We all know about the big brands: Coke, Samsung, IPhone, BMW, VW, Mercedes Benz, Nike and so on. They make big money because they are big brands. Even on the local scene too, we have many big commercial brands. Every customer wants to be associated with them. The big brands attract either big crowds…

RBM to take on pension defaulters

  The Reserve Bank of Malawi (RBM) has started engaging employers that delay to remit pension deductions to fund administrators to bring sanity to the pension industry. As of November last year, unpaid pension arrears peaked at K7.4 billion, according to RBM spokesperson Mbane Ngwira, who said some companies take up to six months without…

Half of councils in financial mess

  Findings of a Local Government Accountability and Performance (LGAP) assessment show that half of the country’s 35 local government councils have serious financial issues and audit queries on their expenditures. In an interview on the sidelines of a public finance management meeting in Mzuzu yesterday, LGAP technical director Phaniso Kalua said progress has stalled…

‘High visa fees repel tourists’

Malawi’s tourism sector continues to register a drop due to corruption in the entry ports and high visa charges compared to neighboring countries. Government introduced a $75 visa fee in September 2015 where foreign nationals from countries that demand visas from Malawians to also start paying for the same. The arrangement excludes foreign nationals from…

Legumes output to  rise in 2018—Comsip

Output and earnings from legumes are expected to grow four times this year  following Comsip Cooperative Union Limited’s Legume Enterprise and Structured Production (Lesp) initiative. While Comsip through Lesp project produced 48 metric tonnes (MT) of legumes in the last growing season, raking in K32 million, output and earnings are expected to quadruple in the…

Dry spell might cause floods- MET

The Department of Climate Change and Meteorological Services says the current prolonged dry spells in the country might trigger floods in the last half of the season. Public relations officer for the department Ellina Kululanga has since warned that the country might experience above normal rainfall mid-season which might lead to flooding in some areas.…

Mera warns on fake  Energy products

  Malawi Energy Regulatory Authority (Mera) has bemoaned the tendency by some traders of selling fake renewable energy products at the price of genuine ones. For quite some time now, and due to the prolonged power outages, fake renewable energy products that are not durable have flooded the market. Apart from the products being fake…

Cholera outbreak slows down tourism business

Tourism sector in the country is feeling the pinch of the cholera outbreak in the Common Market for Eastern and Southern Africa (Comesa) region as tourist numbers have dropped dramatically over the past two months. Tourists, especially those who like cross-border tourism packages have been cancelling their bookings, according to director of tourism Isaac Katopola.…

Mango puree exports attracts K1 billion

The Malawi Mangoes (MM), the country’s first large-scale commercial fruit farming and processing enterprise, has attracted K1 billion in its 1700 metric tonnes (MT) exports of mango puree since 2015. The company, which grows and processes mangoes, bananas and pineapples, is based in the Lakeshore district of Salima. It has so far partnered with global…

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…

‘Poor sanitation eats up over half of MoH budget’

The Ministry of Health (MoH)says about 55 percent of its budget is spent on treating cases resulting from poor sanitation and hygiene. Speaking in Rumphi on Friday at an event organised to declare Traditional Authority (T/A) Chisovya’s area open defaecation free (ODF), MoH chief director Bestone Chisamile said if communities practised proper sanitation and hygiene,…

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.…