When two or more indicators are missing, the bank is not ranked,” reads the methodology.

NBM Plc Marketing and Corporate Affairs Manager, Akossa Hiwa said the recognition is a true indication of the impact made by the Bank in multiple areas.

“We are honoured to be recognized alongside other players within our eco-system. As a Bank, we commit to continue providing financial solutions that create value for the end-user ,” Hiwa said.

In its five-year strategic plan from 2023 to 2027, NBM Plc indicated that it plans to grow to two countries apart from Malawi and Tanzania where the Bank runs Akiba Commercial Bank.

Standard Bank and First Capital Bank (FCB) have been ranked 62 and 67 respectively.

FDH Bank and NBS Bank are positioned 87th and 124th respectively.

https://www.theafricareport.com/322902/capitec-leads-our-ranking-of-africa-top-200-banks/

NBM contributes K2.5m towards Wealth Women Summit

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Hiwa (Right) handing over the cheque to Damson

National Bank of Malawi (NBM) Plc has contributed K2.5 million towards this year’s Wealth Woman Summit slated for Friday and Saturday in Lilongwe.

Speaking after presenting the Cheque to the Summit organisers on Wednesday, NBM Plc’s Marketing and Corporate Affairs Manager, Akossa Hiwa said the Bank considered partnering with Wealth Magazine as it commits to fostering female representation in leadership positions and providing equal opportunities for career growth.

“Critically, this summit, organized by Wealth Magazine, serves as a platform to champion the cause of diversity, challenge stereotypes, and create opportunities for women from diverse backgrounds to thrive.”

“Currently, 41 percent of our total staff members are female, and 28 percent of our managers are female. National Bank of Malawi plc will sponsor this Summit with a contribution of  K2.5 million, demonstrating our commitment to supporting initiatives that promote diversity and inclusion,” said Hiwa.

CEO Africa Roundtable Malawi Chapter and Board Member, George Damson thanked the Bank for supporting the fourth edition of the summit celebrated under the theme ‘Inspiring Inclusion’.

“We are very thankful that the National Bank recognizes that inclusion is a very important aspect in today’s world. Organizing this summit is our way of making sure that we bring to the fore the issue of inclusion,” said Damson.

Organized by CEO Africa Round Table Malawi Chapter, the summit fosters an inclusive environment where everyone feels valued and empowered to contribute their unique perspectives and talents to society.

PIL plants 6000 trees in Soche Mountain

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Msimuko (middle) flanked by representatives from Total Energies, Puma, Vivo Energy, and Petroda

Petroleum Importers Limited (PIL), a consortium of four oil marketing companies namely TotalErnegies Malawi, Vivo Energy, Petroda, and Puma Energy, on Wednesday took time off from their offices to plant 6000 trees in Soche Mountain in Blantyre. 

PIL General Manager, Martin Msimuko said the company decided to plant the trees as a way of giving back to the community and restoring the environment.

“We thought it wise to have our first Corporate Social Responsibility (CSR) initiative of the year by planting trees as it coincides with the national forestry season. PIL is concerned about how Blantyre and its mountains are being degraded . Our expectation is that these trees will grow and add beauty to the scenery of Blantyre and they are also going to purify our environment in our city,” said Msimuko.

Soche Mountain Conservation Trust Project Coordinator, Yangairo commended PIL for the initiative but asked more companies to emulate the gesture, saying the efforts to plant the trees can only bear fruits if they are well nurtured. 

PIL General Manager Martin Msimuko plants his tree

“We need more support from companies just like PIL and its shareholding companies have done. However, we need, as a country, to make sure we take up initiatives to take care of the trees. Let us empower the members of the community who volunteer to take up the tasks of caring for the trees,” said Yangairo. 

One of the forest guards at the mountain, Edson Mukhweya also thanked PIL for the support. 

Mukhweya however asked for collaboration between the security agencies and the forestry department in enforcing the forest regulations on those found destroying trees. 

“It is so disturbing to see that as we collaborate to end the wanton cutting down of trees in our mountain, some government agencies act like they are supporting the behaviour. For instance, as guards, we cannot persecute those that are found destroying the trees. We therefore take them to the Police, but surprisingly, you will meet the same people in the forest again the next day after being released without trial,” said Mukhweya. 

The national forestry season starts in December up to April every year. 

MCP nominates Chakwera as Tonse Alliance running mate in 2025

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One of the main partners in the Tonse Alliance government, the Malawi Congress Party (MCP) has nominated President Lazarus Chakwera as running mate to the Alliance’s torchbearer for the 2025 General elections Vice President Saulos Chilima.

MCP held their Central Executive Committee meeting in Lilongwe on Monday where they settled for Chakwera as their candidate for 2025 elections.

However, the Tonse Alliance agreement which is valid for 10 years from 2020 provides that Chilima will be its torch bearer for the 2025 elections after giving Chakwera a chance to represent it for the first five years of the pact.

Contents of the agreement indicate that Chakwera was to go for the first five years while Chilima will stand for the second term of the Alliance rule.

During a 2020 campaign public rally Chilima told a huge crowd at Njamba Freedom Park in Blantyre that they have agreed that Chakwera should go first and that he would be the torchbearer after five years.

Chakwera has always blamed other unnamed politicians for ‘trying to come between me and the Vice President’ and vowed not to allow these politicians to succeed.

Recently during a development rally in Lilongwe Chakwera said he will practise ‘honest’ politics because he always honour his word.

“Ndikudziwa kuti ndale za ku Malawi zimakhala zosungilana ka mpeni kuphasa koma ine simpanga nawo chifukwa sindinapangepo zimenezi ndipo sindipanga” (I know Malawians practise politics of trickery but I don’t do this and will never do this),” said Chakwera.

According to the Tonse Alliance document the relationship will be reviewed after 10 years.

Chakwera and Chilima were brought together by various people including the clergy to ask them to run the 2020 elections together in order to acquire the 50 plus one percent of the national vote to oust former President Peter Mutharika.

Chithyola’s Headache: Cautioned to contain debt, spending appetite as bank sees hope for Malawi

Standard Bank Plc, Chief Executive Phillip Madinga

Finance Minister Simplex Chithyola has his work cut out for him; he must reduce government’s borrowing appetite and reign in expenditure controls if the ambitious economic growth targets of 3.2 percent to 4.8 percent are to be achieved by 2025.

This is the advice from the country’s second largest bank Standard Bank Plc, listed on the Malawi Stock Exchange (MSE).

In a statement officially responding to the Finance Minister’s draft 2024/25 budget statement, the bank’s Chief Executive Phillip Madinga said adherence to austerity measures and reducing public debt levels hold the keys to achieving the ambitious growth targets as set out in the government’s latest fiscal plan.

“Success of implementation of this budget, and Malawi’s economic recovery, will hinge on the boldness, courage and commitment by all stakeholders—thus private sector supporting initiatives that drive production and export generation, and on the government side, adherence to its austerity measures, reducing public debt levels and effective fiscal management and discipline,” he said.

He also pointed out that the public debt interest line—which has increased by three percent of the total expenditure—must be closely monitored to ensure it remains within budget.

Madinga noted that on the positive side, the 2024/25 budget demonstrates government’s commitment to contain public debt growth as overall stock of MWK1.4 trillion represents a reduction by 14 percent and seven percent as a proportion of revenue and expenditure lines, respectively.

“The overall public debt growth at K1.4tn, as a share of total revenues and total expenditure, has reduced by 14% and 7%, respectively, year on year. With the positive outlook on the macros, public debt growth is expected to be contained…This will be a significant step towards achieving debt sustainability,” he said.

