Monday, March 10, 2025
الرئيسية بلوق الصفحة 14

MAGU defend Mo626 College Basketball championship 

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The K450 million National Bank of Malawi (NBM) plc’s Mo626 College Basketball Tournament wrapped up spectacularly as Malawi Assemblies of God University (MAGU) men and women teams successfully defended the championship.

Both teams walked away with K5 million and trophies each in two thrilling championship finals played at ABC Blue Gym in Lilongwe at the weekend. 

After a successful semifinal encounter on Friday, the action-packed day on Saturday kicked off with a thrilling bronze medal clash in the women’s category, where MUBAS edged MZUNI  37-35 to claim third place.

In the men’s bronze match, UNILIL powered past the UNIMA Hawks with a dominant 72-48 win.

The excitement peaked in the women’s final as MAGU and UNILIL battled fiercely for the title.

MAGU’s She-Wolves emerged victorious with a tight 52-48 win.

The grand finale saw the MAGU Wolves face ABC Lions in a gripping men’s showdown and in a last-minute thriller, the Wolves triumphed 45-41.

MAGU’s Orlyn Londo and Peter Mapunde were honoured as the Most Valuable Players (MVPs) in the ladies and men’s categories respectively.

“This is beyond amazing! Being named MVP and winning the tournament feels like a dream. We gave our hearts into every game, and to come out on top is just incredible. Defending our title was our mission, and we made it happen. I am so proud to bring this victory home for MAGU,” expressed Mapunde.

NBM plc Chief Financial Officer Daniel Jere, expressed satisfaction with the outcome of the tournament saying it has been a resounding success, celebrating the spirit, skill, and passion of Malawi’s young athletes.

“We are very encouraged by the response we have seen from both the colleges that have participated in this tournament, the fans at large, and all our customer base, because this tournament has delivered a lot of excitement, especially amongst the college teams that participated.”

“Two weeks ago, we were at the Malawian University of Science and Technology (MUST), and we, indeed, saw the badge that was there with the Mo626 College Basketball Tournament.”

“This tournament is getting bigger with each passing year, and we are very encouraged by what we are seeing. As a Bank, our plans for this tournament can only be to get it to grow bigger. From where we started 16 years ago to the current year, we’ve seen enormous growth, and we believe that this brand has the potential to grow further, and it is in our interest to see the tournament even grow bigger and better,” said Jere.

Basketball Association of Malawi (BASMAL), Vice President Banthari Banda, congratulated MAGU for defending the Mo626 title and saying this year the competition tough. 

“There were no small teams, and all the teams were prepared. So, starting with the Ladies’ Finals, it was a mouth-watering game. The men’s as well, we saw the exciting game and at the end of the day, the best teams won. Furthermore, I would like to thank NBM plc for this partnership which has unearthed big talent from the universities and colleges in the country.”

“We are happy that the country is now getting awareness of this particular sport, which in the past was mostly known in colleges and a few secondary schools. So, as BASMAL, we are committed to working with NBM plc in the development of Basketball,” said Banda.

Apart from cash and the trophy and cash, the champions also got NBM plc branded caps. 

Mechanic in MK172 million Premier Bet Win

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Blantyre-based motor vehicle mechanic Atanazio Simon is in cloud nine after winning K172 million in PremierBet Malawi’s Aviator game with multiple stakes.

The 32-year-old says he is very happy with the big win as it has helped him to turn his dream of owning a big workshop into reality.

“I don’t know how to express myself in celebrating this success because it is a dream-come-true. I cannot imagine that finally i will own a workshop with the money i have won,” he says. PremierBet Malawi commercial manager Muhammad Shuman says they are excited to have produced the biggest winner of the day.

“It is our hope that he will put the money to good use. We also advise the public to engage in responsible betting by ensuring that they do not use money meant for their basic necessities,” he says.

Raising The Flag- Chawinga recoding breaking with 18 Goals  Eyeing Golden Boot

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Temwa Chawinga has equalled the National Women Super League (NWSL) goal scoring record in a single regular season. The Malawi women national football striker Temwa netted her 18th goal of the season when Kansas City Current beat Racing Louisville FC 2-0 Sunday.

In an interview, Chawinga said she was thrilled with her exploits. “It feels great to score more goals in a single season. I will continue working hard to achieve more this season,” She said.

