people in Karonga district failed to celebrate on New Year’s Eve following heavy rains that destroyed their houses and property.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in karonga
More people suffer
in karonga
More people suffer

The heavy rains which hit Chilumba in
the district in the wee hours of Sunday
were accompanied by strong winds
which blew off roofs of houses and fell
trees in its wake.

 

 

 

 

 

 

 

 

 

 
one of the people who witnessed the
incident revealed that most of the
residents’ household property has
been destroyed by the rains.

 

 

 

The source said the destruction of
houses in the area has happened at a
bad time as the area has no grasses
which people can use to thatch their
houses and parents are budgeting for
school fees and associated materials.
“The people here are really stranded
right now, I don’t know where and how
to start,” said the source.
The district disaster officer could not
be reached for comment as we went to
press.
Meanwhile, the community is calling
for help from government and other
well-wishers.

A fatal accident has claimed lives of three people in Phalombe district, police have confirmed.

mphalombe

The accident involved a motor vehicle
registration number NN 4777/NN 8633
Toyota Hino truck driven by Dyson
Chiwaula, 40 years.
He had two passengers on board
identified as Fanuel Patrick 32 years
old, and Nelson Nachuma, 22.
Phalombe police Public Relations
Officer, August Nkhwazi said the truck
driver was driving from the direction of
Miseu four trading Centre heading
Migowi trading Centre along
Chiradzulu-Chiringa-Migowi road and
was carrying about 600 bags of
fertilizers meant to be delivered at
Phalombe Export Trading Company.
“Upon arrival at a place near Salvation
Army headquarters Migowi, due to
speeding he failed to negotiate a right
bend and he swerved to the nearside
where the vehicle overturned,” said
Nkhwazi.
“Due to the impact the driver and the
passengers were trapped inside the
horse and the driver sustained head
injuries, multiple fractures both arms,
chest fractures and open fracture of
pelvis, Fanuel Patrick sustained severe
head injuries, multiple fractures of both
hands and Nelson Nachuma sustained
Ribcage fracture and multiple fractures
on left arm.”
Meanwhile, the identities of the three
deceased have not been officially
registered.
The accident occurred on the night of
Wednesday 28th December, 2016.

NBS Bank shareholders Thursday took to task the executive management of the bank over what they called lack of policy direction.

The shareholders speaking at an
Emergency General Meeting held in
Blantyre said frequent change of top
management is contributing to the
bank’s poor performance for years
now.
Last year, the bank made a loss of
K195 million and is this year projected
to make a 20 percent of last year’s.
Apart from making the losses, the
bank is also facing a daunting task to
meet the Reserve Bank of Malawi’s
capital requirement under Basel II of
capital and total capital ratio to be at 10
and 15 percent respectively. The
deadline for this compliance has been
extended from December this year to
April next year.
One of the shareholders, Jeff Gondwe,
said it is the top management which is
responsible for policy formulation,
hence keeping on hiring and firing
results in inconsistency.
“If both the Chief Executive and the
Deputy go away as it has been the
case at NBS bank, it affects
performance of the bank. There are a
lot of banks in Africa and outside that
have actually been closed because of
lack of proper management. So it is a
matter of great concern to us the
shareholders and we hope there will
be consistency at the top this time
around,” said Gondwe.
He also attributed failure of the bank to
collect K9 billion toxic loans to
executive management change.
“The bank has not been doing very
well at all and we are not very happy.
There have been K 9 billion toxic loans
and to us this shows that the bank is
not efficient. This is why I asked the
questions are these loans
recoverable? Because if we can
recover [the loans] the bank will be
liquid,” he said.
The bank’s Chairman, Vizenge
Kumwenda, while admitting that there
have been changes at the top, assured
the shareholders that things will
change.
“The observation has been noted and
be assured that we will strive at
improving things for the better. In fact,
we are driving at getting back to be
among top three banks in the country.
On the toxic loans, we have set up a
special unit specifically to recover the
loans,” said Kumwenda.
He also disclosed that they have put
stringent measures for those
accessing loans to avoid granting
loans to people or companies that will
default.

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While the Reserve Bank of Malawi (RMB) says reports that counterfeits of the newly introduced K2,000 bank note now in circulation should not be cause for worry, an economic commentator has described the development as the major disadvantage of having big currency notes in circulation.

