Zambian singer Elton Mlenga known in music circles as ‘Yo Maps’, has released a heartfelt tribute for the country’s former president Edgar Chagwa Lungu.
In the new song ‘Muni Posheleko’, Yo Maps is requesting Lungu to pass his regards to other fallen Zambian former leaders namely; Rupiah Banda, Kenneth Kaunda, Levy Mwanawasa and Michael Sata.
The singer has also paid respect to musicians PJ and Joe Chibangu who passed away in 2014 and 2017 respectively.
Recorded under Olios Records, the new song has been produced by Kingtec Producer and C Mark.
Meanwhile music lovers across the continent have been reacting to the new song with many describing it as a perfect tribute to late Edgar Lungu and all the departed heroes.
You can listen to Yo Maps’ tribute to Edgar Lungu by following this link https://m.youtube.com/watch?v=oUvcz7Xxl0o
Musician Skeffa Chimoto has released his long anticipated song titled ‘Owala’ which was premiered live on Zodiak television on Wednesday evening.
The song which was produced by BFB has been accompanied by a music video which has been shot and directed by Twice P.
“Iwe ndi Owala (You’re beautiful) Ngati nyenyezi Mamaa (You shine like a star Mama) Ndiwe Owala (You’re beautiful) Ngati Chikondi cha Mamaa(You’re love is same as Mama’s love)….” Goes the Chorus of the song in part.
Skeffa Chimoto
Popularly known as ‘The Jamming Machine’, Skeffa came in the limelight when he released his popular studio album “Nabola Moyo,” and his other notable albums include; “Ndife Amodzi,” “Mundimvere Mbuyewanga,” “Munditume,” “Ndingokuwa,” “Chiyambi,” “Mthuzi Wa Chitedze,” and “Alpha & Omega.
You can watch Skeffa Chimoto’s new song ‘Owala’ by following this link
It has emerged that despite recent amendments to listing requirements, the Malawi Stock Exchange (MSE) is still struggling to attract new listings, largely due to the country’s prevailing economic challenges.
Recently,MSE announced the reduction of the capital requirement for listing from K500 million to K400 million and that the companies to be listed need to demonstrate profitability for two consecutive years.
But in an interview, MSE Chief Operating Officer,Kelline Kanyangala,said companies are hesitant to list due to concerns that high stock prices will deter investors.
Kelline Kanyangala
Meanwhile, economist Abel Mwenibanda suggests that improving financial literacy through civic education could help boost the market.
He argues that many Malawians lack a clear understanding of how the stock market operates, which hinders its growth.
MSE has been in existence since 1994 but started equity trading in November 1996 when it first listed National Insurance Company Limited (NICO).
Prior to the listing of the first company, the major activities that were being undertaken were the provision of a facility for secondary market trading in Government of Malawi securities namely; Treasury Notes and Local Registered Stock.
The company is licensed under the Financial Services Act 2010 and operates under the Securities Act 2010 and the Companies Act 2013.
The important functions of the MSE are:
-Providing a link between financial raisers and financial suppliers (investors) Providing market place for buyers and sellers of listed securities.
-Supervising trading activities Supervising the conduct of member firms.
-Providing information services such as market trading information.
-Providing announcements made by listed companies.
The government entity has three platforms namely, the Main Board, Alternative Capital Market and Debt Market.
The Main Board is meant to cater for larger and well established companies; while the Alternative Capital Market was established to provide opportunity for the Small and Medium-sized Enterprises (SMEs) who would like to raise capital at a lower cost by accessing public funds.
The Debt Market caters for issuers that would want to raise debt capital as opposed to share capital.
The High Court Financial Crimes Division has ordered the seizure of land belonging to the Democratic Progressive Party (DPP) Regional Governor for the Southern Region, Charles Mchacha.
The land is said to be situated in the Kanjedza Forest Reserve in Blantyre.
According to a statement issued today by the Anti-Corruption Bureau (ACB) and signed by the bureau’s Principal Public Relations Officer, Egritta Ndala, the property is now under the custody, care, and control of the bureau until the finalisation of the case.
Mchacha
“Anti-Corruption Bureau (ACB) is prosecuting Mr. Charles Mchacha for influencing public officers to perform their functions to process a lease of land in the name of Charles Mchacha for protected land situated at Kanjedza Forest Reserve,” reads part of the statement.
Mchacha’s case began when the ACB received a complaint on February 12, 2020, alleging that the Department of Lands had leased the plot to him without following proper procedures.
It has been ongoing, with the High Court in Lilongwe previously adjourning the hearing to December 12, 2022, to allow the defense to review documents presented by the state.
During the investigation, former Natural Resources Minister Binton Kumtsaira, who was the fourth state witness, denied granting Mchacha consent to acquire the land.
