Sunday, May 4, 2025
No menu items!
spot_img
Home Blog Page 5

TNM shareholders welcome strategic plan to boost profitability

0

By Jones Gadama

In a significant development, Telekom Networks Malawi (TNM) shareholders have welcomed a new strategic plan aimed at improving the company’s financial performance and boosting profitability.

The plan, which focuses on debt reduction and increasing revenue, has already shown promising results, with TNM reportedly making a profit of K10 billion in 2024 after posting losses in 2023.

According to TNM Board Chairperson Ted Sauti Phiri, the strategic plan is designed to benefit all shareholders, with the company’s leadership focused on driving growth and profitability.



Phiri emphasized that the plan’s success will be measured by its ability to deliver value to shareholders.

Shareholders, including Frank Harawa, have expressed gratitude to the company’s leadership for implementing effective measures to restore profitability.

Harawa’s sentiments reflect the optimism among shareholders that the new strategic plan will yield positive results.

TNM aims to retire its existing debt obligations, with plans to raise K30 billion through the issuance of new shares.

This move is expected to significantly improve the company’s financial health and reduce its debt burden. The company is working to boost revenue through improved operational efficiency and strategic investments.

This includes enhancing its telecommunications and mobile money services to better serve its customers.

TNM’s leadership is committed to delivering value to its shareholders, with a focus on long-term growth and profitability.

While some stakeholders have welcomed the strategic plan, others have raised concerns about potential dilution of minority shareholders’ interests.

The Minority Shareholders Association of Listed Companies (Misalico) has expressed worries that the issuance of new shares could dilute the current share price, benefiting majority shareholders more than minority ones.

In response, TNM’s Chief Executive Officer, Michel Hebert, has defended the approach, stating that the shares are being offered at a 7% discount, within the 10% limit allowed by the Malawi Stock Exchange (MSE) listing requirements.

Hebert emphasized that the funds raised will be used to restructure the company’s balance sheet and pay down expensive debt, unlocking value for all shareholders.

As TNM implements its strategic plan, shareholders and stakeholders will be closely monitoring the company’s progress.

With a focus on debt reduction, increased revenue, and shareholder value, TNM is poised to improve its financial performance and drive growth.

The success of this plan will depend on effective execution and the company’s ability to adapt to changing market conditions.

In related news, TNM has been actively working to enhance its customer experience, including introducing new features to curb mobile money fraud.

The company’s commitment to innovation and customer satisfaction will be crucial in driving its growth and profitability.

Youth boxing promotions and Tamara safety products forge partnership

0

By Jones Gadama

In a significant development for the boxing fraternity in Malawi, Youth Boxing Promotions has partnered with Tamara Safety Products to support the upcoming boxing match scheduled for May 25th.

The partnership was announced at a press conference held in Lilongwe, where officials from both organizations expressed their commitment to promoting the sport.

Speaking at the press conference, Salim Chazama, a representative of Youth Boxing Promotions, highlighted the importance of collaborations in advancing the sport of boxing.



Chazama emphasized that the partnership would help bring much-needed attention and support to the boxing community, which often struggles to gain recognition.

Wilson Walisachi, a senior official at Tamara Safety Products, echoed Chazama’s sentiments, stating that his organization is eager to contribute to the development of boxing in Malawi.

Walisachi expressed his company’s willingness to support the sport in any way possible, with the ultimate goal of promoting boxing and fostering a culture of excellence.

As part of the partnership, Youth Boxing Promotions member Ibrahim Suwedi presented a K500,000 donation to boxer Byson Gwayani to support his business venture selling Irish potatoes.

This gesture demonstrates the organization’s commitment to supporting its athletes beyond the boxing ring.

The upcoming match on May 25th promises to be an exciting event, featuring bouts between top boxers, including Khudakwache Nkhakamira Banda and Wilson Phiri.

The match is expected to draw a large audience and showcase the talents of Malawian boxers.

The partnership between Youth Boxing Promotions and Tamara Safety Products is a welcome development for the sport in Malawi.

By working together, the two organizations can help promote boxing and provide opportunities for young athletes to develop their skills.

The partnership also highlights the importance of corporate social responsibility and the role that businesses can play in supporting community development initiatives.

As the boxing match approaches, fans are eagerly anticipating the opportunity to witness the skills of Malawian boxers in action.

The partnership between Youth Boxing Promotions and Tamara Safety Products is expected to have a positive impact on the sport, and it will be interesting to see how the two organizations work together to promote boxing in Malawi.

The partnership between Youth Boxing Promotions and Tamara Safety Products is a significant step forward for boxing in Malawi.

With the support of corporate partners, the sport can continue to grow and develop, providing opportunities for young athletes to succeed.

The upcoming match on May 25th is expected to be a highlight of the boxing calendar, and fans are eagerly anticipating the opportunity to witness the skills of Malawian boxers in action.

Flames ready to take on Bafana Bafana in Chan qualifiers

0

By Jones Gadama

The Malawi National Football Team, affectionately known as the Flames, is gearing up for a crucial match against South Africa’s Bafana Bafana in the African Nations Championship (CHAN) qualifiers.

The highly anticipated match is set to take place this Saturday at the Bingu National Stadium in Lilongwe, with the second leg scheduled for May 11, 2025, in South Africa.

Speaking at a press briefing in Lilongwe, Coach Kalisto Pasuwa expressed optimism about the team’s chances, stating that they are well-prepared for the match and hope to deliver a fantastic performance.