This means Temwa has increased her chances of winning the Golden Boot award in her debut season as she is five goals above Zambian Barbara Banda. Di Bernardo scored the other goal for Current. The Malawian has a chance to set a new record in NWSL. “The goal marked Chawinga’s 18th of the regular season, meaning she could set the NWSL regular season record with one more goal. Chawinga’s goal also marked the second-fastest regular season goal for Current this season,” the Current website reports. The Malawian made history when she scored 64 goals for club and country last season. Temwa was named in the NWSL Best X1 of August. This was her third time to be named in the Best X1 in her debut season. She was named as the overall top goal scorer in the world after netting 63 goals for both club and country.

MCP Accuse Peter Mutharika For Nationwide Demos Against The National Identity (ID) Card Registration System

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Malawi Congress Party (MCP) has accused opposition Democratic Progressive Party (DPP) leader Peter Mutharika of mobilising youths across the country to hold nationwide demonstrations against the national identity (ID) card registration system. MCP secretary-general (SG) Richard Chimwendo Banda made these claims at Area 18 in Lilongwe on Saturday while welcoming President Lazarus Chakwera back from the 79th United Nations General Assembly in New York. However, DPP spokesperson Shadric Namalomba dismissed Chimwendo’s accusations, labelling them an attempt to impress Chakwera. Namalomba warned that making “baseless and illogical accusations” against his party is unacceptable. Chimwendo Banda told Chakwera that some individuals are envious of the good work the President is apparently doing in developing the country. “I want to tell you this, Your Excellency: people love you. But as people love you, there will always be jealous individuals. One of these is Peter Mutharika, who is deceiving Malawians by claiming he will develop Malawi. “He already said that he would develop Malawi like Singapore, but he failed. Today, Mutharika has mobilised many youths to hold demonstrations in this country. “They say they want to address the issue of registration with the cards which they introduced in 2017. They want Malawians to start demonstrating in the country’s cities and vandalising cars,” the MCP SG said. He further charged that if there is anything wrong with the ID system, stakeholders must resolve the challenges.

“But Malawians must not lose their property or get hurt because of demonstrations organised by the DPP,” Chimwendo Banda said. He appealed to Malawians not to listen to what he described as DPP’s lies. “They know that politically, they cannot match us. Their party is a failed party. Their leader is a failed leader. “They want to incite violence in the country by lynching people, but we will not retaliate. We will be at the forefront with you, working hard,” Chimwendo Banda added. He further told Chakwera that the MCP youths will not retaliate because “they know that Chakwera is a peace-loving leader”.

In response, Namalomba said Chimwendo Banda’s claims that DPP was mobilising youth protests against the national registration process were unfounded and misleading. “Furthermore, Chimwendo Banda’s assertion that DPP will never return to power is misguided. Malawians have expressed dissatisfaction with Chakwera’s corrupt and incompetent government and are demanding change. “The people yearn for Professor Arthur Peter Mutharika’s leadership. Chimwendo Banda’s rhetoric disregards the will of the people and showcases arrogance and superiority,” Namalomba said. He urged the current administration to acknowledge what he termed the reality that their time is coming to an end.

Addressing the gathering that turned up to welcome him, Chakwera said Malawi belongs to all Malawians. He stressed that the Malawi Constitution provides for freedom of association and that people are free to choose with whom they wish to associate. “Democracy is different from how you feel in your heart. Democracy is about respecting others. Democracy is about giving others freedom. Democracy is about respecting one another,” the President said. He then urged Malawians to work hard in the fields, with the rainy season just around the corner.

The genesis of the ID saga is the requirement by electoral laws that only those with national IDs will be allowed to register to vote in the 2025 General Elections.

There have been concerns among some election stakeholders, including DPP itself, that solely relying on the ID will disenfranchise some Malawians who are struggling to obtain the document, meaning that in its absence, they will not be able to register to vote.

Malawi Electoral Commission (Mec) Chairperson Justice Annabel Mtalimanja told the Defence and

Security Committee of Parliament that amending the law to accommodate the use of other forms of identification would impact the commission’s activities.

Mtalimanja appeared before the committee to explain Mec’s security preparedness for the elections, which observers foresee will be closely contested.

She indicated that amending the law might force the commission to redesign its activities, affecting

everything from budgeting to the configuration of its machines.

However, in a later interview, DPP publicity secretary Shadric Namalomba told The Daily Times that the

party will do everything possible to push for an amendment to the law.