The Standard Bank chief said the 2024/25 budget also addresses the need to boost foreign currency supply by proposing export strategies through Mega farms, labour export, mining, tourism, and enhancement of diaspora remittances.

Madinga added that based on the enhancement of revenue collection processes, anticipated donor inflow opportunities, rationalization of expenditures and additional focus on production sector, the 2024/25 budget gives hope to a better Malawi on the road to achieving the 2063 vision.

All set for land demonstrations on February 28

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By IOMMIE CHIWALO

Concerned Citizens have penned Lilongwe District Commissioner notifying him of their intention to hold peaceful demonstrations on February 28 in demanding justice for their land believed to have been dubiously taken away from their ancestors.

In a letter that we have seen and signed by Concerned Citizens representatives Wells Khama and Reviyasi Revisoni, the grouping will gather at the Capitol Hill in Lilongwe and will only leave on condition that their land is given back.

The Concerned Citizens stressed that the land issue is worth dying for therefore any ploy by authorities to threaten them shall never be tolerated until they get their portion of land.

They have given a background of events concerning thousands of land struggles that are now becoming order of the day that saw the shooting of Maxwell Kenani on November 27, 2023.

And persuaded by daily reports of land wrangles culminating from the injustices towards the poor, the Centre for Democracy and Economic Development Initiatives (CDEDI) challenges authorities to swiftly move in to diffuse a ticking bomb.

Citizens are seeking justice after findings show that there is a court ruling in relation to Alimaunde plot no 44/9 and 44/11, where Judge Kenyatta Nyirenda, in his September 24, 2020 ruling, said it belonged to Natures Gift Limited.

However, there are conflicting details that have emerged showing that the Alimaunde plot no 44/8, was not part of the said court ruling, as claimed by the citizens from Senior Chief Tsabango’s area.

Meanwhile the citizens are further claiming that the land was dubiously obtained by the current ‘owners’ from their ancestors, without any compensation.

Until recently, land crisis was believed to be an issue endemic to the tea growing districts of Mulanje, Thyolo and Nkhata-bay, but today, Malawians are their own witnesses that land is a national crisis in Malawi.

This is clearly evident by the recent vigil that was held at the High Court in Lilongwe, where some citizens of this country including the Kaphwiti Banda family battling it out with Mama Tamanda Cecilia Kadzamila were praying for justice to be served.

It is lamentable that millions of landless citizens are living like half human beings in Thyolo, Mulanje and Nkhata-Bay, while plenty of land lays idle, and worse still, others are serving jail terms, some are struggling to pay fines and many others have had their cases stalled for ages.

“As this is happening, the lucky few, mostly foreign nationals and Malawians of other descent, are letting out land to the natives and others are keeping it for their unborn grandchildren,”

Air Cargo donates equipment to Chileka Health Centre

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Chimwenje (second right) hands over the items to Dzimbiri (second left) as others look on

Air Cargo Malawi (ACM) has handed over medical equipment worth K3 million to Chileka Health Centre maternity wing as part of their Corporate Social Responsibility (CSR) initiative commitment.  

Air Cargo Malawi’s Director of Operations, Arnold Chimwenje said the company thought it necessary to donate to the community they work in, as a way of making a positive economic and health impact.   

“We felt it necessary that we contribute to the nearby surroundings so that we can make a significant impact in the community that we are serving. That is why we chose Chileka Health Centre.  We have donated a maternity bed, a post-natal bed, and four leather-covered mattresses. This is not just a transaction; it symbolizes a collaboration between ACM and the healthcare community.”

“ACM as a key player in the air freight industry, is committed to impacting communities positively. This initiative resonates with one of the objectives of the Malawi Health Sector Strategic Plan II (2017-2022) of improving the availability and quality of health infrastructure and medical equipment,” said Chimwenje.

Chileka Health Centre Deputy Nurse-in-Charge, Maria Dzimbiri thanked ACM for the donation which she said will go a long way in giving comfort to expectant mothers.

“We didn’t have these kinds of beds; we were just improvising the normal beds. The coming in of these beds will tremendously improve our services,” said Dzimbiri.

She then asked other corporate entities to help in renovating a ceiling that is in bad shape and donate weighing scales and blood pressure monitors among other needed items.

Village Head Singano also commended ACM for the donation which she said will also help other villages in Traditional Authority Kuntaja’s area.

“Not only people in my area are excited, but other village heads surrounding this area are also happy with this donation,” she said.

ACM plans to donate to Lumbadzi Health Centre which is near Kamuzu International Airport in Lilongwe later this month.

More customers win in NBM ‘Popanda Chifukwa’ promo

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Ibrahim Chapeyama from NBM (right) handing over a prize to of the instant winners

National Bank of Malawi (NBM) plc over the weekend, continued to splash various prizes to 78 customers in the ‘Popanda Chifukwa POS/MoPay’ promotion currently running.

The Bank conducted its second monthly draw at Mzuzu Shoprite Mall on Saturday, where hundreds of customers also had a chance to win instant prizes after purchasing goods using the NBM’s debit cards, Mo626 Pay, and Point-of-Sale machines.

NBM Cards Acquiring and Merchant Services Manager, David Tamula expressed satisfaction with the support and loyalty they are getting for customers who are prioritizing their digital platforms.

“The Government is having an initiative where we have to make this a cashless society. There are so many benefits out of it, we don’t have to walk around with cash, it is far more efficient. So, we are trying to assist the Government in that endeavor as a very good corporate citizen. We are seeing that customers are embracing it. It is much easier for customers to conduct their transactions as they don’t have to queue twice, but just go where we have our POS and make their payment,” said Tamula.

A customer draws winners at Mzuzu Shoprite

One of the customers who won an instant prize, Serah Moyo commended NBM plc for the initiative saying it is now safe to pay for goods without carrying hard cash.

“This is great, and I urge more customers to embrace the technology. Otherwise, I am happy to be among the lucky ones today,” she said.

Out of the 78 lucky ones on the day, three people cart home K150, 000 cash reward, while 30 others won a 50% refund on their transactions capped at a maximum expenditure of K75, 000.Thirty more customers won gift packs.

The promotion which started in December 2023 and will run up to April 2024.

THE SIGNS TOWARD THE REBIRTH OF ONE PARTY STATE

The Leadership Institute for Transparency and Accountability (LITA) strongly condemns the uncivilized act by thugs believed to have been sponsored by the governing Malawi Congress Party (MCP) to disrupt the peaceful assembly and parade organized by the opposition Democratic Progressive Party (DPP) in Lilongwe. It is very paralyzing to see that MCP officials are downplaying the truth by shielding their diabolic political thugs while many casualties are battling with deep wounds in the hospitals.

Freedom of assembly and association (FoAA) is our birthright as guaranteed in the Constitution, and has no geographical frontiers. Malawi is for every Malawian and does not belong to a single political party. We, therefore, call upon all political parties to co-exist and carry their political obligations dutifully.

Sadly, the compromised Police, on the other hand, seem to have no proactive measures to apprehend the culprits yet they were reportedly on the crime scene. The video clips that are viral on social media can provide a swift lead to bring the thugs and their political masters to book.

LITA and its stakeholders have been following events in Malawi (including what is happening in Parliament now), and we are made to believe that MCP has strategically set for anarchy and one party state. The President and his cohorts must be reminded that Malawi shall remain a democratic state willy-nilly!

The Catholic Bishops, as the midwives of multiparty democracy in the country, have spoken. We as Malawians of good will must listen to the voice of reason enshrined in their prophetic call, and fearlessly act wisely by rooting out any strategies and political machinations that are butchering our hard-won democracy. The signs are so clear that Malawi’s leadership tragedy must be solved by the same voters who ushered the “seemingly indispensable” MCP into power.