Pasuwa emphasized that the team is focused on securing a win against their formidable opponents, who are known for their skills and determination on the field.

Flames in training



The Flames captain, Maxwell Paipi, echoed the coach’s sentiments, saying that the team is in high spirits and ready for the game.

Paipi also made a passionate appeal to supporters, urging them to come out in large numbers to cheer on the team. “We need the support of our fans to propel us to victory,” he said.

As the Flames prepare to take on Bafana Bafana, they will be looking to build on their recent performances in the Africa World Cup Qualifiers.

Currently ranked fourth in Group H with six points, the team has shown promise in their matches against Liberia and Equatorial Guinea.

The CHAN qualifiers are a significant opportunity for the Flames to showcase their skills and make a statement in African football. With Coach Pasuwa at the helm, the team has been working hard to perfect their strategy and tactics.

Pasuwa’s experience and expertise will be crucial in guiding the team through this challenging match.

The Road to Victory

To succeed against Bafana Bafana, the Flames will need to play to their strengths and capitalize on any weaknesses in the opposing team. The team’s predicted lineup features a mix of experienced players, including Thole, Chembezi, Chirwa, Aaron, Lungu, Mwaungulu, Singo, Petro, Mbulu, Mpinganjira, and Mhango.

With this talented squad, the Flames have the potential to make a strong impression in the qualifiers.

As the match approaches, fans are eagerly anticipating the opportunity to cheer on their team.

The Bingu National Stadium is expected to be packed with enthusiastic supporters, all cheering on the Flames as they take on Bafana Bafana.

The Flames’ Journey

The Malawi national football team has a rich history, dating back to its founding in 1966.

Based at the Cimwembe Technical Centre in Limbe, Blantyre, the team has been working tirelessly to promote football development in Malawi.

With the support of their fans and the guidance of Coach Pasuwa, the Flames are determined to make a strong showing in the CHAN qualifiers.

As they prepare to face off against Bafana Bafana, the team is focused on securing a win and making Malawi proud.

The match promises to be an exciting encounter, with both teams vying for victory.

Fans can expect a high level of intensity and passion from the players, as they battle it out on the field. With the Flames’ determination and skill, this match is one to watch out for.

Let’s rally behind our team and support them as they take on Bafana Bafana in this crucial match.

The Flames are ready, and with the backing of their fans, they can achieve great things.

Malawi Human Rights Commission condemns political violence against women and marginalized groups

0

By Jones Gadama

The Malawi Human Rights Commission (MHRC) has strongly condemned recent acts of political violence and discrimination targeting female candidates and marginalized groups ahead of the 2025 general elections.

In a statement signed by MHRC Chairperson Chikondi Chijozi, the Commission expressed deep concern over the increasing incidents of violence and harassment against women and marginalized individuals in politics.

According to the MHRC, some of the disturbing incidents include the vandalism of vehicles belonging to opposition MPs Grace Kwelepeta and Lonnie Chijere Chirwa, as well as public harassment of female Malawi Congress Party (MCP) supporters in January.

Chikondi Chijozi



The Commission also highlighted online attacks, such as a Facebook post mocking a female United Transformation Movement (UTM) candidate with dwarfism.

The MHRC emphasized that these incidents are a clear violation of Malawi’s Constitution, which guarantees equal political participation for all citizens, regardless of gender or disability.

“No woman in politics and participating in the 2025 elections should suffer any form of violence,” the statement read. The Commission warned that such developments pose a serious threat to the country’s democratic values and must not be tolerated.

The MHRC’s condemnation is timely, given the upcoming general elections in September 2025.

With this in mind, the Commission stressed the importance of creating a peaceful and inclusive environment where all citizens, especially women and marginalized groups, can participate freely and without fear.

This call to action is crucial in ensuring that all Malawians can exercise their right to participate in the electoral process without intimidation or harassment.

The MHRC’s statement has been echoed by other organizations.
The need for accountability and impartial policing highlights the importance of law enforcement agencies prioritizing the safety and security of all citizens, particularly women and marginalized groups.

The MHRC’s condemnation of political violence against women and marginalized groups is a crucial step towards promoting a peaceful and inclusive electoral process in Malawi.

By holding perpetrators accountable and promoting a culture of respect and inclusivity, Malawi can ensure that all citizens can participate freely and without fear in the upcoming general elections.

Namadingo to headline Kabula Festival

By Shaffie A Mtambo

The highly anticipated Kabula Festival is just around the corner, and fans are in for a treat. Namadingo, one of Malawi’s most celebrated musicians, is set to headline the festival, taking place from June 6th to 7th at Echo’s Park in Chileka, Blantyre.

Organized by Kabula Diaries, the festival promises to be an unforgettable experience, with Namadingo’s energetic performance sure to get the crowd moving. Known for his unique blend of Afrobeats and local flavors.

Fans were eagerly awaiting the opportunity to see Namadingo perform live, belting out his hit songs like “Tuli”, “Mapephero”, and “Pelefekiti”, among others. With his charismatic stage presence and dedication to his craft.



The Kabula Festival has become a staple of Malawi’s music scene, bringing together artists, fans, and industry professionals.

This year’s edition promises to be bigger and better, with Namadingo’s headlining performance sure to draw in crowds from all over the country.

The festival is a celebration of music, art, and culture, and Namadingo’s headlining performance is just one of the many exciting aspects of the event. Don’t miss out on the opportunity to see one of Malawi’s most talented artists perform live.