Business – Page 164 – Maravi Express – Your Kind of News. Clear and accurate.

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

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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

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* 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

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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

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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

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* First woman bank executive in Malawi and Standard Bank to be picked for the Angaza Awards * Along with her long list of accomplishments, she pioneered the first roll out of Bancassurance in Malawi Maravi Express Standard Bank Plc’s Head of Consumer Business Unit, Charity Mughogho has been named among the top 10 women bankers shaping Africa’s financial services sector by the continental Angaza Awards. Mughogho, who heads Standard Bank’s consumer and high net worth clients (CHNW) segment…

Airtel Malawi launches e-Sim technology to improve customers mobility

April 7, 2023

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Airtel’s MD Charles Kamoto (right) and MACRA DG Daud Suleman launching the e-Sim * To provide a platform to the customers to be able to use multiple numbers on one device making it environmental friendly * To reduce production of sim-card — turning the world more greener and improves the network connections By Victor Singano Jnr Airtel Malawi Plc says the introduction of the newly launched e-Sim technology will help to ease customers mobility which has been major challenge…

CDH Investment Bank supports first of its kind Malawi Exporter Awards

April 5, 2023

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The awards ceremony on day 1 * We firmly believe that our investment in exports would contribute towards improving foreign exchange * And also improve the standard of living for Malawians—CDHIB’s Capital City Banking Centre Manager, Mangaawuma By Duncan Mlanjira CDH Investment Bank (CDHIB) has supported Malawi Investment & Trade Centre (MITC) to successfully hold the inaugural Malawi Exporters Awards ceremony, which is underway at Bingu International Convention Centre till Thursday. The Malawi Exporters Awards is an initiative aimed…

TNM boosts public universities’ ICT infrastructure

April 3, 2023

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* We would like to underscore our commitment to contribute towards ICT development in the country * We are creating capacity for them to be able to test the deployment of enterprise architecture * Comprising of database servers, application servers and presentation layers, among other functions Maravi Express Malawi’s pioneer mobile network and ICT services provider, TNM Plc, has invested ICT servers to the country’s four major public universities and two technical colleges to improve their technology infrastructure and…

3.4MW power lost off the national grid from privately-owned Muloza Hydro Power Station due to Cyclone Freddy

April 3, 2023

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After and before * The development has increased the deficit in available power supply and thus necessitating the load-shedding * CEDAR Energy has been supplying to estates, businesses, and residential premises * To tea growing and manufacturing districts of Thyolo, Mulanje and Phalombe By Duncan Mlanjira The effects of a cyclone has once again incapacitated the energy sector as Freddy destroyed infrastructure for Muloza Hydro Power Station which was supplying 3.4 megawatts (MW) of power — catering for over…