MCP’s regime has been earmarked by the detention, arbitrary arrest, judicial harassments, death threats and intimidation of human rights activists, journalists, women, and innocent political opponents. All these vices are orchestrated by bankrupt politicians who believe are above the law.

Instead of sponsoring thugs with sharp panga knives, axes and lethal weapons, MCP leadership must tackle hunger, high costs of living, high inflation, corruption, tribalism, forex scarcity, drug shortages, among other socio-economic problems which are already the venomous sting on the citizens. It is, therefore, uncalled for to indulge on attacking tax-payers who lucratively salary the President, his family, cronies and tribesmen instead of satisfying them.

SIGNED: GOODWELL LOGEYA

LITA EXECUTIVE DIRECTOR

“Don’t believe in hacking narrative, its MCP IT gurus putting Malawians at ransom on Passport crisis”-CDEDI

Namiwa on duty

The Centre for Democracy and Economic Development Initiatives (CDEDI) has told Malawians not to believe in President Lazarus Chakwera’s narrative that hackers are demanding a ransom to recover the passport printing system at the Immigration Department.

CDEDI has rather disclosed that the Malawi Congress Party (MCP) IT team is the reason the system has failed after trying to bypass the system’s developer, Techno Brain.

In its findings, CDEDI observed that the MCP IT team is failing to recover the system while running away from paying rights to the owners.

According to CDEDI findings results made available to Malawi Voice on Friday, February 23, 2024, signed by its Executive Director Sylvester Namiwa, President Chakwera lied to the nation about the system hacking arguing that he wanted to cover up the failed MCP IT team.

“The Techno Brain team said all it needed was a mandate to start working to recover the system, but the MCP ICT team acted wiser and convinced the government that they did not need Techno Brain’s assistance, hence the government has not granted Techno Brain a mandate to recover the system.

“The growing public rage and the ever-inquisitive citizens forced the MCP ICT gurus who were still trying to apply the try-and-error tactics to recover the system, to use the agenda-setting theory to churn the hacking narrative, which is senseless and dangerous,” reads in part CDEDI findings.

The report adds, “Unfortunately, President Chakwera has been caught lying under oath! Forget about the report, here is why Malawians should be living in fear. By publicly informing the nation that the Immigration system has been hacked, the President has played in the hands of professional hackers”.

HERE IS THE FULL CDEDI FINDINGS:

STATUS OF PASSPORT PRINTING

As a mouth-piece of the voiceless citizenry, and in the exercise of its governance watchdog role, the Centre for Democracy and Economic Development Initiatives (CDEDI) zeroed in on the current passport crisis in the country and hereby shares its key findings as follows:

To start with, it is important to say that President Lazarus Chakwera has not only lied to the world but, also, proved himself to be a security threat to the nation by hoodwinking Malawians into believing that the country’s passport printing system has been hacked and that the hackers are demanding a ransom.

In other words, we have reasons to believe that the President disguised Techno Brain as a hacker, and further disguised the GIT’s maintenance contract fee as ransom to earn himself and his administration
public sympathy.

Background

Malawians may wish to know that on March 22, 2019, the Malawi Government engaged Techno Brain on a Build, Operate, and Transfer (BOT) basis where the company used its money to build the system for printing passports on the understanding that it would recover its money through passport fees and later hand over the operations of the system to the Malawi Government after three years.

Important to note here is that passports are not printed using Other Recurrent Transaction (ORT) but the money that people pay when they apply for passports.

At the expiry of the BOT contract, Techno Brain handed over everything to the Malawi Government. However, for purposes of the smooth running of the system, Techno Brain recommended a Dubai-based company, known as GIT, as a maintenance consultant. This was done given the need to replace the system’s parts, including servicing.

The above is now the genesis of the current crisis.

Some well-known Malawi Congress Party-connected ICT gurus, including officials from e-Government,
Malawi Communications Regulatory Authority (MACRA) and National Registration Bureau (NRB), against technical advice from the internal ICT team at the Immigration Department, bypassed Techno Brain and GIT and tampered with the system to run away from paying licence fees.

Investigations show that the system was tampered with through the Lilongwe saver office at Malawi Postal Corporation Training Centre, along the Paul Kagame Road where the Department of Immigration and Citizen Services headquarters is earmarked to be located.

When their attempts proved futile, they invited a Techno Brain team which came for assessment, hence the public notice by the Department of Immigration titled ‘MAINTENACE OF PASSPORT ISSUANCE SYSTEM’ dated January 28, 2024.

According to the assessment report, the Techno Brain team recommended to the government that they needed eight days to bring back the system and printing could resume in Lilongwe and Blantyre. To be followed by Mzuzu and Mangochi.

The Techno Brain team said all it needed was a mandate to start working to recover the system, but the MCP ICT team acted wiser and convinced the government that they did not need Techno Brain’s assistance, hence the government has not granted Techno Brain a mandate to recover the system.

THE HACKING NARRATIVE

The growing public rage and the ever-inquisitive citizens forced the MCP ICT gurus who were still trying to apply the try-and-error tactics to recover the system, to use the agenda-setting theory to churn the hacking narrative, which is senseless and dangerous.

Unfortunately, President Chakwera has been caught lying under oath! Forget about the report, here is why Malawians should be living in fear:

By publicly informing the nation that the Immigration system has been hacked, the President has played in the hands of professional hackers.

The President has just told the world: “Here we are, a helpless and vulnerable nation whose systems are susceptible to hacking!” But the hacking narrative also begs some serious questions:

The mode of communication with the hackers to demand the so-called ransom, assuming it is in person, why not unleash State apparatus to apprehend the messenger if they are within the country? If they are elsewhere in the world, why can’t the government seek assistance from the governments of those countries to apprehend them? Assuming they are communicating via WhatsApp calls or e-mails, is it that difficult to use modern technology to trace them?

Further questions to the above would be; as a nation, have we failed to trace the hackers due to a lack of expertise? If that is the case, are we safe as a country? If it is out of lack of interest, why is the government not interested in flushing out the hackers in the first place?

The other question would be: Is President Chakwera telling Malawians that as huge and important as the Passport Issuance System is, it doesn’t have backup servers elsewhere?

For starters, any computer-based system, no matter how small it might be, has a virtual backup system, and this was one of Techno Brain’s expected deliverables. To hear that the system was crushed and loss of data occurred is a huge mockery, especially for the kind of operations we are talking about.

Malawians may recall that between 2018 and 2019 one of the commercial banks in the country had its system hacked, but it was up and running within an hour because they had servers in Lilongwe, Mzuzu, and the country they had procured the system. Servers are important because no matter how watertight a system can be, it is prone to hacking for, among others, the following reasons:

Malice, Theft and or ransom, Frustration from the super users, Natural disasters, and calamities

Now the critical question President Chakwera should answer is: Out of the 20 million plus Malawians, did we not have skilled ICT personnel who could advise on the need for the Immigration Department to have redundant servers in place?

This is why we at CDEDI, on behalf of Malawians, conclude that the President lied before the House of Records the day he appeared in Parliament and, among other questions, was asked to explain the passport crisis.

WHERE ARE WE NOW?

Malawi is at a crossroads, the MCP ICT team is holding the country at ransom. But empty threats from the President won’t work. The system has been ours since it was handed over to the government, but the government is trying to dodge user licence fees to GIT.

The government is now accusing GIT of demanding user fees, which President Chakwera has described as ransom after some so-called local ICT experts tampered with the system to bypass both GIT and Techno Brain.

