Thursday, September 11, 2025
No menu items!
spot_img
Home Blog Page 1514

Government to allocate 5,000 plots

0

by Twimepoki Mangani

:Ministry of Lands has outlined projects aimed at distributing 5000 plots within a space of five years to serve Malawians for residential, commercial and institutional development purposes.

The sentiments were made by Minister of Lands Deus Gumba on Monday as he gave a ministerial statement on Access to Land for Urban Development in Malawi, during the commencement of the 2nd meeting of the National Assembly in the 50th session of the Parliament in Lilongwe.

Speaking on the sidelines of the session, Gumba highlighted the progress the ministry has made in creation of plots to meet the demand in urbans areas.

“I should say the President Dr Lazarus Chakwera’s administration is determined to have 5000 plots done within a period of five years spread across the country, about 1600 in the South, 1600 in the central and 600 in the north among others.

“The amended land law states that we cannot just grab land from people, we are supposed to pay about MK30 billion in total as compensation, of course as government we cannot have all the money at the same time, this will be more like a revolving fund since the same money people pay for development will also be used hence once we start, we shall move in the right direction,” he said.

Gumba also noted that the ministry is hopeful treasury will allocate funds during the mid-year budget for the same.

Speaking on the same legislature for Zomba-Chisi, Mark Botomani expressed concern that the ministry has had a tendency of prioritising foreigners in allocation of plots in cities and is hopeful change will be implemented.

“My plea to the Minister was to assure the house that they will prioritise Malawians because land is a precious commodity so when foreigners are given prime land we suspect corruption but of course the Minister said according to the new Land Act Malawians are now a priority,” Botomani said.

Chakwera safely arrives in Tanzania

0

By Linda Kwanjana

Malawi State President Dr Lazarus McCarthy Chakwera has arrived safely in Dar es Salaam for Africa Human Capital Heads of State Summit.

Writing on his official Facebook Page, President Chakwera said the meeting was so important especially coming at a time when the country is going through global challenges.

“The First Lady and I have arrived safely in Dar es Salaam for the Africa Human Capital Heads of State Summit convened under the theme ‘Accelerating Africa’s Economic Growth: Boosting Youth Productivity by Improving Learning and Skill’”



Chakwera added “The summit has come at an appropriate time for Malawi in view of the overlapping local and global challenges of the past few years that have constrained growth of human capital and further complicated our recovery efforts,”

He said these challenges comprise Covid-19 pandemic, the war in Eastern Europe, rising inflation, disrupted global supply chains and natural disasters induced by climate change.

“We are here to deepen engagement with other stakeholders and unlock sustainable investments towards the triad of Education, Health and Skills in line with our aspirations in the Malawi Vision 2063 under Enabler #5, Human Capital Development,” he said.

Chakwera says human capital key for SDGs attainment

0

By Linda Kwanjana

Malawi President Dr Lazarus McCarthy Chakwera says human capital remains key for Malawi to attain Sustainable Development Goals (DDGs).

Speaking at Kamuzu International Airport in Lilongwe on his departure for Dar es Salaam, Tanzania, where he is destined to attend tge Africa Heads of State Summit on Human Capital.

Chakwera said with human capital , Malawi can be turned into an inclusively wealthy and industrialized nation.



Said the President: “When you are talking about Malawi 2063, so we become an inclusively wealthy industrialised, self reliant nation, and when you are talking about SDGs 2030, these things can’t really happen without human capital development. You will notice that our vision is youth centric, and so the young people will need to be educated, stay healthy and have innovative minds that are capable of creating that future.”

Chakwera said healthy and well nurtured youths are the engine for social and economic development growth.

The World Bank supported meeting will be held on Wednesday, 26th July, 2023.

A statement from the ministry says during the deliberations, President Chakwera will address the summit to promote Malawi’s interests in health, labour, youth empowerment, education and early childhood development for the achievement of Malawi 2063 of the African Union.

“Their excellencies the president and the first lady are expected to return home on Thursday 27th July 2023 at 7 : 30 hrs,” reads part of the statement.

The theme for the summit is ‘investing in people for building a high productivity, inclusiveness, resilient economy.’

Chakwera says youths are a catalyst for social and economic development

0

By Cedric Nkungula

President Dr. Lazarus McCarthy Chakwera says healthy and well nurtured youths are the engine for social and economic development growth.

Chakwera made the remarks on Tuesday 25th July 2023 at Kamuzu International Airport before leaving for Dar es Salaam, Tanzania where he is set to attend Africa Heads of State Summit on Human Capital.

Speaking to the media before departure, the Malawi leader said Malawi can not achieve the vision Malawi 2063 Agenda as well as SDG’s 2030 if youths are left behind.

“Our vision is youth centred and so the young people will need to be educated to stay healthy and to have innovative minds that are capable of creating that future,” he said.

The World Bank supported meeting will be held on Wednesday, 26th July, 2023.

A statement from the ministry says during the deliberations, President Chakwera will address the summit to promote Malawi’s interests in health, labour, youth empowerment, education and early childhood development for the achievement of Agenda 2063 of the African Union.

“Their excellencies the president and the first lady are expected to return home on Thursday 27th July 2023 at 7 : 30 hrs,” reads part of the statement.

The theme for the summit meeting is ‘investing in people for building a high productivity, inclusiveness, resilient economy.’

NBS Bank reaps from digital technology investment

0

By Linda Kwanjana

NBS Bank Plc has attributed its impressive growth of Profit-After-Tax for the year 2022 to investment in digital technology.

The Bank’s board chairman, Vizenge Kumwenda said this during the 19th Annual General Meeting (AGM) in Blantyre where he announced the growth of the Profit-After-Tax from K7.7 billion to K18.9 billion representing an increase of 146%.



“The Bank invested in technology to support digital transactions; focused on development programs for its staff and customer service over the past five years. The investments allowed the Bank to offer convenience and significantly improved customer service to its customers which in turn contributed to growing transaction volumes and related income.”

“Further, customers entrusted the Bank with more deposits in 2022 as manifested in the growth of customer deposits by 67% year-on-year.”

“It is pleasing to report that the results of a customer survey for the year 2022 demonstrated that the Bank’s customers were satisfied and loyal to the brand. This is a reflection of the effort the Bank has been making in addressing customer pain points and positioning the Bank in the digital era. Moreover, a staff satisfaction survey of 2022 indicates that the Bank’s staff are engaged and consider NBS Bank Plc a great place to work,” said Kumwenda.

During the AGM, the Bank also announced that its share price rose from K20 per share as at December 31, 2021 to K34 per share as at December 31, 2022 representing a 70% capital gain.

“The share price has since risen to K90 per share as of 1st May 2023 on the back of the 2022 results. Dividends payable to shareholders out of 2022 profits, including proposed dividends approved at the Annual General Meeting (AGM), amounted to K3.3 per share, up from K1.35 per share representing a year-on-year increase of 144%,” said Kumwenda.

Minority Shareholders Association general secretary, Frank Harawa commended NBS Plc for the growth.

“This is a great milestone and we can say that patience really pays. As shareholders, we recall the time the company was not doing well, and the chairperson assured us that the board was working on turn-around strategies. So glad for us to witness that achievement today,” he said.