MBS says traders defrauding consumers

An investigation by the Malawi Bureau of Standards (MBS) has shown that more traders are defrauding consumers by offering expired or counterfeit goods on the market. This comes against a background of complaints from consumers about some shops stocking expired products. In an interview, MBS director general Davlin Chokazinga said the tendency is a cause…

CFTC warns against bid-rigging

The Competition and Fair Trading Commission (CFTC) has advised government officers involved in procurement against bid-rigging, where businesses collude to secure a contract for goods or services at a predetermined price. Bid-rigging results in loss of public funds through purchasing of highly priced or substandard goods or services. CFTC has since asked the officers to…

DRTSS calls for defensive driving

The Directorate of Road Traffic and Safety Services (DRTSS) has asked Malawians to undergo defensive driving skills to reduce road accidents. Joseph Chisamba, the principal road traffic officer in the Northern Region, made the call yesterday when Technical Entrepreneurial and Vocational Education Training Authority (Teveta) employees honed defensive driving skills. According to Chisamba, most drivers…

Probe dominant companies­­—Cama

The Consumers Association of Malawi (Cama) has asked the Competition and Fair Trading Commission (CFTC) to look into the abuse of consumer rights perpetrated by big companies in the country. This comes against an increase in anti-competitive and unfair business practices in the country as CFTC recorded 207 cases in the 2015/2016 period ,representing an…

Suspicious financial transactions up 65%

The Financial Intelligence Authority (FIA) has recorded 134 suspicious transactions reports from 2015 to June last year, representing a 65 percent increase from the previous year where a total of 81 were recorded. Out of these cases, 37 are on suspicion of tax evasion, corruption, illegal externalisation of funds, money laundering and terrorist financing, among…

Comesa to abolish call roaming charges

Member States of the Common Market for Eastern and Southern Africa (Comesa) have agreed to abolish roaming charges levied on cross-border mobile calls, a move that is expected to reduce calling charges. This development will mean citizens of Comesa travelling within the region paying domestic rates for calls, text messages and data services. Currently, most…

Kam’mwamba  project to start Nov

Government expects  the Kam’mwamba Coal-Fired Power Plant Project to start this November after signing 10 agreements with China last week. According to Minister of Finance,  and Economic Planning and Development Goodall Gondwe government has agreed with their counterparts in China to have major shareholding of 85 percent while China Gezhouba Group will have 15 percent.…

RBM, CFTC warn institutions  on information non-disclosure

The Reserve Bank of Malawi (RBM) and Competition and Fair Trading Commission (CFTC) have warned financial institutions against non-disclosure of information to consumers. RBM and CFTC signed a memorandum of understanding (MoU) in 2016 which looks at consumer protection, and so far, the two institutions have been flooded with consumer complaints on non-disclosure of information,…

Maofesala a kalembera ayera mmanja

Maofesala omwe akugwira ntchito yolembera nzika za dziko lino m’nkalembera wa anthu mwaunyinji ayamba kulandira malipiro awo atsopano. Chiyambireni ntchitoyi mwezi wa May chaka chino, maofesalawa akhala akudandaula ndi kuchepa kwa malipiro awo omwe adali pa K5 600 pa tsiku. M’kulira kwawo, maofesalawa amati ndalamayo siyikugwirizana ndi momwe katundu wakwerera m’dziko muno. Pachifukwachi, ogwira ntchitowa…

MW to roll out solar photovoltaic electrical training

Malawi will soon start training solar photovoltaic technicians to install and maintain solar PV equipment, which will effectively contribute towards strengthening the renewable energy industry in the country. Speaking at a press briefing about the project on Thursday at Sunbird Mzuzu, Technical Entrepreneurial and Vocational Education and Training Authority (Teveta) regional manager for the North,…

Divorce fuelling violence against children

The Child Justice Court in Mzimba has registered 25 cases of child abuse between April and May. First grade magistrate Lillian Munthali said this in Mpherembe on Monday at a sensitisation meeting organised by Oxfam on how to combat sexual and gender-based violence in schools. According to Munthali, defilement and lack of child maintenance are…

Open-school policy to protect girls

Minister of Education, Science and Technology Bright Msaka has said government is finalising the Open Spaces Policy to lower cases of sexual assault in schools. The policymakers envisage creating a transparent learning environment where   girls no longer suffer defilement because they are confined in a room perverted male teachers. Msaka, speaking at a community march…

RBM nods to FMB, OIBM merger

The Reserve Bank of Malawi (RBM) has permitted the merger between First Merchant Bank (FMB) and Opportunity International Bank of Malawi (OIBM) to go ahead. The Malawi Stock Exchange (MSE)-listed FMB announced in June this year its intention to fully take over Opportunity Bank of Malawi (OBM). However, the deal was subject to regulatory approvals…

RBM forecasts 5%  GDP growth in 2018

  The country’s gross domestic product (GDP) growth rate is forecast to rise to five percent in 2018 from this year’s projected 4.5 percent growth buoyed by the expected recovery in the agriculture sector and macroeconomic stability. This is according to the latest economic review from the Reserve Bank of Malawi (RBM). In 2016, the…

Industrial hemp final trials complete—officials

  Researchers at Chitedze Research Station in Lilongwe have completed the final round of industrial hemp trials pending a final decision by experts, Business News has learnt. Industrial hemp is cultivated for industrial purposes and contains low amounts of Tetrahydrocannabinol (THC), a substance that makes people ‘high’, when smoked. The crop can be used to…

Prepare nutritious food, parents told

German Ambassador  Juergen Borsch has asked parents in Mzimba District to prepare nutritious meals for their children and to teach them ways of preparing the same. Borsch made the call on Wednesday when he toured the Nutrition and Access to Primary Education (Nape) programme at Kamwamphimbi Primary School in Mzimba South. “I would like parents…