Category: News

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  • UTM vows to surprise ‘big parties’ in September elections

    UTM vows to surprise ‘big parties’ in September elections

    The opposition United Transformation Movement (UTM) has issued a bold challenge to established political parties ahead of Malawi’s tripartite elections scheduled for September 16, 2025.

    UTM, which was once an influential member of the Tonse Alliance that helped bring the current Malawi Congress Party (MCP) government to power in 2020, announced its departure from the coalition last year.

    Speaking at Mount Sochi Hotel in Blantyre during the party’s final pre-election press briefing on Tuesday, UTM Secretary General Felix Njawala emphasized the party’s independence.

    “Let me be clear, UTM is not part of the MCP, UTM is not part of the road that Malawians are going through. We were never party of the mismanagement that Malawians are suffering today,” Njawala declared.

    Njawala characterized the upcoming elections not merely as a political contest, but as “a rescuing mission that the country has embarked on after facing a number of plights for too long.” He dismissed what he termed propaganda from other opposition parties, explaining that UTM had rejected alliance proposals because they would have compromised the party’s principles.

    “We refused their terms because we cannot betray our principles. We refused because we stand with Malawians, not with politicians who only want power for themselves,” he said.

    The party is positioning its presidential candidate, Dr. Dalitso Kabambe, as the solution to Malawi’s economic challenges. Njawala highlighted Kabambe’s credentials as an economist capable of addressing the nation’s financial crisis.

    UTM has promised to deliver “affordable fertilizer, good security, jobs and justice” to Malawians, claiming to have developed these solutions after extensive consultation across the country.

    UTM is drawing confidence from its 2019 electoral performance, when the party secured 21% of the vote, representing over one million Malawians. Njawala expressed optimism that this base could propel the party to victory.

    “If all of us who stood for SKC [the late Dr. Saulos Chilima] in 2019 do it again this time around, adding just a few numbers, we will be number one,” he said. “Do not be deceived by the talks of big parties. In 2019, no one party reached 2 million votes, which means they are not big, but they are simply old.”

    The September 16 elections come after five turbulent years marked by economic difficulties, natural disasters, and the tragic death of Vice-President Saulos Chilima, UTM’s founder. Current President Lazarus Chakwera is seeking re-election, with his main challenger being former President Peter Mutharika.

    Malawi’s 7.2 million registered voters will participate in three simultaneous elections. The presidential race features 17 candidates vying for the top office, while 229 constituency seats are being contested in parliamentary elections. Additionally, 509 councillor positions are available in local government elections.

    The Malawi Electoral Commission (MEC) has confirmed that all ballot papers have been delivered and are being stored under 24-hour police guard. MEC Chairperson Annabel Mtalimanja announced that distribution to district and city commissioners’ offices would proceed in phases this week, with police escorts ensuring security before final deployment to polling centers.

    The elections represent a crucial moment for Malawi, with UTM positioning itself as a fresh alternative to what Njawala called the “so-called big parties,” promising to surprise voters with its grassroots approach and economic expertise.

  • Presidential debate turns into love fest 

    Presidential debate turns into love fest 

    By Lawrence Develious Kaunda:

    Presidential candidates Atupele Muluzi of United Democratic Front (UDF) and Dalitso Kabambe of UTM turned last night’s presidential debate into a love fest, agreeing on almost every major issue instead of clashing over policies.

    They only disagreed on electricity where Kabambe pledged that by 2030, all Malawians would be connected to electricity, which Atupele said was impossible.

    However, the two found common ground on sending youth abroad to work.

    Both acknowledged the benefits of remittances for the economy.

    Kabambe said: “Our government will ensure that those going abroad are highly skilled, so they bring back value to the country.”

    Meanwhile Muluzi emphasised on domestic solutions, saying,“We need to create jobs here at home so our young people are not forced to leave.”

    On the economy more broadly, both blamed poor leadership for Malawi’s challenges.

