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Category: Business

Zimbabwe President Mnangagwa granted freedom of Lilongwe City
June 1, 2023
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| Business, International, National, News

* He is expected to hold a number of official engagements with his counterpart Lazarus Chakwera * Which include bilateral talks and visiting areas that were affected by Tropical Cyclone Freddy By Tiyanjane Nandie Mambucha & Rachel Gonani, MANA Zimbabwe President, Comrade Emmerson Dambuzo Mnangagwa has been granted freedom of Lilongwe City by the Mayor, Richard Banda upon his arrival in Malawi on Wednesday for a three-day state visit. Accompanied by President Lazarus Chakwera and Vice-President Saulos Chilima, Mnangagwa…

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All set for EGENCO to host high-level Association of Power Utilities of Africa annual meetings as CDHIB supports with K1m
June 1, 2023
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* The meetings will support the national agenda to propel the energy sector development and ultimately promote economic growth * The will contribute towards improving our nation’s socio-economic status by enhancing our innovations in the energy sector By Duncan Mlanjira CDH Investment Bank (CDHIB) recognises that for the country’s energy sector to be strong, there is need for collaborative efforts in partnership with other African countries — thus its support of K1 million donated to Electricity Generation Company (EGENCO)…

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FDH Group supports K5m towards 3rd edition of Wealth CEO Summit set for Lilongwe on July 28-29
June 1, 2023
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Nkunika (right) hands over the cheque to Chima  * To be discussed under the theme ‘Redeeming MW2063 through Collaborative Business Leadership’ * This is “a high-level platform that hinges on development of a business and entrepreneurial ecosystem * Including SME’s in Malawi to become key drivers of the economy in creating jobs among others By Duncan Mlanjira In support of the Wealth Chief Executive Officer (CEO) Summit as a catalyst for economic growth in the country, FDH Bank has…

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Illovo Sugar Malawi Plc donates hi-tech ICT servers for Malawi University of Science & Technology
May 30, 2023
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| Business, Education, News

* It is also the company’s appreciation of the importance that technology plays in education as well as business in today’s world * These servers are not just a piece of hardware, but a high-performance computing solution that provides data storage, processing, and management capabilities By Duncan Mlanjira In its belief in the power of education and recognizing its role it has to play towards its advancement, Illovo Sugar Malawi Plc has donated hi-tech ICT servers to Malawi University…

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TNM share price up on network developments
May 30, 2023
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* The trajectory of recent positive developments includes pilot launch of the 5G network * As well as revised pricing structure, appointment of new CEO, Michel Hebert * And resilient and uninterrupted network services during the devastating tropical Cyclone Freddy Maravi Express A report by the Malawi Stock Exchange (MSE) indicates that the share price of TNM Plc increased from K17.94 in April to K28 in May — coinciding with positive developments around the company’s network improvements and core…

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Malawi’s leadership implored to address with speed IMF’s areas of concern on qualification for extended credit facility
May 28, 2023
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President Chakwera with IMF’s Mika Saito last week * Malawi fiscal performance requires urgent review so that the country is seen to be aligning to the agreed targets * Although the country has faced some challenges, recently attributed to natural disasters, the fiscal imbalances created by strong spending appetite are not necessarily a new thing By Duncan Mlanjira The recent poor rating by the International Monetary Fund (IMF) on Malawi economic reform progress is a cause of concern and…

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Ministry of Trade & Industry suspends exportation of scrap metal
May 28, 2023
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* All licences which were issued before this notice stand revoked and no export of scrap metal shall be entertained * There is empirical evidence that those involved in the malpractice, sell the materials as scrap metal * To fulfil their business requirements which is not in tandem with our national development agenda By Duncan Mlanjira Following the increased vandalism of infrastructure for Electricity Supply Corporationof Malawi (ESCOM); waterboards, telecommunication and the railway Ministry of Trade & Industry —…

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Civil servant wins solar power system panel in first draw of FCB’s ‘Zanga Phee’ promotion
May 27, 2023
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Head of Marketing, Twikale Chirwa * 10 others awarded FCB branded T-shirts each in the promotion that was rolled out last month * Customers are expected to to apply for a loan of a minimum of K1.2 million or to consolidate and top up their existing loans * The grand prize is K1 million at the end of three months in July By Victor Singano Jnr Civil servant Shema Daudi was rewarded solar power system panel in the first…

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23-year-old Kenyan lady has her money gift worth million of Shillings forfeited to government
May 26, 2023
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| Business, Courts, International, News

* After it was established that the gift was the product of money laundering * Sent by billionaire Marc De Mesel, a Belgian YouTube crypto personality * Who did not explain or disclose the source of the money Maravi Express The High Court in Kenya has allowed the government to confiscate a Sh102 million love gift that was sent to a 23-year-old student named Felista Nyamathira Njoroge by her billionaire boyfriend who is abroad. A report by Nation Media…

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SMEDI’s Board of Trustees stimulates staff to increase visibility and ensure more businesses benefit its services
May 26, 2023
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* Visits Mzuzu offices to familiarise themselves with the its facilities and to motivate SMEDI staff * Staff poised to take on the challenge and ensure that more businesses strives from their services By Duncan Mlanjira As a reminder of the critical role Small & Medium Enterprises Development Institute (SMEDI) plays in supporting micro, small and medium enterprises (MSMEs) in Malawi, the Board of Trustees visited the institution’s offices in Mzuzu on Thursday where they stimulated the staff on…

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