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Category: Business

Significant milestone for EGENCO, ESCOM as they migrate from manual to digital system in energy generation control
November 8, 2023
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The street parade led by Malawi Police brass band along Victoria Avenue * Energy Minister Ibrahim Matola applauds the two power utility service providers for their partnership * Towards introducing the system that is expected to improve the quality of supply and system reliability By Duncan Mlanjira Minister of Energy, Ibrahim Matola has described as a significant milestone on the automatic generation control (AGC), which Electricity Generation Company (EGENCO) and Electricity Supply Corporation of Malawi (ESCOM) has collaborated to…

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Successful conclusion of FDH Bank ‘Usampatse-Timpatsa’ promotion aimed at inculcating cashless society
November 7, 2023
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Conclusion of the promotion on Tuesday * The promotion has indeed been welcomed by their customers as they have recorded a high number of digital transactions * It was mooted in order to inculcate a cashless society, which is the modern day business practice in this digital era By Duncan Mlanjira The FDH Bank ‘Usampatse-Timpatsa’ promotion has been concluded and has achieved its objective that encouraged the Bank’s customers and the public at large to transact their businesses using…

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New Minister of Finance takes different approach to solve Malawi’s economic problems by engaging chiefs on economic recovery
November 6, 2023
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* He has already met Public Affairs Committee, faith leaders, CSOs, chairperson of various Parliamentary Committees and leaders all of political parties * The meeting with the chiefs was to familiarise them on how the economy can be recovered through collective approach By Duncan Mlanjira Newly-appointed Minister of Finance & Economic Planning, Simplex Chithyola Banda has taken a different and unconventional approach to solve Malawi’s economic problems by engaging traditional leaders on economic recovery. A report by public broadcaster,…

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ESCOM, EGENCO move in to improve electricity system stability
November 6, 2023
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* This is to ensure balance between generation and load demand, frequency as well as power interchange with other systems * AGC is a modern way of operating and controlling generators to improve frequency regulation and system stability By Peter Kanjere Electricity Supply Corporation of Malawi (ESCOM) Limited and Electricity Generation Company (EGENCO) Malawi Limited will on Wednesday launch Automatic Generation Control (AGC) to improve system stability by introducing generation fast response to power demand changes in real time….

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TNM staff enjoy MaHape moments by conquering Mulanje Mountain’s Sapitwa peak
November 5, 2023
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* Sapitwa is just the beginning — we look forward to having other experiences * Like Nyika Plateau, Livingstonia Machewe Falls, Salima 7 Hills, Mulanje Lichenya, Minunu and others * We believe that through these tourist destinations, TNM can benefit by creating a strong presence By Duncan Mlanjira Hiking up the great Mulanje Mountain up to Sapitwa Peak, the highest point on the massif at 3,002m above the sea level and also the highest point in Malawi, is not…

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MACRA making positive strides in SIM cards and mobile gadgets registration process
November 3, 2023
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* So far, the Central Equipment Identification Registry (CEIR) has been connected to Airtel and TNM networks * The consultation for the SIM cards Regulations was completed which will bring a new layer of cyber crime security By Ernest Mfunya, MANA Malawi Communications Regulatory Authority (MACRA) Director General, Daud Suleman says they are making positive strides in the implementation of the Central Equipment Identification Registry (CEIR), which is meant to register all mobile gadgets and SIM cards in the…

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TNM’s Best Commercial of the Year Outdoor Award from IMM celebrates MaHape innovations
November 2, 2023
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* The award-winning ideas is the depiction of a busy woman making a call while her GSM handset is strapped to her head with a rubber hand * The creative sends the message about the power of TNM’s services and products to create happiness and memorable moments By Duncan Mlanjira The Best Commercial of the Year Outdoor Award that TNM Plc attained from the 2023 Institute of Marketers in Malawi (IMM) awards gala, celebrates Malawi’s pioneering mobile network and…

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UK unites with global partners to accelerate development in world’s poorest countries through artificial intelligence
November 1, 2023
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British Prime Minister Rishi Sunak unveiling the programme at the AI Safety Summit * A new global partnership to use AI to solve some of the developing world’s most pressing challenges  * To fund safe and responsible AI projects for development around the world, beginning in Africa * To support home-grown AI expertise and computing power in Africa and help the continent’s AI innovators boost growth and support the continent’s long-term development By Duncan Mlanjira The United Kingdom (UK)…

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Malawi engineers focused to “build back better” to mitigate effects of climate change on infrastructure
October 31, 2023
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* It is the theme of 2023 Malawi Engineering Institute’s conference & annual general meeting * Engineering-based institution EGENCO supports the conference with K5 million By Duncan Mlanjira In order to mitigate the effects of climate change, that the country has experienced in recent years due to tropical cyclones Idai, Ana, Gombe and Freddy — that devastated public and private infrastructure — Malawi engineers are now focused to “build back better”. This is the theme of the 2023 conference…

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Ecobank Malawi launches ‘Save as You Spend’ account to encourage a savings culture
October 31, 2023
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Ecobank Malawi’s Head of Consumer Banking, Sophie Kalambule * The product allows customers to automatically save a percentage of their spending transactions * The SAYS account, with zero monthly fees, is designed to help customers build up their savings while they spend on their everyday needs * Customers can choose to save between 1% and 10% of their spending transactions * Which will be transferred from their current account to their SAYS account that offers attractive interest rates and…

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