Business – Page 158 – Maravi Express – Your Kind of News. Clear and accurate.

TNM share price up on network developments

May 30, 2023

* 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…

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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| Business, National, News

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…

Ministry of Trade & Industry suspends exportation of scrap metal

May 28, 2023

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| Business, Law Enforcement, National, News

* 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 —…

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…

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…

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…

TNM scoops best internet connectivity award at 2023 ICT Expo

May 25, 2023

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TNM Chief Executive Officer, Michel Hebert accepting the award * We are humbled that our decision to invest in internet innovation continues to be noticed * As an important contributor to the country’s ICT sector and the Malawi economy * The award will inspire TNM to continue pioneering innovative and integrated mobile network and ICT services that respond to the needs of customers * We strive to bring best internet connectivity that the country can leverage to bring forth exponential transformations within the…

NICO Technologies engages companies on ‘Microsoft 365’ platform

May 25, 2023

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* Use of Microsoft 365 is a viable solution to growing businesses through digitalization * It is a platform that is enabling digital transformation and it changes how business is done * Institutions can create workflows, communication is easy with online meetings * And companies are able to keep information securely to the cloud By Victor Singano Jnr NICO Technologies, a subsidiary of NICO Group, on Wednesday brought together its clients and prospective clients with the aim of informing…

Private sector productivity a tool to the country’s prosperity—Chakwera

May 24, 2023

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* My administration has been pushing to see an uptick in productivity in three primary and most promising sectors * Of agriculture, tourism and mining, which is what I have been referred to as our ATM Strategy By Sellah Singini, MANA President Lazarus Chakwera says increasing private sector productivity is the only way to make Malawi a middle-income economy that empowers Malawians to be self-reliant. Speaking in Lilongwe on Tuesday at the Malawi Investment Summit 2023, Chakwera said the…

NICO Group supports Malawi Investment Forum with K15 million

May 23, 2023

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* It is imperative that we support initiatives that create opportunities for growth and investment * We believe that this investment forum is the beginning of more and better investment opportunities By Victor Singano Jnr NICO Group, which comprises NBS Bank and Eris Properties, has supported the Malawi Investment Forum with K15 million for the its success, which is set to be hosted by the Ministry of Trade through the Malawi Consulate General on Wednesday and Thursday (May 24-25)…