“We will do anything at all costs, including amending the Act to remove the requirement for national

identity cards and approaching the courts to challenge this unconstitutional requirement

“It should be noted that it is our duty as citizens of Malawi to ensure that our constitutional right to vote is protected at all costs,” Namalomba said.

NBM Plc in loan guarantee partnership with African Guarantee Fund to support SMEs

In a move to scale up its lending activities for various micro, small, and medium enterprises National Bank of Malawi (NBM) Plc has entered into a five-year loan portfolio cover partnership with the African Guarantee Fund (AGF).

The cover will support start-ups, women led businesses and green funding initiatives.

AGF is a pan-African guarantee provider that promotes economic development by providing financial institutions with partial credit guarantees and capacity development programs specifically intended to support Small and Medium-sized Enterprises in Africa.

The signing ceremony was held in Nairobi, Kenya on October 2, officiated by AGF Group Chief Executive Officer Jules Ngankam and NBM Plc Chief Executive Officer (CEO), Harold Jiya.

In his remarks, Jiya said the guarantee will leverage untapped emerging sectors, enabling the Bank to expand its products and service offerings to various sectors, create business synergies, increase the overall number of beneficiaries, and enhance financial inclusion.

“The Loan Portfolio Guarantee will cover 75 percent of net losses for financing grant to women and green businesses and 50 percent for others not covered under these. All loans under ‘Amai Angathe’ product including top-up loans repaid up to 50 percent will be covered under this guarantee,” said Jiya.

Commenting on the partnership, Ngankam said: “One of the challenges that many SMEs face in accessing credit, is lack of adequate collateral to qualify their borrowing. This collaboration is part of AGF’s continued efforts to empower SMEs, drive economic growth, and support sustainable development across our continent. By utilizing AGF’s Loan Portfolio Guarantee facility, NBM plc will benefit from risk-sharing arrangements, enabling the Bank to extend credit to SMEs that otherwise face significant barriers to accessing finance.”

A key highlight of the partnership is its leverage of the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative through the AFAWA Guarantee for Growth program.

NBM plcwill therefore provide targeted financial support for women-led and women-owned businesses, thus empowering female entrepreneurs and fostering gender inclusion in Malawi’s business landscape.

Melissa Basque-Roux, AFAWA Coordinator underlined: “This loan guarantee partnership will improve access to finance for women entrepreneurs, breaking down structural barriers and empowering them to grow their businesses, thereby contributing to sustainable economic development.”

Additionally, through AGF’s Green Guarantee Facility, NBM plc will increase financing for businesses investing in sustainable, low-carbon technologies. To compliment the guarantee products, AGF is at an advanced stage in structuring a Capacity Development program that will enhance NBM plc’s technical capacity to foster financial inclusion for its SME segment.

NBS Bank plc pumps K10 million into cultural festivals  

Listed NBS Bank has donated a total of K10 million to two cultural festivals, the Gonapamuhanya Cultural Festival and the Mulhakho wa Ahlomwe which are happening this weekend in Rumphi and Mulanje respectively.

The Gonapamuhanya festival will be celebrating the chieftaincy of Chikulamayembe, the head chief of the Tumbukas.

Speaking at a symbolic cheque presentation ceremony on Wednesday in Blantyre, NBS Bank plc Marketing Manager, James Chikaonda said the Bank is committed to supporting the communities they serve through cultural festivals.

“As a ‘Caring Bank’, we are dedicated to giving back to the community in which we operate. We are thrilled to sponsor this year’s Gonapamuhanya Cultural Festival, as this contribution will significantly impact the preparation and execution of the celebrations.”

“It aligns with our strategic goal of customer engagement and community support through the preservation of culture, we are thrilled to support this noble cause,” said Chikaonda.

In his remarks after receiving the donation, the festival’s National Vice Chairperson Andrew Nkana commended NBS Bank plc for the sponsorship. 

Making another donation to Mulhakho wa Ahlomwe on Thursday in Blantyre, NBS Bank plc Head Treasury Sales Dindwase Jere said the donation is part of the Bank’s commitment to giving back to the community.

“They came to us to ask for assistance and we felt compelled to sponsor them, simply because it aligns with our corporate initiatives. We already budgeted for this as we are always excited to partner with different organizations irrespective of their background in promoting cultural practices,” said Jere.

