A former Treasury financial expert has issued a blunt warning amid the growing uproar over the K128.7 billion Amaryllis Hotel deal: stop the rush to blame individuals without first understanding how public pension funds actually operate. Speaking on condition of anonymity, the expert pushed back against mounting calls—led by the Human Rights Defenders Coalition (HRDC)—for […] The post A Treasury Insider Fires Back: “Know the System Before Pointing Fingers” in K128.7 Billion Amaryllis Storm appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The Private Schools Association of Malawi (PRISAM) has appealed to the Ministry of Education to soften its hardline stance banning extra lessons during school holidays, warning that the blanket restriction risks hurting learners preparing for crucial national examinations. PRISAM General Secretary, Henry Kumwenda, said while the association understands the government’s concerns, a one-size-fits-all ban is […] The post PRISAM Urges Government to Relax Holiday Lessons Ban for Exam Students appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The Anti-Corruption Bureau (ACB) has opened a high-stakes investigation into explosive allegations that the National Oil Company of Malawi (NOCMA) awarded a fuel supply contract to a firm linked to controversial businessperson Zuneth Sattar. The probe, triggered by a formal complaint from the Centre for Democracy and Economic Development Initiatives (CDEDI), marks a new flashpoint […] The post ACB Moves In: NOCMA Fuel Deal Linked to Sattar Under Probe appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The Malawi Gaming and Lotteries Authority (MAGLA) has emphasised the need for responsible gambling advertising, saying measures introduced under Directive No. 1 of 2025 are aimed at protecting children and vulnerable groups. MAGLA Director General Racheal Mijiga told a stakeholder meeting in Blantyre on Tuesday that the directive also maintains a balance between economic activities […] The post MAGLA advocates responsible gambling advertising to protect children appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

Former State House Chief of Staff Prince Kapondamgaga has mounted a firm denial over his role in the explosive Amaryllis Hotel deal—but his testimony has only deepened the intrigue surrounding one of the most controversial multi-billion-kwacha transactions in recent memory. Appearing before the Public Accounts Committee (PAC), Kapondamgaga distanced himself from the deal, insisting his […] The post Kapondamgaga Denies Role in Explosive Amaryllis Deal as PAC Probes Deepen Governance Scandal appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The National Bank of Malawi (NBM) plc has given out K20 million towards the upcoming SKC Foundation fundraising charity golf tournament scheduled for 28 March, 2026 in Lilongwe. The SKC Foundation, established in honour of late Vice President Saulos Klaus Chilima, has organised the tournament to raise funds for the purchase of dialysis machines and […] The post NBM commits K20 million for SKC Foundation Golf fundraiser appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

FDH Bank Plc has reaffirmed its role in complementing government efforts to drive Malawi’s socio-economic development through interventions that uplift communities and support key sectors of the economy. The Bank said this during an engagement with the State President Peter Mutharika at Kamuzu Palace in Lilongwe on Wednesday, where it outlined several initiatives aligned with […] The post FDH Bank steps up support for national development appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The Secondary School Teachers Union (SESTU) has raised the alarm over what it calls systematic exclusion from crucial government negotiations on salaries and conditions of service—warning that secondary school teachers are being sidelined in decisions that directly affect their livelihoods. SESTU General Secretary, Frank Druwen Moyo, told Nyasa Times that the current representation framework is […] The post SESTU Demands Seat at the Table, Slams “Exclusion” in Government Pay Talks appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

A stunning intervention by Malawi’s financial regulators has laid bare what insiders are calling a “systemic breakdown” in oversight, after authorities confirmed that at least K72.6 billion linked to the controversial Amaryllis Hotel deal has been traced, with large portions already frozen or secured. Appearing before the Public Accounts Committee, Kaluso Chihana, representing the Registrar […] The post Regulatory Slap: RBM Traces K72.6bn in Amaryllis Deal, Fines Trustees as Compliance Breaches Exposed appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

A dramatic confrontation at Parliament has blown open the deepening crisis surrounding the Amaryllis Hotel deal, with the acting principal officer of the Public Service Pension Trust Fund (PSPTF), Boyd Hamela, accusing Daniel Dunga, chief executive of Nico Asset Managers, of misleading lawmakers over the company’s withdrawal from the controversial transaction. Appearing before the Public […] The post Explosive PAC Showdown: Pensions Fund Boss Accuses Nico CEO of Lying as Amaryllis Blame Game Deepens appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

Registrar of Financial Institutions George Partridge has delivered a strong and detailed account of how trustees of the Public Service Pension Trust Fund (PSPTF) ignored regulatory authority and proceeded with the controversial K128.75 billion Amaryllis Hotel deal. Appearing before the Public Accounts Committee, Partridge said his office had issued a clear directive ordering the trustees […] The post “Disobedience and Arrogance”: Partridge Exposes How PSPTF Defied Orders in K128.7bn Amaryllis Deal appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

