A Lilongwe-based liquor business woman, Judith Banda, 34, has on Saturday become the first woman to win two Plasma TV screens in the Premier Loto Village promotion during the final draw held in Lilongwe.
Banda staked K2000 to beat over 2000 contestants in the ongoing promotion to emerge the winner.
In an interview with local media,she said she will use the first TV screen to entertain her clients at her shop while the other one will be for home use.
On his part, Premier Loto Network Manager for Lilongwe, Veston Kambalame said his company is happy with the high patronage during the promotion.
So far, Premier loto has given out six TV screens and over 300 people have won branded T-Shirts.
Christ Fellowship Church for All Nations (CFCAN) has asked various leaders and managers of different religious and non-religious organisations to attend a 2 Days of God’s Touch crusade for wisdom, knowledge and annointing session.
The much touted 2 Days of God’s Touch crusade will be held from 4th to 5th of August 2023 at Robins Park in Blantyre under the theme: “The Hand of God Solves All Problems”.
Apostle Dr. Mc Hellings Nyirongo of CFCAN on Sunday said during the two day crusade he will administer what he calls ‘Ambassadors Service’ where leaders, clergy and managers will be sharpened.
Apostle Nyirongo
“We have two main programs of anointing and empowerment on leaders and business managers. So, I am calling upon managers and religious leaders to attend the service,” said Apostle Dr. Nyirongo
He then quoted Proverbs 27:17 which says: “As iron sharpens iron, so one person sharpens another”.
The verse means that in order to make yourself better, there is a mutual benefit making others better through mentorship, follower-ship, and leading; hence Apostle Dr. Nyirongo calling upon members of clergy and leaders to attend the Ambassadors Service.
The healing and deliverance crusade, which will be led by the Holy Spirit, is expected to attract hundreds upon hundreds of people from Blantyre and surrounding districts.
According to the highly respected God’s messenger Apostle Dr. Nyirongo, among others, people will witness the power and the hand of God changing lives through words of wisdom, knowledge, revelations, healing miracles and deliverance.
Apostle Dr. Mc Hellings Nyirongo is well known in Malawi and across the globe for his accurate prophecies, miracles healing and deliverance.
He was called and sent by Jesus Christ Himself and he does what others cannot do except they have Holy Ghost too.
For further more call or whatsapp Christ Fellowship Church for All Nations (CFCAN) on +265997314371/¬0992526825 0r email via cfcanchurch122014@gm¬ail.com.
A second-year student at Domasi College of Education (DCE) in Zomba has on Saturday morning been found dead in a drainage within the campus for allegedly taking excessive alcohol on an empty stomach.
Zomba Police Station Deputy spokesperson Aaron Chilala has identified the deceased as Phedel Nyondo, aged 25.
“Last night, the institution hosted an open-air disco on campus and Nyondo (now deceased) was in attendance.
“He was seen consuming alcohol during the disco and he was found dead this morning,” Chilala said.
He further said postmortem examination at Domasi rural hospital revealed that death was caused by a blocked airway as the Nyondo had twisted his neck.
Meanwhile, police are advising the general public to drink responsibly to avoid similar tragedies.
The student hailed from Kapalamula Village, (TA) Mduwa in Mchinji district.
President Lazarus McCarthy Chakwera leaves the country on Tuesday for Dar es Salaam, the United Republic of Tanzania to attend the Human Capital Summit where he is expected to present Malawi’s development aspirations to the global community.
According to communication issued by the Ministry of Foreign Affairs regarding the trip, President Chakwera is expected to depart Kamuzu International Airport around 5pm.
To be held under the theme ‘Investing in people for building a High-productivity, Inclusive, Resilient income’ the summit to will feed into President Chakwera’s desire of having a vibrant human capital to drive the Malawi 2063 agenda.
Malawi has untapped youthful demography which if fully utilised can be used to drive implementation of the development agenda.
President Chakwera
Indeed,as per the press statement, one of the things President Chakwera is likely to tackle at the summit is the issue of youth empowerment which is at the heart of his administration.
It reads:” During deliberations, His Excellency the President will address the summit to promote Malawi’s interests in health, labour, youth empowerment, early childhood development, for the achievement of Malawi 2063 of the African Union, thus potentially unlocking more finances for Malawi in these areaa”
As has been the case when the President has undertaken a foreign trip, it is likely that he will have bilateral meetings with other Heads of State on the sidelines of the summit.There is a possibility that President Chakwera will make a follow-up on some commitments he undertook with the Tanzanian President Samia Suluhu Hassan on a number of issues during President Suluhu’s state visit in Malawi early this month.
Speaking at a joint press briefing which the two leaders held on the last day of President Suluhu’s visit, the two leaders underlined the importance of removing some problems which has for a long time affected business between the two countries.
To show the commitment, the two leaders instructed their Ministers of Trade work together in order to iron out those existing glitches.
Precisely, the prominence of this this day-long summit cannot be overemphasized, and the World Bank’s injection of funds for the holding of the summit underline its importance.
National Bank of Malawi (NBM) Plc has expressed optimism on turn-around investment for its subsidiaries, Akiba Commercial Bank in Tanzania and United General Insurance Company Limited (UGI) in 2023.
NBM holds 47 percent of UGI’s share capital, and also acquired 60.48 percent shareholding in Akiba Bank in 2021.
However, during NBM’s 2023 Annual General Meeting (AGM) in Blantyre on Thursday, board chairperson Jimmy Lipunga announced an increase in profit-after-tax for the year 2022 of K45.9 billion from K34 billion representing a 34% increase, with the two subsidiaries registering losses.
“When you are acquiring new subsidiaries, the rule of thumb is you start with the unsuccessful ones. You don’t go for good performing entities because you will destroy your capital. So, the best is to go to ailing institutions and then use your capability to turn them around.”
“About Akiba (Commercial Bank), the intention is to improve deposit mobilization, and also minimize the cost of doing business there, as a result of these initiatives we have seen a turn-around and we expect profitability to be returned by the end of 2023. The same is true of United General Insurance company, and tough measures have been put in place likewise. We expect a different story in a year,” said Lipunga.
According to NBM’s financial performance report, Akiba Bank made a loss after tax of K4.072 million in the year ending December 31, 2022, while in 2021 it was K1.942 million which has been attributed to significant increases in provisions for loans and tax.
On NBM’s overall performance, Lipunga also highlighted some factors that caused a turbulent financial environment despite the success registered.
“The growth in 2022 was adversely affected by weather-related shocks in some parts of the country such as erratic rains and cyclones. The country experienced cyclones Ana and Gombe, which came along with heavy rains and subsequent flooding particularly in the southern part of Malawi during the first quarter of 2022.”
“The economy also faced a critical shortage of foreign exchange which precipitated a 25 percent devaluation of the Malawi Kwacha mid-year thereby putting a lot of pressure on inflation. The Russia/Ukraine war which started in February 2022 led to global supply chain challenges and high commodity prices,” explained Lipunga.
Shareholder Emmanuel Chinunda hailed the Bank for the share appreciation which he said has been high in most of the counters.
“This is a stellar performance. They have performed extremely well and we as shareholders are happy with the results,” said Chinunda.
