Wednesday, 26 April 2017

With almost two years left to the deadline of the projects under the compact, there are fears over the fate of the Millennium Challenge Account-MCA.

Some believe that Malawi’s programme will be terminated once President-elect Donald Trump officially takes over the US on the twentieth of this month.

Malawi and the United States of America signed a USD350 million pact towards improving the local power sector.

Representatives of MCA are giving assurances that the change of leadership in the US will not affect the current compact.

Responding to such fears, Deputy Chief Executive Officer of MCA-Malawi Lameck Mithi disclosed that pullout decisions are not made amidst a progressive pact.

Mithi added that the funds were already approved in the Millennium Challenge Compact’s-MCC budget under the Obama administration.

He was however quick to point out that, what Malawi should be worried about is whether it will be able to qualify for the next compact.

Meanwhile, construction works under the MCA-M’s infrastructure development program are in progress. 

Nokia-branded mobile phones are on sale, once again, and being marketed on the Finnish company's website.

Barely three weeks after armed robbers broke into an Airtel Malawi shop, had unknown thieves on Saturday attempted to steal from the building that houses Opportunity International Bank of Malawi (OIBM) in Karonga district.

The management of fruit processor Malawi Mangoes is dismissing reports that its investors are pulling out.

Players in the private sector are being challenged to improve the quality of their goods if Malawi is to realise its dream of increasing exports.

The Institute of chartered Accountants in Malawi (ICAM) has recognized three citizens in business and economic sectors as the most influential in the growth of the economy. 

Local and foreign business entities will have a chance to impress to a large audience with their products and services through an initiative by the Malawi Investment and Trade Centre –MITC.

Representatives of the National Association of Small and Medium enterprises- NASME have sought the financial assistance of regional economic groups, following the country’s declining economy.

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