By Durell Namasani
Creck Sporting Club has announced the signing of former Mighty Wanderers forward Misheck Botomani on a 2-year deal.
According to a statement made available on the team’s official Facebook page, Botomani who also played for the defunct Wizards FC, has joined the Lilongwe outfit as a free agent.
Earlier in the day, the club also announced the signing of Flames and former Blue Eagles goalkeeper Brighton Munthali.
By Linda Kwanjana
The Malawi Government on Friday unveiled a formidable financial blue print which contains varous windows aimed at resustaining the economy which has been affected mainly due to geopolitical effects.
Among the interventions, Government has made a serious decision which will see resuscitation of the formerly vibrant Malawi Development Corporation (MDC).
Delivering budget statement in the August House, Mister of Finance , Simplex Chithyola Banda said the resustation of MDC will help to drive productivity and ensure forex available.
Chithyola Banda reaffirmed government committiment in the resustation of key productive areas outlined by President Lazarus Chakwera in the State of National Address (SONA).
“The budget is not just about stabilisation, it is about resuscitation of other key productive sectors and ensuring that Malawi moves forward with resilience and determination,” he said.
According to the minister as the country continues grappling with economic issues government is working tirelessly to finance in both existing and emerging projects starting at a district level, ensuring developments are remain inclusive and sustainable across.
In order to stabilize economy, the Minister announced establishment of key initiative of a National Forex Crime Unit to tackle with parallel market activities, enforcing forex regulations and cracking down illegal exploitation of minerals and agriculture products.
“The unit shall also be responsible for combating the illegal extraction of our country’s minerals and ensuring strict compliance with forex regulations,” Chithyola Banda explained.
He emphasized in streathening relationship with Malawi Police Service, alongside intelligence institution ensuring that there is fast track in apprehending suspects of engaging in illegal extraction of mining as well as forex trading.
Another developing issue is that of a ban on the importation of non-essential commodities that can be produced locally as companies and individuals will be encouraged to venture into local production through various taxation measures.
“We no longer allow unnecessary imports to drain our forex reserves, instead we ensure to support local industry through SMEs who will be playing a crucial role in producing goods that have traditionally been imported,” Chithyola Banda emphasised.
He, therefore said the announcements offer a standing point into the government’s efforts to revitalize Malawi’s economy by implementing the measures, the government hopes to pave the way to more prosperous and stable future for all Malawians.
By Chisomo Phiri
Economics lecturer at the Catholic University of Malawi (CUNIMA ) Greenson Nyirenda has urged the government to take immediate action to tame food inflation and ensure forex availability in the country.
This comes after former Minister of Trade Sosten Gwengwe admitted that Malawi is indeed experiencing hyperinflation, echoing the International Monetary Fund (IMF)’s forecast of a cumulative inflation rate of 108% by the end of 2024.
In an interview with 247 Malawi News,Nyirenda pointed out a compromised food basket, particularly maize production, and forex challenges as the primary drivers of this crisis.
He also emphasized the need for the government to address the thriving black market, which is exacerbating the situation.
“The government must also deal with the thriving black market for the economy to rebound,” stressed Nyirenda.
But Gwengwe assured that the government is working to address the uncontrollable rising prices of goods in the country.
He admitted that the situation demands urgent attention to prevent further economic deterioration.
Currently,on the black market, a dollar is trading at nearly K4,500, while a 50kg bag of maize costs over K100,000.
A 1kg packet of sugar sells for K4,000, and 2 liters of cooking oil costs around K18,000.
Producers of chicken feeds and chicks have doubled their prices, adding to the burden on consumers.
By Twink Jones Gadama
Malawi’s music sensation, JETU, is poised to receive a staggering $50,000 (approximately K87 million) in compensation for the unauthorized use of her song “Chakwaza” in a DStv advert. This significant payout is a testament to JETU’s hard work and dedication to her craft.
According to reports, the matter has been classified as a “Sync License” or “Copyright Infringement” case, which falls under the highest level of Global Brand Advert.
This classification carries a substantial fine, and in this instance, JETU is set to benefit from the infringement.
The Copyright Society of Malawi (COSOMA) will oversee the payment process, ensuring that all terms and conditions are followed to facilitate the payment.
This development is a significant milestone for JETU, and the amount is a reflection of her growing influence in the music industry.
The use of JETU’s song “Chakwaza” in the DStv advert without her permission is a clear violation of her copyright.
The fact that the matter has been taken seriously and that JETU is set to receive compensation is a welcome development for artists and creators in Malawi.
This payout is not only a victory for JETU but also a warning to companies and individuals who think they can use copyrighted material without permission.
It sends a clear message that intellectual property rights will be protected and that those who infringe on these rights will face the consequences.
As JETU prepares to receive this significant payout, fans and supporters are celebrating her success.
This development is a testament to her hard work and dedication to her craft, and it is a reminder that Malawian artists are making waves in the global music industry.
The payment process is expected to be finalized soon, and JETU is likely to use this opportunity to further her music career and inspire other artists in Malawi.
As the music industry continues to grow in Malawi, this development is a significant step forward in protecting the rights of artists and creators.
By Shaffie A Mtambo
Former Mighty Wanderers midfielder Francis Mkonda has announced his retirement from active football.
Mkonda, known for his exceptional skills on the pitch, shared the news on his Facebook page, expressing a mix of emotions as he bid farewell to the sport he loves.
In his heartfelt post, Mkonda stated, “Good evening, I come before you today with a lot of emotions… This is just a physical goodbye for me in the game of football.”
He went on to thank his fans and teammates for their support throughout his 10-year career in the elite league.
Mkonda’s impressive football journey saw him play for several top-tier teams, including Masters Security, Epac FC, Mighty Wanderers, and Ekhaya FC.
His dedication, passion, and expertise on the field earned him a reputation as a formidable midfielder.
As Mkonda hangs up his boots, he leaves behind a legacy of hard work, perseverance, and love for the beautiful game.
Mkonda’s retirement marks the end of an era, but it also paves the way for new talent to emerge and make their mark on the football scene.
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