    Kabambe also made a populist pledge, promising that a 50kg bag of fertiliser would cost K50,000 under his administration.

    The debate was originally set to feature President Lazarus Chakwera and former president Peter Mutharika, but both were absent.

    Joyce Banda, who appeared in the last debate, did not participate this time, leaving the stage to Kabambe and Muluzi.

    The two candidates also had advantage of the stage to exchange compliments.

    Kabambe said of Muluzi: “Atupele is a man of integrity and impeccable credentials. Malawi needs leaders like him.”

    Muluzi returned the favour saying Kabambe was a man of excellence,”his expertise and track record speak for themselves.”

  • Indus Towers to Enter African Markets

    Indus Towers to Enter African Markets

    Indus Towers Limited, India’s leading provider of passive telecom infrastructure, has announced plans to expand beyond its home market, marking a significant step toward becoming a multinational enterprise.

    At a meeting held on Tuesday, the company’s Board of Directors approved a strategic foray into Africa, beginning with Nigeria, Uganda, and Zambia. The move comes as part of Indus Towers’ long-term growth strategy to tap into high-potential emerging markets.

    Prachur Sah, Managing Director & CEO of Indus Towers, described the decision as a transformative step.

    “These markets offer attractive prospects for revenue diversification, operational scalability, and long-term value creation. The decision will leverage our strong financial base and anchor partnership with Bharti Airtel to establish a competitive presence across the region”, he said.

    Sah added that the Board’s approval to enter international markets in Africa unlocks the company’s vision for long-term sustainable growth and value creation for its shareholders.

    ”By leveraging our expertise in delivering innovative and cost-effective solutions, we are well-positioned to differentiate ourselves in Africa’s fast-growing telecom market and emerge as the preferred tower company,” Sah added.

    Indus Towers further indicated that its expansion aligns with the Government of India’s broader vision of encouraging domestic enterprises to go global.

    Beyond the initial three countries, the company plans to explore opportunities in other African markets where Bharti Airtel already has an established footprint including Malawi.

    The rollout remains subject to regulatory approvals and compliance with local laws, with further disclosures to be made as developments progress.

    Indus Towers currently operates one of the world’s largest telecom tower portfolios, managing 251,773 towers across India’s 22 telecom circles. Known for its industry-first green energy initiatives, the company supports all wireless telecommunication service providers in India.

  • Usi chides Chakwera on promises 

    Usi chides Chakwera on promises 

    By Lawrence Develious Kaunda:

    Vice President Michael Usi has publicly taken a swipe at President Lazarus Chakwera over what he described as unfulfilled promises and delayed action against corruption.

    Speaking at Nathenje in Lilongwe during his campaign trail, Usi responded to Chakwera’s yesterday’s national address in which the President claimed some individuals were sabotaging his government.

    “I said there is corruption, and the President yesterday agreed with me. But the question is, where are these people? He is seeing them and failing to act, saying he will fire them next week,” Usi said to loud applause, whistles and ululations from his supporters that thronged the M1 road.

    In a televised address delivered nocturnally from Sanjika Palace in Blantyre around 8 p.m., Chakwera asked Malawians to forgive him, saying the ongoing fuel crisis had been deliberately created by some officials at the National Oil Company of Malawi (Nocma).

    “The officials intentionally frustrated the timely importation of fuel to make my administration fail and to benefit from kickbacks,” Chakwera said, adding that motorists had been unfairly caught in the crossfire of a fight against corrupt interests.

    The President vowed to fire the officials implicated at Nocma, but only after the September 16 General Election.

    Usi, however, criticised the timing, questioning why the action should wait until after the polls.

    “Are you sure you will be the one elected? We are many in this race. How do you know Malawians will choose you? Let the thief be arrested today, not tomorrow,” Usi charged.

    The VP further criticised Chakwera on other campaign pledges including fertiliser which Chakwera said now pegs AIP at K15,000 for a 50kg bag and K90,000 for organised clubs, down from K160,000—a move many Malawians have already ridiculed on social media.

