Cear decries vandalism

Central East African Railways (Cear) has decried acts of vandalism, saying the company is losing a lot of money through the vice which also threatens new investments. Speaking in an interview on Friday on the sidelines of the Railway Safety Sensitisation Awareness at St Theresa Primary School in Liwonde, Machinga, Cear communications officer Chisomo Mwamadi…

Govt plans to add 1 550mw by 2020

Ministry of Natural Resources, Energy and Mining says Malawi plans to add 1 550 megawatts (MW) of electricity to the national grid by 2020. The new plan is to be implemented through the yet to be launched Electricity Plan early next year as part of the National Energy Plan. Malawi is currently facing prolonged load…

No investor for pipeline

Government is yet to find a contractor for the multi-billion kwacha oil pipeline from Beira in Mozambique to Nsanje—five years after plans to construct it were developed. The oil pipeline—estimated to cost $186 million (about K103 billion)—is aimed at helping the government to secure regular supply of oil products, particularly diesel, petrol and paraffin. Spokesperson…

Unilever Malawi stops production of non-strategic brands

Unilever Malawi says it has discontinued manufacturing and marketing of non-strategic brands as part of the company’s reorganisation plan announced earlier this year. Unilever Malawi country manager Chikondi Ng’ombe said in an e-mailed response to a questionnaire on Tuesday the company is optimising its growth in Malawi in the years ahead. “Unilever is now focusing…

Govt in contract farming strategy for pigeon peas

Government has said it will develop a contract farming strategy for pigeon peas as one way of promoting growing and selling of the crop within and outside Malawi. Director of crops in the Ministry of Agriculture, Irrigation and Water Development Geoffrey Ching’oma said in an interview yesterday in Blantyre the strategy aims at promoting farmer…

Teveta to double monthly revenue

Technical, Entrepreneurial and Vocational Education and Training Authority (Teveta) expects to double its revenue from K3 billion ($5.5 million) to K6 billion ($11 009 174) by November this year following the signing of a memorandum of understanding (MOU) with Malawi Revenue Authority (MRA). The MOU, which is part of the public sector reform programme, will…

Corruption ups business cost, scares investors—ACB

  The Anti-Corruption Bureau (ACB) is worried with recurring cases of corruption in the country, saying it is increasing the cost of doing business and scaring potential investors. ACB director Lucas Kondowe said in an interview last week, corruption has a direct impact on foreign as well as domestic investment. He said: “We are crying…

Govt courts Vale on coal for Neno power plant

  The Malawi Government is negotiating with Brazilian mining firm Vale Logistics for it to be supplying coal for Kam’mwamba Coal-fired Power Plant in Neno, which will be constructed with funding from China. The 300-megawatts (MW) project is estimated to cost $667.2 million (about K372 billion) and will be built by China Gezhouba Group Company…

AfDB delves into lapses of infrastructure projects

  The African Development Bank (AfDB) has decried the poor relationship between civil society organisations (CSOs) and implementing agencies (IAs) of the pan-African bank’s infrastructure development projects. In its latest Safeguards and Sustainability Series of AfDB Involuntary Resettlement Policy, Review of Implementation Report, the bank said generally government agencies tend to ignore CSOs altogether in…

Low turnout, network affect TCC registration

Low turnout of growers and network problems being experienced at the Tobacco Control Commission (TCC) offices nationwide have affected this year’s registration and licensing exercise currently underway. TCC registers all the players in the tobacco industry such as growers associations, commercial graders, tobacco buyers and the tobacco growers and they are licensed according to what…

Economy in bad shape, says Ecama

Economics Association of Malawi (Ecama) has emphasised on the need for immediate action if the economy is to get back on track. In an interview on Friday on the sidelines of an Ecama public debate in Blantyre, the group’s president Henry Kachaje said it is clear the economy is not ticking. He said: “We need…

Budding entrepreneur with passion

  Linda Bayani may have started small, but her passion for entrepreneurship is taking her small-scale business in leaps and bounds to another level with each passing day. Born 21 year ago, Bayani lost her parents at a tender age, and life experiences, she says, taught her one thing: “Capitalise on every opportunity that you…

TNM sees opportunity for growth—Stevenson

  TNM plc new chief executive officer (CEO) Douglas Stevenson has described the economic turmoil that Malawi and most of African countries are currently facing as an opportunity for growth. He made the remarks in Blantyre on Wednesday on the sidelines of a cocktail the Malawi Stock Exchange (MSE)-listed telecommunications service provider organised for the…

Malawi in drive to boost tourism

  At a time the country’s tourism industry is facing a number of challenges to fully grow and contribute substantially to economic growth, the Department of Tourism has developed a domestic tourism growth strategy to encourage tourism by locals. As part of the strategy, which will roll out in January 2016, the department is negotiating…

Cirms implementation in 90 days—Macra

Malawi Communications Regulatory Authority (Macra) says implementation of the Consolidated Information and Communications Technology Regulatory Management System (Cirms) is set to roll out in three months following the lifting of a court order obtained by one of the operators, TNM. On Thursday, the High Court in Zomba vacated TNM’s order that stopped the regulator from…

 Malawi down on global competitiveness index

Malawi has this year slipped three steps to 135 out of 145 economies on the 2015/16 Global Competitiveness Index—the most comprehensive assessment of national competitiveness worldwide. But Ministry of Industry and Trade spokesperson Wiskes Nkombezi, in an interview last week, said while the report is a good tool for advice, it has not taken into…

Commercial Court Concludes 227 Cases

  The High Court Commercial Division has concluded and given judgement to 227 cases which have been pending in the country’s courts since 2010, a development that will likely excite the business community. Before the establishment of the Commercial Division, the High Court used to handle commercial cases but the business community complained that the…

Mitc gets nod to build one-stop centre

  Malawi Investment and Trade Centre (Mitc) has got the nod to construct a purpose-built One-Stop Service Centre for investment. This follows President Peter Mutharika’s approval for the construction of the modern building in Lilongwe, according to Mitc public relations manager Deliby Chimbalu. Earlier this year, Mitc unveiled plans to construct an eight-storey building to…