Friday, January 9, 2026
No menu items!
spot_img
Home Blog Page 5

NBM plc projects double profit to K211.0 billion

247Malawi
-
0
NBM plc projects double profit to K211.0 billion

By Linda Kwanjana

Listed National Bank of Malawi (NBM) has projected a double profit after tax for the year ending December 31, 2025, to range between K189.9 billion and K211.0 billion.

The Bank, through its trading statement signed by the Company Secretary, Zunzo Mitole, dated December 29, states that the projected performance represents a significant increase compared to the last year ended December 2024.

“The profit after tax for the year ending 31 December 2025 is expected to increase by between 87% and 107% from the K101.7 billion reported for the year ending 2024, within the range of K189.9 billion to K211.0 billion,” reads the trading statement.

The statement has also revealed a significant rise in earnings attributable to shareholders.

Mitole



“Consolidated profit after tax attributable to owners of the parent company is projected to be between K187.6 billion and K208.1 billion, representing a growth of between 83% and 103% from K102.3 billion recorded in the previous year,” the statement states.

Commenting on the outlook by various financial institutions in Malawi, financial analyst Benedicto Nkhoma said the projected results signal strong returns for investors.

“These results are well above inflation, meaning investors are enjoying real returns, not just paper gains. If this momentum is sustained, the dividend season could be a happy one, with investors smiling all the way to the bank,” Nkhoma posted on his Facebook page.

The performance makes NBM plc record the highest returns in the year 2025 in the country.

Pasuwa’s Flames future uncertain as Dynamos FC make lucrative comeback push

247Malawi
-
0
Pasuwa’s Flames future uncertain as Dynamos FC make lucrative comeback push



By Staff Reporter

Malawi National Football Team head coach Kalisto Pasuwa’s future with the Flames hangs in the balance as Dynamos FC intensify efforts to bring him back to Harare.

Pasuwa is currently under contract with the Malawi Football Association (FAM) until December 31, with a mandate tied to the AFCON 2027 project.

This existing agreement makes any potential move complex and subject to discussions at association level.

Despite this, Dynamos FC’s new executive has reportedly tabled an attractive offer, said to be one of the most lucrative coaching packages in Zimbabwean football history.

However, sources close to the negotiations insist that salary is not the main stumbling block.

Pasuwa



Pasuwa’s key concern is the stability and structure of the club.

The former DeMbare title-winning coach wants clear guarantees that players will be well taken care of, including consistent salaries and proper working conditions.

He is also demanding long-term sponsorship to enable the club to recruit quality players and compete effectively.

In addition, Pasuwa is pushing for a three-year contract, allowing him to build a long-term project rather than operate under short-term arrangements that often undermine success.

Extreme FC dare Wanderers in Castel Cup

247Malawi
-
0
Extreme FC dare Wanderers in Castel Cup

By Staff Reporter

Third-tier outfit Extreme Football Club have vowed to mount a serious challenge against Castel Challenge Cup holders Mighty Wanderers FC when the two sides clash this afternoon in a Round of 32 fixture at Aubrey Dimba Stadium in Mchinji District.

Wanderers go into the encounter as firm favourites, buoyed by their recent TNM Super League triumph that ended an eight-year title drought, as well as their status as defending Castel Cup champions.

However, Extreme FC believe they can spring another surprise, drawing confidence from a famous upset nearly three years ago when they edged the Nomads 1–0 at Bingu National Stadium in Lilongwe during a league encounter.



That loss on June 10, 2023 sparked unsavoury scenes, with irate Wanderers supporters confronting players outside the dressing room and forcing then captain Stanley Sanudi to kneel and apologise.

The incident drew condemnation from club president Thomson Mpinganjira, who later threatened to withdraw sponsorship over the behaviour of the fans.

Extreme FC head coach Trust Nyirenda says his side is motivated by the prospect of history. I

“We are chasing something special. Our ambition is to become the first lower-league team to win the Castel Cup, and knocking out the defending champions would be a massive statement.

“Wanderers may be favourites, but we have beaten them before.They know we are not pushovers, and we are determined to rise to the occasion again,” he says.