    His remarks signal an open rift at the top of government, with Usi positioning himself as both a critic and challenger to his own boss ahead of the elections scheduled for September 16.

  • FDH graduate start-ups yield 100% pass rate

    FDH graduate start-ups yield 100% pass rate

    Mulanje-based Rise and Shine Primary School, established under the FDH Bank plc Graduate Start-Ups Programme, has achieved a 100% pass rate in the 2024/2025 Primary School Leaving Certificate of Education (PSLCE) examinations, just two and a half years after opening its doors.

    The school enrolled 21 candidates, all of whom passed, with 12 securing places in national secondary schools.

    Commenting on the milestone, FDH Bank plc Deputy Managing Director, George Chitera, said the success reflects the Bank’s commitment to empowering graduates and communities through its Graduate Start-Ups initiative and the broader FDH Bank plc Cares Sustainability Program.

    “When we speak about championing growth and building a sustainable Malawi, these are the initiatives we are happy to grow and support and watch both the students benefit as well as the administrators of the schools. We are really impressed with the fruits of this project,” he said.

    Chitera also pointed out that the Bank has added two more projects to the Graduate Start up program with Green Gold, a business that produces vegetables in Lilongwe and Livesmart Furnitures, a business focusing on producing quality locally made furniture.

    Speaking on behalf of the school, one of the founders and directors, Vincent Kambuku, said that the school is proud of the strides it has made since opening.

    “We are happy with the exponential growth of the school since inception, and this 100% pass rate milestone is not only a testament to the hard work we put in, but also our passion and commitment towards the provision of quality education in Malawi.”

    “We received financial support from FDH Bank Plc at the beginning, and we still receive a lot of technical support from the team at the Bank, which has sharpened us to develop fast and meet our objectives,” said Kambuku.

    Rise and Shine Primary School is one of the successful entrepreneurial ideas from the collaborative partnership between FDH Bank Plc and Malawi University of Business and Applied Sciences (MUBAS) aimed at supporting the Malawi2063 and UN Sustainable Development Goals through the provision of a platform for new graduates to pitch business ideas for funding and growth.

     

  • MEC loses case against UTM candidate, ordered to list him back

    MEC loses case against UTM candidate, ordered to list him back

    High Court judge Madalitso Khose-Chimwaza has ruled that the Malawi Electoral Commission (MEC) wrongly disqualified UTM candidate for Nkhotakota Liwaladzi constituency, Daniel Binda, and has ordered for his inclusion amongst contestants.

    MEC disqualified Binda because he paid nomination fees under the category of a youth, when he was not.

    Binda is 35 years old. The revised National Youth Policy of 2023-2028 defines youth as all persons from the age of 10 to 35 years regardless of their sex, race, education, culture, religion, economic, marital and physical status. However, MEC defines a youth as someone who is less than 35 years old.

    Through his lawyer Khwima Mchizi, Binda challenged the decision arguing that MEC did not inform him during both pre-inspection and after nominations presentation of the anomaly.

    “We argued that MEC has a legal obligation to inform candidates of any anomaly during the nominations pre-inspection exercise and during the nominations presentation, but this did not happen. They just informed him of the disqualification. If they had informed him at the right time, the mistake would have been corrected.

    “So, the court has agreed with us and has ordered MEC to include him on the list of the contestants. What it means is that Binda will just top up the fees,” said Mchizi in an interview.

    There was no immediate reaction from MEC as we went to press.

    The order comes hours after MEC received a final consignment of ballot papers for the forthcoming elections

  • Katakwe wins new Mazda Demio in *474# Win Big Promotion

    Katakwe wins new Mazda Demio in *474# Win Big Promotion

    A Lilongwe based Precious Katakwe became the fifth winner of the  new Mazda Demio in *474# Win Big Promotion.

    Speeking during the vehicle handover ceremony on Sunday, Katakwe said that he participated 45 times with the hope of winning.

