Business – Page 151 – Maravi Express – Your Kind of News. Clear and accurate.

Muluzi’s Nigerian business partner Dozy Mmobuosi touted to fund construction of houses for Cyclone Freddy survivors is involved in fraud allegations

June 12, 2023

| Business, International, National, News

* Hindenburg Research accused Mmobuosi’s fintech company, Tingo Group of being an “exceptionally obvious scam with completely fabricated financials” * Nigerian Communications Commission (NCC), which revealed that it has no record of Tingo being a mobile licensee at all, despite company claims of having 12 million mobile customers By Duncan Mlanjira Nigerian businessman, Dozy Mmobuosi — who was unveiled by former President Bakili Muluzi as the donor for the housing project in Phalombe to benefit Tropical Cyclone Freddy surviving…

Muloza traders attests to Parliamentary Committee on Trade that Illovo’s sugar prizes are lower in Malawi than in Mozambique

June 11, 2023

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| Business, National, News

Illovo’s Trade Representative, Andrew Kazembe explaining business strategies being implemented for Illovo to perform well * This follows calls for Illovo Sugar Malawi Plc to reduce sugar prizes being propagated by trade stakeholders and CSOs * Such Consumer Association of Malawi (CAMA); Centre for Democracy & Economic Development Initiative (CDEDI) * As well as Government itself — which are in the forefront demanding reduction of sugar prices By Duncan Mlanjira On its fact finding mission to comprehensively analyse the…

Chakwera hold bilateral talks with Egypt’s President on exchange of trade and agricultural products

June 11, 2023

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| Agriculture, Business, International, National, News

* The Egyptian delegation expressed their concern and they were sad to hear about the devastation of Cyclone Freddy * And they have requested for a report as to what happened and what are the needs — to see, how best they can support By Yamikani Yapuwa, MANA At the 22nd COMESA Heads of State and Government Summit in Lusaka, Zambia, President Lazarus Chakwera held bilateral talks with President of Egypt, Abdel Fattah El-Sis where they discussed various areas…

TNM moves to improve literacy levels

June 9, 2023

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| Business, Education, News

* Donates K2.5 million towards this year’s Malawi National Spelling Bee grand finale * To take place on June 14 at the Grand Palace Hotel in Mzuzu * Malawi National Spelling Bee Program is an annual initiative in which children do compete in spelling out words with an aim of improving literacy levels in the country Maravi Express Malawi’s pioneer mobile network and ICT services provider, TNM Plc has said sound and improved literacy level among children are key…

Bankers Association and FDH Bank’s visit to Lunzu Secondary School exposes the school’s serious perimeter security challenges

June 9, 2023

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| Business, Education, News

* The boarding school does not have a perimeter fence * Thus evil and barbaric minds of their sorrounding communities take advantage to come and steal including students’ belongings By Duncan Mlanjira Bankers Association of Malawi partnered FDH Bank to visit to Lunzu Secondary School for a mentorship session on Thursday, June 8 and the shocking part was the students had to stand in the hall because their chairs keep been stolen since the school does not have a…

South African appointed new group CEO of inq.

June 9, 2023

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| Business, International, News

* inq. Group recently completed its acquisition of Syrex, a provider of hyper-converged Cloud technology solutions * Adding South Africa to its footprint across the African continent By Duncan Mlanjira Edge and ICT solutions provider, the inq. Group — which operates in nine African markets, including Malawi and previously known as Skyband Corporation in Malawi — has appointed South African seasoned industry leader, Glad Dibetso as new group chief executive officer. Dibetso, who succeeds Nick Reed, will become CEO…

Barbaric water infrastructure vandalism put Zomba City residents at huge risk of cholera resurgence

June 9, 2023

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| Business, Health, National, News

* Repair works completed last Friday and full water supply resumed from Sunday, June 4 * People were forced to draw water from some unprotected sources such as rivers and streams * The Water Board was losing almost K14 million of daily revenue throughout the entire period of 10 days By Duncan Mlanjira As of Sunday, June 4, Southern Region Water Board resumed its full water supply for Zomba City and sorrounding areas ate its dedicated Team of engineers…

CAMA threatens to drag Water Boards to court if proposed water tariffs gets gazetted; Urges government to intervene on Illovo Sugar’s high prices

June 7, 2023

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| Business, National, News

* It is very unrealistic for Water Boards to propose for water tariffs without proper reasons when the price of water is already high * Majority of the consumers rarely have the access to piped water — which is due to poor operation of the company * * Water Boards is making losses since they lost a big percent of water due to their poor underground pipes, broken pipes * The utility boards are failing to collect water bills…

FDH Bank supports K3m towards Blantyre Police’s CCTV system in the commercial city’s CBD

June 6, 2023

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| Business, Law Enforcement, News

Mkulichi and PR Manager Lorraine Chikhula (right) hand over the cheque to Officer-in-Charge Obrey Nyirenda and Superintendent Jackson Silungwe * FDH Group is a fully homegrown entity and truly believes in supporting Malawi at large and initiatives that grow the economy and advance the country * We recently supported Limbe Police Station with cameras and monitors to boost their security monitoring system By Duncan Mlanjira After being encouraged by Blantyre Police Station’s efforts to boost security and fight crime…

Malawi Investment Summit 2023 touches on importance of energy sector to further economic growth

June 5, 2023

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| Business, International, News

* Alongside a more diverse energy mix — including solar and hydro power — the Summit also discussed cost-reflective tariffs and improved bankability of contracts * That were highlighted as essential to reassure investors and improve energy security in the country By Duncan Mlanjira Malawi Investment Summit 2023 — that attracted high-level local and international delegates and key economic stakeholders that included presence of President Lazarus Chakwera — made several resolutions that are to address barriers and explore new…