The noble thing to do is for the Tonse Alliance administration to swallow its pride and let Techno Brain do the needful that will allow Malawians to acquire passports as and when they need them.

OTHER IMPORTANT INFORMATION

Malawians may wish to know that all this is stemming from an election campaign promise to make a passport affordable, at K14,000, down from the current K93,000.

As this campaign promise was being made, passport printing, according to the initial contract of 800,000 books, was pegged at $76 each translating into US$60.8 million about MK108 billion.

Malawians may remember that the cost of $76 per passport was used to cost the project with deliverables. Techno Brain was requested through the office of the Attorney General to inform the country of the cost of a single booklet, but they declined.

It simply meant that if the passport fee was to be reduced as promised, the government should have subsidized the fee.

The three-year e-Passport project had deliverables attached to it as follows:

Digitalization of the registry.

 2. Digitalization and networking of all embassies to cut costs for sending documents through DHL, and fraud where passports were manipulated,

3.Printing facilities at Chileka and Kamuzu International Airports.

4. Disaster recovery site,

5. Airport forensic laboratories,

6.Training of personnel,

 7. Study tours,

8.Provision of five Toyota Hilux Twin cabs,

9. Upgrade the current passport system,

10. Provision of additional printers,

11.Stock management system,

12. Provision of CCTV cameras,

13. Enhance access control of building and printing rooms,

 14. Protective gear for printing rooms

As it stands, the Immigration Department Director General (DG) General Charles Kalumo owes Malawians an explanation or two, as to whether all the deliverables were met. If not, he needs to explain why that is the case after the full payment of contract money was paid.

OUR STAND

President Chakwera is shielding the trio that is holding this country at ransom, by allowing them to feed the nation lies that they will be able to run the system, by bypassing GIT and Techno Brain, at the expense of people requiring to travel for medical attention, business, and school.

The system requires a disaster recovery site, which was among Techno Brain’s deliverables as per the provision of the expired contract.

The three weeks the President has promised to have the system up and running is a clear indication that he trusts the so-called ICT gurus that have failed for the past four weeks, and we fear that this will be a fruitless effort, likely to end in tears for us.

The said 21 days is too long a wait when Techno Brain had suggested eight working days, especially given that some people have waited for their passports for ages.

WAY FORWARD

Malawians have a right to know who did what; therefore, CDEDI implores the relevant committee in the August House to immediately call for a live public inquiry over the matter, where Techno Brain would also be heard.

By public convenience, the government should immediately recall able hands that have full knowledge and skills of the said ‘hacked system’ but were unceremoniously interdicted, posted, and/or transferred, to go back and solve this national crisis, and save the country from the embarrassment government has pushed it into.

Meanwhile, the seven (7) working days’ ultimatum stands! CDEDI will mobilise Malawians to conduct peaceful demonstrations, protesting the 21 days and forcing a public inquiry on the same.

By Sylvester Namiwa,

CDEDI EXECUTIVE DIRECTOR

NBS Bank feeds the needy in Chiradzulu

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NBS Bank Plc has handed over maize flour worth K3.5 million to hunger-affected individuals in Chiradzulu district.

The donation targeted orphans, the elderly, and the physically disadvantaged in the area of Traditional Authority (T/A) Mpunga in the Southern Region district on Sunday.

The Bank’s Acting Head of Marketing and Customer Experience, James Chikaonda said this is not the first time NBS Bank has donated to the area and will continue to help when the need arises.

“Bearing in mind that we are a ‘Caring Bank’, we thought it wise to come in to assist our fellow Malawians. We are targeting to reach 150 beneficiaries from this area in their time of need,” said Chikaonda.

In her remarks, T/A Mpunga thanked NBS Bank for the timely donation to the vulnerable groups in her area.

“Last year we were affected by Cyclone Freddy, and this year, there is no rain. The people in my area are sleeping on an empty stomach,” she said.

One of the beneficiaries Philes Binet of Kuchombe Village also joined T/A Mpunga in commending the Bank for coming to their rescue.

“We thank NBS Bank for this donation and we hope they will always come to our rescue,” said Binet.

Member of Parliament for the area, Joseph Mwanamvekha also echoed the sentiments by appreciating the Bank’s kind gesture.

“I am pleased to see that today they have come to distribute flour, mainly to the elderly, physically challenged, and orphans. You can see that most of the beneficiaries are quite happy that at least for today and a few days they will be able to eat.”

“It is a very worrying situation now, I am sure you have seen that most of the maize is drying up, and yet it has not matured. In my area, T/As Mpunga, Nkalo, and Maoni may not harvest enough to feed the people,” said Mwanamvekha.

 NBS Bank also assisted the Mpunga Community during Cyclone Freddy disaster last year. 

YOUTH POWER: MultiChoice develops young professionals for future success

As global populations age, Africa remains a bastion of youthful promise, with around 70% of the continent’s population below the age of 30. This youthful demographic can be an asset – but only if it is developed, by empowering young people through training, and by giving them a stake in the growth of their countries’ economies.

Helping to develop young people’s abilities and expanding the pool of skills is also in the interests of industry and big business. Skills drive economies.

In line with this need to invest in people, is an understanding of the value of young professionals. Every industry needs a pipeline of well-trained, energetic and creative new talent, who can fuel the next phase of that sector’s growth, with ideas, innovations and fresh, socially relevant concepts.

In Kenya, for example, the Kenya Youth Employment and Opportunities Project (KYEOP) is geared to improving youth employability, creating jobs, and enhancing labour-market knowledge through training, internships and apprenticeships. In Ghana, the National Youth Authority exists to create an environment to support frontline youth empowerment.

However, unlocking private-sector investment in youth development remains critical, and there is a more specific need for industry-specific interventions. At the same time – with 72 million young Africans unemployed – the task of upskilling and empowering the youth is enormous.

This is especially true in the creative sector. Here, pan-African broadcasting group MultiChoice has taken on the responsibility of developing its own sector, through its MultiChoice Talent Factory (MTF) academies across the continent.

MTF academies offer year-long training programmes to students from 13 countries, combining practical and theory instruction in disciplines such as cinematography, editing, audio production and storytelling. They also offer African students the chance to hone their skills alongside industry greats.

MTF has had a profound impact across Africa, having already produced more than 300 alumni. The programme is revolutionising the industry by training young filmmakers; creating paths to professional careers in the film and TV sector; and empowering African professionals to create relevant content for African audiences.

An MTF survey has found that around 92% of MTF Academy graduates go on to work in the creative sector. As part of their training, many MTF students get to work on existing productions on MultiChoice channels such as Africa Magic, Maisha Africa or Mzansi Magic.

Besides the MTF Academies, which provide intensive, year-long training, the MTF Portal focuses on enhancing the capabilities of working industry professionals, through specialised training, workshops, collaborations and networking opportunities.

This industry integration has twin benefits of providing the creative sector with a healthy pipeline of talented young people, while also giving MTF graduates relevant experience.

Hundreds of MTF alumni have found employment within MultiChoice, and 30 independent production houses have been registered by former MTF students, many becoming suppliers to the Group.

MultiChoice Africa contributes significantly to the broader African economy through procurement and supplier development with emerging and youth-owned businesses. MultiChoice has invested R12 billion in preferential procurement spend; R2.6 billion in direct spend on medium and micro-enterprises; R2 billion spent on suppliers with at least 30% women ownership; and R7.7 billion on black-empowerment accredited suppliers.

Such economic benefits form part of the MultiChoice continuum of youth empowerment – creating opportunities which lead to quality content for MultiChoice audiences and ultimately benefit local economies across the continent.