    “I am very happy to be one of the winners of the Mazda Demio. Even though I missed earlier chances, I kept on participating until today when I m getting what I have been longing for,” said the 28 year-old IT specialist who resides in Area 49.

    Katakwe encouraged those who want to win different prizes in the ongoing promotion to continue participating.

    Promotion influencer Hanareen Doness urged Malawians to take part, saying the competition is credible.

    “I am excited to be part of this competetion. Everything is real, we have to believe it, it’s really happening .  We are here to present a fifth prize , and there are many more to be won. People should keep playing,” she said

    Already, over 5,000 winners have walked away with life-changing prizes in the *WinBig 474# Life-Changing Promotion — from cash, motorbikes, TVs, and phones, cars. And the excitement only keeps growing!

    To enter into the promotion, participants should  dial *474# today, play, and step closer to becoming our next success story.

     

  • UTM courtesy to Vice President Usi 

    UTM courtesy to Vice President Usi 

    By Thando Mkwapatira:

    As Vice President Michael Usi was addressing supporters in Ntandile, Lilongwe on Sunday, a surprise gesture from the nearby UTM supporters caught everyone’s attention. They voluntarily turned off their sound system, allowing Usi’s supporters to hear his words without interruption.

    Usi, a presidential candidate for the Odya Zake Alibe Mulandu party in the forthcoming general elections, was conducting a whistle-stop tour in the city when he came across the UTM supporters in Ntandire.

    As the UTM parade approached the vicinity of Usi’s campaign rally, the supporters, in a show of respect and solidarity, voluntarily turned off their sound system.

    This considerate gesture allowed Usi’s supporters to hear their leader’s words without interruption, fostering a sense of unity among all present.

    Usi, touched by this display, took a moment to commend the UTM supporters for their thoughtfulness.

    “I appreciate your consideration,” he said. “This gesture speaks volumes about the kind of leaders we aim to be, who prioritize the people’s needs and respect our fellow citizens.”

    The crowd erupted in applause as Usi continued his speech. By turning off their sound system, the UTM supporters had inadvertently become part of Usi’s rally, demonstrating that politics doesn’t have to be divisive.

    This moment of mutual respect and understanding was a testament to the potential for collaboration and unity in Malawi’s political landscape.

     

  • Lilongwe’s Al Baddar Shop closed for overpricing cement  

    Lilongwe’s Al Baddar Shop closed for overpricing cement  

    The Ministry of Trade and Industry has shut down Al Baddar Shop in Lilongwe for selling cement at prices far exceeding government-set limits, highlighting ongoing concerns about price manipulation in Malawi’s construction materials market.

    The shop was closed on September 3, 2025, following thorough investigations by ministry officials into cement pricing practices. The closure represents part of broader government efforts to ensure fair pricing of essential commodities.

    According to the ministry’s press release issued on September 5, the trader was supplied cement through the government’s forex initiative at an agreed price of K26,000 per 50kg bag. However, investigations revealed the shop was selling the same cement to consumers at K43,000 per 50kg bag – a markup of over 65% above the agreed price.

    The government’s forex initiative was designed to help stabilize cement prices by providing favorable exchange rates to importers, with the understanding that these savings would be passed on to consumers.

    The ministry warned that such pricing practices violate the Competition and Fair-Trading Act (CFTA), specifically Section 51(q), which prohibits excessive and exploitative pricing. Businesses found guilty of such violations face monetary penalties of up to 10% of their gross annual turnover.

    “The Ministry, therefore, strongly warns any distributors and traders against overpricing of the imported product,” the press release stated, emphasizing that authorities will continue monitoring the market alongside the Competition and Fair-Trading Commission.

    The closure of Al Baddar Shop signals the government’s commitment to protecting consumers from price exploitation. The Ministry of Trade and Industry, working with the Competition and Fair-Trading Commission, has implemented market surveillance exercises to monitor pricing practices across the construction materials sector.

