Works on Mzimba bridge stall

The K400 million project to erect a reinforced concrete bridge across Mnjiri River on the M9 Road in Mzimba have stalled, rendering road users helpless. The bridge lies on the road from Mzimba Boma to Embangweni, Edingeni,  Manyamula and Madede in the district. While construction of the 32-metre double span reinforced concrete bridge was launched…

Buyers, growers tussle over tobacco variety

Disagreements have arisen between some contracted tobacco growers and buyers over the use of varieties developed by Agricultural Research and Extension Trust (Aret). The growers seized the opportunity to present their problems encountered on the market with Aret-developed varieties during the 2019 Regional Field Day at Moses Nyambosi Village in Bwengu Extension Planning Area in…

Zionetsero zokhudza achialubino zilipo

Anthu achialubino anenetsa kuti achitabe m’bindikiro kunyumba ya boma ya Kamuzu Palace mwezi wa mawa pofuna kukakamiza boma kuti lichitepo kanthu pa za kuphedwa kwawo. Wapampando wa bungwe la Association for People with Albinism in Malawi (Apam) Overstone Kondowe wati m’bindikirowo ulipo kuyambira pa 6 mpaka 8 March, ngakhale nduna ya zachitetezo Nicholas Dausi yapempha…

Malawi inflation eases on Comesa HCPI

Malawi’s Common Market for Eastern and Southern Africa (Comesa) annual harmonised inflation rate in December 2018 eased to 10.5 percent  down from  10.7 percent in the previous month. Out of the 15 countries, Malawi’s inflation rate finished the year at position 11, according to Comesa’s December Harmonised Consumer Price Index (HCPI) . Malawi’s inflation rate…

Goodall explains H1 performance

Increased collection of value added tax (VAT) helped government mobilise nearly K23 billion more than the mid-year target of K470.8 billion. Minister of Finance, Economic Planning and Development Goodall Gondwe said Malawi Revenue Authority (MRA) raised K493.6 billion due to over-performance of VAT and Pay As You Earn (Paye) tax lines. MRA collected Paye amounting…

Miner to ship 60 tonnes sample to Australia

Canadian-based mineral and exploration company, Mkango Resources Limited, through its subsidiary Lancaster Exploration Limited, has announced a bulk sampling campaign at Songwe Hill Rare Earth project. The miner is expected to ship 60 tonnes sample to Australia laboratories for analysis. In a press statement published on Monday, the company has announced that it is now…

MBS, poisons board ban energy drink

Malawian authorities have banned the importation and selling of Zambia-produced Revin Tangawizi Drink and Revin Natural Power SX High Energy Drink for containing Sildenafil Citrat, an erectile dysfunction drug. Recently, South African Broadcasting Corporation (SABC) reported that the company suspended production after a Ugandan consumer complained of a prolonged erection and profuse sweating. This prompted…

Kusefukira kwa madzi kupha anthu 21

Anthu 21 atsikira kuli chete, pamene ena 100 000 ali kakasi kusowa kopita kutsatira mvula ya mphamvu yomwe yasakaza katundu komanso kusamutsa anthu m’dziko muno. Izitu zachitika kuyambira mwezi wa July chaka chatha mpaka mwezi uno wa January. Malinga ndi nthambi ya boma yoona za ngozi zogwa mwadzidzidzi ya Department of Disaster Management Affairs (Dodma),…

30 mergers and takeovers in 2018—CFTC

The Competitions and Fair Trading Commission (CFTC) has said  it assessed  30 applications for  mergers and acquisitions (M&As) and takeovers in 2018. Out of the 30, the commission authorised three local mergers while it reviewed 27 merger transactions notified through the Common Market for Eastern and Southern Africa (Comesa) Competition Commission (CCC). Responding to a…

CMST financially stressed, needs K35 billion to run

The Central Medical Stores Trust says it is stressed by financial challenges, a situation which is affecting the cost of its medicines and medical supplies. Speaking to journalists in Mzuzu on Wednesday, CSMT chief executive officer Feston Kaupa said the trust has been budgeting around K22 billion for procurement of medicines against the national requirement…

‘Policy rate likely to be maintained’

Economic commentators say they expect the Monetary Policy Committee (MPC) to maintain the policy rate at its next meeting scheduled for January 29 and 30 in Blantyre. The country’s policy rate-the rate at which commercial banks borrow from the central bank-has been at 16 percent since it was last revised downwards by two percentage points…

Chitipa-Ilomba Road earmarked for upgrading

Government says it plans to upgrade the 45-kilometre Chitipa-Ilomba Border Post Road following massive international trade taking place between Malawi and Tanzania. The road, which passes through Chitipa North and is almost impassable during the rainy season, takes cross-border traders to Tunduma, a town in Tanzania. In an interview on Saturday after commissioning a K39…

Local businesses trading more in regional markets

Local businesses are focusing more on their trade in the regional markets, the 2018 Malawi Business Climate Survey (MBCS) Report has shown. According to this year’s Malawi Confederation of Chambers of Commerce and Industry (MCCCI) MBCS report, the Southern African Development Community (Sadc) and Common Market of Eastern and Southern Africa (Comesa) remain great opportunities…

Malawi to benefit  from Comesa project

Malawi is one of the countries that is expected to benefit from Common Market for eastern and Southern Africa (Comesa)’s programme aimed at strengthening the management of standards and phytosanitary (SPS) measures in the region. The programme, called Prioritisation of SPS Investments for Market Access (P-IMA) was launched last week in Uganda and will also…

Govt scales down coal power project

Malawi has scaled down the 300 megawatts (MW) Kam’mwamba Coal-Fired electricity generation project in Neno following the financiers’ decision to reduce the loan amount. Beijing, the financier of the project, has asked Lilongwe to reduce the loan amount for the implementation of the coal fired plant project from about $700 million (about K513 100) to…