In his remarks, the festival’s organizing chairperson, Felix Tambulasi commended NBS Bank plc for the sponsorship. 

“We are very grateful to the management of NBS Bank for the sponsorship of K5 million which will greatly assist in organizing the event. You know such events require a lot of planning and financial needs. This donation will therefore help to mend such gaps,” said Tambulasi.

The Pagonapamuhanya festival will be celebrated under the theme ‘Empowering women and youth for Development’ and will take place at Kadimulilo in Rumphi on October 5 while the Mulhakho wa Alhomwe festival will be celebrated under the theme ‘United for a common purpose’ and will take place at Chonde in Mulanje from October 4-6.

Mpinganjira emphasizes the importance of effective communication

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FDH Holdings Financial Limited Chief Executive Officer William Mpinganjira has underscored the importance of effective communication between the top management and the public Relations and communication team to achieve strategic business objectives.

Mpinganjira spoke in his presentation ‘Setting PR and Communication agenda from the C-suite’ at the Public Relations Society of Malawi (PRSM) annual lake conference in Mangochi on Friday.

In his presentation, he highlighted several issues including crisis management and Media Sensitivity.

He gave an example of how FDH Bank Plc saw the importance of having a PR and Communication team to help attain its growth ambitions.

“Effective crisis management and communication are crucial although difficult to execute under pressure. Sometimes media coverage tends to focus on negative stories so managing media relations is a critical aspect of PR to ensure balanced reporting with the CEO setting the agenda of what needs to be communicated,” said Mpinganjira.

In his opening address, Minister of Information and Digitization Moses Kukuyu said Public Relations specialists, are important people that any serious organization or government that cares about managing its public image must have in its top management teams.

“Despite still being in its nascent years, PRSM is, nonetheless, taking brave strides to play a crucial role in the country’s strategic development agenda. I also take note of PRSM’s initiatives to champion the enactment of the PR and Communication legislation.”

“As the government, we shall support PRSM’s initiative so that there is proper legislation to regulate the PR and communication profession. Government believes this regulation will enhance professionalism, protect the public interest, and provide clarity on industry standards,” said Kunkuyu.

The three-day conference is being held under the theme ‘Managing Narratives for Enhances Democracy and Development’.

All set for 2024 Mulhako Wa Alhomwe Festival, Over 40, 000 people to attend

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Counsel Tambulasi addressing the media

The Mulhako wa Alhomwe annual festival is expected to draw a massive crowd of over 40,000 people from across Malawi, festival Chairperson, Counsel Felix Tambulasi, has confirmed.

The event, scheduled to take place from today Friday to Sunday at Chonde Cultural Village in Mulanje district, promises to be an exciting celebration of Lhomwe traditions and culture.

“Everything is set for the gala. We expect thousands of people from all regions to grace the event,” Tambulasi

This year’s festival will be held under the theme “United for Purpose.”

Former State President Professor Arthur Peter Mutharika, also the patron of Mulhako wa Alhomwe and the Democratic Progressive Party (DPP) presidential candidate for the 2025 elections, is expected to close the ceremony on Sunday.

Mulhako Wa Alhomwe was established in 2007 with the aim of promoting Lhomwe culture by among other objectives, instilling a sense of pride in its people.

The formation of the organization revived some of the cultural practices that had been on the death bed.

The Lomwe are one of the four largest ethnic groups living in Malawi. 

They are located primarily in the southeast section of Malawi with the largest concentration being in Phalombe, Mulanje, Thyolo, Chiradzulu, Zomba districts.

NBM plc aids Magomero Health Centre with essential medial drugs

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NBM Malata handing over medical supplies to Sister Kunkeyani

National Bank of Malawi (NBM) plc has donated essential drugs and medical supplies worth K3.9 million to Magomero Health Centre in Zomba.

The Catholic mission-established Health Centre has recently faced financial challenges despite providing healthcare to a catchment population of over 35,000 across 59 villages, thereby forcing the Sister-in-Charge of the institution to approach NBM plc for assistance.

Speaking when she handed over the donation on Wednesday, NBM plc Zomba Service Centre Manager Tawina Malata said the ‘Bank of Nation’ believes that good health is the foundation of a prosperous society and the donation exemplifies NBM plc’s dedication to making a difference in the health and well-being of the communities.

