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Category: Business

Malawi secures US$45m for soil health, fertilizer use
May 10, 2024
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| Agriculture, Business, National, News

Chakwera at his meeting with chairperson for AGRA, Hailemariam Desalegn Boshe * Need for Malawi to depart from rain fed agriculture to irrigation in order to respond to climate change shocks * Our work is to have a sustainable production system given the climate change calamities and vulnerabilities By Patricia Kapulula in Nairobi, Kenya Alliance for a Green Revolution in Africa (AGRA) has pumped in US$45 million to help in promoting agricultural productivity, soil health, use of fertilizer and…

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FCB impressed with response to ‘Civil Servant Aweluke’ promotion’ as 3 people win K250,000 each in second draw 
May 9, 2024
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| Business, News

* It is improving each and every month in terms of response since it was launched in February this year  * We are encouraged because our target is to ensure that civil servants are enjoying our services By Victor Singano Jnr First Capital Bank (FCB) Plc has expressed satisfaction with the overwhelming response which the current on-going ‘Civil Servant Aweluke’ promotion has been embraced by its customers. FCB Marketing Manager, Pacharo Stanley Chirwa made the remarks today in Blantyre…

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Ministry of Trade, CFTC strongly warn sugar distributors and wholesalers against price manipulation
May 9, 2024
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| Business, Law Enforcement, News

* Ministry to revoke licenses of those found indulging in the price manipulation * CFTC to fine a minimum sum of K500,000 and a prison sentence of five years By Patience Longer, Daniel Siame, MANA & Duncan Mlanjira, Maravi Express As sugar is now readily available on the market following resumption of production at both Illovo Sugar Malawi and Salima Sugar Limited, Ministry of Trade & Industry and Competition and Fair Trading Commission (CFTC) have issued stern warnings to…

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MUST’s 2024-2027 strategic plan to champion MW2063’ pillars of industrialisation and human capital development
May 9, 2024
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| Business, Education, News

* We have committed ourselves to be a solution provider through innovation and technology driven by science and meet societal needs * The university and its graduates are into manufacturing and now they want to expand further By James Kanyenda, Ministry of Education’s deputy PRO Malawi University of Science and Technology (MUST) has launched its 2024-2027 strategic plan and Council chairperson, Dr Mathews Mtumbuka said through the plan, the university has resolved to champion industrialisation pillar as well as…

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‘Facilitating revenue growth has been, and will remain, fundamental to Airtel Africa’s performance’
May 9, 2024
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| Business, News

* This strong revenue performance is a reflection not only of the opportunity that is inherent across our markets * But also the resilience of our affordable offerings despite the inflationary pressure many of our customers have experienced By Duncan Mlanjira In reflecting the financial accomplishment of Airtel Africa — whose total customer base grew by 9.0% to 152.7 million while mobile money subscriber growth at 20.7% — chief executive officer Olusegun Ogunsanya says facilitating revenue growth has been,…

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Standard Bank enhances Funeral Plan cover by introducing ‘Last Mile to Lasting Memories’ tombstone cover
May 9, 2024
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* Improved funeral plan offer comes in three new packages of Premium, Diaspora Gold and Diaspora Platinum * Offered in partnership with NICO Life and the improvements speak of the bank’s commitment to provide a holistic service beyond daily financial transactions  By Michael Nasiyaya, Contributor Standard Bank Plc has announced improvements to its Funeral Plan cover by extending the offering to Malawians in the diaspora and introducing the additional benefit named ‘Last Mile to Lasting Memories’ tombstone cover on…

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All-American Rail Group expresses steady interest to explore opportunities in Malawi—Chakwera
May 8, 2024
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| Agriculture, Business, National, News

* AARG is a consortium actively involved in rail infrastructure and agriculture projects * This is a company with familiarity of the African terrain having been involved with the Lobito Rail Project * Which aims at accelerating cross-border trade and promote regional integration in SADC By Duncan Mlanjira On the sidelines of the 2024 US-Africa Business Summit in Texas, USA, President Lazarus Chakwera had an engagement with All-American Rail Group (AARG), a consortium actively involved in rail infrastructure and…

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MACRA launches construction of 75 ICT laboratory centres at CDSSs
May 8, 2024
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| Business, Education, National, News

* Connect-a-School project seeks to build capacity of CDSSs to community ICT centres * With target of reaching out to over 40,000 students and 250,000 community members to access the centres By Bishop Witmos, MANA PMalawi Communications Regulatory Authority (MACRA) — through Connect-a-School project — has launched the construction of 75 information & communication technology (ICT) laboratory centres in community day secondary schools (CDSS) across the country. Connect-a-School project, which is under the Universal Service Fund, is a digital…

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Poor law enforcement catalyses poverty as unscrupulous people rob from farmers
May 8, 2024
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| Agriculture, Business, Law Enforcement, National, News

Maize harvesting * Vendors are buying agricultural commodities at lower price, a notable example being maize * Government set K650 as starting price for the produce but vendors are buying at K410 * Which is exploitation of the farmers. With such prices, farmers cannot graduate from poverty By Majona Mnjuzi, MANA Research findings presented by Churches Action in Relief & Development (CARD), in partnership with Christian Aid and Lilongwe University of Agriculture & Natural Resources (LUANAR), have revealed that…

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Smallholder farmers should add value to farm produce to attract more revenue on the market—Norwegian Ambassador
May 8, 2024
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* Smallholder farmers promote the country’s efforts in ensuring food security * The partnership between Norwegian government and NASFAM started in 2000 By George Mponda, MANA The Royal Norwegian Embassy Ambassador to Malawi, Ingrid Marie Mikelsen has urged smallholder farmers that they should add value to their farm produce to attract more revenue on the market. She said this on Tuesday when she inspected a rice milling plant for Kaporo Smallholder Farmers’ Association (KASFA), which is under National Smallholder…

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