MultiChoice reaches 23,5 million households, and more than 100 million people, in 50 African countries. Quality African storytelling has been the key to its success. Developing well trained, empowered young people through the MTF will be the key to that success in future.

Malawi to face ‘worst-ever’ hunger crisis, says Senior Prophet Mtupa

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Malawian Prophet, who on December 31 last year prophesied about the current dry spell in the country, has asked Malawians to pray against “starvation”.Senior Prophet Rodrick Mtupa of Holy Palace Cathedral International Ministries said Malawians must pray and fast against “looming” hunger.“God has told me that the country will experience drought this year and there will be poor harvest which will lead to hunger,” Mtupa said.  Prophet Mtupa, whose several of his national prophecies have already been fulfilled, reminded Malawians that prophecies are made not to scare people but to make them prepare, pray and fast against any evils ahead.The man of God then hinted on the need for the public to always take a spiritual action whenever there is a national prophesy from any God servant.In a related government, Government spokesperson Moses Kunkuyu has announced that 3.75 million Malawians have received relief maize and cash assistance since the commencement of the 2023/24 lean season.According to Kunkuyu, 42,000 metric tonnes of maize have been distributed to 3 million Malawians and 173,000 households have received cash amounting to K26 billion.Meanwhile, the Department of Disaster Management and Affairs (DODMA) will from Thursday start to distribute 23,000 metric tonnes of maize flour to people that have been affected by hunger in Malawi. 

NBS Bank, NCHE partner on fees payment  

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NBS Bank Plc has partnered with the National Council of Higher Education (NCHE) to utilize its digital platforms for fees payment to students applying for public universities selection.

The Banks Head of Corporate Banking, Frank Nakoma, said that with this partnership, the ‘Caring Bank’ anticipates more usage of digital banking platforms.

“As we all know, the world is moving towards a digital direction especially where payments are concerned. Customers usually use their cards to make online payments or pay for their goods through a point-of-sale machine in a shop.

“As one way of responding to an ever-evolving climate, NBS Bank has decided to partner with NCHE to ensure that students across the country can easily pay their application fees using the digital platforms we have dubbed ‘EazyBank’,” he said.

Nakoma further said the Bank believes that the process speaks to the Bank’s slogan of the ‘Caring Bank’ by providing convenient ways of transacting.

NCHE Chief Executive Officer (CEO) Dr. Ambumulire Phiri said the partnership will help simplify the application process. 

“In our continuous efforts to enhance accessibility and convenience for prospective students, we are delighted to partner with NBS Bank again this year. This collaboration will boost the application process by enabling applicants to conveniently pay their application fees through the Bank,” said Phiri.

Phiri added that the partnership with NBS is one of NCHE’s ways of fostering innovation and efficiency in their processes.

“Our major aim is to facilitate easy and inclusive access to higher education for all eligible candidates and this is one way of ensuring that,” said Phiri.

This is one of the other partnerships the Bank has made that require digital transactions.

NCHE, which harmonizes the selection of students into all public universities in the country, will this year start receiving these applications from February 19 to  March 19.

Malawi participates in R & A Africa Amateur Golf Championship in SA

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Malawi has sent two talented golfers to South Africa to participate in the R & A Africa Amateur Golf Championship, a prestigious event that aims to showcase some of the best amateur golf talent from across the continent. 

Folindo Rodrick and Kamoza Longwe are talented golfers who have earned the opportunity to represent Malawi on the international stage. 

Golf Union of Malawi (GUoM) Director of Public Relations and Marketing Mercy Jumula Kamanga said in an interview that the tournament is expected to run from Wednesday through to Saturday this week.

“Their (Folindo and Kamoza) participation in this championship will not only provide them with valuable experience and exposure but also help raise the profile of golf in Malawi,” said Kamanga. 

She said the two golfers will be doing practice rounds at the Leopard Creek golf course in Mpumalanga, RSA from today, the 19th February to Tuesday, 21st February, 2024 in readiness for the competition which will take place on the same course. 

“We wish Folindo and Kamoza the best of luck and hope they perform to the best of their ability,” said Kamanga.

The championship will feature 72 men from the Africa region competing in a 72-hole stroke play format with the winner receiving an exemption in the 152nd Open at Royal Troon.

Putting age limit on presidency is discriminatory – ECC

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The Association of Empowerment Initiative for Elderly and Children (ECC) says is against the proposed constitutional amendment rendering persons above 80 years of age ineligible to contest for the presidency.

This follows widespread reports that the embattled leader of opposition in parliament, who is also Mulanje Central legislator, Kondwani Nankhumwa plans to present a Private Member Bill on the presidential age limit.

The Bill seeks to amend Section 80 (6)(b) of the Constitution which provides for age eligibility of presidential candidates.

Reacting to the reports, ECC in a statement said limiting presidential age limit to 80 is a serious and worse discrimination to the elderly in the country who deserves equal rights and safe environments where they’re accepted for who they are.

“This Month, Our Members of Parliament will meet for the 48th session and will discuss so many matters that affecting our citizens including the accomplishments of the Elderly rights movement isn’t enough.

“Lawmakers and other groups nationwide are targeting the community, and from bans to attacks on Elderly people Elderly people are experiencing some of the worst of the discrimination,” reads the statement in part

Recently, in a statement the Malawi Network of Older Persons (MANEPO) also described the proposed amendment as retrogressive, undemocratic, and completely based on erroneous assumptions.

“It infringes upon the democratic rights of all Malawians to participate in the democratic process by excluding those aged 80 and above.

Besides, MANEPO wonders whether such a Bill would also bar individuals above 80 from becoming members of parliament or assuming the role of the Speaker of the National Assembly,” said MANEPO’s Country Director Andrew Kavala in a statement.

On the other hand, the Malawi Law Society (MLS) president Patrick Mpaka told a local media that proposals to change laws such as presidential age limit should come through a proper public Bill not a private member’s Bill.

This will be a second attempt after a similar move failed in 2018 when former Democratic Progressive Party (DPP) legislator for Nsanje South West Joseph Chidanti-Malunga had proposed that the maximum age for those aspiring for the presidency should be capped at 65.

Lilongwe Motor Show Set For June

Malawi’s premier automotive event, the Lilongwe Motor Show returns for its fourth edition in June this year, organisers have confirmed.

The much awaited Motor Show will once again bring together a diverse range of exhibitions from across the country.

A press statement signed by Lilongwe Motor Show Ltd Chief Executive Officer (CEO) Alinane Andrew Njolomole says the event will take place on June 1 at t the BICC Malawi Square.

Building on the success of its previous editions, this year’s show is set to be a grand celebration of automobiles, featuring exhibitions, demonstrations, spins, raffles, and family entertainment.

“As we celebrate the fourth edition of the Lilongwe Motor Show, we invite car enthusiasts, industry professionals, and families to join us for a day of excitement, discovery, and automotive passion,” reads the statement in part.

For Sponsorship, Bookings and media inquiries, or additional information, please contact: Alinane Andrew Njolomole (C.E.O) on +265 999 794 078.

The show is a corporate event aimed at meeting marketing needs for participating brands whilst positioning their brand statements to a unique demographic of corporate, entrepreneurs and contractors.

K10M up for grabs in Phuka pitch night

One young agriculture entrepreneur stands a chance of winning K10 million as a booster capital if they impress a panel of three judges during a Standard Bank-facilitated Phuka Pitch Night underway at BICC in Lilongwe.

The ultimate winner will be drawn from a group of five shortlisted agriculturally-linke­d SMEs who have completed a six-week business incubation program now in its second year.