In the wake of a nationwide gemstone export ban that has rattled Malawi’s mining communities, I caught up with one of the Artisanal Small-Scale Miners (ASMs),Yamikani Jimusole,who is not only a seasoned miner but also one of the few accredited gemologists in the country and Africa.
With over a decade of experience in gemstone research ,exploration and mining, Jimusole provided critical insight into how this ban is affecting miners on the ground and what it could mean for the future of the industry.
THE GENESIS OF THE BAN
The gemstone export ban was imposed abruptly, barely a year after the Ministry of Mining accredited gemologist retired without a suitable replacement.
This sudden move has raised questions about the Ministry’s preparedness and ability to regulate the industry effectively.
Critics argue that the ban was implemented without adequate consultation with stakeholders, including ASMs, and lacks a clear justification.
The Ministry cited undervaluation concerns as the basis for the ban.
However, part of its mandate includes training miners and advising on market prices, which further raises questions about the timing and rationale behind the decision.
THE IMPORTANCE OF ASMs IN THE GLOBAL EXTRACTIVE INDUSTRY
Artisanal Small-Scale Miners(ASMs) play a vital role in the global extractive industry, contributing significantly to local economies and global mineral supply chains.
ASMs are often the backbone of rural economies, providing livelihoods for millions of people worldwide.
In Malawi, the ASM sector is critical to the gemstone industry, with many miners relying on this activity as their primary source of income.
DIVERSITY WITHIN THE ASM SECTOR
The ASM sector is not homogeneous; it comprises different categories of miners, including:
MECHANIZED MINERS:
These miners use machinery and equipment to extract gemstones, often targeting high-value international markets.
MIXED MECHANIZED AND ARTISANAL MINERS:
This group combines traditional artisanal methods with some mechanization, catering to both local and export markets.
ARTISANAL MINERS:
These miners rely on traditional methods, typically supplying regional or informal markets.
Each group has distinct overheads, market orientations, and operational challenges—and the export ban impacts them differently.
CONTRASTING ACTIONS: MINISTRY’S PLANS FOR ASM INDABA
Despite the ongoing ban, the Ministry of Mining has announced plans to host an Artisanal Small-Scale Miners’ (ASM) Indaba later this year,Minister Ken Zikhale Ng’oma emphasized the importance of ASMs in transforming Malawi into a middle-income economy and acknowledged the need to create a conducive environment for their business.
The Indaba aims to provide a platform for ASMs to voice their concerns and map the way forward.
UNIFIED ACTION
Jimusole observed that there is an urgent need for ASMs to unite.
“At the moment, the sector seems disorganized.
“To attract serious investors, we must demonstrate that we are serious ourselves—and one way to do that is by formalizing our operations,” said Jimusole.
He emphasized that Malawi possesses some of the world’s most valuable and underexploited gemstones, including aquamarine, tourmaline, garnets, and rubies.
“If properly managed,these resources could generate the much-needed foreign exchange, potentially surpassing the revenue we get from tobacco,” he said.
POTENTIAL CLAIMS AGAINST THE MINISTRY
Several potential legal claims could be brought against the Ministry of Mining, including:
UNLAWFUL ADMINISTRATIVE ACTION:
ASMs could argue that the Ministry’s imposition of the ban without adequate notice, consultation, or justification constitutes unlawful administrative action.
LACK OF DUE PROCESS:
ASMs may claim that the Ministry failed to provide due process by not specifying a timeline for lifting the ban or engaging in meaningful dialogue with stakeholders.
UNREASONABLE DELAY:
With the ban having been in effect for an extended period, ASMs could argue that the Ministry’s inaction is unreasonable and has caused significant operational harm.
LOSS OF LIVELIHOOD/BUSINESS:
ASMs may seek compensation for financial losses incurred as a result of the ban, arguing that the Ministry’s decision directly affected their ability to conduct business and earn a living.
NAVIGATING THE LEGAL LANDSCAPE
To effectively navigate the legal implications of the gemstone export ban, ASMs may consider seeking legal counsel with expertise in administrative or business law.
By carefully examining the Ministry’s actions and the resulting impact on their operations, ASMs can identify the most appropriate legal strategies to challenge the ban and protect their interests.
CONCLUSION
The Artisanal and Small-Scale Mining sector is a vital part of Malawi’s economic development.
It holds vast potential not only to alleviate poverty but also to transform the country’s mineral economy.
The government must take this sector seriously—by collaborating with relevant stakeholders, including banks, training institutions, and investors.
Only through a collective and inclusive approach can we unlock the full potential of Malawi’s gemstones and position the ASM sector as a powerful driver of sustainable development.
