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NICO Asset Managers in Private Wealth Management awareness campaign
By Duncan Mlanjira NICO Asset Managers is on an awareness drive on how people can prudently invest their money in order to receive meaningful returns in order for them to meet the life goals and dreams that matter for their future. Dubbed Private Wealth Management, the campaign was unveiled…
Man convicted for 2 years for illegal electricity connections; or pay K2.2 million fine
Lumbadzi First Grade Magistrate Court has convicted and convicted a 38-year-old Davie Kade to pay a fine of K2.2 million or in default to serve a sentence of 24 months imprisonment with hard labour after finding him guilty of illegal ESCOM electricity connections. Kade, who hails from Mtimaukanena Village,…
Likoma energy power to be to be upgraded to solar generation
By Duncan Mlanjira Electricity Generation Company of Malawi (Egenco) plans to upgrade energy power for Likoma and Chizumulu islands from diesel based to solar generated. This was announced at the 29th Africa Hydro Symposium (AHS) which Egenco is hosting from Tuesday scheduled at Sunbird Mount Soche Hotel in Blantyre…
Castel Malawi to increase number of staff to be retrenched as talks with government reaches stalemate
By Duncan Mlanjira Talks between government and Castel Malawi Ltd, which is at risk of closure due to continued decline in sales volume, turnover and heavy excise tax rate, have reached a stalemate and it plans to increase number of staff to be retrenched this month end. Meanwhile, the…
Reserve Bank stirs Mangochi in ‘cashless society’ awareness campaign
By Duncan Mlanjira After holding a conference at Sun ‘n’ Sand on the drive to impress on financial services stakeholders to accelerate the shift from paper-based payments instruments, such as cash and cheques to electronic based services, the Reserve Bank of Malawi (RBM) took the cashless awareness campaign through…
Cheque payments decline both in volume and value — Reserve Bank
By Duncan Mlanjira The Reserve Bank of Malawi (RBM) Governor Madalitso Kabambe says that more economic agents are preferring digital financial services than the use of cheques in their businesses. Kabambe said this during a conference at Sun ‘n’ Sand in Mangochi where RBM gathered digital financial service stakeholders…
Reserve Bank implements automated trading system for Malawi Stock Exchange
By Duncan Mlanjira The Reserve Bank of Malawi (RBM) has implemented Automated Trading System (ATS) for Malawi Stock Exchange which is linked to its Central Securities Deposits (CSD), which keeps details of the securities unlike in the past when trading and recording of securities was all manual. This was…
Reserve Bank accelerating shift from paper-based payments to electronic sysyem
By Duncan Mlanjira The Reserve Bank of Malawi (RBM) is on the drive to consolidate the gains from the various innovations in the digital financial services space to accelerate the shift from paper based payments instruments, such as cash and cheques to electronic based services. In that vein, the…
Castel Malawi set to retrench more employees this month
By Duncan Mlanjira Castel Malawi Ltd, which is at risk of closure due to continued decline in sales volume, turnover and heavy excise tax rate, will continue to retrench its staff this month. The French company, which took over management of Carlsberg Malawi Brewery just a few years ago,…
Castel Malawi cuts more jobs
Castel Malawi has announced a second phase of retrenchments. This follows a memo that was signed by the director of human resources Naomi Nyirenda The company claims that this is a result of financial difficulties that they are facing due to the economic situation. The first phase of the…
NICO Asset Managers in Private Wealth Management awareness campaign
By Duncan Mlanjira NICO Asset Managers is on an awareness drive…
Malawian woman arrested at KIA, found with 8 KGs of apomophine drugs.
Police at Kamuzu International airport on Sunday the 6th October 2019…