The Phuka Incubation program is a partnership between Standard Bank Plc and Lilongwe-based Synergy Labs.

The current cohort is in partnership with the Agriculture Transformation Centre (ATC).

Phuka or growth starter is the first business incubation program of its kind in Malawi.

Standard Bank increases scholarship fund to K220 million

Standard Bank Plc has increased its joint merit scholarship fund with Press Trust to K220 Million in line with the bank’s commitment to support education as catalyst for sustainable economic development.

Launching the four-year fund at Loyola Jesuits Secondary School in Kasungu, Chief Executive Phillip Madinga said the decision underlines the bank’s belief that empowering the youth, who make up majority of the country’s total population, holds key to achieving Malawi’s long-term development and prosperity goals.

“At Standard Bank, we strongly believe that empowering the youth by investing in their education and vocational skills, will unleash the next economic growth frontier for Malawi, while supporting the nation’s development goals,” he said.

Madinga said the bank resolved to renew its funding towards the scholarship after being encouraged by positive outcomes of the first phase which produced a 100 percent pass rate for MSCE with 75% of the students scoring points less than 20 points.

 He noted that the most impressive result is that of Gloria Ndipo from Providence Girls Secondary School, who scored Eight points and aspires to study Medicine.

“Bearing in mind the positive outcomes of this scholarship fund, we at Standard Bank have seen it fit to renew our agreement with Press Trust.

 Through a Memorandum of Understanding signed today, we pledge to forge ahead with our joint financing interventions in education,” said Madinga.

Press Trustee Professor Moses Maliro urged the scholarship beneficiaries to make full use of the the opportunity by excelling in their studies.

“We have decided to invest in you, based on capabilities that you showed during the PLCE. We hope that you will maintain your excellent academic performance throughout secondary education.

It is our hope that you will be part of the critical human capital mass that Malawi requires to fulfill its 2063 aspiration in developing the economy inclusively,” he said.

Ministry of Education Principal Secretary (Basic Education) Dr Rachel Chimbwete-Phiri commended Standard Bank and Press Trust for renewing the fund describing it as a powerful medium for promoting access to equitable education for deserving students.

“We express our sincere gratitude to Press Trust and Standard Bank for rescuing our students, many of whom need financial support. The gap and need for financial assistance is really huge,” she said.

The initial fund of K120 Million runs up to 2023, while the new package of K220 million or an increase by 88% will run up to 2027 catering for 46 students from across the country’s secondary school, including those with special needs.

The scholarship fund is inclusive of tuition, stationary, school shoes and uniform, school bags and examination fees.

Apart from the scholarship fund for secondary schools, Standard Bank and Press Trust have also partnered to provide tuition and learning materials for four years for students at the Malawi University of Science and Technology (MUST), Maula Prison School and other schools that were hit by tropical Cyclone Freddy in 2023.

Mulhako denies plot to remove Mutharika as patron

Mulhako Patron APM

Lhomwes have questioned the motive of some publications spreading false information about Mulhako Wa Alhomwe since elevation of Senior Chief Kaduya to the level of Paramount Chief.

All board members of Mulhako wa Alhomwe today were surprised by an ‘unprofessional and mercenary’ reporting of Sapitwa Online that there was meeting at Sanjika Palace aimed at removing His Excellency Professor Peter Mutharika from the position of patron.

This, according to some of the Lhomwes that spoke with this publication, clearly shows that some people would like to be close to the patron of Mulhako Wa Alhomwe through lies.

 “We cannot glorify this lie by issuing an official statement, no. But we can assure you that Mulhako Wa Alhomwe is not a political or religious organisation.

We are a traditional organisation, just like the chairperson (of Mulhako Wa Alhomwe) has been saying,” Said one of the board members who thought quoting his name will give flowers to unfounded allegations.”

Mulhako wa Alhomwe was formed in 2007 to promote Lhomwe culture by among other objectives, instilling a sense of pride in its people.

The formation of the organization revived some of the cultural practices that had been on the death bed.

Farmer wins K6 million in NBS’ ‘Saving Always Win’ promo

A Nkhotakota-based farmer Janet Longwe has emerged as the overall winner in the NBS Bank’s ‘Saving Always Win’ promotion final draw conducted on Friday. 

Longwe of Dwangwa Service Centre went away with K6 million as the winner in the third band category for customers that deposited K500,000 above.

In the second band depositing K100,000 to K500,000, Rabson Esau Zimba Sikabwera of Kasungu Service Centre won K3.5 million while Stuart-Cronone Mvula of Dwangwa Service Centre won K1 million in the first band depositing K50,000 minimum.

NBS Bank plc launched the promotion in June last year in a quest to encourage customers to embrace a saving culture.

Speaking during the promotion’s final draw, NBS Bank Head of Retail Banking Victoria Chanza said the Bank received overwhelming support as 15, 000 customers participated in the promotion.  

“When we initially started the competition, we had a growth in our deposit book. During the 24th week of the promotion we had an increase in deposits of about 18 percent, and we experienced an increase in the deposits of savings accounts of about 33 percent at the end of the promotion,” said Chanza.

Other subsidiary prizes include 15 return air tickets, 30 customers having their utility bills worth K25,000 paid for, and 20 winners getting shopping vouchers worth K50,000.

Other lucky customers also won NBS branded materials in the biweekly draws during the promotion that ran from June to December 31 2023. 

Business Partners offer tips to entrepreneurs on achieving success

Akuzike Kafwamba BPI Country Manager

Business Partners International (BPI) Malawi, a fund manager that provides debt equity financing, has outlined five steps to enable entrepreneurs improve their businesses and achieve desired goals in the new year and beyond.

BPI Malawi country manager Akuzike Kafwamba said in an interview the strategies can help entrepreneurs to navigate the tough economic environment characterized by cost-of-living crisis and set themselves up for success.

He said the five steps include reviewing performance and progress of the past year, planning action and resources, seeking feedback and support from others, investing in personal and professional development and embracing change and innovation.

“An entrepreneur should identify what worked well, what did not and what they learned from success and failure. They should celebrate their achievements and have knowledge of the challenges,” said Kafwamba.

In terms of planning actions, he advised entrepreneurs to break down their goals into smaller tasks and milestones and assign deadlines and responsibilities for each one.

Kafwamba also advised entrepreneurs not to do everything on their own, but reach out to customers, partners, mentors and peers for feedback.

He also added that entrepreneurs should build a network of people who can provide valuable insights, advice, resources and opportunities.

An entrepreneur, said Kafwamba, has to invest in themselves and keep learning new skills, knowledge and perspectives that can help them to grow as a leader and a problem-solver.

“For an entrepreneur to succeed in a dynamic and competitive environment, there is a need to be adaptable and innovative,” he said.

Kafwamba’s advice comes against the backdrop of a report from the African Development Bank showing that Malawi’s business environment remains largely unfavourable to the growth of small and medium enterprises (SMEs).

Chamber for Small and Medium Enterprises executive secretary James Chiutsi embraced the tips, saying if followed, they can help businesses, particularly SMEs to survive the turbulent business environment.

“Any entrepreneur worth his salt can acknowledge the fact that there is always something new to learn about their business or market,” said Chiutsi, adding the new year brings with it challenges and opportunities for businesses.

Business Partners International Malawi supports viable local SMEs with financing, ranging from K100 million to K1 billion to boost their businesses.

NBM appoints Harold Jiya CEO designate

Jiya-NBM CEO designate

National Bank of Malawi (NBM) Plc has appointed Harold Nester Jiya as Chief Executive Officer (CEO) designate effective from the beginning of this year.

