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ICJ rules in favour of Somalia in Kenya border dispute – The Maravi Post



The World Court also known as the International Court of Justice (ICJ) has ruled largely in favour of Somalia in its dispute with Kenya, setting a sea boundary in part of the Indian Ocean.

The new boundary drawn by the International Court of Justice mostly followed a line proposed by Somalia, attributing to it several offshore oil blocks claimed by Kenya.

The court found that Kenya which did secure some territory beyond the Somalia proposal, had failed to prove there was an established sea boundary between the states, which would have given it a greater portion of the disputed territory.

Kenya previously accused the International Court of Justice of bias and said it will not accept the ruling. The case concerned a 38,000 sq mile (100,000 sq km) triangle in the Indian Ocean that is thought to be rich in oil and gas. The dispute has been at the heart of a diplomatic row between the two east African neighbours.

The revised maritime border along the exclusive economic zones for the continental shelves of Somalia and Kenya “achieves an equitable solution”, Judge Joan Donoghue said.

The ruling comes after Nairobi last week said it had revoked recognition of the court’s jurisdiction. No one for Kenya was officially present either in court or via video link.

Source: Africanews

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Malawi’s President Chakwera’s son Nick faces backlash for attacking Lhomwe tribe being aligned to DPP – The Maravi Post




BLANTYRE-(MaraviPost)-Malawi President Lazarus Chakwera’s son Nick Chakwera has come under fire from Malawians for attacking Lhomwe’s on social media.

Nick, a self-claimed to be man of God like his father Lazarus, attracted the anger from Malawians after his post on facebook suggesting that Mulhako Wa Alhomwe is for Democratic Progressive Party (DPP) members.

“Kodi Alhomwe amene Sali a DPP ndi a Fake Kani? Mulhako wa DPP kapena a Lhomwe? Divisive if you ask me Vilekeke,” posted Nick Chakwera on his official facebook page.

The post did not go well with Malawians on social media who started pouring offensive words towards him and his royal family, a development which forced Reverend Nick to take down the post.

Lhomwe Acting Paramount Chief Kaduya of Phalombe district recently said Mulhako Wa Alomwe is apolitical ethnic group.

Paramount Chief Kaduya said the grouping was formed with the aim of preserving and promoting the Lhomwe culture.

She said the group is not affiliated to any political party.

“We are not DPP, Mulhako wa Alhomwe was formed to preserve our (Lhomwe) culture,” said Kaduya.

She added that: “We have members from different political parties, so it’s very unwise to call the group DPP arm,”

Nick Chakwera was also in the news recently after suing a social media commentator for defamation.

Over the weekend this year’s Mulhako wa Alhomwe festival turned into a political do-drum particularly for opposition DPP.

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Malawi’s UK based female Afro-beat artist CrazyLi to drop mother’s day tune,” Mama” – The Maravi Post




UK based female Afro-beat artist CrazyLi

By Chisomo Phiri

BLANTYRE-(MaraviPost)-As part of celebrating Mother’s Day which falls on October 15 every year, UK based female Afro-beat artist Lissa Mikana popularly known by her stage name CrazyLi is set to drop a special mother’s day tune titled “Mama” on Wednesday, October 13, 2021.

In a separate interview, Mikana said the song is all about appreciating mother’s love during this mother’s day cerebration.

”A mother is a very important person in life and deserves love and attention all the time. This song is all about appreciating mothers for the good moments they do in our lives. I hope many will enjoy it as well just as it has good message. Let us show love to our mothers and make them feel they are not alone”, said Mikana.

She said the song is both Audio and video that has been shot in United Kingdom( UK) and Malawi.

“I will release both video and audio of the song. I have done the Video in UK and Malawi and it is a great Video people will enjoy watching” she said.

The Tseketseke hit maker revealed that she is also working on her new Extend Playlist ( EP) which will be released on her birthday this year.

“This is a year to drop more and good music. I promise my music followers to give them best music of their choice. Currently, I am also working on my new EP which I will drop on my birthday this year, just get prepared”, said Mikana.

Asked on who inspires her in music, Mikana said her mother who is a gospel singer Mrs. Florence Massea inspires her a lot and wish to be like her in a near future.

“I always feel inspired by my mother Florence Massea. She is a very good gospel singer and she me a lot. I love listening to her gospel song and wish to be like her in future ” tetezeni”.

Mama Audio is being produced by Pon G and the Video by VJ Ken

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Pandora Papers: Malawi’s First Capital Bank owner Hetesh Anadkat banked his money beyond tax collectors – The Maravi Post




First Capital Bank owner Hetesh Anadkat is one of the most high profile Malawians named in the leak


Hetesh Anadkat, one of the richest Malawians and owner of First Capital Bank, runs offshore accounts in tax havens beyond the reach of Malawi’s tax authorities, The Pandora Papers, the biggest leak of documents on financial secrecy has revealed.

The Pandora Papers— an investigation by the International Consortium for Investigative Journalists (ICIJ) and partners across the global including Malawi’s Platform for Investigative Journalism (PIJ) and Nation Publications Limited—lays bare the global entanglement of political power and secretive offshore finance.

Based upon the most expansive leak of tax haven files in history, the investigation reveals the secret deals and hidden assets of more than 330 politicians and high-level public officials in more than 90 countries and territories, including 35 country leaders. 

Ambassadors, mayors and ministers, presidential advisers, generals, and a central bank governor appear in the files.

