Malawi

On the continent of Africa

Banks see no deposits, loans in interest capping - The Nation Online

Banks see no deposits, loans in interest capping - The Nation Online

Malawi

Bankers Association of Malawi (BAM) has said there will be far-reaching consequences to the economy once interest rates are capped through the Financial Services Bill (Amendment) The Bill proposes to cap the interest rate applicable on the credit facility to a certain percentage above the prevailing policy rate for lenders and below the same policy…
NationOnline, 3 days ago

Predicted: Politics

0

New power deal revives hope - The Nation Online

New power deal revives hope - The Nation Online

Malawi

Electricity Supply Corporation of Malawi (Escom) on Thursday signed a Power Purchase Agreement (PPA) with a United Arab Emirates-based solar energy developer for an additional 21 megawatts (MW) to the national grid. The company, Phanes Energy Renewables Nkhotakota Limited, which will start producing solar powered energy in the next five months, will run for 20…
NationOnline, 4 days ago

Predicted: Politics

0

Blantyre stadium site uncertainty cleared - The Nation Online

Blantyre stadium site uncertainty cleared - The Nation Online

Malawi

The cloud of uncertainty that surrounded the site for the construction of a proposed new stadium in Blantyre has been cleared following the approval of Njamba Freedom Park. In December last year, Minister of Labour, Youth, Sports and Manpower Development Grace Chiumia said that one of the reasons delaying the project was a concern raised…
NationOnline, 5 days ago

Predicted: Politics

0

FAM releases 2019 calendar - The Nation Online

FAM releases 2019 calendar - The Nation Online

Malawi

Football Association of Malawi (FAM) has released its official calendar of events for 2019 which runs up to December 29. The association’s competitions and communication director Gomezgani Zakazaka yesterday said the calendar has been released after consultations with all stakeholders; hence, they do not expect a clash of fixtures as was the case in the…
NationOnline, 6 days ago

Predicted: Politics

0

FAM faulted for sponsoring APM’s nomination - The Nation Online

FAM faulted for sponsoring APM’s nomination - The Nation Online

Malawi

Football Association of Malawi (FAM) has been faulted for sponsoring President Peter Mutharika’s nomination papers’ presentation on Friday to advertise the Rough Diamonds tournament held last weekend at Bingu National Stadium in Lilongwe. FAM sponsored on taxparer-funded MBC television and Radio One the live broadcast of  Mutharika’s presentation of nomination papers to Malawi Electoral Commission…
NationOnline, 7 days ago

Predicted: Politics

0

Silver in tight spot - The Nation Online

Silver in tight spot - The Nation Online

Malawi

Lack of an executive committee at Silver Strikers FC has halted the club’s operations, including preparations for the forthcoming 2019 season. The three-year tenure of office of the team’s executive committee expired on January 31 and the club’s board of trustees is yet to appoint a new one. Club outgoing general secretary Lawrence Yobe yesterday…
NationOnline, 8 days ago

Predicted: Politics

0

The fight against HIV/Aids - The Nation Online

The fight against HIV/Aids - The Nation Online

Malawi

A most interesting success story in the realm of health comes from Uganda, which in 1982 was the first African country to identify Aids. By the mid-1980s, Uganda had one of the highest HIV prevalence rates in the world, which continued to rise in the next decade and a half. In the 1990s, however, remarkable…
NationOnline, 12 days ago

Predicted: People and Culture

0

PP pulls out of coalition after 3 days - The Nation Online

PP pulls out of coalition after 3 days - The Nation Online

Malawi

Events unfolded swiftly on the political scene yesterday. First,  erstwhile governing People’s Party (PP) pulled out of an electoral alliance with UTM Party led by Vice-President Saulos Chilima barely three days after its formation. Events unfolded swiftly on the political scene yesterday. First, erstwhile governing People’s Party (PP) pulled out of an electoral alliance with…
NationOnline, 14 days ago

Predicted: Politics

0

Bank loans get cheaper - The Nation Online

Bank loans get cheaper - The Nation Online

Malawi

Central bank cuts bank rate to 14.5% In a bold move some market analysts said was expected, the Reserve Bank of Malawi (RBM) yesterday slashed the policy rate—a key driver of interest rates on loans—by 9.3 percent. RBM also cut by 33 percent the Liquidity Reserve Ratio (LRR)—a fraction of bank deposits that commercial banks…
NationOnline, 19 days ago

Predicted: Politics

0

New dawn for exporters - The Nation Online

New dawn for exporters - The Nation Online

Malawi

The Malawi Revenue Authority (MRA) will from next month introduce some changes in the processing and management of export clearances to facilitate export trade.  MRA Commissioner General Tom Malata said in a published statement that the changes are aimed at improving efficiency in the processing and management of export clearances. He, however, cautioned exporters and…
NationOnline, 21 days ago

Predicted: Politics

0