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CDH Investment Bank committed to investing in financial inclusion drive

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By Chisomo Phiri

CDH Investment Bank has donated K1 million to the Bankers Association of Malawi (BAM) to support the hosting of its 2024 Lakeshore conference, scheduled to take place from August 22 to 24 at Sunbird Nkopola in Mangochi.

The conference will be held under the theme “Bridging the Gap: Inclusive Banking and Sustainable Development for All.”


Speaking at the cheque presentation ceremony on Monday, August 19, 2024, at the bank’s offices in Blantyre, Chief Business Development Officer Jamal Kamoto said they decided to support the conference as a way of appreciating BAM’s advocacy role in uniting and guiding commercial banks in Malawi.

He emphasized the significance of the conference and its theme, which provides a forum for stakeholders to discuss and brainstorm action plans to improve the nation’s economic revitalization through inclusive banking.

“The banking sector plays a critical role in sustainable development. We are confident that the deliberations at the conference will help participants brainstorm on how we can support sustainable development initiatives and financial inclusion,” Kamoto said.

BAM Chief Executive Officer (CEO), Lyness Nkungula, expressed gratitude to CDH Investment Bank for the timely support.

She applauded the bank’s constant support over the years, which has enabled BAM to host effective meetings and conferences.

“The conference brings together delegates from banks and other sectors to discuss the theme and other pertinent topics that will propel sustainable economic development forE all through the financial inclusion agenda.

“The sponsorship aligns with CDH Investment Bank’s motto to help businesses grow and will make the conference fruitful,” Nkungula said.

CDH Investment Bank is a leading investment bank in Malawi.

It opened for business on 2nd April 2012 following the successful conversion from Continental Discount House Limited (CDH) which had operated in the financial sector for 14 years since August 1998.

AFORD President Enock Chihana denies alliance in place with DPP- Announces Elective Convention for September 2024

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By Burnett Munthali

Enock Chihana, President of the Alliance for Democracy (AFORD), has announced that the party will hold its Elective Convention on September 6, 2024, in Lilongwe. In an interview  Chihana revealed that all positions within the party, including his own, will be open for election.

Chihana emphasized the democratic nature of AFORD, urging members to actively participate and contest for any position they aspire to. “We are a democratic institution and we believe power comes from the grassroots,” Chihana stated. “Therefore, we are encouraging members to join the party and run for every position they would want to contest for.”

Chihana



Additionally, Chihana addressed recent media speculation about AFORD’s alliances for the 2025 presidential election, dismissing reports that the party has already secured an alliance partner. He affirmed that AFORD remains committed to its principles and has not yet formalized any such agreements.

The upcoming convention represents a significant opportunity for AFORD members to shape the party’s future leadership and strategic direction as it prepares for the next electoral cycle.

Reacting to the statement that DPP president Peter Mutharika made during the opening of their convention that AFord is part of the grand alliance- Chihana refuted that saying his party is yet to make a decision and that will be after the convention

President Chakwera Emphasizes MW2063 Strategy in Meeting with FAO Director-General

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By Burnett Munthali

In a recent post on his official Facebook page, President Lazarus Chakwera outlined the ambitious MW2063 vision, a strategic blueprint aimed at guiding Malawi towards sustainable development by the year 2063. The framework, as described by President Chakwera, is built on three foundational pillars: Agricultural Productivity & Commercialisation, Industrialisation, and Urbanisation.

Central to the MW2063 vision is the Agriculture, Mining & Tourism (ATM) strategy, which President Chakwera discussed in a significant meeting with Dr. QU Dongyu, the Director-General of the Food & Agriculture Organisation (FAO), held yesterday in Rome. This engagement highlights Malawi’s commitment to transforming its agricultural sector through a strategic partnership with the FAO.

President Chakwera and Dr. QU Dongyu

During the meeting, President Chakwera emphasized the need for agricultural commercialisation and mechanisation as pivotal to achieving food security. He underscored the importance of transitioning from smallholder subsistence farming to climate-smart agricultural practices capable of withstanding annual challenges such as floods and droughts. The President’s appeal for FAO’s technical assistance in these areas aligns with the broader goals of the MW2063 strategy, aiming to bolster agricultural resilience and productivity.

Dr. QU Dongyu responded positively to Malawi’s aspirations, reaffirming the FAO’s commitment to supporting the country’s agricultural transformation. The FAO Director-General pledged support for integrating technology and innovation in agriculture, prioritizing the empowerment of women and youth as well as fostering modernisation in farming practices.