Several global leaders, celebrities, criminals, and business persons have been named in the cache of documents received by the ICIJ which have been shared with its partners and among the Malawi-connected individuals, some of the highest-profile include businessman Hetesh Anadkat and wife Meeta.

The Anadkat family is the owner of First Capital Bank and has stakes in other companies in the country and beyond including Letshego Holdings is a microfinance holding headquartered in Gaborone, Botswana.  

Others found in the leaked data are business persons whose dealings with Malawi government in particular had been subject of corruption investigations for years.

Hitesh and Meeta Anadkat, whose family owns First Capital Bank, is revealed to have been joint owners of a company called Reid International Limited incorporated in British Virgins Island (BVI), a tax haven, in 2010.

First Capital Bank owner Hetesh Anadkat is one of the most high profile Malawians named in the leak

The documents show Reid International Ltd made payments to Premier Capital (Mauritius) Ltd which owns First Capital Bank. In 2014, Reid International Ltd borrowed $750,000 from Falcon Private Bank in Zurich, Switzerland, the documents further indicate.

According to a 2010 letter from Clariden Lieu Bank, Meeta and Hitesh Anadkat had a bank account with CLARIDEN LEU, a private bank in the United Kingdom.

In registering the company, Reid International Ltd used nominee shareholders and directors, a tactic used by company owners seeking to hide ownership or avoid tax obligations, according to finance and tax officials ICIJ spoke to.

Anadkat, one of Malawi’s richest businessman in an interview said his use of shell company or offshore accounts was necessitated by the needs of doing business across the world.

In 2017, the previously Malawi Stock Exchange (MSE)– Listed FMB (before rebranding to First Capital Bank) disclosed intentions to transfer their shares in FMB to Mauritian based FMB Capital Holdings Plc (FMBCH), a move the will see the FMBCH listing on the MSE and FMB delisting on MSE.

Mauritius is regarded as a tax haven and had just signed tax treaty with Malawi. FCB was also just following a trend by other companies on the continent including Malawi Mangoes. 

Malawi Mangoes was incorporated in the United Kingdom in 2009, according to financial records filed in London. This U.K. entity was dissolved in 2015. By then, Malawi Mangoes had incorporated two companies in Mauritius (in 2012 and 2013), under the island’s global business system. In other words: Mauritius didn’t facilitate the company’s entrance into Malawi. It had already happened.

The ICIJ documents suggest the Anadkat family—the owners of the bank—has been benefiting from tax havens longer.

In an interview, Anadkat, however, refused to comment on whether he had received tax advice and decided to open the accounts to pay less tax to Malawi authorities.

He insisting he was among the highest taxpayers to Malawi.  “I pay my taxes to Malawi. I perhaps pay the highest taxes in Malawi. It’s how the international system works, I have international companies and I have offshore accounts. I cannot give you more insights than you have,” he said in an interview.

“I have not done anything illegal. I have a British passport. I am a legitimate businessman. I don’t see the need why I should be which are often is used to obscure the ownership of a shell company,” said Anadkat.

Tax havens allow the rich to get away with paying little taxes which means the poor end up picking up the shortfall in government revenue through punitive tax regimes, according to experts.

Rachel Etter-Phoya, a Researcher working for the Tax Justice Network (TJN) in an interview argued that the veil of secrecy provided by tax havens and shell companies aid companies to milk the country while paying back little in returns.

“Malawi’s Registrar General must have the legal mandate to collect and verify information on who really owns and benefits from the activities of companies and trusts. We have a new order in Malawi that is set out to help small businesses, and businesses owned by women, young people and people with disabilities to supply goods and services to government,” said Etter-Phoya.

She adds: “Yet without knowing the ultimate beneficial owners and without having adequate sanctions for those who lie on declarations, dishonest big businesses may just use other people to front companies.” 

An ICIJ analysis of the secret documents identified 956 companies in offshore havens tied to 336 high-level politicians and public officials, including country leaders, cabinet ministers, ambassadors and others. More than two-thirds of those companies were set up in the British Virgin Islands, a jurisdiction long known as a key cog in the offshore system.

At least $11.3 trillion is held “offshore,” according to a 2020 study by the Paris-based Organization for Economic Cooperation and Development. Because of the complexity and secrecy of the offshore system, it’s not possible to know how much of that wealth is tied to tax evasion and other crimes and how much of it involves funds that come from legitimate sources and have been reported to proper authorities.

The Pandora Papers investigation unmasks the covert owners of offshore companies, incognito bank accounts, private jets, yachts, mansions, even artworks by Picasso, Banksy, and other masters – providing more information than what’s usually available to law enforcement agencies and cash-strapped governments.

People linked by the secret documents to offshore assets include India’s cricket superstar Sachin Tendulkar, pop music diva Shakira, supermodel Claudia Schiffer and an Italian mobster known as “Lell the Fat One.”

The Pandora Papers investigation is larger and more global than even ICIJ’s landmark Panama Papers investigation, which rocked the world in 2016, spawning police raids and new laws in dozens of countries and the fall of prime ministers in Iceland and Pakistan.

The Panama Papers came from the files of a single offshore services provider: the Panamanian law firm Mossack Fonseca.

The Pandora Papers shine a light on a far wider cross-section of the lawyers and middlemen who are at the heart of the offshore industry.

The Pandora Papers provide more than twice as much information about the ownership of offshore companies. In all, the new leak of documents reveals the real owners of more than 29,000 offshore companies.

The owners come from more than 200 countries and territories, with the largest contingents from Russia, the U.K., Argentina and China.


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