Business – Page 122 – Maravi Express – Your Kind of News. Clear and accurate.

Ndirande resident Isaac Kumbuyo wins K1m of Chibuku Shake-Shake promotion

February 6, 2024

Kumbuyo (in red) plans to use the money to venture into livestock farming * The promotion was a success as it managed to meet its objective of celebrating with their customers during the festive season * It brought a great impact in as far as improvement of sales volumes are concerned By Victor Singano Jnr A 46-year-old Blantyre-based man, Isaac Kumbuyo from Ndirande Township is smiling after winning K1 million in Chibuku Shake-Shake promotion which ran from December 15,…

Vandalism of water infrastructure on the rise in Mzimba

February 6, 2024

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* Unknown people are removing bolts, nuts and metallic clamping strips designed to secure the pipes to concrete pillars * This tendency is uncalled for — people should learn to take care of public infrastructure By Joel Phiri, MANA Vandalism of water infrastructure is on worrisome increase in Mzimba South which poses great danger to sustainable provision of potable water to communities. In the wake of reports that some unknown evil minds of vandals are tampering with water transmission…

Karonga water supply project to install 10,000 free connections

February 5, 2024

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* The project has 10,000 water connection materials and at the moment, there are more than 9,500 applications * Over 189,000 people in Karonga and surrounding areas to benefit for the project, which is expected to be finished by next month By George Mponda, MANA Northern Region Water Board (NRWB), through Karonga Town water supply project, is expected to install 10,000 free connections to enhance accessibility to potable water for its residents and surrounding areas. NRWB Board chairperson, Frank…

Agriculture Minister Kawale assures farmers produce markets will be readily available

February 5, 2024

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| Agriculture, Business, National, News

* The Ministry has liaised with Pyxus Holdings, Paramount Holdings, Nasfam, ADMARC and National Food Reserve Agency * Pyxus Holdings will be buying a lot of groundnuts; Paramount Holdings to concentrate on soya * NASFAM will be buying maize, beans, groundnuts and chilli which will be value added for export By Monica Tambala, MANA Minister of Agriculture, Sam Kawale has assured farmers of government’s commitment to provide markets for them to sell their farm produce at profitable rates come…

Newly-appointed NICO Life CEO Wise Chigudu challenges to create more business partnerships

February 5, 2024

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* Chigudu has succeeded Eric Chapola — who retired after serving in various positions at NICO Group for a period of 20 years * There has been a lot of positives under my successor because he was very much dedicated to the work By Victor Singano Jnr The newly-appointed Chief Executive Officer (CEO) for NICO Life Insurance, Wise Chigudu says he is committed to fight hard in bringing more partners who can help the company’s business grow as well…

District Councils advised to enhance locally generated revenue

February 4, 2024

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NLGFC’s meeting with Neno District Council on Thursday * The only challenge is that sometimes the strategies that are put to enhance local revenue generation are not implemented * We need to be realistic when developing these strategies so that we realise tangible changes By Salome Gangire National Local Government Finance Committee (NLGFC) has advised District Councils to develop strategies that are attainable and implementable so that they can enhance locally generated revenue and realise their goals. Speaking on…

Finance Minister advises NEEF administrators to more innovative in recovering its loans

February 4, 2024

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* In order to maximize recoverability, NEEF can recover farmers’ loans directly from their bank account instead of being chasing to repay * Loan conditions should be flexible so that many people, including the working class, can access them so long as they have the ability to repay By Monica Tambala Minister of Finance & Economic Affairs, Simplex Chithyola Banda, has encouraged National Economic Empowerment Fund (NEEF) administrators to be more innovative in recovering loans from farmers in order…

26 LUANAR graduates successfully sets up greenhouse farming after accessing K163.9m funding through AGCOM

February 2, 2024

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* Their first harvest was in August 2023 and so far, they have harvested 5,357kgs of tomatoes and 1,277kgs of peppers * They have invested in construction of greenhouses; drilling of borehole, purchase of water pump and solar power system * They have a 3-tonne refrigerated van as well as construction of the manager & guard houses By Duncan Mlanjira After accessing funding from Agricultural Commercialisation (AGCOM) facility, a group of 26 students who graduated from Lilongwe University of…

FCB introduces Valentines Day campaign dubbed ‘Okondedwa Kuinganso Kachikena’ campaign

February 2, 2024

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* We believe that love comes in many forms and we want to celebrate that with our followers who are digital users * This is not just a campaign, it’s a way for us to express our gratitude and strengthen the bond we share with our digital followers By Victor Singano Jnr As one way of fostering a stronger bond between the bank and its digital users clients through creative expression of love, First Capital Bank (FCB) Plc has…

MPs asked to consider increasing resources for NEEF agricultural loans facility

February 2, 2024

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* We are here to inspect progress of those that benefitted from the loans through NEEF * This points to the direction that we are going to have a food secure season this year when we harvest By Monica Tambala, MANA Minister of Information & Digitalisation, Moses Kunkuyu, has appealed to Members of Parliament, who are set to start deliberations on February 9, 2024, to ensure that the National Economic Empowerment Fund (NEEF) is allocated more resources some of…