Malawi Institute of Internal Auditors set for annual conference as FDH Bank supports with K1.5m sponsorship

FDH’s Allans Nkhoma (right) presenting the sponsorship to IIAM president Ackson Banda Chipambano Mbewe FDH Bank has supported Institute of Internal Auditors Malawi (IIAM) by sponsoring K2 million towards the hosting of its annual conference scheduled for November 4-7 at Sun ‘n’ Sand Holiday Resort in Mangochi. Receiving the sponsorship on Wednesday at FDH Financial Holdings Head Office in Blantyre, IIAM president Ackson Banda applauded the Bank for the support, saying it will help them to have a successful…

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NEEF disburses K16.9 billion loans; K8.8 billion to 3,576 in women groups

By John Saukira National Empowerment Economic Fund (NEEF) has disbursed K16.9 billion to various groups with K8.8 billion going to  women from 3,576 groups and K3.9 billion to 1,474 youth groups. Speaking during a sensitization workshop on access to finance and NEEF products in Lilongwe, NEEF Board chairperson Jephter Mtema disclosed that they also disbursed loans amounting to K879 million to 438 payroll individuals. He said currently there is a good progress in as far as loan disbursement is concerned. Mtema said the workshop…

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MultiChoice Malawi celebrates 25th anniversary of enriching  Malawian lives; Launches ‘Sankha Wekha’ campaign

* The first-ever pay TV business in Malawi which was received with overwhelming positivity and excitement * The journey began as a joint venture between Malawian owned, Raise Limited and MultiChoice Africa Holdings * It has a national footprint comprising retailers, over 200 agents throughout the country and 58 accredited installers * In GOtv was launched, which provided unmatched quality content and value for money Maravi Express As part of celebrating half a century of enriching  Malawian lives through…

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More support from corporates towards ICAM Lake Conference as FDH Financial Holdings and LifeCo pump in a total of K7m

FDH’s Richard Chipezeani hands over the sponsorship to ICAM’s Chrissie Jere * Theme ‘Navigating the Tough Economic Terrain: Moving Forward Regardless of Challenges’ * The country’s Vice-President Saulos Chilima to be guest of honour at the Mother of all Conferences By Duncan Mlanjira FDH Financial Holdings and LifeCo Holdings Limited joined the support towards the successful hosting of Institute of Chartered Accounts of Malawi (ICAM) annual Lake Conference at Sun ‘n’ Sun Holiday Resort in Mangochi by injecting a…

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MERA set to announce fuel price increase

* The landed costs of petrol has increased by 20.44%, diesel by 12.03% and paraffin by 12.23% * Landed costs of petroleum prices are determined by the international market and the exchange rate * As at September 7, 2021 the Price Stabilization Fund averaged K1.5 billion against the recommended minimum of K5 billion By Duncan Mlanjira Malawi Energy Regulatory Authority (MERA) has announced that it is reviewing current trends of the international market and other economic factors to determine…

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World netball governing body names Malawi’s legend Mary Waya as its official Heart Ambassador

Waya, one of Malawi’s netball legends * Waya started playing international netball for Malawi at the tender age of 14 * She has since become the nation’s most high-profile player having played in more than 200 international matches * She was also part of the 2007 World Netball Championships squad that finished 5th * This was the Queens’ highest ever international placing Maravi Express Malawi’s netball legend, Mary Waya has been appointed as World Netball’s official Heart Ambassador, representing…

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FDH Financial Holdings donates K10m for Bible Society of Malawi to complete construction of office complex in Lilongwe

By Chipambano Mbewe As part of its corporate social responsibility, FDH Financial Holdings Limited Plc has donated K10 million to Bible Society of Malawi to help it finalize construction works of its magnificent office complex, the Jireh Bible House in Area 3, Lilongwe. The Bible Society’s Board chairperson, Gary Jumbe — while applauding FDH for the support — said the donation will play a huge role in assisting  a number of areas at the Jireh Bible House once everything…

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NICO Pensions launches online member self-service pensions platforms

NICO Pensions General Manager Gerald Chima * Accessible by dialing *323# and on https://www.npsonline.mw * We understand the value of information in a digitally advancing world * The two platforms we will ensure clients can seamlessly manage their pensions and claims By Duncan Mlanjira As part of NICO Group’s ongoing endeavour to digitize its services and processes, NICO Pensions has launched state-of-the-art Online Pensions Member Self-Service and USSD platforms. Announcing the development, which is the first on the market,…

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NICO Group, Sparc Systems donate towards successful hosting of Malawi ICT Expo on September 27-29

ICTAM vice-president, Andrew Kasasi (right) receives the donation from NICO Technologies CEO, Clarence Gama * President Chakwera expected to be guest of honour * This is an opportunity to ICT industry players to showcase their services and solutions * Under the theme ‘Mobilising Business with Digital Technologies beyond the CoVID-19 Crisis’. By Duncan Mlanjira NICO Group and Sparc Systems on Monday donated a total of K9 million to Information & Technology Communication Association of Malawi (ICTAM) towards the successful…

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MPC workers industrial strike unreasonable and unjustifiable—management

A few of the striking staff captured in Lilongwe * Their demand of no pay for two months not true as it’s only top management yet to be paid * MPC is dealing with a structural issue, where 85% of its revenue pays staff costs * The struggling parastatal needs to downsize its staff if government is to recapitalize it * It is inviting applications from those interested to proceed on voluntary retrenchment By Duncan Mlanjira One of the…

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