AU monitoring situation in Malawi

The African Union (AU) says it is closely following post-May 20 Tripartite Elections developments in Malawi and has since appealed to leaders to exercise utmost restraint to allow the Malawi Electoral Commission (MEC) finalise its work. In a statement issued in Addis Ababa, Ethiopia and made available to The Nation yesterday, AU Commission chairperson Nkosazana…

Moment of truth

Registered Malawian voters go to the polls today in the country’s first-ever tripartite elections to give mandate to a president, 193 members of Parliament (MPs) and 462 ward councillors to govern the affairs of the State for the next five years. In the race to the country’s Plot Number One at State House, the 7.4…

Next Tuesday, on May 20, Malawians will go to the polls to elect their president, 193 members of Parliament (MPs) and 462 ward councillors to govern affairs of the State for the next five years. In other words, eligible Malawian voters will once again exercise their constitutional right to vote for candidates of their choice.…

It is campaign time for the May 20 Tripartite Election. Politicians are busy criss-crossing the country and their respective constituencies or wards to woo voters to put them into office. This is also the time when economics enters the political arena and, in well established democracies, dictates the course. Ever heard the mantra “good economics makes good…

Pension is one of the most overused terms in our society regardless of whether one is in formal or informal employment. Even some of our illiterate folks know about pension. They knew about pensions from time immemorial. To many, pension refers to a sum of money an employer pays an employee for life after an…

Insurance is one of the most common used, read or heard terms in the media or public conversations. It is either one is insuring their property such as buildings or vehicles or indeed buying long-term insurance products, commonly called life insurance. Insurance is a contract one (the insured) buys to protect themselves or their property…

Many times, consumers of various goods and services have found themselves on the receiving end in terms of the service they get versus the price they pay for the same. In simple terms, capitalists or major corporations, in a bid to maximise profits, employ every trick in the book to spend as little as possible,…

Five months after a “consultation process” I described as road shows or talking shops simply to hoodwink consumers and stakeholders to feel like they were “consulted”, the Malawi Energy Regulatory Authority (Mera) has granted Escom its wish albeit with minor alterations. Mera has allowed the country’s sole power utility, the Electricity Supply Corporation of Malawi…

I recall listening to the State-of-the-Nation Address by former president the late Bingu wa Mutharika in May 2011 when he announced that Malawi would adopt a zero-deficit budget (ZDB). That meant that government would entirely finance its recurrent expenditure using locally generated resources, nothing from donors or cooperating partners. Hitherto, donors were financing at least…

Today, I would like to share some of the feedback I got from readers on two of my recent entries i.e. ‘Why the interest rates ‘madness’?’ and ‘When insurers give a raw deal’. In the article on interest rates, in a nutshell, I observed that despite reducing their base lending rates from above 40 percent…

Much has been said and written about the forensic audit report into the plunder of public resources at Capital Hill produced by British firm Baker Tilly. Suddenly, as it is usually the case in Malawi, everyone, including those with little or no numeracy skills, is now a financial analyst, either tearing into the audit report…

Naturally, borrowers should be smiling from ear to ear following developments in the money market this week that saw National Bank of Malawi (NBM) taking the lead in reducing its base lending rate from 40 percent to 36 percent. This means that the price of money or interest rates has gone down; hence, borrowers will…

Insurance is one of the most commonly used, read or heard terms in the media or public conversations. It is either one is insuring their property such as buildings or vehicles or buying long-term insurance products, commonly called life insurance. Insurance is a contract the insured buys to protect themselves or their property against loss.…

Yet another survey on investment destinations and businessenvironment in general has poorly ranked Malawi. Through its banner headline last Thursday, Business Review said it all: ‘Malawi riskiest investment destination in the region’. Now this is serious. In fact, it is no laughing matter. Perhaps, a good starting point to see where, as a country, we…

With less than four months to go to the May 20 2014 Tripartite Elections when Malawians will elect their president, members of Parliament (MPs) and ward councillors, the political temperature is rapidly rising. No day passes without party X or Y making a statement or addressing a campaign rally disguised as “development rally” or mere…

To many Malawians, making a call or sending a text message has become a luxury as very few of them can afford. No wonder, the ‘please call’ back service introduced by network operators is probably the most frequently dialled code. Many other subscribers, especially those whose handsets are Internet-enabled, have found a cheaper and instant…

News about the commissioning of the much-talked about phase two of the Kapichira Hydro-Electric Power project in Chikhwawa should be exciting and a relief to electricity users in the country who have been subjected to living without power half the time. Call me a doubting Thomas, but personally, though, from previous experiences, I will keep…

In life, it is not often that people give credit where it is due, taking time off to pat one on the back for a job well done. Even in the workplace, very few superiors take time to motivate their subordinates with a simple verbal appreciation such as: “Well done!” or ‘Keep it up!” Yet,…