Business – Page 145 – Maravi Express – Your Kind of News. Clear and accurate.

FCB targets to recruit, activate 10,000 clients through ‘Changu pa Foni’ promotion

August 1, 2023

Head of Marketing Twikale Chirwa * Digital platforms are recommended by Malawi government as well as the Reserve Bank of Malawi * Encourages people to migrate to digital because that is the only reliable way which is safer, secure as well as convenient By Victor Singano Jnr In order to ensure that every customer is safe and secure by using digital platforms, First Capital Bank (FCB), says through its products called ‘FirstApp and First Mobile’, is targeting to recruit…

BWB engages with customers on need for cost effective tariffs

July 31, 2023

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* We are satisfied that Blantyre Water Board is justified to adjust the tariff * Because we have seen for ourselves how complicated water production is By Duncan Mlanjira In its turnaround strategy in order to serve better through cost-effective tariffs and to sustain the gains it shall earn in the long run, Blantyre Water Board (BWB) took customers to Walker’s Ferry to appreciate that there is huge cost attached to production of potable water all the way from…

Malawian company Recapo Solar Systems signs distributor partnership with ENGIE Energy Access

July 31, 2023

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* Recapo is the leading supplier of solar electricity and accessory products to rural and semi-urban communities in Malawi * Under the agreement, Recapo will be selling ENGIE Energy Access’s products and related services * Since 2014, Recapo Solar Systems has pioneered the use of renewable energy to replace traditional resources By Duncan Mlanjira ENGIE Energy Access, the leading Pay-As-You-Go (PAYGO) and mini-grids solutions provider in Africa, has signed a partnership agreement with Recapo Solar Systems Limited, in which…

OPC applauds STVP management team for commendable progress of the largest irrigation project in Southern Africa

July 31, 2023

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* The PDU brought together all government MDAs for the site visit in Chikwawa * And engage them to discuss the roles and responsibilities expected from each MDA in the project * To identify gaps to be addressed in order for the project to achieve its intended goals considering its complex nature By Duncan Mlanjira After a site visit to Chikwawa to appreciate the progress of the Shire Valley Transformation Programme (STVP), the Office of the President & Cabinet,…

MACRA warns public to be on high alert against heightened cyber attacks in COMESA region

July 30, 2023

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* Its resulting in severe disruptions to critical information infrastructure, across various sectors * These online attacks have the potential to affect anyone due to the interconnections between countries By Duncan Mlanjira Malawi Computer Response Team (mwCERT) of the Malawi Communications Regulatory Authority (MACRA) announces of recent cyber-attacks that have targeted several countries in the COMESA region, resulting in severe disruptions to critical information infrastructure, across various sectors. In a statement, MACRA Director General, Daud Suleman says “these online…

‘Policy lending rate hikes by RBM will add more pressure on borrowers’

July 30, 2023

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* The current level of lending rate is the highest since 2017–Chief Economist Chifipa Mhango * And clearly highlights the difficult path the Malawi economy is under currently By Duncan Mlanjira Revered economist, Chifipa Mhango says the hiking of policy lending rate by the Reserve Bank of Malawi (RBM) by 200 basis points, from 22% to 24%, did not come as a surprise as this is what he already projected. He said “in an economic environment where the currency…

MACRA granted injunction stopping MultiChoice from effecting DStv tariff adjustment

July 29, 2023

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* To remain in effect until the ongoing judicial review is concluded — which Multichoice Malawi initiated against MACRA * Any attempt to implement tariff changes or adjustments during this period will be a violation of the court order and could result in legal consequences By Duncan Mlanjira Malawi Communications Regulatory Authority (MACRA) has obtained an interim injunction from the High Court in Blantyre, which This injunction prohibits Multichoice Malawi from making any changes or modifications to DSTV tariffs,…

Mzuzu resident wins K1 million grand prize in First Capita Bank’s Zanga Phee’ promotion

July 28, 2023

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* Since the promotion was launched in April the bank disbursed K10 billion in loans to civil servants in response to their needs By Victor Singano Jnr Mzuzu-based, Crivis Chirwa has won the grand prize of the whooping K1 million of First Capital Bank (FCB) ‘Zanga Phee’ civil servant loan Promotion. He was confirmed the winner during the grand draw held on Thursday in Blantyre at FCB’s head office in Blantyre and in his remarks, Head of Marketing, Twikale…

CFTC case to refund Airtel Malawi Plc K2.1bln goes back to Court

July 28, 2023

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* CFTC was given 14 days to refund the funds but the Commission an extension of time within which to repay the money * Whilst awaiting the hearing of application for a stay on the ruling scheduled for August 7 By Duncan Mlanjira The Competition & Fair Trading Commission (CFTC), which was ordered by the High Court Civil Division on July 12 to refund Airtel Malawi Plc the K2,113,099,006 which the Commission imposed on the mobile phone service provider…

BWB charges K8 per 20liter bucket but Water Users Association demands K50 a bucket

July 27, 2023

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* The decision to allow the kiosks to be privately managed was to empower the kiosk managers * But at the same time to provide the services at reasonable charges since they were to supply water at very low charges By Duncan Mlanjira Blantyre Water Board (BWB) plans to reclaim water kiosk which it entrusted to be privately managed after taking serious note that while the Board charges K8 per 20liter bucket, Water Users Association (WUA) demands K50 a…