    The government has called on the public to remain vigilant and report suspected cases of unfair trading practices through the toll-free line 2489.

    The cement industry plays a crucial role in Malawi’s construction and infrastructure development sectors. Price manipulation in this market can significantly impact both individual consumers building homes and larger construction projects essential for economic development.

    The government’s intervention comes as authorities work to restore market sanity and ensure that benefits from favorable government initiatives reach ordinary consumers rather than being absorbed by traders seeking excessive

  • NBM plc half-year profit doubles to K84.1 billion

    NBM plc half-year profit doubles to K84.1 billion

    National Bank of Malawi (NBM) plc has announced a remarkable financial performance for the six months ending 30 June 2025, recording a profit after tax of K84.1 billion, representing a 100 % increase from K42.1 billion reported during the same period in 2024.

    In a statement signed by Chief Executive Officer (CEO) Harold Jiya, Chief Financial Officer Daniel Jere and Directors Grant Kabango, and Madalo Mwenelupembe, the Bank attributed this impressive growth to a surge in customer deposits, expansion of its loan portfolio, strong investment in fixed income securities, and gains from capital appreciation of listed equity investments.

    “Customer deposits increased by 50 %, compared to 30 % in 2024, while the Bank’s loan book registered a 23 % increase. Investment in fixed income securities grew by 67 %, contributing to a 47 % growth in net revenue.”

    “Other income also rose significantly, increasing by 52 % from K50.5 billion to K77.0 billion, largely driven by profits on foreign exchange dealings linked to agricultural contract farming loan financing schemes.”

    “Operating expenses were tightly controlled, growing by just 7 %, well below inflation, reflecting the Bank’s effective cost containment measures. However, credit impairment charges rose by 51 %, from K8.4 billion to K12.7 billion, due to challenging macroeconomic conditions that affected financial investments and loan quality,” reads the statement in part.

    The statement also highlights that all subsidiaries posted profits except Akiba Commercial Bank (ACB) in Tanzania, which nevertheless showed improvement by reducing its losses to K0.8 billion from K2.6 billion in 2024, following strategic turnaround initiatives.

    “The Bank’s shareholding in United General Insurance Company Limited (UGI) declined slightly from 57 % to 55 %, due to a shareholder subscription exercise completed during the review period,” reads the statement.

    NBM plc has also acknowledged that the operating environment remains challenging, with the IMF revising Malawi’s 2025 economic growth forecast downwards to 2.4 % from 3.2 %, while the World Bank projected 2.0 % and the African Development Bank 3.0 %.

    “Inflation closed at 27.1 % in the second quarter, down from 30.5 % in the first quarter, with food inflation easing but non-food inflation rising due to higher tariffs and speculative pressure on the Malawi Kwacha. The Kwacha traded at K1,751 per US Dollar on official markets, while weakening further in informal markets,” reads part of the statement.

    The Bank cautioned that risks such as global economic slowdown, geopolitical conflicts, persistent inflationary pressures, foreign exchange shortages, La Niña-induced weather patterns, and fiscal pressures linked to the 2025 tripartite elections could weigh heavily on the economy.

    “The Bank has confidence in sustaining strong results through resilience and the ability to leverage core strengths,” reads the statement in part.

    Commenting on the announcement, renowned motivational speaker and motivator, Benedicto Bena Nkhoma, said shareholders should be pleased by the results.

    “The Bank’s performance on all metrics is great. The Bank has also consistently paid dividends, signalling great capital ratios and liquidity ratios. As the number one Bank, it has cemented its leadership position in the market.”

    “In addition, the reduction in losses at Akiba Bank is a great relief and a boost to the Bank’s regional expansion, as it can now replicate this across the region,” said Nkhoma.

    The NBM plc Board also declared an interim dividend of K16.64 billion, up from K13.0 billion in 2024, representing K35.64 per share compared to K27.84 per share in the previous year.

    The dividend will be paid in October 2025.