Nyirenda is banking on key players including striker Gregory, midfielder Beston Jimu, and defender Grievin Ng’anjo, who have been instrumental in Extreme FC’s impressive run in the Chipiku Central Region Football League.

The team currently sits second on the table with 52 points from 26 matches, five points behind leaders Blue Eagles Reserves.

Meanwhile, Wanderers head coach Bob Mpinganjira has cautioned against complacency, stressing the unpredictable nature of cup competitions.

“Cup games are always tricky, especially against teams with nothing to lose. Lower-league sides can be dangerous if you underestimate them.Our focus is on making a strong start to our Castel Cup defence,” says Mpinganjira.

The Nomads are expected to lean on attacking options Isaac Kaliati, Mphatso Kamanga and Dan Kudonto, as well as defender Emmanuel Nyirenda, all of whom recently committed their futures to the Lali Lubani Road-based club.

Other Castel Challenge Cup Fixtures Today:

Mafco FC vs Blue Eagles FC — Champion Stadium
Prison United vs Civil Service United (Civo) — Balaka Stadium
Chilumba Barracks vs Mighty Tigers — Chitipa Stadium
Home Sweepers vs Mzuzu City Hammers — Rumphi Stadium

Government Revises Term Two Opening Dates After Access Routes Improve

247Malawi
-
0
Government Revises Term Two Opening Dates After Access Routes Improve



By Rahim Abdul

The Ministry of Education, Science and Technology has revised its earlier decision to postpone the opening of Term Two for some schools following improvements in road access after recent floods.

The adjustment comes after the Roads Authority announced the opening of a temporary access point at Mpasadzi Bridge along the M1 road, restoring connectivity to several affected areas.

With the route now passable, all public national and district boarding secondary schools have been directed to open tomorrow, 5 January, in line with the original school calendar.



The development has brought clarity to parents, learners and school administrators who had been uncertain about the start of the new term.

According to the ministry, the decision was made after reassessing safety and accessibility concerns that had prompted the initial delay.

However, the revised directive does not apply to all areas, as flood response operations are still underway in Nkhotakota District.

Public schools in Nkhotakota will therefore remain closed and are now scheduled to open on 12 January 2026.

Officials say the extension is necessary to allow ongoing emergency and recovery activities to conclude without disrupting learning.

The ministry had earlier announced the postponement after floods damaged access roads and disrupted school operations in several districts.

Education authorities have pledged to continue monitoring the situation and will issue further guidance if conditions change.

Goshen City Nears Milestone as Hospitality Phase Readied for March Launch

247Malawi
-
0
Goshen City Nears Milestone as Hospitality Phase Readied for March Launch



By Rahim Abdul

Authorities have confirmed that preparations are complete to roll out the first phase of operations at the multi-billion Kwacha Goshen City project in Mangochi.

The ambitious development, spearheaded by Prophet Shepherd Bushiri, is positioning itself as one of Malawi’s most modern urban projects, designed to blend tourism, business and social services.

Although construction works are still ongoing, attention has now shifted to the hospitality component, which is the first phase scheduled to go live.



This initial stage is centred on tourism and leisure, featuring hotels, entertainment hubs, conferencing facilities and recreational spaces aimed at attracting both local and international visitors.

Bushiri, who is the founder of Goshen City, disclosed that the hospitality phase is expected to be officially launched in March this year.

He explained that the opening of this phase will mark the beginning of Goshen City’s operational life, setting the pace for subsequent developments.

Bushiri noted that once the hospitality facilities are up and running, the project will transition into its second phase, which will open doors for investors.

The second phase will concentrate on commercial infrastructure, including shopping malls, residential apartments and dedicated business spaces.

According to Bushiri, this stage is expected to create investment opportunities and stimulate economic activity in Mangochi and beyond.

Looking further ahead, he said the third phase of the project will focus on social development sectors, particularly education and health.
Plans under this phase include the construction of universities, high schools and international-standard hospitals.

Authorities believe that once fully developed, Goshen City will significantly contribute to tourism growth, job creation and urban transformation in Malawi.

1...456...2,189Page 5 of 2,189

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

ABOUT US

True and well researched news covering key issues in Malawi and abroad

Contact us: info@247malawi.com

FOLLOW US

© Newspaper WordPress Theme by TagDiv