Business – Page 144 – Maravi Express – Your Kind of News. Clear and accurate.

MultiChoice Africa announces withdrawal of DStv services following MACRA’s court injunction prohibiting tariff adjustment

August 8, 2023

* Maintains that MultiChoice Malawi does not offer the DStv service to the public * And, therefore, cannot set or adjust tariffs for this service, a point repeatedly made to MACRA * The Court order handed down to MultiChoice Malawi is incapable of being implemented by them * But carries with it grave consequences for the directors and management of MultiChoice Malawi, including imprisonment By Duncan Mlanjira Following today, August 8’s High Court of Malawi’s order directing MultiChoice Malawi…

CDH Investment Bank invests K1.5m towards Bankers Association of Malawi Lakeshore Conference

August 8, 2023

| No Comments

| Business, News

* As part of appreciating the advocacy role that BAM plays in uniting and guiding commercial banks in the country * Theme is significant as they provides a forum for stakeholders to discuss and brainstorm action plans on how to improve our nation * On top of what is already being done, in terms of the country’s economic revitalization By Duncan Mlanjira CDH Investment Bank has assisted Bankers Association of Malawi (BAM) with K1.5 million towards the hosting of…

High Court orders MultiChoice Malawi to comply with injunction not to implement DStv tariff adjustment

August 8, 2023

| 1 Comment

| Business, Courts, News

* MACRA expects MultiChoice Malawi will comply with the High Court’s directive without any further delay * Any person who disobeys the High Court’s order of injunction may be found guilty of Contempt of Court and liable to imprisonment By Duncan Mlanjira The High Court of Malawi sitting in Lilongwe has today, August 8 issued an order directing MultiChoice Malawi to comply with the order of injunction which was granted to Malawi Communications Regulatory Authority (MACRA) on July 29th…

CAMA implores on government to provide adequate forex for cement manufacturers to import raw materials

August 8, 2023

| No Comments

| Business, National, News

* Ministry of Trade & Industry to allow importation of cement to traders that have capacity to enable consumer’s access cement at affordable prices * The Ministry to deploy its trade officers to monitor and inspect cement distribution and pricing on the market By Duncan Mlanjira Concerned with high prices of cement on the market, which has been triggered by its low production and supply which unscrupulous traders have taken advantage to push up the prices, Consumers Association of…

High Court maintains order for CFTC to refund K2.1bln it fined Airtel Malawi Plc

August 7, 2023

| No Comments

| Business, Courts, News

* We are happy with the judgement but we can’t comment further as the matter is still in court—Airtel Malawi’s Norah Chavula-Chirwa * The High Court also upheld CFTC’s determination that Airtel Malawi’s conduct was unconscionable and unreasonable * And ordered Director of Public Prosecutions (DPP) to review the evidence in the matter and commence criminal proceedings By Duncan Mlanjira The High Court has upheld the order that its Civil Division made on July 12 for Competition & Fair…

Malawi losing hefty sums through questionable transactions—Reverend Maulidi

August 6, 2023

| No Comments

| Business, National, News, Religion

* Media reports over the weekend that indicated Malawi has to payback about K273 billion * Following the cancellation of a fertilizer supply contract with East Bridge of Romania By Duncan Mlanjira Reverend Baxton Maulidi, who is the All African Council of Churches AACC Economic Justice & Accountability Ambassador in Malawi, has described as unfortunate the continued loss of funds by the Malawi government through dubious transactions. Rev. Maulidi, who is also the deputy General Secretary for CCAP Blantyre…

Case of DStv tariff adjustment drags on as High Court extends MultiChoice Malawi’s temporary stay of injunction

August 5, 2023

| No Comments

| Business, Courts, Entertainment, News

* MultiChoice Africa Holdings is unable to revert to the old DStv tariffs * Claiming that reversing the tariffs would cause damage to its business and operations in Malawi and several other countries By Duncan Mlanjira MultiChoice Malawi has been granted an extension to their temporary stay of injunction against Malawi Communications Regulatory Authority (MACRA) that was issued on July 31 for a period of 4 days that expired on Friday, August 4. The extension is up to Monday,…

FDH Bank’s ’Usampatse Timpatsa!’ promotion rewards 15 lucky customers in first draw

August 4, 2023

| No Comments

| Business, News

* The promotion is FDH Bank’s contribution towards inculcating a cashless transaction culture * It has been welcomed by customers as they are transacting on digital platforms By Duncan Mlanjira One lucky customer Yamikani Chitimbe won a PlayStation 5 while two, Mateso Banda and Eliza Maston went away with Iphone 14 Pro Max with 12 receiving K50,000 cash in the first draw of the FDH Bank’s #Usampatse Timpatsa!# promotion. The promotion — that was launched in June and to…

TNM to award customers and agents with bumper bonus as incentives for new connections

August 4, 2023

| No Comments

| Business, News

Head of Innovations at TNM, Joshua Sichinga * New customers will receive 1.4G in bonus data bundles, 200 bonus minutes and 200 bonus SMS * For every new SIM card bought when they recharge with at least K200 on Mpamba By Duncan Mlanjira Pioneering mobile network and ICT services provider, TNM announces a bumper offer of free airtime and data for every new SIM card purchase for new customers and resellers of SIM cards. Head of Innovations at TNM,…

ICON Properties Plc admits global economic hiccups as a major high cost of living contributor

August 1, 2023

| No Comments

| Business, News

Chief Executive Officer, Ellen Chapinduka-Nyasulu * Managed a good increase in terms of share price due to the rental growth recovering as well as the fair value * The company has been doing good and we’ve managed to refurbish some properties * Which are now driving income at more than 150%-200% of what they should’ve been getting if they were not maintained By Victor Singano Jnr ICON Properties Plc has described the current global economic challenges as the major…