Malawi phone operators want tariff controls out

 

Telephone operators have expressed concern over a law which gives powers to government to control tariffs, saying this was retrogressive.

The Communications Act gives powers to Macra to control tariffs.Association of Telecommunication Operators Ltd president Charles Kamoto  said this when the association members appeared by parliament’s Media Committee. Kamoto  defended the high tariff rates, saying this was just a perception—arguing the prices are far much lower forcing the

operators make marginal profits.

Taxi operators plying their trade around Blantyre Flea Market have recently become a cause for concern for fueling congestion around the commercial city’s hub of business operations.

The lorries and trucks currently operating at the rank block traffic for extended periods with pedestrians also being at risk of being run over by vehicles.In the past few months, the taxi operators who operate at the taxi rank which is across the road from the Flea Market have increased in number with others introducing heavy duty vehicles such as trucks and lorries against the city’s plans.

Economics experts caution government on inflation ease of 9.3%.

Malawi Inflation eased to single digit: Now at 9.3% from 37.90% in Feb 2013

 

Written by  Daniel T. Mughogho

 

With the good news of malawi inflation rate hitting a single digit Malawians economy future looks promising as ever before.

 

This is in comparison to the headline inflation of 22.8 percent for the same period last year (August 2016). 

 

Prophet Bushiri new hotel construction in SA attracts billionaires from South Korea

A team of South Korean billionaires and investors has described Prophet Shepherd Bushiri as one of Africa’s biggest success story both as a man of God and an investor.He added that he was impressed with the hotel construction and the entire dream that Prophet Bushiri has.

“We are business people and investors. We have read so much about Prophet Bushiri’s ministry and investments so we came to meet him and see what he is doing. Africa is lucky to have such a man; our prayer is that the continent should have many of his dream to develop,” he said.

Standard Bank of Malawi has set aside K120 million for needy students in Public Universities.

Mr. Frank Chantaya Head of Corporate and Investment Banking said the move is aimed at playing a part in ensuring that more needy students access university education.

Education Minister Bright Msaka was all praises to the gesture by the Bank.

Msaka said government allocated billions of kwacha for the needy students corporate partners need to come in.

The hike in University fees caused uproar from parents to student via activists.

Nevertheless, the fees were hiked and somebody has to pay close a million kwacha to access university education per semester.

Farmer wins FMB’s K1.5 million

Lilongwe- based tobacco farmer, Malata January, has emerged winner of the K1.5 million grand prize in FMB’s Mg’odi wa Makwacha promotion.

The promotion was aimed at encouraging farmers to open accounts with the bank, to use when receiving proceeds from their tobacco sales.

According to FMB Agri- Business Manager, Gomezgani Kakhuta, the promotion was launched to thank the farmers for their loyalty to the bank.

Economists upbeat on growth prospects

Economic commentators are optimistic that the economy will continue to be stable and may soon start to grow if the Reserve Bank of Malawi (RBM) takes a lead in setting relevant macro-economic policies.

Former Executive Director of the Economics Association of Malawi, Nelson Mkandawire, said that if there is a strong coordination between the government and RBM, the economy may continue to move on a positive trajectory.

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