Business – Page 116 – Maravi Express – Your Kind of News. Clear and accurate.

CFTC to amplify importance of knowing terms & conditions during commemoration of 2024 World Consumer Rights Day

March 12, 2024

* There are increasing number of complaints regarding unfair and unreasonable terms and conditions * Lack of their disclosure by traders; and unilateral waver of the terms and conditions without the consent of consumer — thereby rendering the agreements void By Duncan Mlanjira This year’s World Consumer Rights Day on Thursday, March 14 will be commemorated under the theme; ‘Terms and Conditions, Traders’ Obligations’ and Competition and Fair Trading Commission (CFTC) will amplify the importance of knowing terms &…

Central Materials Laboratory gets government funding boost

March 11, 2024

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| Business, National, News

Engineer Kamndaya inspecting the falling weight deflectometer, which has emerged as a crucial tool in assessing the structural integrity and performance of road pavements during construction and maintenance phases * Indicates the importance of CML in supporting the development of public infrastructure * Government’s emphasis on quality and sustainable public infrastructure aligns with CML’s mandate By Denis Mzembe In recognition of the pivotal role that the Central Materials Laboratory (CML) plays in the construction industry in Malawi, Government recently…

FDH Bank Plc first to provide a commercial bank on Likoma Island

March 11, 2024

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| Business, National, News, Tourism

Minister of Finance & Economic Affairs, Simplex Chithyola Banda commissioning the service centre * This FDH Bank Plc service centre is aimed at breaking financial barriers for the people of Likoma * It was initially shocking to hear of the financial accessibility challenges that the people at Likoma are facing By Duncan Mlanjira FDH Bank Plc has taken an extra mile in its provision of financial service which is present in every district in the country, by extending its…

Standard Bank ranked as Africa’s most valuable banking brand for the third consecutive year

March 11, 2024

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| Business, International, News

* In recognition of the increase in its brand value by 12.4% in the last year to reach over US$1.9 billion * Placing Standard Bank as first in Africa and 138th in the world, up 7 places from 145th in 2023 By Duncan Mlanjira Standard Bank has been ranked as the most valuable banking brand in Africa in 2024 for the third consecutive year by Africa Brand Finance in its annual ranking of the world’s Top 500 Banking Brands. A…

Chakwera tours Karonga’s value addition Nthola-Illola Rice Processing Plant

March 11, 2024

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| Agriculture, Business, News

* Producing 50 tons of rice per day and ensuring the rice is of great quality — starting from the field up to processing * Government is supporting the project with financial resources through GreenBelt Authority By Tawonga Moyo, MANA President Lazarus Chakwera on Monday visited Nthola-Illola Rice Processing Plant in Karonga to appreciate the factory’s contribution to value addition chain in rice production and marketing. The President was taken inside the factory where he was showed different rice…

Shipping concessions on Lake Malawi hung in the balance

March 11, 2024

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| Business, National, News, Tourism

* Shipping was previously operated by Malawi Lake Services while the ports were operated by the Marine Department * The two entities are being operated by Malawi Shipping Company and Malawi Ports Company respectively — both being Mota-Engil subsidiaries * The two concessions have not been a success compared to what was anticipated at the inception By Denis Mzembe Doubts surround the future of two concessions signed between the Malawi Government and Mota-Engil regarding shipping and ports on Lake…

Recommended retail price for sugar is K2,250 per 1kg packet—Ministry as it closes closes shops for overcharging

March 9, 2024

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| Business, Law Enforcement, News

Exorbitant prices in some shops * The sealed shops are Romana Trading and Chou Chou shops in Area 2 (Bwalo la Njobvu) and Shalom Shop in Area 25 (Nsungwi) * Simama General Dealers in Area 25 (Nsungwi) has also been closed for hoarding sugar * The Ministry will continue to seal such outlets across the country if found to be overcharging prices of sugar By Duncan Mlanjira The Ministry of Trade & Industry informs the public that the recommended…

Ma Blacks’ band leader Anjiru Fumulani wins K1m in TNM promotion; Lilongwe farmer get the K10m grand prize

March 8, 2024

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| Business, Entertainment, News

Celebrated music artist Anjiru Fumulani * TNM is delighted to play a great role in transforming lives of customers through the promotion * That has rewarded 2,471 customers with a grand total of K62.3 million in prizes Maravi Express Anjiru Fumulani, leader of popular Chileka reggae band, the Black Missionaries (Ma Blacks) has won K1 million in the TNM promotion that was rolled out to celebrate the festive season with Lilongwe-based farmer, Lyson Jickson carting away the K10 million…

FDH Money Bureau’s Golden Reunion promotion’s first draw identifies two K500,000 winners each

March 7, 2024

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| Business, News

* A further 20 winners were awarded 20% each of the funds they received and redeemed * Promotion that entices Malawians in diaspora to send money to their loved ones back home * Grand prize is a Golden Ticket which the lucky winner shall be accorded an all-expenses paid trip to any of the host country of the Forex sender By Duncan Mlanjira Two lucky winners, Mercy Sala and Daison Andrew Mongolo have earned K500,000 each in the first…

BWB stakeholders invest over 50,000 tree seedlings for 2024 forestry season of Mudi Catchment Area

March 7, 2024

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| Business, National, News

Kakhobwe Chapota leading by example * The country’s green cover needs the support from every citizen—Deputy Minister of Water & Sanitation, Liana Kakhobwe Chapota * Cyclone Freddy last year, should serve as a lesson that it is vital to conserve and protect the environment By Duncan Mlanjira Stakeholders in the private business sector, have contributed over 50,000 tree seedlings to Blantyre Water Board (BWB) for the restoration of green cover of the water utility service provider’s Mudi Catchment Area….