Business – Page 118 – Maravi Express – Your Kind of News. Clear and accurate.

FDH Bank commits K61.6m investment into Mary’s Meals Malawi’s school feeding programme

March 2, 2024

* The bank understands that for the country to develop and build responsible citizens, it requires to have educated people * Hence the need to provide enough support to school children and also reduce dropout rates By Victor Singano Jnr As one way of fulfilling one of its pillars of the corporate social responsibility, FDH Bank Plc on Friday committed funds worth K61.6 million to Mary’s Meals Malawi to help in its school feeding program for a period of…

Illovo Sugar Malawi being hit hard by rampant theft of sugarcane and company equipment

March 2, 2024

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| Business, Law Enforcement, News

Screenshot of the video that captured people stealing the sugarcane * People are taking advantage of the desperate hunger situation the country is reeling of in this lean food insecurity season * It was unfortunate that Illovo is being targeted in this way yet when need be, the company always reaches out to its neighbouring communities in times of disaster and serious food shortages By Duncan Mlanjira Illovo Sugar Malawi Plc, which is being hit hard by rampant theft…

FCB launches another civil servant promotion dubbed ‘Aweluke’

March 1, 2024

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| Business, News

* Monetary prizes include K250,000 to 3 people in each month with the second prize being K3 million respectively * The promotion is also mainly aimed at commending the good services civil servants provide to the government By Victor Singano Jnr In an effort aimed at giving back to its customers, First Capital Bank (FCB) Plc has launched a new promotion loan facility civil servant — dubbed ‘Civil Servant Aweluke’ to apply for a minimum of K1 million and…

Standard Bank deposits its annual 20m contribution into MUST Endowment Fund

March 1, 2024

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| Business, Education, News

* This is the third contribution from Standard Bank which brings the total investment to K60 million out of the pledged K80 million * The MUST Endowment Fund was established in 2021 to assist needy students and enhance resource mobilization and so far has grown to K3.4 billion By Duncan Mlanjira Standard Bank Plc has deposited its K20 million annual contribution to the Malawi University of Science and Technology (MUST) Endowment Fund in fulfilment of the bank’s four-year commitment…

Airtel Africa and Cisco revolutionizes secure connectivity for businesses in Africa with Network-as-a-Service offering

March 1, 2024

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| Business, International, News

* At Cisco, we believe that every organization would benefit from simplifying powerful technology * Together with Airtel Africa, we are reducing networking complexities and securely connecting the world through NaaS By Duncan Mlanjira Airtel Africa, on Wednesday February 8, has announced a ground-breaking expansion of its service portfolio in collaboration with Cisco to empower businesses to seamlessly embark on their digital transformation journey by offering Network-as-a-Service (NaaS) solutions across various service platforms. Cisco Systems is an American multinational…

Government snubs Techno Brain offer to assist on Malawi passport saga

February 28, 2024

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| Business, National, News

President Chakwera told Parliament that the system was hacked * Techno Brain has no connection to the cyberattack on the system * We have deep empathy for the Malawian citizens and it was in that spirit that it engaged the government to offer solutions By Duncan Mlanjira Techno Brain has distanced itself from any connection to the alleged cyberattack on the Malawi e-passport system, saying it transferred and completely handed over the operations and administration system to the Department…

Nkhata Bay benefits from Linga Irrigation Scheme

February 27, 2024

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| Agriculture, Business, News

* From the 1,000 hectares designed, 450 hectares of land have been utilized, through which farmers have managed to produce 900 metric tonnes of rice and 12 metric tonnes of beans * In the next farming season, we’ll be adopting new technologies called system of rice intensification whereby we expect to double three times the initial production realized By Tawonga Moyo, MANA The establishment of Linga Irrigation Scheme in Nkhata Bay, the biggest of its kind in the country,…

Government needs monthly implementation monitoring of elements presented in 2024-2025 Budget—Chief Economist Chifipa Mhango

February 27, 2024

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| Business, National, News

Chifipa Mhango’s Don Consultancy Group’s moto is: ‘Unlocking African Solutions’ * Malawi as a country has massive potential and resources towards a strong economic growth trajectory * However, a strong political will towards monitoring of all initiatives by Government remains imperative By Duncan Mlanjira The 2024-2025 National Budget that was presented in the National Assembly on Friday and is under debate, “has some positive elements to support a pro-poor approach and the only obstacle could be implementation”. This is…

Private sector incentivised for tax waive if it invests in construction of hostels for tertiary students

February 27, 2024

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| Business, Education, National, News

University of Malawi Chancellor College campus, one of tertiary institutions that need private sector assistance on accommodation * As part of the Tax Policy Measures of the 2024/2025 National Budget under discussion in Parliament * Which was presented on Friday by Minister of Finance & Economic Affairs, Simplex Chithyola Banda * “The private sector can also play a crucial role in complementing the Government’s efforts” By Duncan Mlanjira While acknowledging and committing to close the gap over deplorable living…

‘If economic growth targets of 3.2%-4.8% are to be achieved, government needs to contain appetite for debts and over spending’

February 27, 2024

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| Business, National, News

* As Standard Bank Plc sees hope for Malawi through the 2024-2025 National Budget * Success of implementation of this budget, and Malawi’s economic recovery, will hinge on the boldness, courage and commitment by all stakeholders By Duncan Mlanjira Finance & Economic Affairs Minister Simplex Chithyola has his work cut out for him — he must reduce government’s borrowing appetite and reign in expenditure controls if the ambitious economic growth targets of 3.2%-4.8% are to be achieved by 2025….