One of the country’s leading land selling companies, Innobuild Company Limited has offered 15×30 free plots of land to Malawi National Netball Team’The Queens ‘ player Joyce Mvula and coach Samuel Kanyenda following the impressive start at the historic 2023 Netball World Cup matches in Cape Town, South Africa.
Yesternight, the Queens bounced back in spectacular fashion to beat Scotland’s Thistles 55-49 at Capetown International Convention Centre.
Joyce Mvula
After the game, Joyce Mvula was named as Player of the match as she registered 100 percent shooting accuracy.
In an interview, Innobuild Company Limited Chief Executive Officer Billy Jonathan Chiwotha said they have decided to make the reward so as to encourage the Queens continue performing well.
Chiwotha added that, the company has also given K30, 000 to each and every player (both substitute and full time) who played the game.
“Its something impressive and this is part of encouraging them to continue working hard,” said Chiwotha.
The result means the Queens are second in group B following England’s win of 90-29 against the Barbados.
The Queens return to action to face favorites England from 06:00 pm.
For a long time Malawi has been singing a song of poor financing towards sustainable enhancing of small and medium enterprise which eventually graduates into bankable investments.
People with interest to focus on doing business have ended up being disappointed after moving from one bank to another with no tangible results.
It is against this background that Malawi President Dr Lazarus Chakwera has called upon financial institutions such as Banks to come out clear and support the industry.
The President made the call taking advantage of the commemoration of the International Day of Cooperatives at Civo Stadium in the Capital, Lilongwe, today.
Chakwera
The commemoration attracted a gathering of Cooperative Members, Government officials, members of the clergy, and the general public.
“Additionally, I call upon all government agencies, development partners, non-governmental organizations and all relevant stakeholders involved in cooperative development to double their efforts towards sustainable cooperative development.
“Access to finance is an especially vital element that cannot be ignored in any sector. The potential impact of cooperatives can only be optimally realized if the sector has access to finance and other investment opportunities. Access to finance allows cooperatives to move up the value-chains and engaged in value addition,” he said.
The President said his focus is to ensure that there is a conducive policy, legal and regulatory environment for the cooperative sector, and so “I direct the Minister of Trade and Industry to speedily conclude the policy reviews you are working on, because we cannot be running cooperatives on a policy framework that was developed in an era that no longer exists.”
“As you know, Minister, my Administration’s support to cooperatives goes beyond words, and I call on other stakeholders like banks and private sector companies and investors to do the same,” he said.
Chakwera said cooperatives are the bedrock of community empowerment and economic progress in Malawi.
He emphasized the pivotal role played by cooperatives in driving positive change and fostering inclusive growth for the nation.
The event, this year, is celebrated under the theme “Cooperatives for a Prosperous and Inclusive Malawi.”
The commemoration highlighted the remarkable contributions made by cooperatives in various sectors, such as agriculture, finance, and manufacturing, in empowering communities and uplifting livelihoods.
The International Day of Cooperatives is observed globally on the first Saturday of July each year. It was proclaimed by the United Nations General Assembly to raise awareness about cooperatives’ socio-economic impact and their role in achieving sustainable development goals.
This annual celebration aims to recognize and promote the cooperative movement’s significance in advancing economic and social progress, not only in Malawi but also around the world.
Cooperatives, with their democratic and community-driven principles, have been instrumental in transforming societies by fostering self-help, solidarity, and collective decision-making. They provide a platform for individuals to come together, pool resources, and address common challenges, ultimately creating a more equitable and resilient society.
Chakwera commended the dedication and hard work of Cooperative Members in contributing to the nation’s development. He expressed his government’s commitment to supporting and promoting cooperative initiatives that align with the country’s broader development agenda.
The President also urged stakeholders to explore innovative ways to strengthen cooperatives, enhance their efficiency, and expand their reach to even more marginalized communities.
The commemorative event included various cultural performances, inspiring speeches, and presentation of gifts to President Chakwera from Cooperative Members as a token of gratitude.
It provided an opportunity for attendees to network, exchange ideas, and reaffirm their commitment to building a prosperous and inclusive Malawi through cooperative efforts.
Press Corporation plc has on Friday declared a K36.3 billion profit after tax for the year 2022.
The company made the profit declaration during its Annual General Meeting (AGM) in the Malawi’s commercial city of Blantyre.
The company said, the profit is 19% lower compared to K45.1 billion recorded in 2021.
Board chairperson for the corporation, Randson Mwadiwa, attributed the company’s poor performance as a result of poor performance shown by some of its sister companies such as MTL and TNM.
Randson Mwadiwa on Centre
Mwadiwa disclosed that the company has secured land at Kamphata in Lilongwe for solar generated electricity project which will generate about 50 Megawatts once completed.
He said they are now working on compensations for the people who will be affected by the project and partnerships for the project works to start.
Press Corporation plc is a public listed company incorporated in Malawi, under the Companies Act 1984; and is quoted on the Malawi Stock Exchange (MSE) and listed as a global depository receipt on the London Stock Exchange(LSE).
Being the largest holding company in Malawi, Press Corporation plc has interests in different sectors of the Malawi economy including: financial services, telecommunications and energy.
The highly diversified company has stakes in thirteen companies comprising of eight subsidiaries, four joint ventures and one associate.
The suspects in the cement-gate case, businessperson Mahmed Chunara, former president Peter Mutharika’s bodyguard Norman Chisale, former director of State residences Peter Mukhito and Malawi Revenue Authority (MRA) deputy commissioner general Roza Mbiliz have on Friday denied all the charges leveled against them in a case in which they are accused of abusing the TAX Payer Identification Number (TPIN) for former President Arthur Peter Mutharika.
They are suspected to have misused former President Mutharika’s TPIN to import cement worth K5 billion duty-free between November 2018 and June 2020.
The case proceeded to plea-taking after the Court dismissed Chisale’s request to the High Court to stay criminal proceedings against him in the case.
One of the State lawyers Dzikondianthu Malunda said they will parade 16 witnesses, but declined to divulge more details.
The suspects are facing counts of fraud, conspiracy to commit customs offences, smuggling, aiding by abuse of office, making false documents and money laundering among others.
The court adjourned the case to a date that will be fixed both by the state and the defence and will have to communicate to the Court by 25th August 2023.
The Minister of Homeland Security Kenneth Zikhale Ng’oma has called for the concerted effort from various stakeholders in the fight against human trafficking syndicate in the country.
Ng’oma made the call on Friday ahead of the World Day Against Trafficking in Persons which falls on 30th July annually.
Ng’oma said Malawi remains a source, transit and destination country for men, women and children trafficked for the purpose of forced labour and sexual exploitation.
Minister Dr Ken Zikhale Ng’oma
Ng’oma observed that there is need to strengthen resilience against exploitation, underlying socio-economic as well as cultural issues that are conducive to human trafficking.
Additionally, Ng’oma highlighted the need to sensitize the general public on the negative effects of human traffic to the development of the country.
Ng’oma further called for various stakeholders to join the government in its continued effort to identify, rescue and support victims of trafficking.
Ng’oma said: “trafficking in person is a serious crime and a grave violence of human rights as such there is a need to put serious measures to deal with the vice”.
Meanwhile, Homeland Security Minister has disclosed that 18 out over 370 women who were reported to be stuck in Oman have been repatriated, adding that discussions with the Oman government is at an advanced stage to bring the remaining number of women back to the country.
This year’s world Day Against Trafficking in persons is being commemorated under the theme “Reach every victim of trafficking,leave no one behind “.