President Chakwera’s proactive stance underscores a broader commitment to leveraging international partnerships for national development. The emphasis on modernising agriculture as a catalyst for food security, poverty reduction, and economic growth reflects a strategic vision designed to propel Malawi towards its long-term developmental goals.

As Malawi continues to advance towards its 2063 objectives, the engagement with the FAO marks a crucial step in aligning global expertise with national strategies, aiming to foster a resilient and prosperous agricultural sector.

Tragic Road Accident on Lilongwe-Kasungu M1 Road Claims Life

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By Burnett Munthali

A tragic road accident occurred on August 20, 2024, at approximately 08:30 hours at Lumbadzi Bridge along the Lilongwe-Kasungu M1 road. The collision involved multiple vehicles and resulted in the death of a 65-year-old pedal cyclist, Libson Phiri.

The accident began when a Mahindra tipper, registration number BZ 9827, driven by 52-year-old Gandule Kunkeyani, collided with Phiri, who was traveling in the same direction. Phiri sustained severe head injuries and multiple fractures to both legs and was pronounced dead upon arrival at Kamuzu Central Hospital.



Following the initial collision, the Mahindra tipper, which was reportedly speeding, struck a Howo tipper, registration number KU 10409, driven by Kingsley Chitsotso, 47. The impact caused the Mahindra tipper to veer off course and collide with two oncoming vehicles: a Toyota Quantum minibus, registration number MG 144 AR, driven by Isaac Sumaili, 47, and a Toyota Fortuner, registration number BISM 3, driven by Dr. Biswick Sakunda, 46.

Gandule Kunkeyani, the driver of the Mahindra tipper, is currently in police custody pending further investigation into the incident.

Libson Phiri, the deceased, was a resident of Kanyinji village, Traditional Authority Chitukula in Lilongwe.

The Lumbadzi Police Station’s Public Relations Officer, Sergeant Felix Kwinyani, confirmed the details of the accident and the ongoing investigation.

Chaponda hits back at MISA Malawi  for Condoning Irresponsible Journalism

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By Twink Jones Gadama

The Media Institute of Southern Africa (MISA) Malawi chapter has come under intense criticism for its handling of the recent Democratic Progressive Party (DPP) convention coverage.

The organization’s condemnation of the DPP has been deemed irresponsible and illogical, exposing its tolerance for unprofessional journalism.

During the convention, the Nation Publications Limited (NPL) media team was accused of unethical behavior, which MISA failed to address adequately.

Instead of disciplining its affiliated journalists, MISA chose to condemn the DPP, raising eyebrows about its commitment to upholding professionalism in journalism.

What’s even more alarming is that MISA’s chairman failed to engage with the convention chairman, George Chaponda, to discuss the matter amicably.

Chaponda



Chaponda ensured that all media houses, including BNL, MZATI, ANGALIBA, 101, and CAPITAL FM, enjoyed a cordial relationship and warm welcome.

All reporters were accorded total security and care, and there were no reports of anyone being manhandled while discharging their duties.

In fact, Chaponda went above and beyond to ensure that all media houses were given their total freedom with total care and full security.

This makes MISA’s condemnation of the DPP even more puzzling, as there was no evidence of any wrongdoing on the part of the DPP.

MISA’s actions have sparked outrage, with many calling for the organization to adhere to its high values and standards.

The chairman of MISA Malawi must acknowledge that multiple reputable media houses covered the event, and it was not only NPL that was involved.

By failing to conduct a thorough investigation into the allegations and not holding its members accountable, MISA has compromised its credibility and integrity.

The organization’s stance has sent a wrong message, suggesting that it condones irresponsible journalism.

Furthermore, MISA’s actions will compel one to conclude that they are serving a certain political party and diverted from its terms of reference.

This is a dangerous precedent, as it undermines the very principles of journalism and democracy.

MISA Malawi must take immediate action to rectify this situation, ensuring that its members uphold the highest standards of professionalism and ethical journalism.

Anything less would be a disservice to the journalism profession and the public’s trust.

The organization must rise up and detach itself from politics, remaining neutral in upholding its mandate in a democracy.

The public expects more from MISA, and it’s time for the organization to take responsibility for its actions.

MISA Malawi’s condemnation of the DPP is a clear indication of its tolerance for irresponsible journalism.

The organization’s failure to uphold professionalism and conduct a thorough investigation has compromised its credibility and integrity.

It’s time for MISA to take immediate action and adhere to its high values and standards, ensuring that its members uphold the highest standards of ethical journalism.