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

‘Access to finance remains a major obstacle to growth of domestic investment in Malawi’

January 9, 2024

* Government should introduce a preferential corporate tax of 25% for a period of up to 3 years upon listing when a company raises new capital for the business — i.e. an offer for subscription By Duncan Mlanjira There are currently only 16 companies that have been listed on the Malawi Stock Exchange (MSE) since its establishment in 1994 and this places the MSE as one of the smallest in the southern African region in terms of the number…

2024-25 National Budget to focus on recovery and cushioning the economy from the effects of recent policy changes Government has implemented

January 8, 2024

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| Business, National, News

* As Minister of Finance Simplex Chithyola Banda dates stakeholders for the Pre-budget consultation meeting * Stakeholders’ views, inputs and suggestions are critical to support Government in its aspiration to build and grow the economy By Duncan Mlanjira The 2024-25 national budget will be formulated with optimism and will focus on recovery and cushioning the economy from the effects of recent policy changes Government has implemented. This has been assured by Minister of Finance & Economic Affairs on Monday…

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

January 7, 2024

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| Business, Courts, News

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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| Business, News

* 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…