Category: Business

* 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 that includes US$1,000 pocket upkeep and US$200 for accommodation per night * Every collection of the inbound remittances automatically qualifies a customer to enter into the promotion By Duncan Mlanjira In what is seen as its contribution towards gaining much-needed forex into the country, FDH Money Bureau has launched a…

FDH Financial Holdings Limited invests close to K1 billion in solar energy

January 31, 2024

* In the 2023 which has just ended, six service centres of Chiponde, Chiradzulu, Ntcheu, Dedza, Mchinji, and Chitipa were completed * The project is further completing incorporation of solar energy at 18 additional centres * Of Neno, Goliati, Luchenza, Mponela, Ntchisi, and Jenda in the next few months By Duncan Mlanjira In its commitment to embrace renewable energy for a sustainable future, FDH Financial Holdings Limited is investing close to K1 billion in solar energy in powering its…

ESCOM launches fruit tree planting exercise in Neno along Mozambique-Malawi power interconnection stretch

January 30, 2024

* Set to distribute over 42,950 fruit tree seedlings of mangoes, guavas, lemons, oranges, avocado pears and others * For communities in Mwanza, Neno and Balaka to harvest and sell for their economic livelihood * The MO-MA contractor has contributed extra 32,000 fruit tree seedlings as part of its CSR By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM) has launched a massive replacement of trees cut down along the stretch of the Mozambique-Malawi (MO-MA power interconnector project by…

CDH Investment Bank appoints Mkavea as new CEO, Beatrix Mosiwa as deputy

January 29, 2024

* Looking to the future, CDHIB is committed to more growth and enriched banking innovations that support businesses * Our promise of exceptional service to all stakeholders remains steadfast—Board Director, Kofi Sekyere By Victor Singano Jnr CDH Investment Bank (CDHIB), the country’s leading investment bank and corporate financial advisory service institution, has appointed Thoko Mkavea as the new chief executive officer (CEO) & managing Director while Beatrix Mosiwa is the deputy CEO and executive director. The company, through its…

CFTC warns against anti-competitive trade practices regarding Illovo sugar

January 29, 2024

| Business, Law Enforcement, National, News

* The include hoarding of sugar at distributor level; exorbitant pricing of the product beyond the recommended retail price * Tying the purchase of sugar to the purchase of other products and charging higher prices for sugar while issuing lower valued receipts By Duncan Mlanjira Competition and Fair Trading Commission (CFTC) says it has noted with concern reports regarding the proliferation of anticompetitive and unfair business practices emanating from the alleged shortage of sugar on the market. Over the…

Media encouraged to increase awareness of the implementation of MW2063

January 26, 2024

* If we only concentrate on reporting fully on what is working well then were are missing the point * But we need to balance up and also report on what is not working well—USAID consultant Francis Okello By Rosalia Kapiri Chief of Party of Banyan Global — consultants under United States Agency for International Development (USAID), Dr Francis Okello said the Malawi media should increase awareness of the implementation of MW2063 national vision. He said this today at…

K86 billion of NEEF loan disbursed so far to 158,000 clients across the country

January 26, 2024

* As President Chakwera tips small-scale business operators on wealth creation at an interface meeting * His administration values inclusive wealth as enshrined in the MW2063 national vision By Memory Kutengule Chatonda, MANA President Lazarus Chakwera has called on small-scale business operators to explore untapped opportunities available in the country for them to generate wealth. He made the remarks on Thursday at Sanjika Palace during an interface meeting with small-scale business operators — including car dealers, tailors, call boys, mini…

TNM introduces new easy and simple to use Mpamba Menu

January 25, 2024

* Customers will be able to make auto-reversals for any wrong transaction while steps on the menu have been shortened * It has been made it easy for customers to easily find what they are looking for on the menu Maravi Express TNM Plc, the pioneer mobile network company, has revised its menu on Mpamba mobile money to simplify accessibility and customer transactions on the platform. TNM’s Head of Brand & Marketing, Madalitso Jonazi says this is a response…

‘Inflation in Malawi economy continues to rise to record levels with food prices escalating raising serious concerns for poor masses’ welfare’

January 24, 2024