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Category: Business

Standard Bank releases its second K20m of K80m investment towards MUST’s Endowment Fund
January 19, 2023
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| Business, Education, News

Nuka and Prof Malata signing the agreement * Standard Bank believes that investment in education contributes positively to the overall growth of our nation * The fund we are disbursing today will help students to acquire the desired education at the same time improving education standards at MUST By Duncan Mlanjira Standard Bank Plc has released its second phase of K80 million investment towards the Endowment Fund for Malawi University of Science & Technology (MUST), which was set up…

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Malawi Digital Archive project to support acceleration of e-commerce in copyright sector—COSOMA
January 19, 2023
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Minister Usi at the launch * It will also help to commercialize creative goods through digitization of copyright works in sectors * Such as music, film, photography and literature * The project will provide a committed mechanism for COSOMA to support the creative industry By Petro Mkandawire, MANA Malawi Digital Archive project — initiated by Copyright Society of Malawi (COSOMA) and will encourage artists to participate in storing their works for the next generation as well as improve the…

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BWB’s stakeholders Water Users Associations abusing management of water kiosks in low income areas
January 19, 2023
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Deputy Minister Bande leads by example that cholera prevention is through hygiene such as handwashing  * Many kiosks managed by Water Users Associations (WUA), are not functional * Because of poor management, vandalism and theft of meters as well as low water supply pressure By Duncan Mlanjira Water & Sanitation Deputy Minister, John Bande has advised Blantyre Water Board (BWB) to take stronger action over abuse of management of water kiosks in the district’s low income areas for maximum…

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First Capital Bank leads in mourning passing on of Filipe Marques who facilitated 12.5m Euros facility for Malawi’s SME agriculture sector
January 19, 2023
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* Felipe will be remembered as an inspiring and vibrant individual, filled with great optimism * Which left a memorable mark on those he met and worked with. May his soul rest in eternal peace By Duncan Mlanjira First Capital Bank leads Malawi business community in mourning the passing on of Filipe Marques, who facilitated 12.5 million Euros facility to First Capital Bank through the European Investment Bank (EIB) to benefit the country’s small & medium enterprises (SMEs) in…

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Suspected thief of K6.5m at Gateway Mall arrested after being captured on CCTV; K2.174m recovered
January 19, 2023
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| Business, Law Enforcement, National, News

The suspect Fradrick Nyamula * The CCTV footage went viral on social media showing Nyamula continuously surveying the vehicle * After he parked his Honda Fit next to the X-Trail * He tried to open the passenger door but was unsuccessful * His accomplice circled around the car park before parking a vehicle away from the X-Trail By Natasha Muthete, MANA & Duncan Mlanjira, Maravi Express Lilongwe Police Station has arrested Fradrick Nyamula, 39, who was caught on CCTV…

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First Capital Bank officially honours K5m promotion prize to school teacher winner to pursue his Masters Degree
January 19, 2023
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All smiles for Maganga as he receives his cheque * This is very good news that has happened to me * This is proof that these promotions are real * My life has changed completely, and I am very delighted By Duncan Mlanjira The grand prize winner of First Capital Bank ‘K5 Million Ipite’, Marion Bester Maganga — a teacher at Chisukulu Day Secondary School in Machinga — is now geared up to further his academic credentials of pursuing…

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FDH Bank Swipe & Dash promo successfully inculcates culture of cashless shopping
January 19, 2023
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* We decided to involve even those who are account holders of other banks but using out PoS gadgets * Each month, two winners were identified to dash-shop for groceries worth K300,000 in 60 seconds * There were also monthly two winners of K60,000 fuel vouchers each month K60,000 shopping voucher each By Duncan Mlanjira The exciting Swipe & Dash promotion, which FDH Bank introduced in August till December 2022 to encourage customers to have a culture of using…

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PowerHouse International Church partners reputable experts for first-ever financial summit by a church
January 19, 2023
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Rev. Benedicto Nkhoma — a former top executive for NBS Bank, who retired after 29 years of service * It takes determination for one to achieve big dreams * Let us all teach ourselves to work with our hands and mind and face the reality for a better tomorrow * Most people fear to start a business of some kind for fear of the unknown By Elizabeth Metera, MANA Power House International Church partnered reputable experts to hold a…

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CDHIB’s prime investor account interest rates increased from 6% to 7.5%
December 25, 2022
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* The decision was made in order to allow individuals and businesses to enjoy better returns for their savings * The prime investors account allows customers to invest for future projects or unforeseen cash flow needs * Besides the attractive interest rate, the account has no ledger fees allowing customers savings to grow By Duncan Mlanjira In its commitment to give back to the nation as it celebrates its 10th anniversary — under the theme ‘Creating Value’ — CDH…

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CDHIB honoured with 2022 Investment Bank of the Year award by The Global Banking & Finance Review Magazine
December 23, 2022
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* For its determination and various strides in investment banking and advisory that have contributed positively to economic growth * Comes at a time when the bank is celebrating its 10th anniversary which was celebrated under the theme, ‘Creating Value’ * The award is a testimony of the positive contribution which the bank has made to the economy over the past 10 years By Duncan Mlanjira CDH Investment Bank (CDHIB) has been honoured with the 2022 Investment Bank of…

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