Business – Page 150 – Maravi Express – Your Kind of News. Clear and accurate.

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

July 31, 2023

* 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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| Agriculture, Business, National, News

* 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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| Business, National, News

* 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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| Business, Courts, Entertainment, News

* 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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| Business, News

* 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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| Business, Courts, News

* 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…

From K1.9bln revenue that BWB generates in a month, K1.3bln goes towards ESCOM bill; To implement independent solar power production

July 27, 2023

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* A solar farm shall be constructed at its 12-hectare land at Nguludi pumping station * The high ESCOM cost is through the long distance Walkers Ferry because of gradient * Which is further assisted by Kameza booster pumping station in Chileka By Duncan Mlanjira From the numerous production costs that Blantyre Water Board incurs to provide reliable and affordable water supply services to its customers, the cost of power from Electricity Supply Corporation of Malawi (ESCOM) for pumping…

NICO Group donates four CCTV cameras to Blantyre Police

July 27, 2023

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| Business, Law Enforcement, News

* Security is paramount in the society as it contributes to the development of every country * As such, it is our belief that the cameras will play a big role in supporting Malawi Police in their operations * We are very sure that once they’re put in use our city will be crime free By Victor Singano Jnr As one of way of contributing to smooth security operations and reduce crime rate in the city, NICO Group on…