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Chilima pats Chakwera on the back for bagging US$88.3 million Rapid Credit Facility from IMF

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By Cedric Nkungula

Vice President Saulos Klaus Chilima has applauded President Dr. Lazarus McCarthy Chakwera for working tooth and nail to secure the US$88.3 million International Monetory Fund (IMF) Rapid Credit Facility (RCF).

IMF Board meeting on Monday 21st November, 2022 approved US$88.3 million under the Rapid Credit Facility (RCF).

Minister of Finance, Sosten Gwengwe confirmed the development saying the money will be disbursed to Malawi with immediate effect.

Gwengwe explained that the funds will help the country in replenishing the country’s forex reserve.



Writing on his Facebook page, Chilima said the development calls for celebration and appreciation of efforts led by Dr. Chakwera and Minister of Finance Sosten Gwengwe.


“The news that the IMF Board has approved US$88.3m to Malawi under the new a Food Shock Window is indeed good news and calls for celebration and appreciation of efforts led by His Excellency Dr Lazarus Chakwera, President of the Republic of Malawi and Minister of Finance Hon. Sosten Gwengwe. Mindset Change is about celebrating milestones achieved as we take aim at greater things to come as espoused in the National Development Blueprint – MW2063,” said the vice president.

“So today, we have reason to celebrate because this is good news. Change happens by changing – they say!.”

Last month, Malawi became the first low income country to reach a staff level agreement to receive the amount under the IMF’s new Food Shock Window.

The disbursement of the money is expected to address Malawi’s urgent balance of payment needs.

This is good news to the Chakwera led administration which is working around the clock to bring back to life the country’s economy which was left in tatters by the erstwhile Democratic Progressive Party (DPP) administration.

Bullets crowned 2022-23 Super League champions

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By Staff Reporter


Nyasa Big Bullets have been officially crowned 2022-23 TNM Super League champions for the fourth consecutive season after their 2-1 win against Dedza Dynamos at Kamuzu Stadium in Blantyre.

Babatunde Adepoju opened the scoring for the People’s team in the 31st minute but Dynamos equalised 10 minutes later through a beautifully taken corner-kick by Ibrahim Sadick.

Dedza came a better side in the second half creating a number of scoring opportunities forcing Bullets to bring on the field vice captain Precious Sambani, Chimwemwe Idana and Hassan Kajoke who scored the winner for the Ndirande outfit.

Kajoke restored Bullets’ lead 30 minutes in the second half after Adepoju missed the chance to increase his goal scoring tally in the 65th minute as his spot kick was denied by the woodwork.



After the game, Nyasa Big Bullets’ defender Frank Willard was voted man of the match.

The win means that Bullets have now finished the season with 73 points from 30 games ten points above second placed Blue Eagles FC who have finished the season with 63 points.

This means that the People’s team have broken their own record set in 2018 when they finished the season with 71 points.

Babatunde Adepoju has finished the season as the top goal scorer with 18 goals followed by Muhammad Sulumba and Chawanangwa Kaonga who scored 15 goals and 13 goals respectively.

Nyasa Big Bullets coach Kalisto Pasuwa has since dedicated the team’s 16th super league title to the fans.

“Truly my heart, I would like to thank the fans so much for the support that they gave us, I think this season belongs to them in terms of the support they were putting on us.” – Said Pasuwa

In other final super league games, Blue Eagles and Mafco FC played out to a 1-all draw at Nankhaka Stadium in Lilongwe.

In Balaka, Mighty Mukuru Wanderers relied on a Felix Zulu’s lone goal to beat Red Lions 1-0 at Balaka Stadium.

Chakwera launches much awaited 2022-2023 AIP program

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By Chisomo Phiri

After an anxious wait, President Lazarus Chakwera on Saturday November 19,2022 finally launched the 2022-2023 Affordable Input Program (AIP) at an event that took place at Maonde Primary School Ground under Senior Chief Kachere in Dedza.

This is the third edition of the program since the Tonse administration assumed office in 2020.

