Premier mobile telecoms network service provider TNM continues to realise an increase in net profit from operations. In the first half of 2014, the company reported a significant jump by 230 percent in net profit after tax, published results for the six months ended June 30, 2014 showed Wednesday. A statement accompanying the half-year results […]
President Peter Mutharika is to decide on whether it is necessary to keep or disband the High Level Development Council, chaired by Professor Matthews Chikaonda which was established by former president Joyce Banda. Finance Minister Goodall Gondwe said the fate of the multi-sectoral body, formed on January 9 2014, to deliberate and advice on national […]
Group Chief Executive Officer of conglomerate Press Corporation Limited, Matthews Chikaonda has tipped the Peter Mutharika government to conduct a complete overhaul of financial management systems in government. Chikaonda, a former Malawi minister of Finance and Economic Planning and Development, speaking at the two day Association of Business Journalists (ABJ )Annual General Meeting held in […]
The Institute of chartered Accountants in Malawi (ICAM) has voted human rights activist, John Kapito as the country’s Most Influential Person of the year for his leading role on issues of economy ahead of renowned economists and entrepreneurs. Kapito, Executive Director for Consumers Association of Malawi (Cama), received more nominations from ICAM members published in […]
Press Corporation Limited (PCL) chief executive officer, one of Malawi’s leading business entities has said Malawi is facing a challenge of growth and a sustained crisis of demography. Chikaonda, who was recently appointed by the President Joyce Banda to head one of her advisory think tanks, High Level Development Council, speaking during a dinner that was […]
Group Chief Executive for Press Corporation Limited, Professor Matthews Chikaonda, who was appointed by President Joyce Banda to be chair of High Level Development Council (HLDC) has described the council as independent and non-partisan. The council comprises 24 members which include Abdul Gaffar Jakhura, Blessings Chinsinga, Paramount Chief Kyungu, Dr Charles Mwansambo, Sam Kakhobwe, Dr […]
Democratic Progressive Party (DPP) has trashed economist Mathews Chikaonda and challenged him to bring forth evidence that plundering of government funds started in 2005. DPP suspects that Chikaonda – a former Malawi minister of Finance and Economic Planning and Development- may have “eaten buns” from President Joyce Banda to twist facts and divert the attention […]
Members of the Malawi’s private sector met President Joyce Banda and some of her cabinet at Kamuzu Palace in Lilongwe on Monday afternoon over the ” Cashgate” scandal and said they were impressed with measures government has put in place to arrest the situation. Speaking to journalists soon after the closed door talks, Group Chief Executive Officer […]
President Joyce Banda’s credibility was on line over corruption, opposition Malawi Congress Party (MCP) spokeswoman Dr Jessies Kabwila has said. Kabwila said Banda’s credibility was at stake following the financial scandal involving looting, theft and corruption at Capital Hill, the seat of government christened as cashgate. “Ask any Malawian, he will tell you we are […]
The board of directors for National Bank of Malawi (NBM) says the bank has raked in an 85 percent net profit increase for the half year period ended June 30, 2013, representing K6.3 billion up from last year’s K3.4 billion. This is contained in National Bank’s summary of unaudited interim results authorised by chairman Mathews […]
Professor Mathews Chikaonda, as Board Chairman of Telekom Networks Malawi (TNM), and non-Executive Directors have awarded themselves 125 remuneration hikes, which has been approved with reservations by shareholders at the company’s annual general meeting on Thursday. Following the approval, now Chikaonda will be pocketing K2, 250,000.00 per annum from K1, 000, 000.00 with his meeting […]
Minister of Finance Ken Lipenga has cleared what he calls “misunderstanding” on an exchange rate system, saying it is currently determined by market forces of supply and demand. Recently, a former minister of Finance as well as Economic Planning and Development and ex-Reserve Bank of Malawi (RBM) governor, Professor Matthews Chikaonda during a public debate […]
Malawi economy will take at least five years to fully recover, Minister of Economic Planning and Development, Goodall Gondwe said on Wednesday at a news conference in the capital Lilongwe. Gondwe denied assertions that government had said it would implement the Economic Recovery Plan (ERP) in 18 months time, saying is Malawi facing at least […]
Press Corporation Limited (PCL) chief executive officer and former finance minister Professor Mathews Chikaonda added weight to accusations by Business Consult Africa (BCA) Managing Director Henry Kachaje that the Joyce Banda administration is running the government childishly. Kachaje said in the capital Lilongwe during a debate that discussed the progress of the Economic Recovery Plan […]
Malawi’s renowned economist professor Mathews Chikaonda is asking government authorities to put up strong measures that wound see Malawi move away from donor dependence for its economic growth. In his presentation at the all-inclusive stakeholders’ Conference in Blantyre organized by Public Affairs Committee (PAC) which ended Wednesday, Chikaonda said its high time Malawi should tell all […]
The corporate battle rages on. The Malawi Communications Regulatory Authority (Macra) has hit back to a host of ‘unpalatable’ issues Press Corporation boss Professor Mathews Chikaonda observed on the operations of the state owned ICT regulator. Chikaonda stirred the hornet nest on 24th July, 2012 during the official opening of the National Bank of Malawi Towers […]
“Anybody can become angry- that is easy but to be angry with the right person and to the right degree and at the right time and for the right purpose and in the right way-that is not within everybody’s power and is not easy”—Aristotle-philosopher, 4th century . BC Aristotle might have been thinking about people like […]
Group chief executive officer for Press Corporation Limited (PCL), professor Mathews Chikaonda has again hit at the Malawi Communications Regulatory Authority (Macra) over controversial ‘spy machine’. Just days after labelling the regulator a political condom, the economic expert has lashed out at the institution saying it has no legal authority to implement the infamous ‘spy […]