Business – Page 126 – Maravi Express – Your Kind of News. Clear and accurate.

Standard Bank forum outlines sticky economic issues

December 21, 2023

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

| No Comments

| 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…

Ecobank Malawi secures US$10m Trade Finance Guarantee to boost Malawi’s food security

December 18, 2023

| 1 Comment

| Business, News

French Minister Chrysoula Zacharopoulou (centre), her delegation and Board chairperson Symon Msefula and his Ecobank team after the signing ceremony in Lilongwe * It will help to facilitate the development of trade relations between Malawian importers and international exporters * Proparco guarantees suppliers against the risk of non-payment, thereby strengthening the capacity of Malawi’s importers By Duncan Mlanjira Proparco, a subsidiary of Agence Française de Dévelopement Group, has signed a US$10 million Trade Finance Guarantee with Ecobank Malawi —…

Chiyamwaka elected Public Relations Society of Malawi Board chairperson

December 17, 2023

| 1 Comment

| Business, News

* He leads a team of notable individuals that brings expertise and perspectives to the organization’s helm * Geared towards innovative and impactful initiatives within the country’s realm of public relations Maravi Express Board of Trustees of Public Relations Society of Malawi (PRSM) have elected seasoned communications and PR expert, Baldwin Chiyamwaka as chairperson to lead the team in providing strategic oversight and administration of the PR body. Chiyamwaka leads the board that comprises notable individuals including seasoned lawyer…

Malawi’s Tobacco Law set to improve returns for growers and the country’s revenue—Agriculture Minister Kawale

December 12, 2023

| No Comments

| Agriculture, Business, National, News

* To increase foreign exchange earnings; remove grower restrictions and curb exploitation * It will also enhance sustainability of the tobacco industry and enhance compliance to local and global standards Maravi Express If assented to by President Lazarus Chakwera, the Tobacco Bill which the National Assembly recently passed will propel Malawi to have a robust legal framework for the tobacco industry that shall enhance tobacco production, its marketing as well as improve returns for growers and revenue to country….

TNM Plc launches massive K50m Christmas prize promotion with grand prize of K10m

December 11, 2023

| No Comments

| Business, National, News

Chief Executive Officer, Michel Hebert * The promotion will end in February through which TNM will reward customers with fabulous cash and non-cash prizes * This Christmas promotion is a means through which we are appreciating our customers for standing by us through thick and thin By Duncan Mlanjira TNM Plc, the pioneer mobile network company in Malawi, has kicked off the festive season for its customers with a K50 million Christmas promotion from which the grand winner shall…

Police CCTV cameras set to be live for Blantyre CBD in 3 weeks time; As CDHIB invests K2m towards its completion

December 11, 2023

| No Comments

| Business, Law Enforcement, National, News

CDHIB’s Ivy Kwatiwani presents the cheque to Superintendent Jackson Silungwe * Building owners in various hot crime spots have been engaged where they are mounting the cameras * Starts with 14 cameras around hot crime spots but aims to procure more than 50 cameras * CDHIB is committed to supporting partnerships and investing in initiatives that provide national development agenda By Duncan Mlanjira Blantyre Police has assured the public that the closed circuit TV (CCTV) camera system it has…

Long service awards creates the spirit of dedication among employees—NICO Life Insurance

December 9, 2023

| No Comments

| Business, News

The awardees with Chief Executive Officer-designate, Wise Chigudu * It gives courage and joy to see our employees staying in the company for more than 10 years * This shows that NICO as an employer is nurturing their growth and provides a platform for them to show their talent or to be able to contribute to the organization By Victor Singano Jnr NICO Life Insurance introduced long service awards in order to celebrate as well as appreciate the efforts…

Doctors play a critical role in overall growth of Malawi—TNM

December 8, 2023

| No Comments

| Business, Health, National, News

Jonazi (right) hands over the assistance to SMD member, Dr. Parth Patel * TNM puts keen interest in issues that bind our communities together and uphold wellness of Malawians * Doctors are integral in the provision of excellent healthcare services that cut across every individual By Duncan Mlanjira Malawi’s pioneer mobile network and ICT services provider, TNM Plc, believes that medical doctors play a critical role in the overall growth of Malawi and commits itself towards sustaining the positive…

Government to act on Salima Sugar corruption saga

December 7, 2023

| No Comments

| Business, Law Enforcement, National, News

* Over US$30 million has been misappropriated by the company through various dubious deals for the past years * The Attorney General’s office is taking swift and decisive action to recover the stolen funds By Sarah Munthali & Gift Chiponde, MANA The Attorney General Thabo Chakaka Nyirenda has assured Malawians that his office is working on recovering over US$30 million and bring to book the perpetrators involved in the Salima Sugar Company Limited corruption. Chakaka Nyirenda said this at…