In his speech, President Lazarus Chakwera said, this year’s AIP program seeks ti subsidize the cost of fertiliser, seed and livestock for 2.5 million of the country’s 3.7 million farming households to improve agricultural productivity and real income.

Chakwera disclosed that his administration is also implementing other complementary programs to assist the 1.2 million farming households that were not enrolled in the AIP initiative.



He said the programs include Social Cash Transfer popularly known as Mtukula Pakhomo, Public Works Program and other farm input programs supported by development partners.

” We are doing all it takes to make sure that every household is food secure and has disposable income for other equally important expenses,” said Malawi leader.

Chakwera then called on all officials involved in the implementation of this year’s AIP to strictly adhere to expected standards of service delivery.

On his part, Chairperson for a Ministerial Taskforce on AIP, Richard Chimwendo Banda, assured Malawians that this year, the government is subsidizing not less than K45,000 per 50 kilogram bag of fertilizer.

Chimwendo described such an amount as substantial and generous considering that on the commercial market, a 50 kilogram bag of fertilizer is selling at a record high price range of between K62,000 and K70,000.

He recalled that last year, the government was subsidizing a 50 kilogram bag of fertilizer with only K18,200.

He then attributed the sharp price increase of fertilizer as a result of recent global dynamics, especially Russia’s invasion of Ukraine, saying both Russia and Ukraine are among the world’s largest producers of fertilizer.

This year, the AIP program gives the targeted 2.5 million farmers a sigh of relief as they are designed to purchase a 50 kilogram (kg) bag of fertilizer at K15,000 as well as a 5 kg bag packet of seed at K5,000.

The program also has a component of livestock that will see 21 thousand goats being distributed to farmers across the county.

Currently, it is estimated that, 99 percent of the targeted beneficiaries have already been registered and will access the commodity through the ADMARC as well as Smallholder Farmers Fertilizer Revolving Fund of Malawi (SFFRFM).

Chiponda calls for concerted efforts towards fight against cholera outbreak

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By staff reporter

Minister of Health Khumbize Chiponda has called for concerted efforts in the fight against Cholera as the situation worsens with the country registering 262 total Cholera deaths.

Chiponda has also appealed to people to stay at home during the festive season, saying going to the Lake would only worsen the situation as Lakeshore districts have been heavily affected.



“Now rains have started so the situation can get easily out of hand if we are not careful, so those who like going to the lake to have fun during this Christmas and New Year period, this time please stay at home so that we control the situation,” said Chiponda.

She has also appealed to the ministry of local government to consider postponing cultural events to avoid the spread of Cholera.

So far, Malawi has registered over 8,000 cases of cholera and 262 people have died.

NBS bank up with ‘ Tha! Tha! Tha!’ campaign

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By Chisomo Phiri

One of the country’s financial institutions NBS Bank has launched a new campaign dubbed Tha! Tha! Tha!.

The campaign is aimed at giving the Bank’s existing and potential customers a better digital banking experience.

Speaking at the launch on Wednesday November 16,2022, NBS Head of Digital Banking, Iquiniso Dzoole Mwale, said the campaign will engage customers with digital banking products under the EazyBank umbrella which provides a seamless banking experience enabling simplification, ease and convenience for the customer.

” This is a very helpful campaign for our both new and existing customers and we believe they will love it,” said Mwale.



He then urged the customers to support the new launched campaign so as it bears expected results.

In July this year, NBS also introduced a branded EazyBank Reloaded 2.0, a multi-facility version of its cellular banking system.

The facility permits clients to have entry to all important cellular banking channels as conveniently as potential.

It further provides features like EazyMobile, EazyApp, EazyOnline, EazyCash (ATM), EazySwipe (POS), EazyCard (Debit and Credit score), and supplies a banking expertise that solutions buyer and offer huge self-service options and a variety of merchandise.

NBS Bank is a fully-fledged commercial bank providing various financial services to individuals, small and medium businesses, large corporations and public institutions.

The Bank was incorporated as a limited company on March 14,2003 and was registered under the Banking Act 1989 on March 1, 2004.

It started its commercial banking operations on July 1,2004.