Social media is awash with messages
cautioning Malawians to be on the
lookout for a fake K2,000 note being
circulated by counterfeiters.
But RBM Publicist, Mbane Ngwira, said
the risk of counterfeits is always there
in currency operations and RBM
cannot rule it out completely but only
manage it.
He, however, said the security features
that are on the new K2,000 note are
the latest in the note issuance industry
and cannot be easily duplicated.
“You will notice that our know your
currency campaign has always been
there and is an ongoing process. This
campaign is always intensified when a
new note is introduced.
“Our call is for all stakeholders to take
time to understand those security
features and be able to separate
counterfeits from real notes,” he said.
Ngwira said if the fake note eludes the
eye of traders banks are the first line
of defence as people deposit the
money.
“We are therefore calling on all
stakeholders to be vigilant against fake
currencies, not just the new K2,000
but all notes that are in circulation
because they are prone to
counterfeits,” he said.
But Professor of Economics at
Chancellor College, Ben Kalua, said
counterfeit money is one of the
dangers of having higher currencies in
circulation.
Kalua said higher denominations
become more profitable to
counterfeiters. He said an increase in
counterfeit money led the United
Kingdom to suppress the circulation of
its £50 a few years ago.
“Counterfeiters are not fools. What is
important is that we have to be on high
alert to avoid being duped,” he said.
Kalua said the introduction of the
K2,000 bank note was not strategic but
a decision that had to be done to
control inflation.
“Malawians were caught unawares but
it had to be done,” he said.
The K2,000 note was released into
circulation last week. Governor of the
Reserve Bank, Charles Chuka, earlier
said plans to introduce the new
currency were necessitated by the
depreciation of the kwacha and rising
inflation2000

Civil Society Agriculture Network (Cisanet) has described as temporal the prevailing stability in maize prices saying supply for the commodity may substantially dwindle within the first two months of next year, eventually forcing prices to go up.

tmp_12188-chimanga-1305096942

Cisanet says vendors may exhaust
their maize stocks in the shortest time
possible due to comparatively low
prices on offer, a development which is
to influence the drop in market supply.
On average, a 50 kilogramme bag of
maize is being sold at between
K10,000 and K11,000 on the market,
compared to a fixed price of K12,500by
government grain trader, Admarc.
The prices remain high compared to
the case during the same period last
year.
Cisanet Executive Director, Tamani
Nkhono-Mvula, said in an interview that
the country may not sustain the
current prices for the staple
commodity, premising his argument on
depleted stocks being held by vendors.
“We don’t think the vendors will be
able to sustain the maize supply come
January and February.
“This means that the maize price will
not go down; if anything it will go up
and the challenge is that people will not
be able to buy and Admarc may then
be the only supplier,” Nkhono-Mvula
said.
He further said Admarc may not slash
its maize prices as it still intends to
recover debts used to purchase the
commodity.
Mvula remained uncertain if the
country will still have sufficient maize
stock to run through the next harvest
season, saying trends may have been
influenced by market speculation.
“But based on the statement from
government that there is enough stock,
we are hoping that is true. But there is
need for caution as we can have the
commodity available but inaccessible
to consumers because of exorbitant
prices,” Mvula said.

Chairperson of the Parliament’s Media and Communications Committee has said the committee will summon public broadcaster, Malawi Broadcasting Cooperation (MBC) over violations of the Communications Act.

According to the Chairperson of the
committee, Sam Kawale, MBC Radio
and MBC Television have not been
complying with the act. He cited biased
coverage as one of the violations.
Kawale said he intends to table the
matter in Parliament next year.
He said MBC remains unprofessional in
its conduct because its management is
controlled by politicians.
He further explained that the public
broadcaster is breaching media ethics
by using chiefs and pastors to
castigate opposition leaders without
giving them a chance to tell their side
of the story.
“Personally, I am not pleased with
what is happening at MBC radio and
television. It is sad because those
heading the institution are media
experts who should have known better
issues of professionalism and following
ethics. Their news stories are not
balanced which is a clear indication
that they work to please government
only instead of serving Malawians,”
Kawale said.
However, newly appointed Minister of
Information and Communications
Technology, Nicholas Dausi, said the
chairperson should have written MBC
or follow proper channels before airing
his concerns through the media.
The minister added that he is ready to
consider Kawale’s concerns and map
the best way forward.
“As a ministry, we are set to discuss
the matter with the committee. If they
have an issue, they should present it to
us so that we can find best ways of
resolving it. Sharing the concerns
through the media is not helpful as
there are proper channels of raising
such concerns,” Dausi said.
Some quarters of society have
criticised MBC for promoting
propaganda. Recently, some chiefs
castigated leader of the opposition,
Lazarus Chakwera, for his criticism of
President Peter Mutharika’s
leadership.sam-kawale_2