His elevation from the deputy CEO position follows the impending retirement of the current CEO MacFussy Kawawa in June this year.

NBM Board Chairperson Jimmy Lipunga has confirmed Jiya’s appointment through a statement where he has described it as a significant step in the Bank’s succession planning process.

“The Board is excited with the prospects of Mr Jiya assuming the role of the CEO substantively upon satisfying and fulfilling the necessary milestones set by the Board. He brings a wealth of knowledge, experience, and a proven track record of leadership to this role, and his appointment is a testament to the rigorous succession planning process the Bank has undertaken to ensure a smooth and seamless transition in leadership,” said Lipunga.

Lipunga further indicated that he has full confidence that Jiya will build upon the strong foundation laid by those before him and continue to uphold the values and principles that have made NBM plc a leader in the banking industry.

Jiya, a veteran banker with over 20 years of management and leadership experience, holds a Master of Business Administration Degree from Exeter University in UK, a Bachelor of Commerce (Accounting) Degree from the Malawi University of Business and Applied Sciences (MUBAS) (formerly University of Malawi, The Polytechnic), and an ACIB/BSc (Honors) qualification from UK.

He is also an alumnus of the prestigious Advanced Management & Leadership program of Oxford University’s Said Business School and recently completed an Advanced Management Program at Insead Business School in France.

Jiya has held several positions at NBM, including Head, Corporate Banking/ Wholesale Banking Division, and General Manager, before being appointed Deputy Chief Executive Officer in September 2020.

Prior to this appointment, he was serving as Deputy Chief Executive, and before that, as General Manager, understudying the incumbent CEO.

“He has extensive financial service experience and is also an Executive Director on the National Bank of Malawi plc Board, a position he has held for the past 7 years. He has served on several boards in the private and public sector and has been in the management team at NBM plc in various roles since 2004,” reads further the statement.

Meanwhile, Lipunga has commended Kawawa for this contribution to the growth of the Bank during his time as the CEO.

“He has nurtured and provided direction to a highly motivated and dynamic
leadership team that has grown the Bank and sustained its position as a market leader. During Mr. Kawawa’s leadership, NBM plc has delivered stellar results including achieving phenomenal growth in revenues, profitability, assets and shareholder value,” concludes Lipunga.

ROAD TO 2025: Nzika Coalition promises to root out corruption

A yet to be registered political party Nzika Coalition has promised Malawians to root out corruption in the country.

Nzika Coalition President Christopher Mike Chiomba made the promise on Wednesday in an interview with the publication.

According to Mike Chiomba, Nzika Coalition which is geared to form the next government is comprised of true patriots, and very serious individuals who will end corruption.

“Let me reiterate that Nzika Coalition led government will be made up of true patriots, and very serious individuals.

Governments that will adopt a real zero corruption policy because it is this evil vice that has deteriorate the once thrived Malawi. Nzika Coalition is coming up with the restoration of our lost glory,” said Chiomba

Meanwhile, according to Mike Chiomba, the process to have the party registered are on advanced stage and soon the party will hit the ground ready for 2025 presidential elections. 

“I have noted with gratitude the hunger Many Malawians have to see Nzika Coalition come on the ground.

“Let me assure you all that our Executive members have that in pipeline to get this done,” assured Mike Chiomba

He further said: We are building and registering a Political Party that will not be equal to any other Political party that came before us.

“This will be a party of no recycled Politicians that have tainted the image of Malawi locally and internationally. This is the Party of new faces, new Names and new ideas.”

Trending under the slogan ‘New Dawn For Better Malawi, Nzika Coalition is founded on three pillars; Integrity, Competence, and Service.

State pleads for adjournment on Paramount Holdings summon case

PHL’s lawyer Gift Katundu

The state through the Director of Public Prosecution (DPP) has asked the court to adjourned the summon proceeding of Paramount Holdings Limited (PHL) Directors in undisclosed criminal charges which was slated for Wednesday, January 17, 2024 at Lilongwe Chief Resident Magistrate court.

In a court notice seen of a case number 868 of 2023, addressing the Chief Resident Magistrate court by DPP Masauko said the state needs to review and understand the contents of the summon before proceeding with criminal charges against PHL’s directors.

The court summon case against the state and Prakashi Virji Ghedia, Arvindkumar Atit Patel, Suresh Khimji Jagatiya and Paramount Holdings Limited is yet to commerce.

This is the third time the state has failed to disclose summoning charges against PHL’s directors while keeping on resorting court adjournments.

The summon was firstly adjourned from August 11 to September 6, 2023, secondly from September 6 to January 17, 2024, and thirdly from January 17 to an undisclosed date.

In an interview with PHL’s lawyer Gift Katundu outside the court on Wednesday, he said that the summon proceedings failed due to two factors, including Chief Resident Magistrate absence and DPP’s plea for adjournment.

Katundu told journalists outside the court that “The defence team will keep on dancing to the state’ tunes within the time flame given.

“Thereafter, my client will take another step if the state fails to bring the case to light.”

Background

Paramount Holdings (PHL) Limited has been facing persecution from greedy and jealous competitors who have now resorted to creating and circulating fake news about the company.

Competitors’ greed and jealousy are the main driving force behind civil case 868 of 2023 in which PHL directors are being accused of making a false document showing that the company is an authorised dealer of Yamaha Motorcycles in Malawi, our investigations have revealed.

PHL is one of the leading and most reliable suppliers of agriculture implements and construction machinery and appointed dealer for Yamaha motorcycles and other Yamaha products in Malawi.

But since Yamaha Japan appointed the company as an authorized dealer of its products in Malawi, their competitors have been creating and circulating fake news aimed at nothing, but to tarnish the image of PHL and its directors.

This is despite the fact that PHL has been contributing significantly to the welfare of Malawians through donations to public health facilities and timely delivery of farm inputs in the Affordable Input Programme (AIP).

PHL was probably the first entity to heed a call from President Lazarus Chakwera to the corporate world to help in the renovation of Area 25 Health Centre in Lilongwe after it got vandalized by the angry Mgona residents early 2023.

It is the only company that donated state-of-the-art equipment to the facility.

A few months later, PHL sourced a modern ambulance, medical equipment and furniture from a Japanese company, Itochu Cooperation, and Takemoto Oil and Fat Co. Limited.

The ambulance and all the other supplies were donated to Therere Health Centre in the area of Senior Chief Ngabu in Chikwawa.

At the height of scarcity of NPK and UREA fertilizers in 2022, the company successfully assisted the government in securing a huge tonnage of the inputs, which were distributed to thousands of farmers where it was contracted to supply.

But despite all this goodwill, its competitors have not relented in persecuting it using propaganda and fake news designed to tarnish its image.

One of the PHL competitors Luthando Holding Limited alleged that the company is making false claims about its dealership for Yamaha Motor Company Ltd of Japan to the extent that they sought court injunction stopping Yamaha Motors Limited from dealing with Paramount Holdings.

This comes despite Yamaha Motors issuing certificate to PHL as a sole distributor, seller and importer of Yamaha products to Malawi.

Without shame, Luthando Holdings Limited this week used Stansfield Motors’ limited name with a bogus address last week to obtain an injunction stopping Yamaha Motor corporation from awarding sole dealership of Yamaha’s to Paramount Holdings.

This has been revealed when different lawyers with default judgements against disbanded Stansfield Motors frocked the High Court to learn on the physical address of Stansfield Motors as presented to the High Court.

It has been learnt that Luthando Holdings filed for the injunction using bogus address for Stansfield Motors limited that ceased to exist in 2019.

Stansfield Motors was declared bankruptcy for failing to pay bank loans of MK5 billion, consequently being closed and disbanded.

