Govt Quashes Introduction of K5000 Bank Note

Malawi government has clarified the intentions of introducing K5000 bank note, saying it has no intention of doing so.

 

The issue of having a K5000 bank note attracted mixed reactions from consumers and economists who argue that the move points to longer term macro economic downturn.

Minister of Finance, Economic Planning and Development Goodall Gondwe was quoted by official Malawi News Agency (Mana) that government plans to introduce a K5 000 bank note, to reduce printing costs.

Govt Suspends New traffic Offenses And Fines

Malawi government has made a u-turn on the introduction of new offenses, fees and fines for road users until wide consultations are held on the matter.

The Directorate of Road Traffic and Safety Services (DRTSS) recently adjusted by over 200 % fees and fines for road traffic services and offenses in an attempt to reduce increasing cases of road accidents largely blamed on reckless driving.

Adjusted fees were expected to be with effect from November 13.

Local Economists Rethinking Development Pillars

Economics Association of Malawi (Ecama) members are reviewing and designing new pillars for Malawi’s economic development.

Ecama members started meeting in Mangochi on Thursday in an annual conference which is coming at a time when the economy has started showing signs of stability, manifested by improved macroeconomic indicators.

Malawi Stock Exchange Best Performance In October

The Malawi Stock Exchange (MSE) recorded pleasant performance in October as reflected in the upward movement of the benchmark Malawi All Share Index (Masi).

 

MSE operations manager, Esnart Chilije told the local media on Tuesday that they expect the 13-counter market to close the year with a bullish performance.

 

According to the MSE October 2017 market performance report, Masi—the overall measure of market performance— went up from 19 920.42 points in September 2017 to 20 049.06 points registered in October 2017, giving a return on index of 0.65 percent.

HEAD OF BOARDING

Location: Blantyre
Employment Type: Full-time
Salary: N/A
Job deadline: 24th November, 2017
Company: St Andrew's International High School (SAIntS)

DONOR ACCOUNTANT

Location: Lilongwe
Employment Type: Full-time
Salary: N/A
Job deadline: 23rd November, 2017
Company: Oxfam Malawi

Good Packaging Attracts More Markets- MITC

Good product packaging is recipe of attracting more markets, Malawi Investment and Trade Centre (MITC) Chief Executive Officer, Clement Kumbemba has said.

Kumbemba speaking during a capacity- building workshop MITC organized in Lilongwe for producers and exporters across the country noted that most companies are failing to attract more markets due to poor packaging.

Poultry Farmers Oriented On Feed Making

Incubators Malawi has trained central region based poultry farmers on how to formulate locally made feeds to cut costs while maximizing profits.

Professor Timothy Gondwe from the Department of Animal Science at Bunda College of Agriculture trained the farmers at Bingu National Stadium conference room in Lilongwe.

 “Locally made feeds cut costs by 50 percent and that translates to around 40 percent increase in gross margins compared to using commercially bought feed,” Professor Gondwe said.

Accounts Officer

Location: Lilongwe
Employment Type: Full-time
Salary: N/A
Job deadline: 4th December, 2017
Company: Ayala Consulting

The Malawi Ministry of Gender is implementing Social Cash Transfer Program in partnership with Ayala Consulting to co-manage the implementation of Social Cash Transfer Program with funds coming from International Donors.This program targets to help alleviate the poor living conditions of the ultra-poor households of Malawi.

Nissan Malawi Launches New Nissan Navara

Nissan Malawi is living up to its billing of being an innovation that excites its customers. The company is launching an exciting Nissan Navara modelon Thursday in Blantyre.

 

The event will take place at the Nissan’s showroom opposite Wenela bus depot in Blantyre.  

 

Nissan Navara got its name from the ]]>Navarre]]> region of northern Spain. And the new model has been labeled as rugged and redefined.