Insurance penetration rate in the country remains one of the lowest in the world at 1.4 percent of the population, if figures from the Reserve Bank of Malawi (RBM) are anything to go by. During the 2017 Insurance Institute of Malawi (IIM) Annual Lake Conference in Mangochi, RBM Governor Dalitso Kabambe challenged insurers to think…

    Hardly a day goes by without a story that financial markets are in “bubble” territory. Stock markets around the world, including the FTSE All-Share, are at record highs and bond yields are at record lows. The former means that valuations are at the upper end of historic ranges. The latter has meant that…

  In March, the country launched the Third Malawi Growth and Development Strategy (MGDS III) as a tool to spur ec onomic growth and reduce poverty levels. The launch of MGDS III comes against a background of reveletaions towards the end of 2016 in a series of news stories The Nation carried on poverty, mainly…

  In many cases, the relationship between most commercial banks and their customers has been one of mistrust, at least in my view, especially when it comes to service charges or fees. Until a few years ago, very few commercial banks in Malawi would publish their tariffs for customers to make informed decisions and indeed…

  March 15 is gone, but, as consumers of various goods and services, I feel it is not too late to reflect on this year’s World Consumer Rights Day theme Making Digital Marketplaces Fairer. In celebrating the World Consumer Rights Day 2018, Consumers International appealed for fairer digital market places. I found the focus befitting…

  Insurance penetration rate in the country remains one of the lowest in the world at 1.4 percent of the population, if figures from the Reserve Bank of Malawi (RBM) are anything to go by. During the 2017 Insurance Institute of Malawi (IIM) Annual Lake Conference in Mangochi, RBM Governor Dalitso Kabambe challenged insurers to…

  Effective September 1 the Medical Aid Society of Malawi (Masm), the country’s dominant provider of health insurance, has raised its monthly premium (subscriptions fees) by 25 percent. Following the hike, Masm members on Very Important Persons (VIP)  members contribution has gone up from K16 800 to K21 000, Executive scheme K9 000 to K11…

  Not long ago, Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe, in his capacity as registrar of financial services, challenged players in the insurance industry to think outside the box to grow business and ensure that more people access their services. That was during the 2017 Insurance Institute of Malawi (IIM) Annual Lake Conference…

I am yet to get convinced on the justification for the Ministry of Information and Communications Technology to suspend the registration of subscriber identification module (SIM) cards and generic numbers with the regulator through network operators. If the explanation Minister of Information and Communications Technology Nicholas Dausi gave in the National Assembly last week in…

  Minister of Finance, Economic Planning and Development Goodall Gondwe is one politician I have always admired for his honesty. He is a down to earth gentleman who when he grants a journalist an interview, the journalist wonders whether he means what he is saying. Put simply, Goodall likes to tell it as it is.…

  Desperate measures demand desperate solutions. That is the situation Malawi has found itself in as power generation has gone to some of the lowest levels in the country’s history. From the explanation of Electricity Generation Company (Egenco) chief executive officer William Liabunya, within a space of one week, electricity generation at some point dropped…

  Before the arrival of mobile phone technology in the country in the mid-1990s, Malawi Telecommunications Limited (MTL)-then under Malawi Posts and Telecommunications Corporation (MPTC) or simply ‘Post Office’-meant communication. No one would communicate to someone at a distant place without ‘Post Office’. Pay phone, using the then valuable tambala coins were planted in most…

  Inflation is one of the most economic terms widely used in the media, public discussions and political speeches. Politicians, both on the opposition and the governing sides, use inflation rate to advance their agenda, especially economic management. High inflation rate is fodder for the opposition who use it to stress that the government is…

Recently, two separate news stories relating to the telecommunications sector caught my eye. First was on concerns raised by some legislators regarding poor network signal and interference by foreign operators, especially in border districts. Second was a story in Business News section of The Nation on December 13 2017 under the headline ‘Players ask Macra…

It is four days into the New Year 2018. Today, I rerun, albeit with some modifications, an article I did in early 2017. To many people, the New Year comes with resolutions and goals to improve their situation or plight. To achieve their goals, some invest in further education, others in property development as well…

  This week, two separate stories relating to the telecommunications sector caught my eye. The first was on concerns raised by some legislators regarding poor network signal and interference by foreign operators, especially in border districts. Second was a story in Business News section of The Nation on December 13 2017 under the headline ‘Players…

  How time flies! We are in December, the 12th month in the calendar year. Not so long ago we celebrated the dawn of the New Year 2017 on January 1. With each New Year come plans and resolutions individuals and corporate bodies set to achieve. Many people set targets to achieve in both their…