Business – Page 101 – Maravi Express – Your Kind of News. Clear and accurate.

Malawi geared towards growing its economy—Chilima

June 6, 2024

* The central strategy to this vision is our acknowledgment of Malawi’s abundant natural resources * Rich cultural heritage and the vibrant energy of our youthful population comprising 80% of the population By Andrew Mkonda, MANA in Seoul,South Korea Vice-President Saulos Chilima says Malawi aspires to undergo a profound transformation aimed at emerging as an inclusive, prosperous and self-reliant industrialized upper-middle-income nation by the year 2063. Chilima made the sentiments yesterday in Seoul during the Korea-Africa Business Summit which…

Malawi, Korea sign trade and investment promotion framework

June 5, 2024

| No Comments

| Agriculture, Business, International, News

* Korean business investors will be welcomed to Malawi to establish industries in various sectors of the economy * Including agriculture, tourism, and mining in line with Malawi’s vision for economic transformation. By Andrew Mkonda, MANA in Seoul, South Korea The governments of Malawi and Korea have signed a trade and investment promotion framework (TIPF) on the sidelines of the Korea-Africa Heads of State Summit. Minister of Trade & Industry, Sosten Gwengwe and his Korean counterpart, Inkyo Cheong signed…

China Railway Signal to build robust electrified railway network in Malawi and operate it to recover what the company invested

June 5, 2024

| No Comments

| Agriculture, Business, National, News

* The project will be co-financed by the Chinese company and a sovereign wealth fund of the United Arab Emirates * The two entities will form the build-operate-transfer (BOT), which they will run for 30 years * And thereafter or even earlier, the Ministry of Transport & Public Works will take over * The ambitious five-year project will extend the network from Lilongwe to Mbeya in Tanzania as the Northern Region corridor By Duncan Mlanjira The robust electrified railway…

Airtel Africa’s outgoing CEO Segun Ogunsanya earns prestigious Lifetime Achievement Award

June 4, 2024

| No Comments

| Business, International, News

* The awards showcase Africa’s businesses and leaders, celebrating exemplary business leadership on the continent * Ogunsanya’s landmark contributions towards advancing Africa’s socio-economic growth and development include his 12-year career at Airtel Africa * He ran the Nigeria operations of the telecommunications and mobile money company for nine years before his appointment as CEO of the Group in 2021 By Duncan Mlanjira Segun Ogunsanya, the outgoing chief executive officer (CEO) of Airtel Africa Plc, has been named winner of…

South Africa’s election results transforms political landscape; The challenge remains on transforming the economy—Chief Economist Chifipa Mhango

June 4, 2024

| No Comments

| Business, International, News, Politics

* For the past 30 years, it’s the first time we are observing the transformation of the national political landscape of South Africa * Where the traditional dominant party — the African National Congress (ANC) is below the 50% electoral victory By Duncan Mlanjira South Africa-based Chief Economist for Don Consultancy Group, Chifipa Mhango says the 2024 election results in that country “have transformed the political landscape, and the challenge remains on transforming the economy towards a higher sustainable…

SRWB needs K500m to construct a new water intake pump house at Liwonde’s Kamuzu Barrage to address flood-induced challenges

June 2, 2024

| No Comments

| Business, National, News

Rising water of the Shire River in Liwonde * The opening of the water exit gates at the barrage would further affect their operations and even other institutions downstream * Thus the need of the half a billion kwacha to maintain its pumping system at Liwonde barrage, owing to rising water levels in Shire River Maravi Express Southern Region Water Board (SRWB) needs K500m to construct a new water intake pump house at Kamuzu Barrage in Liwonde, the Board’s…

Chakwera’s administration working towards restoration of lost companies and factories

June 2, 2024

| No Comments

| Agriculture, Business, National, News

* Some of the challenges the country is facing generates from the selling of factories and banks * That would have assisted to control the country’s currency. I do not have time to fight with anyone * But to ensure that the lost economy is restored — the companies and factories that were sold should be brought back By Elia Chibwe, MANA At the launch of Magwero Industrial Park project at Area 55 in Lilongwe Lilongwe yesterday, President Lazarus…

Six arrested for theft of Illovo Sugar Malawi irrigation equipment

June 1, 2024

| No Comments

| Business, Law Enforcement, National, News

* Police first intercepted Yohane Sakala, 28, at Thabwa Police checkpoint with 150 metres of electric cable * The suspect confessed to stealing the cable and identified five accomplices who will appear in court soon to face theft charges * Chikwawa Police have intensified security measures to prevent further vandalism and theft of Illovo irrigation equipment By Leah Malimbasa, MANA Chikwawa Police Station has arrested six individuals for allegedly stealing irrigation equipment from Illovo Nchalo Estate’s fields of 412,…

‘Malawi Government to be sole recruiter of Israel labour export’

June 1, 2024

| No Comments

| Agriculture, Business, International, National, News

Labour Minister Agnes NyaLonje at the press briefing * The MoU aims at promoting the protection of the labour rights, including safety, health and welfare of Malawian workers * From recruitment, selection and placement with specific employers upon arrival and throughout employment until returning to Malawi By Robert Katuli, MANA Private recruitment agencies will no longer be involved in the recruitment of labourers expected to work in Israel, as Malawi Government will be the sole recruiter. Minister of Labour,…

Puma Energy Malawi partners Le Croissant in ‘energising communities; Opens Le Croissant Café Chichiri Shopping Mall service station

May 31, 2024

| No Comments

| Business, News

* Le Croissant, a specialist pastry, confectionary and bakery brand, is a division of Heritage Hotel * A legacy Malawi hotel which opened its doors in 1958 as Shire Highlands By Duncan Mlanjira Puma Energy Malawi — in its demonstration of its continued commitment to providing convenience, product diversity, reliability and quality of service to customers, launched the first Le Croissant store at its service station at Chichiri Shopping Mall in Blantyre. This follows the signing of a memorandum…