Malawi Improving In Financial Sector Activities­- RBM

The Reserve Bank of Malawi (RBM) says over the last ten years, the demand and use of various financial services has continued to register an encouraging upward movement. This is because, a lot of people living in both urban and rural areas have started to practice a saving culture and are engaging themselves in various financial activities.

RBM’s Deputy Governor responsible for Supervision Dr. Grant Kabango said this as Malawi begins 2014 National Financial Literacy Week being commemorated under the theme ‘Financial Literacy: Building a Financially Literate Nation’. And the week has been launched on Monday at Community ground in Lilongwe.

Mutharika Appoints 9 On Diplomatic Mission; Mhone, Mhura, Mussa among the list.

The Malawi leader Professor Peter Arthur Mutharika has appointed nine new officers who will be representing the country as Ambassador's and High Commissioners.

The appointees includes one of the prominent lawyer Necton Mhura, Voice Mhone a former  chairperson for the Council for Non-Governmental Organizations in Malawi (CONGOMA), and Democratic Progressive Party's (DPP) Vice President for the Eastern Region and former  Zomba Central Constituency parliamentarian Yunus Mussa.

Cashgate; Makande, Chioko On Bail

The Lilongwe Chief Resident Magistrate Court has granted bail to Hophmally Makande on Money Laundering charge.

Makande is being represented by Ralphael Kasambara and has been formerly charged with aiding laundering of K2.1 Billion stolen by Paul Mphwiyo and other suspects.

According to the charge sheet the accused "between months of April and September 2013 aided Paul Mphwiyo, Michael Mphatso, Maxwell Namata, and Leonard Kalonga to launder K2.1 billion"

Cashgate: Christopher Tukula Granted Bail

The chief resident Magistrate court in Lilongwe has granted bail to Christopher Tukula a Asset Declaration Director who was arrest by ACB.

Tukula has pleaded not guilty to all two charges that ACB has formerly charged him.

Mr. Paul Mphwiyo and his wife Thandie are still in the same court waiting on their formal charge.

Cashgate: ACB Arrests Hophmally Makande In LL

The Anti-Corruption Bureau has today, 21 October, 2014, arrested Peoples Party official, Mr. Hophmally Makande.

According to ACB statement Mr. Makande has handed himself over to the Bureau in Lilongwe after he heard that ACB officers were looking for him in Blantyre.

Mr. Makande has been arrested for a suspected charge of conspiring to defraud Government contrary to Section 35 of the Corrupt Practices Act.

This arrest ACB says is in relation to the ongoing investigation into cash gate.

According to the bureau "He will be taken to Court after the Bureau has recorded a caution statement from him."

Last week alone ACB arrested Mr. Christopher Tukula, Asset Declaration Director and the former Budget Director Mr. Paul Mphwiyo and his wife Thandie.

Malawi Consumer Price Indices For September Stands At 23.7%

The National Statistical Office (NSO) has announced that the headline inflation for September 2014 stands at 23.7 percent compared to the headline inflation of 21.7 percent point from same period last year (September 2013).

This is a decline of 0.8 percent from last month (August 2014)before the inflation rate was 24.50 in August 2014 where Non-Food: 25.80 to Food: 24.00

According to NSO statement "The urban and rural rates stand at 30.9 percent and 19.8 percent respectively. Overall, food inflation stands at 22.7 percent from 24.1percent in August 2014."

New Book 'Kholo La Ngwiro' To Support Govt Efforts On Parenting

Ebba Gondwe shaking hands with McKnight Kalanda

The Ministry of Gender, Children, Disability and Social Welfare says the new book Kholo La Ngwiro will go a long way in supporting the ministry's efforts on its programmes that targets parents.

Kholo La Ngwiro a Chichewa Book authored by Ebba Eunice Gondwe, is a Kachere Series Publication which focuses on parenting.