Category: Business

Fleming being appreciated how Mpamba e-wallet is implemented * I am impressed to see cash being disbursed using mobile phones * In other countries we visit, beneficiaries get their funds through hard cash Maravi Express Ireland Minister of state for international development & diaspora, Sean Fleming has commended his government’s partnership with TNM Mpamba Ltd for helping improve livelihoods through social cash transfers. He singled out that TNM Mpamba Ltd, a wholly owned subsidiary of TNM Plc, provides the…

Business-in-Detail Magazine symposium to tackle Buy Malawi strategy

April 12, 2023

* A platform that explores investment opportunities in Malawi; business ideas; how to succeed * As well as uniting entrepreneurs, corporate companies and business moguls in one place * Speakers are Minister of Trade & Industry, Simplex Chithyola Banda; former Cabinet Minister, Atupele Muluzi and business motivational speaker, Benedicto Bena Nkhoma By Duncan Mlanjira Amongst topics to be discussed on challenges being faced in the country’s business sector and providing its solutions, Business-in-Detail Magazine’s symposium on April 27 is…

NICO Life introduces ‘Zonse Savings Plan’ to provide holder with life cover

April 11, 2023

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NICO Life CEO Eric Chapola * This product has been designed to make it easier for our customers to plan out their lives and those of their loved ones * Hence the name Zonse, to encapsulate the fact the policy provides multiple benefits in one By Victor Singano Jnr In an effort aimed at creating easiest way for customers to plan out their lives and those of their loved ones, NICO Life has introduced a new product named ‘Zonse…

Illovo Sugar MD Katandula, retired banker Bena Nkhoma, ServiceTouch founder Mulele amongst 8 Inspiring Malawians

April 10, 2023

* Wealth Malawi recognises some inspiring men and women who have been at the heart of building a leadership, entrepreneurial narrative and culture in Malawi * They range from corporate executives to thought leaders and practical business people and personalities * Who have made a fortune, impact and inspire many within the Warm Heart of Africa and beyond By Duncan Mlanjira In its latest edition, Wealth Malawi — a magazine for entrepreneurs, professionals and business professionals — has named…

Load-shedding reduced to 5hrs from 10hrs during morning, midday and evening peaks

April 10, 2023

Load-shedding schedule for Monday and Tuesday * EGENCO’s emergency diesel generators are scheduled to run for 8 hours daily * Currently there is some available capacity of 9.5MW * This compares poorly with the installed diesel power capacity of 46MW * Imports from ZESCO (Chipata) and EDM (Mandimba) are averaging 5.0MW * With 5.0MW available from Mulanje Hydro Limited (NDIZA) for 24 hours daily By Duncan Mlanjira Following the restoration of 64.4 megawatts (MW) from two of four machines…

Need for increased power generation as only 18% of Malawians have access electricity

April 8, 2023

| Business, Education, National, News

* As Community Energy Malawi (CEM) commissions K1.3 million solar energy hub at Mzepa Primary School in Balaka * There is a need to have universal access to energy by the year 2030 * We commend CEM and Scottish government for the intervention which is producing 125 KwH of electricity By Joseph Story, MANA Only 18% of Malawians have access to electricity and an officer in the Ministry of Energy, Alinafe Kasinja says there is need to increase interventions…

Electricity load shedding frequency to reduce following the 50% restoration of Kapichira’s power generation

April 7, 2023

The dam and intake at Kapichira * ESCOM still has a power supply deficit and the load shedding will continue until the power supply meets or exceeds the demand * The power demand presently stands at close to 400MW against availed capacity of 276MW * The four machines at Kapichira Power Station generate 129.4MW, which was all lost due to Cyclone Ana By Duncan Mlanjira Following the restoration of 64.4 megawatts (MW) from the two machines out of four…

Finance Minister Gwengwe applauds NBM Development Bank commitment for empowering local SMEs

April 7, 2023

Gwengwe delivering his speech at the function * The Bank is taking care of the needs of the SMEs, which are the engine for growth of any nation * A country cannot develop if SMEs are sidelined and not supported by both government and the private sector By Victor Singano Jnr Malawi’s Minister of Finance, Sosten Gwengwe has commended NBM Development Bank, a subsidiary of National Bank of Malawi (NBM) for showing commitment in playing a vital role of…

Standard Bank’s head of consumer business wins continental Women Bankers Award

April 7, 2023