Currently, former Stansfield Motors workers are in court claiming their dues.

Luthando Holdings and its partners are bitter with the recent pronouncement of Japanese leading automobile manufacturer Yamaha Motors company by certifying PHL as a sole importer and seller of Yamaha products for Malawi.

Khoti litumiza a Billy Malata ku ndende ya Maula poipitsa mbiri ya a ena pogwiritsa ntchito masamba a mchezo

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Bwalo la milandu laling’ono ku Nathenje, latumiza mkulu woyang’anira nkhani za ndale m’chipani cha DPP, a Fredrick Billy Malata ku ndende ya Maula kwa masiku asanu ndi awiri (7).

A Malata, adamangidwa loweruka pa mlandu woipitsa mbiri ya wochita malonda a Alfred Gangata pogwiritsa ntchito masamba a mchezo.

Iwo adatengeredwa ku bwalo la milandu ku Nathenje dzulo ndipo bwalo lawatumiza ku Maula kwa amasiku 7 ponena kuti chigamulo pa pempho lawo la belo chidzapelekedwa Lachiwiri sabata ya mawa.

Owayimilira a Malata a Gladwell Majekete atsimikiza za izi ndipo ati a Malata akasiyidwa ku Maula m’mawa wa lero atagona usiku wadzulo ku polisi ya Nathenje.

Akulowa ku ndende ya Maula, a Malata adalankhura mwachidule ndi Times 360 Malawi ndipo anati: “Amalawi akufuna kwabwino andithandize. Ombudsman, a Chief Justice komanso Inspector General of police andithandize ndikuvutika. Ndagona ku Area 3 police masiku atatu, dzulo ndagona ku Nathenje lero akukandisiya ku Maula pa nkhani zosamveka. Panopa mu zovala zanga muli msikidzi zokhazokha, ndikuvutika.”

FAKE NEWS: Business tycoon Dr Mpinganjira refutes giving Mike Chilewe K20 million bail out

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Business magnate Dr Thom Mpinganjira has refuted reports making round in social media platforms that he has blessed Mike Chilewe, owner of the now-defunct Mike’s Trading Group, with K20 million.

Mpinganjira’s daughter Chikondi Annabel refuted the claims in an interview with Nation Online.

According to Annabel, the reports are fake.

Chilewe confessed in a recent interview with Mibawa Television that he is now a poor man, who doesn’t even have a car, after his company went bankrupt a few years ago.

“I once used to fly business class during my business trips but now I walk on foot as I don’t even have a car. I always appreciate and thank God when someone gives me even K10 000,” he explained.

“But, just like the Biblical Job, I do not lose heart because I know one day I will be rich again.”

DR KABAMBE PAYS TRIBUTE TO CHILEMBWE: ” It is the cause not the death that makes a difference”

Democratic Progressive Party (DPP) presidential aspirant Dr. Dalitso Kabambe has joined Malawians in celebrating the life of selfless freedom fighter Rev John Chilembwe.

In a qoute posted on his official facebook page Kabambe said Chilembwe’s uprising and death changed the status of the country.

“It is the cause, not the death that makes a difference, ” said Kabambe, a former Reserve Bank of Malawi Governor.

On 15th January every year, Malawians celebrate the life of the Rev Chilembwe.

Chilembwe was an ordained Baptist minister and one of the first serious advocates of African independence and self-determination.

Educated in Lynchburg, Virginia, he set up a number of schools to educate Malawian children and adults, amassing more than 1000 students, and teaching a message of education, hard-work, self-reliance and abstinence from alcohol.

And Dr Kabambe, popularly known as economic engineer is also a former Reserve Bank.

As Governor of the Reserve Bank, Dr. Kabambe was responsible for providing strategic direction and leadership, in line with the principles dictated with the role of a central bank.

During his tenure of office as RBM Governor, the Central Bank managed to provide government with accurate economic advice.

Fuel prices were properly cushioned in avoidance of human suffering (Inflation).

Previously, Dr Kabambe worked in the Malawi Government Economic Service for a period of 19 years from 1998.

He held different positions such as Principal Economist, Chief Economist, Deputy Director of Economic Planning and, Budget Director in the Ministry of Finance, Economic Planning and Development.

Dr Kabambe also served as Secretary for Foreign Affairs and International Cooperation for close to 2 years.

Dr. Kabambe holds a PhD and a Master’s Degree in Development Economics from Imperial College – University of London, United Kingdom which were obtained in 2008 and 2001, respectively.

Workaholic economist Kabambe also holds a BSc Degree from the University of Malawi, obtained in 1998.

ENOUGH IS ENOUGH!DR KABAMBE TO SUE MALATA FOR DEFAMATION

Former Reserve Bank Governor Dr Dalitso Kabambe has threatened to take legal action against one of the DPP officials, Frederick Malata, over a WhatsApp message that alleged that Dr Kabambe was sending them to fight DPP President Prof. Arthur Peter Mutharika in court.

In a demand letter from Kabambe’s lawyers Silungwe Law Consultants, Kabambe is asking Malata to retract the story, make an apology, or provide evidence within 24 hours, failing which he will take legal action.

“Our client therefore firmly demands that you should immediately issue a candid retraction of the defamatory publication and apology through the same medium or, if you are minded, you should produce evidence of the wild allegations you have made in the said post” reads part of the letter.

In the post, Malata was demanding to be paid K20 million, or he would make available evidence of recordings as evidence on Friday by 1pm, of which he didn’t publish any.

Malata and others took Prof. Mutharika to court seeking the courts to interpret if he, Mutharika, is illegible to stand as DPP presidential candidate in 2025.

Dr Kabambe, popularly known as economic engineer is also DPP presidential aspirant.

As Governor of the Reserve Bank, Dr. Kabambe was responsible for providing strategic direction and leadership, in line with the principles dictated with the role of a central bank.

During his tenure of office as RBM Governor, the Central Bank managed to provide government with accurate economic advice.

Fuel prices were properly cushioned in avoidance of human suffering (Inflation).

Previously, Dr Kabambe worked in the Malawi Government Economic Service for a period of 19 years from 1998.

He held different positions such as Principal Economist, Chief Economist, Deputy Director of Economic Planning and, Budget Director in the Ministry of Finance, Economic Planning and Development.

Dr Kabambe also served as Secretary for Foreign Affairs and International Cooperation for close to 2 years.

Dr. Kabambe holds a PhD and a Master’s Degree in Development Economics from Imperial College – University of London, United Kingdom which were obtained in 2008 and 2001, respectively.

Workaholic economist Kabambe also holds a BSc Degree from the University of Malawi, obtained in 1998.

Court’s Final Call to MDF as Chilima Gets Two Counts Dropped

The High Court of Malawi Financial Division has today ordered the Malawi Defense Force MDF to bring to the Court the alleged ‘sensitive documents’ it has been refusing to disclose in the on going corruption case involving Vice President Saulos Chilima.

Judge Redson Kapindu has ordered that the documents be brought personally to him by 10 o’clock in the morning on January 22 2024 for the Court to decide “whether the information indeed borders on national security or not.”

  1. The Ruling

In his two hour ruling on preliminary issues this morning, Justice Kapindu said the deciding entity on disclosures is the court not the information holder.

“Much as the court acknowledges the submission that the documents can not be disclosed due to their sensitivity, it is the court that has the exclusive power to determine. The court will not abdcate its role when such need arise,” said Kapindu.

He then ordered MDF to bring the documents to him to ascertain the sensitivity in question and the degree to which they can be used.

  1. Counts 3 and 5 Dropped