Business – Page 125 – Maravi Express – Your Kind of News. Clear and accurate.

Industrial Relations Court chides AG’s office for failing thrice to attend court proceedings

January 7, 2024

Attorney General Thabo Chakaka Nyirenda * For the laissez faire attitude when executing their work at the expense of tax payers resources * Court services and orders must always be respected by the State * I would urge officers responsible in the office of the Attorney General to ensure that this tendency is checked and put to rest * Orders Government to pay Brian Banda over K103 million as compensation for unfair dismissal By Duncan Mlanjira In the matter…

Airtel Africa CEO Ogunsanya retires with effect from July 1, 2024

January 2, 2024

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| Business, News

* But he still remains in the business family as he will become the Airtel Africa Charitable Foundation’s inaugural chairperson * Which is set to accelerate the company’s commitment to its sustainability initiatives and charitable operations By Duncan Mlanjira Having served for over 12 years at Airtel Africa Plc where he rose to the rank of chief executive officer (CEO), Olusegun Ogunsanya — popularly addressed as ‘Segun’ — will retire from the his position with effect from July 1,…

Love Builds Community targets to raise K6.9m though Big Walk towards assisting 22 needy university students

December 27, 2023

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| Business, Education, National, News

* This year alone, the initiative has assisted 11 students from MUBAS and 5 of them have finished their studies * The five male and six female were identified as needy through MUBAS Dean of students and also the class reps and some confirmation from the community By Duncan Mlanjira Love Builds Community, a social enterprise introduced under the Yohane Banda Foundation in 2023 assist needy students who are struggling with academic and accommodation fees, has organised a Big…

CFTC alerts consumers to be vigilant against misleading and deceptive pricing of commodities

December 23, 2023

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| Business, Law Enforcement, National, News

* Consumers are already reeling from increases in prices which emanated from * It is imperative that they spend their hard earned cash on goods and services that offer value for money * As CAMA advises the public to be responsible and spend their scarce resources prudently By Duncan Mlanjira The Competition and Fair Trading Commission (CFTC) is alerting consumers to be vigilant on the market against possible unfair trading practices — especially during this festive season when suppliers…

Airtel Africa registers its 150 millionth customer; Malawi at over 6.8 million

December 22, 2023

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| Business, International, News

* Focused on further expansion, increased innovation, and continued investments to ensure a digitally empowered future for all * This is just the beginning of a journey that will see many more milestones in the coming years By Duncan Mlanjira Airtel Africa Plc, which has a presence in 14 countries primarily in East Central and West Africa, has registered its 150 millionth customer with Malawi at over 6.8 million as at half year ended June 30, 2023. And going…

Government reaffirms commitment to transform lives through agriculture commercialisation

December 21, 2023

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| Agriculture, Business, National, News

* We have about 15 cooperatives that are ready in various value chains, such as sorghum, soy beans, mangoes and groundnuts once the water starts flowing * We want to register even more cooperatives to ensure widespread benefits, not just in cultivation but also in agribusiness processing By Leah Malimbasa, MANA Minister of Trade & Industry, Sosten Gwengwe has reaffirmed government’s commitment to transforming lives through agriculture commercialisation and flagship projects including the Shire Valley Transformation Project (SVTP). Speaking…

Malawi media need to adjust accordingly to changing environment in terms of technology—MACRA

December 21, 2023

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| Business, Education, National, News

* In their daily operations and thinking and further urged them to be proactive in adopting the new technology platforms * This year’s conference was held under the theme; ‘Shaping the Future of Broadcasting through Digital Technologies’ By Eunice Disi Lole, MANA Radio and television broadcasters must embrace digital technologies in order to capture the new emerging markets, as well as new listeners and viewers looking for content on demand. This was said by Malawi Communications Regulatory Authority (MACRA)…

Ecobank unveils exclusive year-end loan campaign with a one-month repayment break

December 21, 2023

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* Effective immediately and extends throughout the month of December to January 2024 * Providing eligible individuals with an opportunity to embrace the holiday season with financial ease and freedom By Duncan Mlanjira Ecobank Malawi has launched a special year-end loan campaign, with a one-month repayment break on all new loan applications during the Festive Season. This is a beacon of financial relief and joy for its esteemed customers and non-customers throughout the festive season and the Pan African…

Standard Bank forum outlines sticky economic issues

December 21, 2023

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| Business, National, News

Convenor, Standard Bank Chief Executive Phillip Madinga * The forum concluded with high-level commitments to restore the country’s macroeconomic stability and put fundamentals back on the track of recovery * Attended by key stakeholders, Minister of Finance; Minister Trade & Industry; donors; government economic agencies and the private sector Maravi Express Economic stakeholders have asked the government to urgently correct misalignment of the country’s exchange rate by allowing the Malawi kwacha to float freely and guaranteeing public accountability of…

RBM likely to hike interest rates following the 6.2% rise in inflation rate—Chief Economist Chifipa Mhango

December 20, 2023

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| Business, National, News

* This is just the first round effects, we should expect secondary effects that will take Malawi inflation rate to 40% * The first round effects will be like immediate increases in transport costs, then the secondary will be the impact of such on production value chain etc By Duncan Mlanjira The next move for Reserve Bank of Malawi (RBM) is to hike interest rates further from its current high lending rate of 24%, says Chifipa Mhango, Chief Economist…