News

A mobile app extends much-needed credit to smallholder farmers

In 2021, Mlimi Pay, a fintech startup developed Mlimi Digital Wallet, a mobile solution designed exclusively to meet the financial needs of smallholder farmers in Malawi. The word Mlimi means “farmer” in the Chichewa language. Despite a successful maize harvest last season, Patrick Thimisoni, a smallholder farmer on the outskirts of Lilongwe, is struggling to buy seeds and fertiliser for the new…

Astria Learning to revolutionize online education in Malawi

On July 27, 2023, the University of Malawi formalized a partnership by signing a Memorandum of Understanding (MoU) with Astria Learning, an EdTech organization based in the United States. The primary objective of this MoU is to facilitate accessible education, with the University of Malawi offering short courses, undergraduate, and postgraduate programs through the Astria Learning platforms. An eCampus is set to…

Airtel Money launches overdraft facility

In a collaborative endeavor involving FINCA, Kuunda, and Airtel, the Mgodi Overdraft Facility project was revealed on October 31, 2023, with the objective of easing liquidity challenges encountered by mobile money agents. As a pivotal element of the Digital Financial Services for Resilience program, this initiative signifies a significant achievement in addressing financial obstacles faced by agents. Implemented by the UN Capital…

Flutterwave secures IMTO license from Reserve Bank of Malawi

In a significant development, Flutterwave, the leading payments technology company in Africa, disclosed today that it has officially been granted the authority to facilitate international remittances in Malawi. The coveted International Money Transfer Operator (IMTO) license, sanctioned on Thursday, October 19, empowers Flutterwave to process remittances from Malawians and other Africans sending funds back to their home countries. Citing projections from the…

TNM, Microsoft in partnership

TNM has collaborated with Microsoft to provide Microsoft 365 services and access to Microsoft Cloud Services. As a cloud-based productivity tool, Microsoft 365 is designed to assist individuals or organizations in achieving online productivity goals without compromising security. This partnership enables businesses to concentrate on their core deliverables, with TNM and Microsoft taking responsibility for online collaboration, productivity, and team security. CEO…