Published: August 31, 2010
‘Stop stealing from the poor’ Central Bank boss tells banks |
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Reserve Bank of Malawi (RBM) Govenor, Dr. Perks Ligoya had no kind words for Microfinance Institutions operating in Malawi warning them to stop stealing from the poor. He was addressing a hoard experts and chiefs from the lending institutions from across Malawi in Lilongwe on Microfinance Transparency. “I want you to stop reaping off the [...]
Published: August 31, 2010
Zain Malawi reduces service, product charges |
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Zain Malawi has reduced the charges for some of its services and products. The company has launched discounted tariff rates by 46% from peak-hour as well as reduced sim-card prices by 35% According to Zain marketing director Enwell Kadango, the reduction is part of the company’s ongoing quest to provide affordable services to Malawians across [...]
Published: August 13, 2010
G-Mobile’s only one antenna arrives for network rollout |
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Malawi’s third mobile operator licensee, Globally Advanced Integrated Networks Limited (G-Mobile) has G-Mobile has started deploying infrastructure for a wireless network but Nyasa Times has established that the equipment which has arrived is only one antenna. The press reported that G-Mobile has started network deployment after Malawi Communications Regulatory Authority (Macra), slapped them with a [...]
Published: August 7, 2010
C-Mobile uses Malawians as fronts for 4th cell licence |
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Comium Malawi, also known as C-mobile who are expected to be given the 4th mobile licence fronted Malawians to win the bid as they do not appear anywhere as shareholders, Nyasa Times investigations have revealed. The shareholders of C-Mobile which has links to Lebanon are Nizar Dalloul, Ali Dalloul, Joumana El-Sheikh and Lana Ali Ahmad. [...]
Published: July 30, 2010
Malawi cuts bank rate to 13% |
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The Reserve Bank of Malawi (RBM) has reduced the rate at which the commercial banks borrow from the central bank- from 15 percent to 13 percent. The bank says this decision has been arrived at the 3rd meeting of this year of the Monetary Policy Committee after a good progress in the reduction of inflation [...]
Published: July 29, 2010
Chilima to head Airtel in Malawi |
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Malawian marketing guru, Saulosi Chilima has been appointed managing director for Bharti Airtel, formerly Zain Malawi. The rebranding of Zain Malawi to Bharti Airtel is expected to take place between September and October this year alongside all Zain African operations that Kuwaiti Telecoms has sold off to Bharti. CEO for Bharti Airtel, Manoj Kohli, said in [...]
Published: July 28, 2010
Gondolosi demand high on Malawi website shop |
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Malawi’s only online store is being flooded with special requests for items such as Gondolosi (herbal aphrodisiac), Mikanda (waist beads) and Kondaine (love potion concoctions). Other hot items being requested are Kamba Puffs from Universal Industries, Marie’s Hot sauce, Nali, Malawi Gin and Brandy, an official from the online store told Nyasa Times. The majority [...]
Published: July 28, 2010
TNM to charge services in Kwacha |
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The TNM mobile operator will now start charging for its services in kwacha with effect from the 1st of August, 2010. TNM head of commercial Charles Kamoto told a media conference in Blantyre on Thursday that the change will not affect the tariffs. He asssured that the current tarrify will not be increased. “The price [...]
Published: July 25, 2010
G-Mobile slapped with $6.9m penalty for failing to roll out |
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Malawi’s third licensed cell-phone operator G Mobile has been slapped with a penalty of $6.9 million (about K1.2 billion) by the telecommunications regulator Malawi Communication Regulatory Authority (MACRA) for failing to roll out its network. Media reports indicate that the penalty was imposed on May 20 this year and gave the firm 30 days to [...]
Published: July 20, 2010
Malawi realizes more than $300 million from tobacco sales |
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Malawi has realized over 40 billion Kwacha (US$ 300 million) since the onset of this year’s tobacco selling season which started in March. According to statistics from the Tobacco Control Commission (TCC), a government body that regulates the sale of tobacco in the country, over 150 million kilogrammes of tobacco have been sold within 18 [...]
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