Business – Page 117 – Maravi Express – Your Kind of News. Clear and accurate.

UNDP’s 80kW solar mini-grid in Sitolo Village improves school children’s performance as they are able to study at night

March 6, 2024

* Community members, including women within Sitolo mini-grid, are benefiting from electricity * We have seen women who have managed to move from using firewood which is hazardous to their health * And the women spent hours looking for firewood — but this is not the case now—UNDP’s Africa Director, Ahunna Eziakonwa By Moses Nyirenda, MANA On tour of Sitolo Village’s 80kW solar mini-grid in the area of Traditional Authority (T/A) Ndawambe in Mchinji District, United Nations Development Programme…

MEPA fines Mapeto, FASA and two others for non-compliance of environmental standards

March 5, 2024

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* This follows inspection exercise conducted last year to several companies in Blantyre to assess their compliance levels on EMA * There were some recommendations that were made in terms of actions to undertake to deal with issues of pollution and other non-compliances that were identified during the inspection exercise By Memory Kutengule Chatonda, MANA Malawi Environment Protection Authority (MEPA) has issued environmental protection orders and administrative penalties of K3 million each to four companies in Blantyre for non-compliance…

Demographic data lost at Immigration Department after system was hacked now recovered

March 4, 2024

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* The recovery team was expanded by including IT experts from MACRA and ICT Association of Malawi * With such an army of experts working under continued vigilance of concerned Malawians, the goal of resuming passport printing services by the 21-day deadline set by the President is within reach By Duncan Mlanjira The Department of Immigration & Citizenship Services assures all Malawians holding valid passports that the demographic data loss as a result of the recent cybersecurity breach has…

Malawi’s economic recovery requires strong commitment to sustain reforms—World Bank

March 4, 2024

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* Growth is estimated to reach around 3% in 2024, primarily due to a modest easing of global commodity prices * A moderate improvement in agricultural production, and increased output bolstered by improved foreign exchange inflows By Duncan Mlanjira In its 18th edition of the Malawi Economic Monitor, the World Bank says for Malawi to sustain economic recovery and reforms, it requires strong commitment as economic growth is projected to increase — “driven by an improved macroeconomic environment and…

Malawi has now taken bold steps to stabilize the economy—World Bank

March 4, 2024

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* As published in its 18th edition of the Malawi Economic Monitor, which was presented at a stakeholders forum on February 27 * Malawi Economic Monitor provides an analysis of the country’s economic and structural development issues By Duncan Mlanjira The World Bank says Malawi has now taken bold steps to stabilize the economy but 2023 saw low growth, whose macroeconomic imbalances is expected to continue into 2024. In its 18th edition of the Malawi Economic Monitor, which provides…

CFTC proposes extra budget funding

March 3, 2024

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CFTC Executive Director, Lloyds Vincent Nkhoma * The funds allocated to CTFC are not enough to cushion the price of fuel and mobility challenges the Commission faces in undertaking its duties * Basically, this is a standard process where we annually come to present our budget and showcase to Parliament what we have achieved the previous year * We have agreed for another meeting next week where they will indicate how the extra money will be used By Levison…

Immigration Department fails to confirm or deny it has lost all Malawi Passport data

March 3, 2024

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* To update the public on the progress as and when need arises and once all efforts to resume passport services are completed * President Chakwera was the first to reveal the passport technological system was hacked by unknown people and were demanding a ransom from Malawi Government By Duncan Mlanjira Following media reports published over the weekend that exposed that passport issuance system “has been completely destroyed” to the extent that all data for passport holders has been…

Airtel Ads launched to support African businesses achieve effective and enhanced advertising reach

March 3, 2024

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Airtel Africa’s Chief Commercial Officer, Anthony Shiner * Have been designed for media agencies and businesses, streamlining the process of purchasing advertising space * The platform will leverage Airtel Africa’s extensive customer base of more than 150 million customers * Utilising data from both telecommunications services and mobile money wallets By Duncan Mlanjira Airtel Africa has launched Airtel Ads, which is described as Africa’s first integrated Demand-Side Platform (DSP), aimed at empowering advertisers and agencies to efficiently manage, purchase,…

Illovo Sugar Malawi providing water for irrigation for sorrounding Nchalo Estate communities

March 3, 2024

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* Illovo is also expected to source other partners and market opportunities while the communities will take ownership of the scheme * The scheme members finance for themselves in buying all farm inputs (seeds, fertilizer, labour for planting, weeding etc) * The diversification is through cultivating cash crops such as sugar beans and cotton, which thrives well in the climate conditions of the Lower Shire By Duncan Mlanjira Through partnership with USAID’s ‘Feed the Future Agricultural Diversification Activity’ —…

President Chakwera did not single out sugar prices to be investigated—CFTC

March 2, 2024

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The CFTC is investigating this kind of fair trading in shops * It was to investigate all price increases for any sign of unfair trading practices and provide weekly reports to the President’s office * It is not the standard practice for CFTC to name the companies under investigations before the investigations are concluded and determinations made By Duncan Mlanjira Competition & Fair Trading Commission (CFTC) has denied that President Lazarus Chakwera did not single out sugar prices or…