A Lilongwe-based entrepreneur, who wishes to remain anonymous, has won a staggering K200 million in the PremierBet Aviator game.
Speaking in an interview with journalists on Monday, the 30-year-old, whose online betting identity number is 7082847, said he made multiple stakes to win windfall in the online game.
He said he plans to invest the amount in his grocery store business.
“I am still in shock. “I played the game for fun and did not expect to win such a huge amount,” he said.
On his part,PremierBet Malawi commercial manager Muhammad Shuman expressed his delight at the win.
“We’re always thrilled to produce big winners and see Malawians become overnight millionaires,” he said.
He however,urged the public to engage in responsible betting practices.
Director of Public Prosecutions (DPP) Masauko Chamkakala has announced the withdrawal of “cementgate” charges against two businesspersons, Mahmed Shafee Ahmed Chunara and Ahmed Mohammed Chunara.
The duo was among five individuals accused of misusing former President Peter Mutharika’s presidential privilege to import duty-free goods for personal use.
Chamkakala
In a statement, Chamkakala confirmed that one of the two individuals will become a state witness, although he did not disclose the identity of the individual.
“They have admitted liability to tax infractions and are paying the tax and penalties as prescribed under the relevant tax laws,” he said.
Chamkakala added that he needs to verify the exact amount to be repaid.
The remaining suspects include Mutharika’s former bodyguard, Norman Paulosi Chisale, former director general of State Residences, Peter Mukhito, and former Malawi Revenue Authority (MRA) deputy commissioner general, Roza Mbilizi.
According to documents filed in the High Court in 2022, Mahmed Shafee Ahmed Chunara allegedly imported 1,250,770 bags of cement duty-free between November 2018 and December 2019, claiming it was for Mutharika’s personal use.
Musician Dan Lu has taken to social media to share a warning with his fans about the dangers of food poisoning when eating outside of the home.
This comes after he posted a picture of himself hospitalized on Facebook, revealing that he had fallen victim to a suspected case of food poisoning.
Dan Lu
In his warning, Dan Lu advised his fans to be mindful of what they eat when away from home and to also remember to pray.
He also updated his fans on his recovery, stating that he is on his way to a full recovery and thanked them for their support.
“Emergency advice – food poisoning: Watch what you eat when you’re away from home and remember to pray! Dear fans, I’m on my way to 100% recovery, thank you for your support,” he wrote.
The circumstances that led to his illness are not known yet.
In an effort to increase demand driven seed systems value chain, one of the multiplying seed company ‘Renaissance Agriculture Seed System Consult’ has highlighted the need for the country to have functional seed system value chain.
Speaking after showcasing their products Chief Agronomist and seed expert for the company, Chimwemwe Josia said as a Malawian company they realized that there is a gap in the legume and cereal sector but this is one of the sectors which has got value in terms of nutritional and economic gain on the international market hence need for the country to shift and also focus on these demand driven seed systems value chains.
“Apart from seed systems, another arm is agro input solution, this is a special segment where we are providing various seeds to different farmers from different companies as well as agro chemicals because we know farmers has got different preference on what to plant, so an additional to the selling of our seeds to the public we saw it as an important mandate for us to also stock different seeds from companies and agro chemicals and provide a complete solution to our farmers,” he said.
He further said, they also provide agro economic support to farmers for them to realize a meaningful return on investment and transform the country through mega farms.
“At Renaissance Agriculture, we saw a gap in terms of seeds of various opportunity crops, these are crops that are neglected but important and nutritious. And now you can agree that most of the legumes has been neglected in terms of developing their food systems value chain, so as a company we saw no these crops are pertinent to transform agriculture sector so that we can eliminate malnutrition, poverty and hunger amongst our small holder farmers, so we are here to fill that seed production gap,” Josaya highlighted.
On the other hand, sells and commercial services director at the company, Chilembwe said they want the country to diversify as start exporting legumes as well as cereal crops that have been neglected for some time, so as a Malawian company which produce local seeds, farmers will have an opportunity to buy seeds at a cheaper price that can compete at an international market.
“As government is also talking about mega farms, we need to have a good source where to get seeds, so if our farmers will continue to have the trend of seeds that they are having now, you will see that we are going to have problems in sufficing mega farms projects, so we are here to ensure that all local farmers have got cheaper seeds that on the market but also they have a sustainable supply to make sure that the mega farms are maintaining there contractual obligations on the international market and maintain a continuous flow of forex into the country through agricultural sector,” Chilembwe said.
This is one of the certified corporate agricultural centered organization which focuses on demand driven seed systems value chain to ensure that there is streathening of agricultural productivity and commercialization in-line with the country’s mega farming initiative.
One of the country’s top financial institutions, Standard Bank Plc, has announced an impressive after-tax profit of K42.4 billion for the first half of 2024, marking a significant 57% increase. The bank’s head of personal and private banking, Charity Mughogho, shared this exciting news during an investor briefing in Lilongwe on Monday morning.
Mughogho attributed the remarkable achievement to the innovative solutions the bank has introduced to its customers, which have been a key driver of the high returns.
She also acknowledged that the forex shortage remains a challenge, despite the recent influx of tobacco market revenues.
Nevertheless, Mughogho highlighted that the import cover has improved substantially, now standing at around 2.3 months.
Standard Bank Plc, previously known as the Commercial Bank of Malawi, was registered as a commercial bank on March 15, 1969.
The bank’s start-up share capital was K2.5 million and the founder shareholders were the Malawi Development Corporation (20%), Press Holdings Limited (20%) and Banco Pinto Sotto Mayor (60%).
Its first branch was opened in Limbe on 11 April 1970.
