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Category: Business

Parliament set to discuss amendments in Consumer & Fair Trading Bill
April 2, 2024
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| Business, Law Enforcement, National, News

* Excessive pricing of products and services has been one of the most prevalent conduct by businesses * Unfortunately, the CFTA does not have provisions specifically prohibiting excessive pricing By Duncan Mlanjira Before the 2024-2025 National Budget sitting of Parliament rises this week, the legislators are expected to discuss the amendments that are contained in the Consumer & Fair Trading (CFT) Bill. Spokesperson for Consumer & Fair Trading Commission (CFTC) Innocent Helema says some of the changes in the…

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FDH Bank, MUBAS take FDH Graduate Start-ups program to higher level
April 2, 2024
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| Business, Education, News

FDH Deputy MD Chitera and MUBAS Vice-Chancellor signing the MoU * It will involve a trust fund in which companies shall be remitting 20% of the dividends that shall be declared from their annual profits * The funds shall then be kept in a special trust fund account with FDH Bank to finance future beneficiaries to properly sustain the program By Duncan Mlanjira FDH Bank, that initiated in 2021 a business entrepreneurship concept named Graduate Start-ups targeting Malawi University…

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MP Dimba emphasises that cultivation of chamba is for medicinal or commercial industrial purposes only
March 31, 2024
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| Business, Law Enforcement, National, News

* The previous law did not allow the cultivation of Canabis with tetrahydrocannabinol (THC) potency of above 1% * Our local chamba has higher potency of above 1% and essentially it is not for recreational purposes (smoking) in Malawi By Duncan Mlanjira The Cannabis Regulation Bill, once assented to by President Lazarus Chakwera, is for medicinal or industrial (commercial) purposes — emphasises mover of the private member Bill in Parliament, Peter Dimba, legislator for Lilongwe South. Soon after the…

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Portland Cement contributes 600 bags of cement towards extension of Mercy James Centre at Queens
March 31, 2024
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| Business, Health, News

* Our company is committed to giving back to the communities where we operate through various corporate social responsibility activities * We are humbled to collaborate with Raising Malawi through the Ministry of Health on this project * Because of the extraordinary opportunity for a better life that the hospital aspires to provide By Victor Singano Jnr As part of its corporate social responsibility, Portland Cement Malawi Limited has made a donation of 600 bags of cement worth K12…

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Finance Minister implores on state owned enterprises to implement austerity measures
March 29, 2024
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| Business, National, News

Finance Minister Chithyola Banda * Government’s directives on austerity demands a collective effort to curtail spending * It is imperative that SOEs lead by example thereby reducing expenditure and fostering national savings By Leonard Masauli, MANA Minister of Finance & Economic Affairs, Simplex Chithyola Banda is strongly urging state-owned enterprises (SOEs) to enact significant cuts in expenditures in a bid to align with government imposed austerity measures. Addressing stakeholders during the signing ceremony of the 2024/2025 Shareholders Letters of…

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ESCOM Limited moves in to meet growing electricity demand in Kasungu, Ntchisi and Mzimba
March 28, 2024
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| Business, News

Chief Public Relations Officer, Kitty Chingota * The upgrade involves adding a second conductor to the transmission line making it a twin conductor line * Thereby increasing the power transfer capacity by 7 megawatts to meet power demand increase around Kasungu By Peter Kanjere, ESCOM PRO Electricity Supply Corporation of Malawi (ESCOM) Limited announces its plans to upgrade its Serengeti-Mtunthama 66kV power transmission line to meet growing electricity demand in Kasungu and some parts of Mzuzu and Ntchisi. ESCOM…

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Radio stations risk regulatory sanctions by MACRA if they fail to control unsavoury views to be cautious phone-in programmes
March 28, 2024
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| Business, National, News

* We encourage provision of platforms such as phone-in programmes to allow listeners to speak out on topical issues in the country * However, remember that if you cannot control views that cannot be palatable to the general public then you should not entertain those programmes By Yamikani Sabola, MANA Malawi Communications Regulatory Authority (MACRA) Director of Broadcasting, Zadziko Mankhambo has asked radio stations to exercise caution when handling radio phone-in programmes, warning that they risk regulatory sanctions if…

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Faith leaders promise to sensitise their flock on benefits of Malawi Water & Sanitation Project
March 28, 2024
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Rev. Dr. Makata of Kanjedza First Assembly * Objective of the project is to increase access to improved water supply and sanitation services * In Blantyre and sorrounding districts as well as to enhance BWB’s operational and financial efficiency By Duncan Mlanjira After a series of engagements with various stakeholders on the implementation of Malawi Water & Sanitation Project (MWSP), Blantyre Water Board (BWB) and project implementing partners — Blantyre City Council and the Ministry of Water & Sanitation…

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Malawians working in Israel provided an opportunity to remit funds back home through TNM Mpamba
March 27, 2024
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| Business, News

* We are thrilled to introduce this service to Malawians working in Israel * Marking a significant milestone in our commitment to transform financial services By Duncan Mlanjira TNM Mpamba Limited, a wholly subsidiary owned by TNM Plc, has introduced a landmark service to help Malawians working in Israel to send money back home through Mpamba mobile money service. In a statement, TNM Mpamba General Manager, Chris Sukasuka said development emanates from a sound partnership that Mpamba has with…

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FDH Bank unveils benefits of global marketplace platform African Trade Exchange to SMEs and corporate companies
March 26, 2024
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| Agriculture, Business, International, News

* ATEX is supporting the implementation of the African Continental Free Trade Area (AfCFTA) Agreement * As well as through the Intra African Trade Fair (IATF), which is also supported by FDH Bank as a key partner By Duncan Mlanjira FDH Bank Plc is set to roll out the landmark trade deal of US$10 million which it signed with African Export–Import Bank (Afreximbank) in November last year under Africa Trade Exchange (ATEX) facility, a global marketplace platform that will…

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