Business – Page 157 – Maravi Express – Your Kind of News. Clear and accurate.

AGCOM-supported ACADES impresses World Bank

May 2, 2023

* This is a community founded initiative that is taking advantage of a small seed funding * To create more value in form of more productivity, more products, more livelihoods and a very ambitious business plan By Susan Hara, MANA The success story of ACADES — an agricultural producer organisation that received financial support from the Agricultural Commercialisation (AGCOM) — has impressed a visiting World Bank delegation, led by Managing Director of Operations, Anna Bjerde. AGCOM is funded by…

National Addressing System project kick-starts in Central Region

May 1, 2023

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* The current national budget allocated funds for the exercise with an expectation to have all works completed within the financial year * We need to make people in our communities be well aware of this project and its benefits for it to be a success By Nellie Kapatuka, MANA Malawi Communications Regulatory Authority (MACRA) says government has allocated funds to implement the National Addressing System project in Central Region districts during the 2023/24 financial year. This was disclosed…

CFTC encourages companies to develop compliance policies for early detection to address danger areas

May 1, 2023

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* The consequences of failing to comply with competition and consumer protection law are serious * They include fines, imprisonment for up to five years, civil actions by third parties and reputation damage By Duncan Mlanjira The Competition and Fair Trading Commission (CFTC) Executive Director, Lloyds Vincent Nkhoma said they are never happy to investigate and order fines against businesses that have flouted regulations — thus he has encouraged companies to develop compliance policies. A statement from CFTC quotes…

Airtel Africa, UNICEF reaffirm commitment to accelerate access to quality education across Africa

April 29, 2023

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* The joint commitment aims to ensure that every child reaches their full potential * Airtel Africa is cognizant of the great value education contributes to our nations across the continent * Which is why we are very deliberate in promoting education and empowering our people By Duncan Mlanjira Airtel Africa and UNICEF launched a US$57 million 5-year academic partnership in 2021, to accelerate the roll-out of digital learning for children by connecting schools to the internet and ensuring…

MERA assures public of availability of petrol

April 28, 2023

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* The challenges have been resolved and loading is now in progress at both ports * Supply has already been restored in some service stations By Duncan Mlanjira Malawi Energy Regulatory Authority (MERA) takes cognizance that in the past few days some parts of the country have been experiencing sporadic supply of petrol, which was due to challenges that importers faced at the loading ports of Dar es Salaam in Tanzania and Beira in Mozambique. However, MERA assures the…

High Commission in SA to host Malawi Investment Forum to impress on potential international investors

April 28, 2023

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Malawi High Commissioner to South Africa, Her Excellency, Stella Ndau * From May 24-25 at The Emperors Palace, Kempton Park in Johannesburg * Under the theme ‘A Prosperous Malawi Through Strategic Investment Partnerships’ * First time of its kind for Malawi to host such a platform for potential investors in South Africa and beyond * Aimed at engaging with high ranking government officials from key Ministries, Departments & Agencies, state-owned enterprises as well as private sector partners By Duncan…

Innobuild clearing Area 38 dumpsite as CSR initiative

April 27, 2023

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Works in action * As a Malawian firm, we just want to help our fellow citizens to clear the place using our own resources * As it has now become a breeding ground for so many diseases, including cholera and malaria By Fazilla Tembo, Correspondent Innobuild Company has embarked on removing waste dumped along Six Miles, Area 38 to Area 23 road, popularly known as Mtaya in Lilongwe as part of its corporate social responsibility (CSR). The company’s Chief…

Malawi’s inflation outlook has worsened mainly due to unforeseen domestic shocks—RBM Governor

April 27, 2023

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* Policy rate was raised to 22.0% and the liquidity reserve requirement (LRR) ratio on domestic currency deposits to 5.75% * The LRR ratio on foreign currency deposits and the Lombard rate maintained at 3.75% and 20 basis points above the Policy rate, respectively By Duncan Mlanjira The Monetary Policy Committee of the Reserve Bank of Malawi (RBM) — which meets quarterly to review recent economic developments and decide on the monetary policy stance, has disclosed that the “inflation…

CEAR implores community members to take part in securing railway properties against vandalism

April 27, 2023

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* Let us avoid vandalising as well as encroaching railway lines to avoid future problems * We can take a proactive stance and try to prevent such problems. Such tendency degrades the country’s development By Mercy Nsaliwa, MANA Central East African Railways (CEAR) — in conjunction with Chileka Police — have launched an awareness campaign against encroachment and vandalism of railway lines around Chileka area with an aim of sensitising community members to take part in securing railway properties….

Malawi’s membership to Smart Africa Alliance beneficial—Chakwera

April 27, 2023

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* Going digital is the only way to attain most of the social and economic developments both locally and globally * Digitalization and development are like twins — they may not have born on the same day but they go together * We joined the Smart Africa Alliance to learn from those using digitalization to enforce good developments in their respective countries By Lydia Maganga, MANA at Victoria Falls, Zimbabwe President Lazarus Chakwera has stressed by joining the Smart…