“We came here to help fill that gap by donating K3.9 million worth of essential drugs and medical supplies to support the invaluable work that this health centre performs daily. We recognize that healthcare is not just about infrastructure or staffing, but also about ensuring that the necessary medicines are available to those who need them most.”

“This donation underscores our commitment to the health and well-being of the communities we serve. It is part of our broader corporate social responsibility initiative, which focuses on improving lives through sustainable and impactful contributions,” said Malata.

The Health Centre’s Officer-in-Charge, Sister Juliana Kunkeyani thanked NBM for the timely donation which will help save lives of many patients who fail to pay for their treatment.

“We were failing to give good services because we lack essential medical supplies, the coming in of these drugs and other medical supplies will help us offer proper care to our patients,” said Sister Kunkeyani.

She added that the facility still needs beds, linen, plus equipment for its new maternity wing under construction.

Established in 1947, Magomero Health Centre is situated 32 kilometers from Zomba Central Hospital.

CDEDI pens AG Chakaka-Nyirenda demanding progress report on K51 billion misappropriated at Salima Sugar Company

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By IOMMIE CHIWALO

The Center for Democracy and Economic Development Initiatives (CDEDI) is demanding for an immediate intervention from the Office of Attorney General to take action by challenging Court order on freezing SSCL bank accounts.

In a letter copied to Salima Sugar Company Limited and Green Belt Authority, CDEDI Executive Director Sylvester Namiwa wants the commitment made by Attorney General Thabo Chakaka-Nyirenda in recovering public finances come to pass.

Namiwa is against the current trend of selective justice that is portraying the office of the Attorney General as among compromised agencies.

The call by CDEDI are coming after Malawians have had a rude awakening from verified media reports indicating that the High Court had ordered the freezing of the SSCL’s bank accounts yet it has been on the mercy of its stakeholders.

For instance Mount Meru which also had its bank accounts frozen oover dubious exportation of 1,500 MT Salima Sugar to Rwanda and asked
the current management of SSCL to have mercy as the company was willing to be a government witness.

The Attorney General has been reminded that the SSCL was set up to among others provide the much-needed competition
to the Illovo dominated sugar industry, for the betterment of the majority low-income consumers that are struggling to access the basic commodity,
fortified with Vitamin A supplement.

“For your own information, Illovo has
raised sugar prices twice this year, in a space of six months, therefore
Malawians’ eyes are fixed at the developments unfolding at the SSCL to provide affordable sugar, hence their interest on this matter,” says Namiwa.

The government principal legal advisor has since been urged to challenge the High Court ruling as well as ensuring that the remaining suspects are arrested, starting with their local agents, who are currently facilitating the freezing of the SSCL’s bank accounts.

Chakaka-Nyirenda has also been ordered to give a progress report and
justify the apparent selective application of justice on arrests, including how much in cash and assets has been recovered so far, ten months after committing to address the vice.

“Failure to do the needful, will prompt Malawians to conclude that you are too compromised to defend public interests, therefore,
the noble thing to do is to force you Sir, to resign since you made that public undertaking while fully aware of its implications,” reads the letter from CDEDI and the office of the Attorney General has confirmed receipt of the same.

The recent media reports that the High Court’s commercial division in
Blantyre has barred Salima Sugar Company Limited (SSCL) from using $2.3 million (about K5.3 billion) in its bank accounts, pending the conclusion of an outstanding case between the firm and Mukteshwar Sugar mills Limited,
coupled with the Illovo Sugar price hike, has reminded Malawians of an undertaking AG Chakaka-Nyirenda publicly made on December 5, 2023 when officially unveiling the contents of the November 2023 forensic audit commissioned by the Malawi Government on SSCL, which brought to light reports that about US$30 million (about MK51 billion) was misappropriated.

He made the pledge through a televised press briefing where Malawians were assured that all the money would be recovered and those involved would be arrested with their assets forfeited to recover the public funds, some of which included public debts.

Initially SSCL Chairman Shirieesh Betgiri, was arrested and the national police spokesperson Peter Kalaya told the nation that the police had secured five warrants of arrests for Betgiri, Dr. Henry Njoloma, Prashant Sharma, Vikas Hirawatt and Sachin Nikam.

While there was a commitment by the Malawi Police Service to bring suspects home so that they can answer the charges in court, there has been deafening silence on the matter until in May this year when Media reported that Mount
Meru is off the hook having appealed for mercy.