Climate change action is good for African economies

Investing in effective management of environment assets is critical to reducing poverty and hunger and spur inclusive growth on the continent, director of special initiatives division at the Economic Commission for Africa (ECA) Fatima Denton, has said. Denton said this on the eve of the 2017 Africa Regional Forum on Sustainable Development which kicked off…

Road to Miss Malawi: Know the finalists

Nthanda Lizzie Manduwi Aged 21, Nthanda Lizzie Manduwi holds a degree in Social Sciences (double majoring in economics and demography) from the University of Malawi, Chancellor College. She also holds certificates in Population Project Planning, Monitoring and Evaluation (obtained from the University of Malawi) and Business Management.   On the entrepreneurship front, Nthanda is the…

No-one runs or rushes in Malawi

A 19-year-old Fairlie woman spent six months teaching at a school in Malawi earlier this year and was amazed by the difference in day-to-day life. Estelle Arundell spoke about the extreme differences between life in New Zealand and Malawi at an assembly at her former school, Craighead Diocesan School, New Zealand. “Here, everything’s so accessible…

Winning big with savings and investments

When her husband abandoned her and her four-year-old baby in 2010, Bertha Khumula was left with two choices. Give up on life or do something to provide for her daughter. “I had nowhere to start from because during my marriage life, I depended on my then husband. Life was really tough for us to the…

Breaking News: APM fires Chaponda

President Peter Mutharika has fired Agriculture Minister George Chaponda on the back of investigations into the purchase of maize as well as a search and seizure exercise that the Anti-Corruption Bureau (ACB) carried out yesterday. Among other things, the ACB seized more than K160 million in cash of local and foreign currencies at Chaponda’s house…

Gaba, Ng’ambi’s teams progress in CAF tourneys

Flames duo Frank ‘Gabadinho’ Mhango and Robert Ng’ambi played full games as their teams progressed to the first round of CAF tournaments on Saturday. Gabadinho’s Bidvest Wits managed to turn their CAF Champions League first-round tie around as they earned a 3-1 win over Saint Louisienne of Reunion to progress 4-3 on aggregate. Wits entered…

Warehouse receipt financing in the offing

Legumes farmers and traders have an opportunity to access loans from commercial banks through the warehouse receipt financing facility through AHL Commodities Exchange (AHCX). In finance, warehouse financing is a form of inventory financing in which loans are extended to producers or farmers on the basis of goods or commodities held in trust as collateral…

Standard Bank remains resilient, wins global award

United Kingdom (UK)-based The Banker Magazine, the world’s longest running international banking title, has hailed Standard Bank Malawi for being resilient and growing its capital and assets in a difficult macro-economic environment. This feat has culminated into the Malawi Stock Exchange (MSE)-listed bank being named Bank of the Year 2016 for Malawi. In its citation,…

‘Actions, not words, will change Africa’

Israeli-born member of Parliament David Bisnowaty was one of the latest defectors to the ruling Democratic Progressive Party (DPP). In September, he travelled to New York for the United Nations General Assembly where President Peter Mutharika came under fire for overstaying his welcome without explaining what he was doing. While in the US, Bisnowaty caught…

Believers protest abortion, same sex relations

  The clergy yesterday led their faithful in nationwide peaceful demonstrations to protest against the proposed Termination of Pregnancy Bill and same sex marriages in the country. The marches took place concurrently in Blantyre, Zomba, Mangochi, Lilongwe and Mzuzu. During the marches, the demonstrators presented petitions to government through city and town councils as well…

ATC reaffirms capacity to deliver, supports diversification

Agricultural Trading Company (ATC), a subsidiary of diversified business venture AHL Group, says it is poised to support farmers to realise their potential espoused in the newly-launched agriculture policy target of 100 percent growth in yields. President Peter Mutharika last week launched the national agriculture and irrigation policies in Lilongwe that seek to raise the…

Lions club in diabetes awareness campaign

  The Blantyre lions Club from November 30 embarked on a campaign against diabetes and high blood pleasure with a target to reach 1000 people by 3 December. Speaking Friday in an interview during one of the campaign sessions conducted at Malawi Telecommunications Limited (MTL) the organisation’s chairman of community services, Lion George Chirombe explained…

Abdalla Hamdok appointed ECA’s acting head

The United Nations Secretary-General Ban Ki-moon has designated Abdalla Hamdok of Sudan as acting executive secretary of the United Nations Economic Commission for Africa (ECA). Hamdok took office on November 1 2016, following the departure of Carlos Lopes of Guinea-Bissau on October 31. Lopes served the ECA for four years, and leaves the UN after…