Menu

Category: Business

MPs asked to consider increasing resources for NEEF agricultural loans facility
February 2, 2024
| No Comments
| Agriculture, Business, National, News

* 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…

Read More

Airtel Africa plc posts US$2m profit after tax in 3rd financial quarter ended December 31
February 1, 2024
| No Comments
| Business, News

* Sustained operating momentum despite continued foreign exchange headwinds * This strong operating performance has limited the impact that currency movements have had on the Group * Intention is to to buy back up to US$100 million worth of shares starting early March 2024 over a 12-month period By Duncan Mlanjira Airtel Africa Plc reports that for 3rd financial quarter (Q3) that ended December 31, it has posted US$2 million profit after tax. However, the performance has primarily been…

Read More

Posted in Business, News Comments Off on Airtel Africa plc posts US$2m profit after tax in 3rd financial quarter ended December 31
FDH Money Bureau launches Golden Reunion promotion that entices Malawians in diaspora to send money to their loved ones back home
January 31, 2024
| No Comments
| Business, News

* 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…

Read More

Posted in Business, News Comments Off on FDH Money Bureau launches Golden Reunion promotion that entices Malawians in diaspora to send money to their loved ones back home
FDH Financial Holdings Limited invests close to K1 billion in solar energy
January 31, 2024
| No Comments
| Business, News

* 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…

Read More

Posted in Business, News Comments Off on FDH Financial Holdings Limited invests close to K1 billion in solar energy
ESCOM launches fruit tree planting exercise in Neno along Mozambique-Malawi power interconnection stretch
January 30, 2024
| No Comments
| Business, National, News

* 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…

Read More

Posted in Business, National, News Comments Off on ESCOM launches fruit tree planting exercise in Neno along Mozambique-Malawi power interconnection stretch
CDH Investment Bank appoints Mkavea as new CEO, Beatrix Mosiwa as deputy
January 29, 2024
| No Comments
| Business, News

* 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…

Read More

Posted in Business, News Comments Off on CDH Investment Bank appoints Mkavea as new CEO, Beatrix Mosiwa as deputy
CFTC warns against anti-competitive trade practices regarding Illovo sugar
January 29, 2024
| No Comments
| 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…

Read More

Media encouraged to increase awareness of the implementation of MW2063
January 26, 2024
| No Comments
| Business, National, News

* 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…

Read More

Posted in Business, National, News Comments Off on Media encouraged to increase awareness of the implementation of MW2063
K86 billion of NEEF loan disbursed so far to 158,000 clients across the country
January 26, 2024
| No Comments
| Business, National, News

* 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…

Read More

Posted in Business, National, News Comments Off on K86 billion of NEEF loan disbursed so far to 158,000 clients across the country
TNM introduces new easy and simple to use Mpamba Menu
January 25, 2024
| No Comments
| Business, News

* 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…

Read More

Posted in Business, News Comments Off on TNM introduces new easy and simple to use Mpamba Menu