Malawi is sitting on a rapidly expanding strategic mineral asset after Sovereign Metals Limited confirmed on March 18, 2026, that its Kasiya Rutile-Graphite Project near Lilongwe contains significantly more high-quality minerals than previously estimated, sharply increasing the project’s value, bankability, and global importance. The company reported a 32 percent surge in “Measured and Indicated” resources—the […] The post Malawi’s Kasiya Discovery Expands Dramatically, Raising Global Stakes and Local Questions appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

As households and businesses strain under rising costs, high interest rates, and stubborn inflation, Standard Bank plc has posted a striking K121.7 billion profit after tax—marking a 41 percent surge that sets it apart from the broader economic hardship gripping the country. The results, unveiled at the 2026 Investor Forum in Blantyre, paint a picture […] The post Standard Bank Defies Economic Strain, Posts K122bn Profit Amid Malawi’s Financial Squeeze appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The recent Rumphi Central by-election has delivered a striking political lesson: when ruling allies quarrel, the opposition capitalizes. Dr. Mathews Mtumbuka of the United Transformation Movement (UTM) emerged victorious with a decisive margin following the vacancy created by Enock Chakufwa Chihana’s appointment as Second Vice President. His win, while a triumph for UTM, is also […] The post Analysis: How Dr. Mathews Mtumbuka Captured Rumphi Central While the Blue Alliance Exposed Its Fault Lines appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

Standard Bank Plc has emerged as a key driver of governance reform in Malawi’s public sector, contributing K66 million to the Parastatal Board Members Orientation Programme. The move underscores the bank’s commitment to strengthening leadership, accountability, and strategic oversight in state-owned institutions. The funding will support the induction of board members across statutory corporations, equipping […] The post Standard Bank Leads Governance Push with K66 Million Contribution appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

In a startling revelation, the Public Service Pension Trust Fund (PSPTF)—already under intense scrutiny for its controversial K128 billion purchase of Amaryllis Hotel—has been linked to another high-stakes transaction: the rushed acquisition of Sigelege Hotel in Area 10, Lilongwe. According to sources close to the Fund, the purchase process for Sigelege Hotel was conducted with […] The post Scandal Uncovered: Pension Fund Paid K27bn for K8.5bn Sigelege Hotel in Lilongwe appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The Public Service Pension Trust Fund (PSPTF), charged with safeguarding the pensions of thousands of Malawi’s civil servants, is facing growing scrutiny over a series of high-value hotel purchases that critics say were rushed, politically influenced, and poorly scrutinized. At the center of the storm is George Jim, the suspended Principal Officer, whose fingerprints are […] The post Rushed Deals, Rising Questions: George Jim at the Center of Pension Fund Hotel Controversies appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The deepening investigation into the controversial purchase of Amaryllis Hotel has now reached the very heart of executive power, with former Secretary to the President and Cabinet Colleen Zamba and former Chief of Staff Prince Kapondamgaga summoned to appear before Parliament’s Public Accounts Committee (PAC). According to emerging reports, the two high-ranking officials are expected […] The post Zamba, Kapondamgaga Summoned as Amaryllis Scandal Tightens Grip on Previous State House Power Circle appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The stalled corruption trial of Lin Yinhua is fast turning into a troubling case study of how legal processes can be stretched to the brink, raising sharp questions about whether justice is being deliberately slowed down rather than pursued with urgency. On March 16, 2026, the High Court was primed to begin full trial proceedings. […] The post ANALYSIS | Justice on Ice: Lin Yinhua Trial Raises Alarm Over Possible Deliberate Delays appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

What began as a glossy investment story—rebranding Sigelege Boutique Hotel into the “Lifestyle Boutique Hotel”—has collapsed into a storm of allegations over opacity, inflated pricing, and politically connected beneficiaries. The Public Service Pension Trust Fund (PSPTF) paid K27 billion for Sigelege, a modest 3-star property with just 53 rooms, and immediately handed operations back to […] The post Inside the Sigelege Deal: K27 Billion Pension Fund Purchase Sparks Malawi ‘Overpricing’ Scandal appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The NBM Under-23 Championship has reached its final stages following the draw for the semi-final fixtures involving four regional champions, with matches scheduled for March 20, and the final on March 22, 2026 at Champions Stadium in Mponela, Dowa. According to the draw, QPL Stars will face Mponela United FC, while Karonga Reserves will take […] The post Semifinals draw sets mood for NBM Under-23 Championship appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The cost of living for an average urban household has dropped by 4.6 percent in February, offering a slight relief to consumers grappling with high prices. Latest figures from the Employers Consultative Association of Malawi (ECAM) show that the cost of living fell from K1,039,425 in January to K991,733 in February. The decline follows a […] The post Cost of Living Drops 4.6% in February appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

A blunt question from social media activist Onjezani Kenani is now forcing Malawi into an uncomfortable but necessary national conversation: who really benefits from the country’s minerals? At the centre of the storm is the rapidly advancing Kasiya Rutile-Graphite Project in Lilongwe—touted as one of the world’s largest and most strategic mineral discoveries. But as […] The post Kenani’s Question Sparks Fierce Debate Over Malawi’s Mineral Future appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

