Business – Page 138 – Maravi Express – Your Kind of News. Clear and accurate.

RBM revises foreign currency dominated accounts

October 19, 2023

* As the country is facing acute forex scarcity, that has led to serious shortage of fuel, RBM is finding more measures to control the forex trading Maravi Express As part of the Exchange Control Guidelines, the Reserve Bank of Malawi (RBM) has revised and amended the conditions applicable for all foreign currency dominated accounts (FCDAs). FCDA is account maintained in another currency other than the currency of the country in which the bank is located and the operation…

CFTC intensifies inspections on farm inputs

October 15, 2023

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CFTC’s public relations officer, Innocent Helema * There has been an improvement in product labelling by seed and other input manufacturers in terms manufacture and expiry dates * Generally, traders that sell farm inputs are complying with the Competition and Fair Trading Act By Duncan Mlanjira Following instances where some farm inputs were not indicating expiry dates or dates of manufacture — mostly on imported products — Competition & Fair Trading Commission (CFTC) & has intensified inspections on such…

Malawian electric bike innovator boosts users’ profitability

October 14, 2023

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* SGV Mobility’s goal is to manufacture 40,000 electric bikes annually within the next four years * To demonstrate significant cost savings and carbon reductions, and to export to neighboring countries By Praise Alemekezeke Dzenza, MANA SGV Mobility, a Kanengo-based electric motorcycle manufacturer has revealed that its electric motorcycles are significantly enhancing profitability for customers, delivering an impressive 88% reduction in operational costs. In an interview on Thursday, founder Colin Sargent said the company has overcome initial challenges, such…

Illovo Sugar Malawi officially hands over 10 tricycles to grand prize winners of Tseketseke Kuma Last promotion

October 13, 2023

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* This was a sequel of 2020 ‘Iponyereni Kwakuya ndi Illovo’ and last year’s ‘Iponyereninso Kwakuya’ * In Illovo Sugar’s quest of seeking innovative ways to reward its loyal customers and consumers By Duncan Mlanjira Illovo Sugar Malawi Plc has officially handed over fantastic prize of tricycles worth K9 million each to 10 lucky winners who were identified during the Tseketseke Kuma Last promotion the company ran from May to June that was worth K157 million in prizes. This…

President Chakwera officially opens Nkhudzi Bay water supply plant that is to cater for over 92,000 Mangochi households

October 13, 2023

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* Access to clean water has far-reaching effects on the economic life of any community * The benefits go beyond the obvious uses of drinking, cleaning, cooking, and bathing * It prevents the spread of diseases in our communities, improves the delivery of health services in our hospitals * And maintains an environment in which people can thrive mentally and emotionally By Duncan Mlanjira Delighted after officially opening Southern Region Water Board (SRWB) Nkhudzi Bay water supply plant, President…

Smile, TNM’s new loyalty program is here

October 13, 2023

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* Smile Rewards is the latest addition to TNM’s MAHAPE * A communication campaign platform that celebrates broad range of data, GSM and digital transactional products and services By Duncan Mlanjira Malawi Stock Exchange-listed telecommunications and technology service provider, Telekom Networks Malawi (TNM) Plc, has launched a new loyalty bonus program dubbed Smile Rewards that aims to give customers more value for their usage by offering bonus minutes points on their usage and the special occasions that matter to…

President Chakwera’s full speech at the launch of 1,069-hectare KAMA Cooperative Mega Farm

October 11, 2023

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Ladies and Gentlemen, when you are the youngest in the family, you find yourself surrounded by older people who are convinced they know better than you, powerful people who police you and tell you what you can’t and shouldn’t do. And if you are not careful, this can cause you to develop a mindset of timidity, a mindset that has you believing that you do not have what it takes to do great feats. In fact, in extreme cases,…

President Chakwera launches 1,069-hectare cooperative mega farm in Chikwawa

October 11, 2023

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* 193 members in T/A Katunga and Maseya expected to benefit from mechanised commercial farming * We are called an agro-based economy yet we produce so little. We need to produce more and export more By Leah Malimbasa, MANA President Lazarus Chakwera officially launched the 1,069-hectare Katunga-Maseya (KAMA) Cane-growers Cooperative Mega Farm in Chikwawa District, a mechanised commercial farming which is expected to benefit 193 members from the areas of Traditional Authorities Katunga and Maseya. The government injected K5.3…

Blantyre City Council opens two bypass streets to ease traffic flow

October 10, 2023

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By Duncan Mlanjira Blantyre City Council has opened two roads to motorists to ease traffic flow in the city through the new bypasses from the junction to Queen Elizabeth Central Hospital, Chipatala Road to Kamba in Soche Township and the junction into Lali Lubani from Makata Road all the way to Kenyatta Drive at Chinyonga. In a public statement, Blantyre City Council alerts motorists that the roads are still in the final stages of construction and must be used…

Postal services still relevant—Malawi Posts Corporation on World Post Day

October 10, 2023

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People transacting in Blantyre Post Office service hall * Everything is going on well that is aimed at keeping the company afloat * Amid technological advancements that have rendered posting mail almost obsolete By Tikondane Vega, MANA Despite the advent of new technology in the communication sector, Malawi Posts Corporation (MPC) services are still relevant, stressing that the corporation has been diversifying services as part of its turnaround strategy. MPC’s Head of Public Relations, Ida Nkolimbo said this on…