Member of Parliament for Lilongwe City South East constituency Ulemu Msungama on Thursday handed over an ambulance which will help to serve people from Area 23, Kaliyeka , Chipasula , Chilinde , Area 44 and Gologota.
Speaking during the handover ceremony at the constituency office , Msungama said he decided to procure the ambulance after noting that people in the area are facing alot of mobility challenges.
Msungama made a strong appeal asking the community to take care of the ambulance.
Msungama hands over the Ambulance
Msungama commended President Chakwera for his vision of making Malawi a better place to live.
Apart from the Ambulance, Msungama also handed over a 2 tonner vehicle to be used by the constituency members during the party activities.
Chiefs and party officials have since commended Msunguma for the timely donation saying the vehicles will go a long way in solving mobility challenges.
Member of Parliament for Nkhatabay Central Constituency Honourable Simon Vuwa Kaunda has commended Malawi President for restoration of donor confidence.
Kaunda was speaking following announcements by two major partners-United States Government and United Nations High Commission for Refugees (UNHCR)-to support Malawi in different endeavours.
On 11 October, 2023, the US announced the launch of a new $40 million (approximately 46.4 billion MWK) project that will work with anchor firms to expand centers of economic opportunity (“Growth Poles”).
Vuwa Kaunda
Being implemented through the United States Agency for International Development (USAID) the project targets smallholder farmers, youth, women, and will help approximately 500,000 Malawians increase and diversify their income sources.
In a press statement, USAID says the five-year Growth Poles Project will be implemented by Palladium and will leverage $500 million (approximately 580 billion MWK) in private sector investments.
According to the statement, these new partnerships are designed to improve food security and bolster exports from Malawi.
Few days later, UNHCR also pledged continued support in assisting Malawi Government toward the relocation of refugees.
Disclosing this sweet news, during bilateral talks which the UNHCR High Commissioner Fillipo Grandi held with the Minister of Homeland Security Kenneth Zikhale Ng’oma on the sidelines of the UNHCR meeting that is taking place in Geneva, Switzerland, UNHCR committed to provide about 180,000 US dollars toward the relocation exercise of refugees, in which $50,000 will be used for review of the refugee act.
UNHCR has further committed to provide $50,000 for verification exercise of refugees in the 2024 budget as well as $80,000 for the establishment of the new refugee camp at Kayilizi in Chitipa district.
In an interview, Honourable Simon Vuwa Kaunda said Malawians are facing problems and to see donor partners coming in such large numbers helping Malawi, should be commended.
Kaunda repeated his call for a responsible opposition which is able to give solution.
“Its sad to see opposition which just oppose without giving solutions,” he said.
A United Kingdom-based Nigerian billionaire Dozy Mmobuosi has pledged to construct 1000 houses for cyclone Freddy affected households in the country.
The Dozy Mmobuosi Foundation Chief Executive Officer(CEO), made the disclosure in Lilongwe on Wednesday morning during an interface with members of Parliament.
The billionaire also announced that he will work with all Members of Parliament in the country in provision of Interest Free Loan(IFL) to women groups in all the 193 constituencies.
Dozy Mmobuosi
He said: “I cannot give the figure now, we are going to allow the MPs to come up with the model and we will come in with what suits the needs of the people of Malawi.”
On her part, speaker of Parliament Catherine Gotani Hara thanked the foundation for choosing to work with the Parliament of Malawi for they represent all the people of Malawi.
“We appreciate your intervention especially for assisting cyclone Freddy survivors and investing in women empowerment to reduce their vulnerability,” said Hara.
The Dozy Mmobuosi Foundation partnered with the Tigwiranemaja Initiative run by former presidents Joyce Banda and Bakili Muluzi and is constructing 100 houses for Cyclone Freddy survivors in Phalombe.
The Minority Shareholders Association of Listed Companies (MISALICO) has urged Malawians to start investing in the stock market.
Speaking during a press briefing in Lilongwe on Wednesday, MISALICO general secretary Frank Harawa pointed out that the stock market is a lucrative business but the majority does not know how to benefit from it.
Said Harawa:”It is not that the poor have completely nothing to invest but they lack information about the stock market which does not require a huge amount of money at a goal.”
He said to clear this knowledge gap, the association has organised a learning workshop at Capital Hotel in Lilongwe on October 18, 2023.
On his part, the central region chairperson for the association Purity Chitalo said there is hope that after the workshop, there will be scramble for shares on the market by the public.
He also said during the workshop, people will have an opportunity to open accounts for the stock exchange market and become proud members.
In short, stock market is a component of a free-market economy.
The market allows companies to raise money by offering stock shares and corporate bonds and allows investors to participate in the financial achievements of the companies, make profits through capital gains, and earn income through dividends.
The stock market works as a platform through which savings and investments of individuals are efficiently channeled into productive investment opportunities and add to the capital formation and economic growth of the country.
The U.S. government, through the United States Agency for International Development (USAID), has on Wednesday evening announced the launch of a new $40 million (about K46.4 billion) project that will work with anchor firms to expand centers of economic opportunity (Growth Poles) in the country.
The project, meant for smallholder farmers, youth, and women, is expected to help approximately 500 000 Malawians increase and diversify their income sources.
A statement from the US Embassy in Lilongwe says the five-year Growth Poles Project will be implemented by Palladium and will leverage $500 million (about K580 billion) in private sector investments.
Pamela Fessenden
“These new partnerships are designed to improve food security and bolster exports from Malawi. Through the new project, USAID will team up with key firms in rural areas that serve as engines of economic growth to mobilize responsible business investments and deliver positive benefits for surrounding communities.
“Additionally, by employing climate-smart natural resource management, these partnerships will protect 150,000 hectares of land from deforestation or soil degradation,” reads the statement in part.