In a decision that is already igniting fierce debate over the integrity of Malawi’s justice system, Director of Public Prosecutions Fostino Maele has discontinued the high-stakes K5 billion unexplained wealth and money laundering case against Deputy Minister of Homeland Security Norman Chisale—effectively lifting the legal cloud that had hung over one of the country’s most […] The post DPP Fostino Maele Discontinues Norman Chisale’s K5 Billion Corruption Case, Opening Door for Release of Seized Assets appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

Voters across four constituencies and nine wards are heading to the polls today in what is shaping up to be a tightly watched electoral test, with the Malawi Electoral Commission (MEC) making a strong appeal for calm in an environment where political stakes—and tensions—are unmistakably high. Nearly 242,000 registered voters are expected to cast their […] The post Tension, Stakes Rise as Voters Head to Crucial By-Elections Today appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

FDH Bank plc and Ekhaya Group have renewed their partnership with lifestyle and networking platform Sunday Soirée, a move aimed at strengthening engagement with clients while supporting the growth of young entrepreneurs and small businesses. The renewed collaboration will see the partners host six main events throughout the year, alongside several pop-up experiences organized by […] The post FDH Bank plc, Ekhaya renew pact with Sunday Soirée appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

A public statement by the National Oil Company of Malawi (NOCMA) denying any relationship with controversial businessman Zuneth Sattar has ignited fresh scrutiny, after critics alleged the state fuel importer may still be indirectly dealing with companies connected to the British-Malawian tycoon. In a public notice released Monday, NOCMA said it had noted the “circulation […] The post Questions Mount as NOCMA Denies Links to Sattar in Fuel Supply Deals appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The National Bank of Malawi (NBM) plc has pumped K5.5 million towards the upcoming Malawi Law Society (MLS) Conference and Annual General Meeting scheduled to take place from March 26 to 29 under the theme ‘Climate Justice’. Speaking during the symbolic cheque presentation on Friday, NBM plc Legal Services Manager, Pretence Sayenda, said the Bank […] The post NBM plc pumps K5.5 million into MLS conference appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

National Bank of Malawi (NBM) plc has committed K67 million to the Corporate Governance Orientation Programme for newly appointed parastatal board members, reinforcing its dedication to strengthening public institutions and promoting good governance in the country. The orientation programme is scheduled to take place from March 16 to 25, 2026, at Sunbird Nkopola in Mangochi, and will […] The post NBM plc commits K67 million for orientation of new parastatal board members appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The Technical, Entrepreneurial and Vocational Education and Training Authority (TEVETA) has called for greater participation of women in practical, trade-based skills training in Malawi’s technical colleges, saying the country cannot build a strong economy while half of its population remains underrepresented in key technical professions. Speaking on Monday in Mzuzu, TEVETA Northern Region Manager Joseph […] The post TEVETA Urges More Women to Join Technical Skills Training appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

Governance and political commentators have raised serious concerns over a lakeside meeting between the Public Accounts Committee of Parliament (PAC) and the Reserve Bank of Malawi (RBM), warning that the timing threatens to cast doubt on the credibility of Parliament’s ongoing inquiry into the controversial K128.7 billion acquisition of Amaryllis Hotel. Critics say the optics […] The post “The Optics Are Deeply Problematic”: Experts Question PAC’s Lakeside Meeting with RBM Ahead of Amaryllis Inquiry appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

Public outrage is mounting after documents circulating in the public domain revealed that government has awarded a US$25 million fuel supply contract to a company linked to controversial businessman Zuneth Sattar, a figure long associated with high-profile corruption scandals involving Malawi. According to the documents, the National Oil Company of Malawi (NOCMA) Board of Directors […] The post Govt Hands US$25m Fuel Contract to Controversial Businessman Zuneth Sattar appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

The Northern Region Chapter of the Young Politicians Union (YPU) has sharply condemned remarks made by Jappie Mhango, the Democratic Progressive Party (DPP) Vice President for the Northern Region, describing them as reckless, demeaning and deeply disrespectful to the office of the country’s Second Vice President. In a strongly worded statement, the youth grouping accused […] The post Young Politicians Condemn Jappie Mhango’s “Disrespectful” Remarks Against Vice President Chihana appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

Leader of Opposition Simplex Chithyola Banda has demanded that President Peter Mutharika immediately fire Joseph Mwanamveka, the Minister of Finance, and Frank Mbeta, the Attorney General, while also suspending George Partridge, Governor of the Reserve Bank of Malawi, over their alleged links to the controversial Amaryllis Hotel deal. Delivering a fiery point of order in […] The post Chithyola tells Mutharika to Fire Mwanamveka, Mbeta and Suspend Partridge Over Their Role in Amyrillis Deal appeared first on Malawi Nyasa Times - News from Malawi about Malawi.

NICO Group Malawi has emphasized on the importance of honesty and trust in the financial services sector describing them as crucial in as far as building a great legacy is concerned. The Group’s Managing Director, Vizenge Kumwenda made the remarks during a special official farewell which the company organized to celebrate the remarkable work and […] The post NICO Group says honesty and trust key in financial services sector appeared first on Malawi Nyasa Times - News from Malawi about Malawi.