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A 23 year old Malawian woman in Salima district has given birth to two stones wrapped in a scary black paper,

According to reports, the lady, Lenia
Phiri had given birth to the stones
which among others things had an
improperly written note on it on
Tuesday.
This took place at Kamboni Health
Centre in the district

 

 

 

 

 

 

The facility’s officer in charge,
Christipher Kadimba is being quoted as
having said Phiri was brought to the
facility by her mother who told them
she had given birth while they were on
their way to the hospital.
This was after she complained of
labour pains.
But it was on her way to the hospital
when this happened and her mother
who helped her could not believe what
they saw coming out of the lady’s
womb.
They then wrapped the stones under a
cloth before they walked all the way
crying to the health facility, sources
say.
She attended her last antenatal
supervision in September and this was
before the health personnel had
discovered that the pregnancy was not
six month old as she had told them.
The health workers said the pregnancy
was younger than the six month she
said.
Unfortunately, she had not been under
any monitoring since then.
Meanwhile, the lady has been referred
to Kasungu dstrict Hospital.
Locals however believe this is hand-on-bedan act
of witchcraft.
In 2009 a 20-year-old Mulanje woman
identified as Agnes Msolo delivered a
300 gram stone at Mulanje District
Hospital. This time her pregnancy was
six months old.

FISP NOT SuCCESS STORY ANYMORE

The Civil Society Agriculture Network
(CISANET) has expressed
dissatisfaction over the delay in the
distribution of farm inputs under the
trademark Farm Input Subsidy
Program (FISP) to farmers in some
districts of the country.
According to CISANET Executive
Director Tamani Nkhono-Mvula, the
delays are not a new thing as in the
other years it has always been the
case saying the whole program lacks
effiency.

 
”If you look at the FISP this year there
is no difference in what was happening
in the previous years as there has not
been much efficiency when it comes to
the delivery of the program,” he said.

 

 

 

According to Nkhono-Mvula, to be
effective enough, the program requires
early preparations in the identification
of beneficiaries which are key steps
towards achieving the goals of the
programs.
He further said that the delivery of the
coupons should have been done earlier
so that the private sector was aware
on how much to deliver on the part of
distribution.
Nkhono-Mvula said the involvement of
the private sector will not help a lot if
government will not do what it is
supposed to do as the success of the
program depends on government’s
efforts.
FISP was launched in 2005 by former
President Bingu wa Mutharika to
provide subsistence farmers with two
coupons which can be redeemed for
two 50-kg bags of fertilizer.
The beneficiaries make a modest
contribution while government foots
most of the bill.photostudio_1482980893051photostudio_1482980893051

Government to boost small scale busines

20161106092046

Government says it has put in place a number of programs toencourage small scale businesses in order to boost the economy of the country

.Minister of industry, trade and tourism Joseph Mwanamvekha said this during the launch of Leather Industry Association of Malawi (LIAMA) in Lilongwe.Mwanamvekha: we want to encourage small businessesAccording to Mwanamvekha, government will make sure that small scale businesses are financially supported with loans and will also ensure that interest rates in the country godown.On the leather industry, Mwanamvekha said they are training LIAMA members through Common Markets for East and Central Africa (COMESA) Leather Products Institute so that they can beginprocessing leather products.“There are a number of programs that we have put in place as we are now training people through COMESA leather products institute and we believe this will have an impact to the economy,” said Mwanamvekha.He expressed hope that the members of the association will be able to use the skills to produce high quality standards finished products.Mwanamvekha also expressed government commitment to develop the leather industry saying at the moment Malawi exports raw leather products hence the country does not earn much foreign exchange from the industry.Speaking at the same event, SMEDI chairperson Dr Betty Chinyamunyamu said the formation of the association was long overdue since the leather industry had been working in isolation.She expressed hope that the formation of the association will help the industry to produce high quality products that will compete favourably on the international market.

Sir Alex masanjala still in the hospital 

20161106082959Sir Alex Masanjala still hospitalized.

Some coaches in the country took sometime to visit their fellow tactician SirAlex Masanjala who is still hospitalized at Queen Elizabeth Central Hospital in Blantyre.Masanjala sustained a fracture in a hit and run accident and he is currently battling with Memory loss.The pictures shows Meke Mwase,Yasin Osman, Patrick Kulemeka ,Edington Ngonamo etc cheering their colleague.