Chilima Impressed With Songwe Mining Site in Phalombe

Chilima Impressed With Songwe Mining Site in Phalombe

By Evance Chisiano Phalombe, May 5, Mana: The Vice President Dr. Saulos Chilima Wednesday visited Songwe Mining Site in Phalombe where UK based Lancaster Exploration Limited is expected to mine rare earth, a highly potential forex earner for Malawi for more than fifteen years. The Vice President who expressed higher expectations on the mining venture […]

Consumers Blame Shops For Tricks In Pricing

Consumers Blame Shops For Tricks In Pricing

By Pilirani Samson Mzuzu, May 5, Mana: People in Mzuzu City have expressed concern over non-issuance of change in coin value which is common among shopping malls. One of the consumers, Veronica Chirwa, told Malawi News Agency she never received all her change from shopping malls as they claimed they did not have coins. Chirwa […]

FMB Group reports US$21 million Profit

FMB Group reports US$21 million Profit

FMB capital Holdings Plc (FMBCH), the holding company for First Capital Bank operations in Africa has posted an after tax profit of US$ 21.3 million for the year ending December 2020 coming from a loss of US$18.6 million in the previous year. The Group’s subsidiary banks located in Botswana, Malawi, Mozambique, Zambia, and Zimbabwe had […]

Govt Pushes for Further Reduction In Internet Data Charges

Govt Pushes for Further Reduction In Internet Data Charges

By Lydia Maganga Blantyre, 4 May, 2021, Mana: Malawi government through the Ministry of Information says it will keep engaging internet service providers to consider further reducing the data costs so that Malawians can really enjoy and benefit. Principal Secretary for E-Government, Francis Bisika, made the remarks on Monday night during the Media Institute of […]

NBM plc launches Western Union Money Transfer service

NBM plc launches Western Union Money Transfer service

By Mc Donald Chapalapata, a Contributor National Bank of Malawi (NBM) plc has entered into a partnership with International Money Transfer Institution, Western Union, that specializes in global cross-border and cross-currency money movement to ease money transfer transactions for its customers and non- customers. NBM plc Head of Treasury and Investment Banking, Harry Mukaka, said […]

HARD TIMES: Cooking Oil, Sugar Prices Rise

HARD TIMES: Cooking Oil, Sugar Prices Rise

As Malawians continue to be hit hard with high prices of essential commodities, Prices of Sugar and Cooking Oil have increased in the past 24-hours, the Publication has learnt. According to a survey conducted in some shops across the country, a 5 litre bottle of cooking oil is now selling at MK12995 from MK 10,500 […]

FDH Bank Launches Wamkaka Promotion to Boost Flames Support

FDH Bank Launches Wamkaka Promotion to Boost Flames Support

FDH Bank plc has launched a four month promotion dubbed ‘Wamkaka’ which is a celebration of Malawi National Football team, the Flames qualification of the continental Africa Cup of Nations tournament. The promotion will see a lucky winner smiling all the way to the bank with a K5 million grand prize. Launching the promotion in […]

Auditors on K6.2bn Covid funds flouted procedures

Auditors on K6.2bn Covid funds flouted procedures

Auditors who carried out the Investigative forensic audit on the K6.2 billion Covid funds flouted audit procedures themselves. The auditors did not conduct exit briefings after completion of their auditing at various ministries, departments and agencies. Experienced auditors have explained that as auditors go for auditing at an institution, they are required to first have […]

Lazarus Chakwera Wants Malawi Weaned From Tobacco

Lazarus Chakwera Wants Malawi Weaned From Tobacco

By Yamikani Sabola Lilongwe, April 20, Mana: President Lazarus Chakwera says the country needs to transition from a tobacco based economy and has tasked the Ministry of Agriculture to roll out consultations with relevant stakeholders aimed at identifying a viable crop that can substitute tobacco. Speaking on Tuesday when he officially opened the 2021 Tobacco […]

SECURITY LAPSE: Deadly Robbers Hit Another Bank In BT

SECURITY LAPSE: Deadly Robbers Hit Another Bank In BT

Armed robbers have once again hit another bank in Blantyre just days after a heist at FDH Bank at Lunzu Trading Center, where they went away with K30 Million. In the wee hours of Monday, robbers also broke into First Capital Bank in Limbe through the Bank’s roof. Police in Limbe are yet to disclose […]

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