Business – Page 167 – Maravi Express – Your Kind of News. Clear and accurate.

Illovo Sugar Malawi donates cholera medical supplies worth K20m to Limbe Health Centre

February 11, 2023

Katandula hands over the medical supplies to Facility Incharge, Dorah Mwafulirwa * Blantyre is one of the districts which has been hit hard with cholera cases at 6,032 cumulative and 186 deaths as of Friday * When the first cases were reported, we did not expect the figures to rise as fast as they did * But come December and January this year, it was like an explosion of cholera cases with over 200 cases reported per day *…

ESCOM introduces advanced industrial LED Tube to reduce 30% of lighting power demand

February 8, 2023

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* Targeting replacement of 415,000 fluorescent tubes to save over 9.3 megawatts (MW) on the national grid * Electricity lighting is estimated to account for around 30% of power demand in the country * Lighting is thus a very important aspect of the demand that ESCOM had to consider * In addressing electricity demand-capacity gap in the county through public awareness campaigns and direct interventions By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM) has introduced and advanced LED…

Malawi Energy Minister Matola featured highly in worldwide call for global early warning systems to protect energy infrastructure

February 8, 2023

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Matola: Everyone is impacted by the reality of climate change * As well as to protect vulnerable populations as storms cost lives and so do blackouts * Here in Malawi, I’m confident that we wouldn’t be in the present situation if this system had been in place * When Cyclone Ana knocked out the Kapichira, we lost 130 megawatts (MW) of capacity, leaving us with persistent blackouts * People lost businesses that rely on electricity — because energy is…

Illovo Sugar Malawi net profit increases by 30% from K20.5bn to K26.6bn; Dividend declared at K14.9bln

February 8, 2023

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Illovo MD addressing the investors * Key challenges faced during the period included high rates of inflation on key inputs and forex shortages * 2023-2027 strategy is to safely produce at least 330,000 tons of sugar per year through improved agricultural yields * Exports voluntarily suspended to meet domestic consumption to protect supply and demand By Duncan Mlanjira Illovo Sugar Malawi Plc announced that the company has made a net profit of K26.6 billion in the 2022 financial year…

From life as a street kid to a star-performing business development and marketing consultant; Success story of a positive dreamer Michael C Walker

February 8, 2023

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He is an author of financial books * Life in the streets is tricky, it’s about survival of the fittest * The weak die of cold, violence, diseases and hunger * The environment was tough because I was sleeping under bridges and markets * But I went to school where I did my primary education in just 5 years * As they made me skip some classes because I was a genius By Duncan Mlanjira Michael C Walker is…

FCB launches Valentines promotion dubbed ‘Okondedwa First Capital Bank’ whose prize is K1m

February 7, 2023

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* Entrants to post on FCB Facebook page all forms of art and creativity — specifically ‘if the Bank was your Bae’ * The Warm Heart of Africa is synonymous with love and our brand asserts that belief comes first * We believe in the talent that is available in Malawi By Duncan Mlanjira First Capital Bank (FCB) has from Monday, February 6, rolled out a K1 million winner-takes-it-all Valentines Day-themed competition dubbed ‘Okondedwa First Capital Bank’ — in…

MultiChoice Talent Factory, SAE Institute offering fully-funded online course to 300 media professionals launched in 8 African countries

February 6, 2023

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The online course orientation has already been done * SAE Institute is a world leader in creative media education established in 1976 * The online short courses have been tailor-designed by MTF and SAE to fulfill production knowledge gaps that exist within the industry By Duncan Mlanjira MultiChoice Talent Factory (MTF) has partnered with SAE Institute by offering fully-funded online short courses to 300 media professionals from Malawi, Zambia, Angola, Mozambique, Tanzania, Uganda, Kenya and Nigeria. A statement from…

Malawi needs permanent solution that will lead to self-sufficiency—Thomas Ngoma

February 5, 2023

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Thomas Ngoma — a UK-based Malawian executive management consultant with over 35 years’ experience * CBA is a proven monetary policy that can address the economic challenges immediately and permanently * Including tackling both the monetary policy discipline as well as curtailing government wastage and deficits By Duncan Mlanjira Malawi cannot continue going around the world with a begging bowl for financial help but needs a permanent solution that will lead to self-sufficiency to address the chronic shortage of…

UK-based Malawian executive management consultant Thomas Ngoma envisions investors’ confidence in Malawi economy to increase

February 5, 2023

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Ngoma (centre), a graduate from the Polytechnic in Mechanical Engineering Summary of Industry Skills & Experience (1986) * It will attract foreign savers to deposit their money in Malawi commercial banks * Thereby contributing to the accumulation of the foreign reserves * Foreign direct investment (FDI) to Malawi will increase because of the stable economy * And because the risk of kwacha exchange devaluation will be eliminated By Duncan Mlanjira Thomas Ngoma — a UK-based executive management consultant with…

Minister Abida Mia commend BWB’s strides in combating cholera outbreak

February 3, 2023

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Mia being appraised of progress made * Opened all the disconnected kiosks and schools taps who were owing Blantyre Water Board in bill arrears * The mutual overdraft arrangement will assist people in low density areas in accessing safe and clean water By Victor Singano Jnr, Correspondent Minister of Water & Sanitation, Abida Mia has expressed satisfaction with measures put in place by Blantyre Water Board (BWB) which are aimed at combating cholera outbreak in the city. On Thursday,…