Afro-pop musician Masiye Kasaru popularly known in music circles as ‘Maskal’ has arrived in the country ahead of Nde’feyo Entertainment’s success celebration show slated for Saturday 3rd February at Illusionz in Lilongwe.
The Udalire hit-marker will perform alongside former Nde’Ifeyo members Onesimus and Piksy.
After the Lilongwe show, the trio will head to Club 24/7 on 10 February and Mibawa Multipurpose Hall on 2 March in Blantyre.
Maskal arriving
Nde’feyo Entertainment was founded by Ken Zizwa Limwame and Khumbo Kabuzi Munthali both from the defunct hip-hop group ‘Biriwiri’.
According to Zizwa, the tour aims at celebrating Nde’feyo’s legacy and creating promotional opportunities for new and up and coming artists.
Apart from the the three artists performing this weekend, the Entertainment company also signed Bucci, McLuther, Mada Ngoleka and Trumel.
One of the country’s top financial institutions First Capital Bank(FCB) has on Thursday unveiled a valentine’s day promotion dubbed” ‘Okondedwa Kuivungila Kokuya’ digital campaign.
According to the bank’s Head of Marketing Twikale Chirwa,the innovative campaign aims at fostering a stronger bond between the bank and the digital users through creative expressions of love.
Twikale Chirwa
He says the promotion invites users to showcase their affection for the bank using various forms of artistic expression, whether through the visual arts, written poetry, or any other creative outlet.
Chirwa says participants for the promotion are encouraged to share their love for the bank in unique and heartfelt ways.
He says the winner for the promotion stands a chance of getting MK2 million cash.
“This campaign underscores commitment to building meaningful connections with its customers old and prospective alike by providing a platform for creative expression, the bank aims to create a more engaging and interactive relationship with its various audiences.
“We believe that love comes in many forms, and we want to celebrate that with our followers and the general public who are digital users,” says Chirwa.
He adds that the promotion is not just a campaign, but also a way for them to express their gratitude and strengthen the bond they share with their digital followers, develop the arts in Malawi and interact with young people and students.
According to Chirwa,the competition also presents a platform for the development of talent for consumption in Malawi.
He says through the initiative, the bank aims at increasing brand love and loyalty while spreading joy during the Valentine’s season.
“We look forward to a month filled with love, creativity, and strengthened connections with its customers both old and new alike through the digital campaign. Participants in the competition are encouraged to share their artistic expressions on Facebook using the hashtag,” he says.
According to him, the bank will feature selected submissions on its official Facebook channel, showcasing the creativity and love shared by its customers and followers.
“Ziphuphu zimabwezeletsa chitukuko m’mbuyo. Kapeweni kuchita mchitidwe waziphuphu m’magwiridwe anu a ntchito,” anatsindika a Gumba.
Malinga ndi a Gumba, achinyamata 353 omwe boma lalemba mu unduna wawo ndimbali imodzi yoonetsetsa kuti achinyamata akupeza ntchito mdziko muno monga m’tsogoleri wadziko lino Dr. Lazarus Chakwera analonjezera asanalowe m’boma.
M’mawu ake,mkulu wa sukulu ya Malawi School of Government yomwe ikupeleka maphunzirowa kwa achinyamatawa a Professor Asiyati Chiweza anati ayesetsa kuti achimatawa aphunzire ndondomeko zonse zoyenera kutsata pomwe akhale akugwira ntchito m’boma.
Bungwe la Malawi Health Equity Network (MHEN) lati kupezeka kwa anthu amagulu osiyanasiyana m’magulu a amayi omwe amagwila ntchito za umoyo mongodzipeleka m’madela (Mother Care Groups), kukulimbikitsa ntchito yawo yofuna kufikila paliponse ndi uthenga wa kufunika kolondoloza katemela kwa ana osapitilila zaka zisanu.
Wayakhula izi ndi m’modzi mwa omwe akuyendetsa ntchitoyi ku MHEN David Samikwa pomwe anakayendela gulu la amayiwa kwa Sathe m’boma la Lilongwe ndipo iye anati chikhazikitsileni maguluwa anthu ambiri afikilidwa ndi uthengawu kaamba koti panali kulumikizana pa magulu onse.
