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ACB, FIA close in H Adams Wholesalers over Money Laundering, Tax Evasion

ACB, FIA close in H Adams Wholesalers over Money Laundering, Tax Evasion

The Anti Corruption Bureau (ACB) and the Financial Intelligence Authority (FIA) have finalised investigating SH Adam Wholesalers over money laundering and illegal business transactions encountered over the past decade. This follows a written tip by Human Rights (HRDC) which went viral exposing allegations of illegal dealings perpetrated by S H Adam Wholesalers. Among many companies […]

SEX SPREE AT RAINBOW TV:Prophet Bushiri’s Brother Apostle Misheck Fu** Presenter

SEX SPREE AT RAINBOW TV:Prophet Bushiri’s Brother Apostle Misheck Fu** Presenter

Sex Spree has engulfed Prophet Shepard Bushiri’s Rainbow Television as Bushiri’s brother Apostle Misheck has been caught with pants down fucking a female presenter Katherine Phiri in exchange of favor. A Leaked whatsapp conversation in our custody revealed that Apostle Misheck has been enjoying Katherine’s forbidden fruit times without numbers despite him being a married […]

CDEDI challenges indigenous business operators to keep economy from sinking

CDEDI challenges indigenous business operators to keep economy from sinking

Watipaso Mzungu The Centre for Democracy and Economic Development Initiatives (CDEDI) has challenged native small and medium business operators to step up their operations to save the economy from an imminent collapse as refugees and asylum seekers relocate to Dzaleka Refugee Camp. The human rights watchdog has also asked the Malawi Government to consider integrating […]

FDH Bank plc partners iT Centre in appliances deal

FDH Bank plc partners iT Centre in appliances deal

FDH Bank plc has partnered iT Centre and Smart Zone to enable customers purchase appliances through a flexible payment plan. The arrangement will allow FDH Bank customers to purchase electronic appliances of their choice and pay through monthly instalments over a period of 24 months. FDH Bank Marketing and Communication Manager, Ronald Chimchere said the […]

CDEDI dares Registrar of Political Parties on sources of party financing information

CDEDI dares Registrar of Political Parties on sources of party financing information

By Watipaso Mzungu The Centre for Democracy and Economic Development Initiatives (CDEDI) has written the Registrar of Political Parties, demanding disclosure of information on source of financing for major political parties in Malawi. In the letter to the registrar on Tuesday and signed by CDEDI executive director Sylvester Namiwa, the organization demands that the declaration should be […]

NBS BANK PARTNERS WITH IT CENTRE ON SMART FINANCE

NBS BANK PARTNERS WITH IT CENTRE ON SMART FINANCE

NBS Bank plc has partnered with IT Centre Limited, a leading ICT products and solutions company in the country, in a bid to help customers purchase various electronic equipment for their homes or businesses with the introduction of Smart Finance facility. Through this facility, loans will be granted to individuals and corporate customers for the purpose […]

High Court Throws out Piksy’s Injunction against Moyo Madzi

High Court Throws out Piksy’s Injunction against Moyo Madzi

The High Court, Commercial Division sitting in Blantyre has discharged an injunction which musician Evans Zangazanga famed ‘Piksy’ obtained against Everest Industries, proprietors of bottled water branded Moyo Madzi. Piksy obtained an injunction from the commercial division of the High Court alleging that Moyo Madzi was a bogus product passing off as his product called […]

FMB GROUP REPORTS US$21 MILLION PROFIT

FMB GROUP REPORTS US$21 MILLION PROFIT

FMBcapital Holdings Plc (FMBCH), the holding company for First Capital Bank operations in Africa has posted an after tax profit of US$ 21.3 million for the year ending December 2020 coming from a loss of US$18.6 million in the previous year. The Group’s subsidiary banks located in Botswana, Malawi, Mozambique, Zambia, and Zimbabwe had a […]