“M’magulu amenewa timalimbikitsa kuti muzikhala anthu abizinezi, amipingo, atsogoleli a m’dela komanso achinyamata mwa ena, ndipo izi zikuthandizila kuti anthuwa adzitha kufikilana ndikumalimbikitsana mosavuta potengela kuti amadziwa momwe angathe kufikilana molingana ndi mbali yawo,” Samikwa anatelo.
Cholinga cha magulu amenewa komanso mikumanoyi ndichofuna kupititsa patsogolo ntchito yozindikilitsa amayi kufunika kolondoloza akatemela onse kwa ana.
MHEN ikuchita mikumano ndi magulu a amayiwa ku Lilongwe kwa sabata ziwiri pofuna kuchita kalondolondo pa momwe ntchitozi zikuyendela kuyambila nthawi yomwe maguluwa anakhazikitsidwa m’chaka cha 2018.
Mwa makomiti ena omwe akugwila nawo ntchitozi m’madela ndi monga Village Development Committes, Parent Teachers Association, Area Development Committees.
Ndondomekoyi ikuchitika pansi pa thandizo lomwe likupelekedwa ndi bungwe la Global Alliance Vaccine Immunization (GAVI) ndi ukadaulo kuchokela ku unduna wa za umoyo.
The theory of devaluation is that it occurs when a country creates a downward adjustment of its currency value to balance trade. Devaluing a currency reduces the cost of a country’s exports and makes imports less attractive. As exports increase and imports decrease, there is typically a better balance of payments as the trade deficit shrinks.
Impact
Devaluation can result in an increase in the prices of products and services over time. The increase in the price of imports causes consumers to purchase their goods from domestic industries. The amount of the price increases, however, is dependent on the competition of supply and aggregate demand. In a more confusing manner, Malawi is experiencing the rising cost of living in both domestic products and imports. A packet of sugar has now risen to MWK2, 750 in Chipiku Stores, one of the cheapest chain stores throughout the country.
Devaluing a currency is usually an economic policy, whereby devaluation makes a currency weaker compared to other currencies, which would boost exports, close the gap on trade deficits, and shrink the cost of interest payments on government debt.
Does Malawi have good reasons for devaluing its currency?
Reserve Bank of Malawi
Malawi’s Official Reserves Are Now Less Than $300 Million
The latest devaluation is aimed at correcting supply-demand imbalances and countering arbitrage opportunities that have arisen in the market, according to a statement signed by Governor Wilson Banda.
As such, exchange rate devaluation (depreciation) tends to raise the price of locally manufactured goods and services, thus invokes imported inflation. Unfortunately, Malawi doesn’t have manufacturing industries and the country continues to depend on importation of goods from outside thereby solving nothing at the end of this economic equation.
The disadvantages of depreciating exchange rate is that it can cause foreign imports to appear more expensive on domestic markets, and decrease purchasing power in foreign markets. This can encourage domestic consumption but that is not always possible if some goods simply are not available domestically. However, in the case of Malawi, everything is becoming very expensive. In fact, I even wonder that local products are the ones that are more expensive than imported goods.
Conclusion
In May 2022, the Malawian kwacha was devalued up to 25 percent against the U.S. dollar, a development the central bank governor said would “allow the exchange rate to adjust to a market-determined clearing position with a view of endorsing a flexible exchange rate that reflects market fundamentals.”
In what government said they would like to help address macroeconomic challenges, the Reserve Bank of Malawi devalued the national currency, the Malawi kwacha, by 44 percent in early November 2023; as of 24 November, the Malawi kwacha was trading at MWK 1 685/USD 1, compared to MWK 1 116 in late October 2023.
By devaluing its currency, a country makes its money cheaper and boosts exports, rendering them more competitive in the global market. Conversely, foreign products become more expensive, so the demand for imports falls. Governments use devaluation to combat a trade imbalance and have exports exceed imports. But which exports are being boosted on the global market for Malawi? Obviously, the answer is zero. Has the demands for imports fallen in the country? The demand for imports continues to rise in Malawi, the country keeps importing more and more while we are failing to manufacture and export.
