Business – Page 173 – Maravi Express – Your Kind of News. Clear and accurate.

Mining company Mkango Resources given approval to explore Songwe Hill rare earths project in Phalombe

January 30, 2023

Drilling in process at Songwe Hill * The project is expected to unlock significant stakeholder value and future investment * It will be Sub-Saharan Africa’s first large scale, commercial rare earth mining and processing operation By Duncan Mlanjira Malawi Environmental Protection Agency (MEPA) has approved an environmental social health impact assessment (ESHIA) for Mkango Resources Limited’s flagship Songwe Hill rare earths project in Phalombe District. Reporting from London, globenewswire.com says the ESHIA approval is a significant milestone in the…

Lilongwe business woman wins K11 million in Premier Bet online betting

January 27, 2023

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| Business, News, Sports

Mphatso Kacherenga being presented with her winnings * Second lucky person in 2023 to win a huge amount of money after placing a stake of K1,000 * First was Nsanje-based James Chaola, who placed a stake of K500 * Mphatso Kacherenga rarely participates in betting and that this was her first time to win By Victor Singano Jnr, Correspondent Barely a day after producing a K52 million winner from Nsanje, Premier Bet Malawi on Wednesday presented K11 million to…

ESCOM alerts of prolonged loadshedding due to adverse weather conditions

January 23, 2023

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| Business, National, News

* Cloudy weather has resulted in low solar power output Maravi Express As the Southern Region is experiencing heavy down pours every single day in the past, they have brought with them challenges onto power generation at Tedzani and Nkula Power Stations — thus the public should expect prolonged load-shedding due to power supply deficit. A statement from ESCOM, says they have been experiencing increased power supply deficit from 7.30am today, January 23 due to the adverse weather conditions…

Castel Malawi facing huge challenges in its productions due to scarcity of forex; As the historical trademark Carlsberg Green is off the market

January 23, 2023

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* Ingredients of its beer products — not just for Carlsberg Green but all of them, include hops and malt * Which are not produced in Malawi but need to be imported * Other products affected include Kuche Kuche as well as Castel, Doppel and Chill and Booster ciders By Duncan Mlanjira The country’s historical trademark beer, Carlsberg Green — produced by Castel Malawi Limited — is currently off the market in what the company attributes being due to…

NICO Group donate items worth K20m in 6 hospitals towards containment of cholera outbreak

January 20, 2023

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| Business, Health, News

Chapola hands over the medical items to clinical officer Leviticus Daniel * At NICO Group, and mainly NICO Life, we believe that we cannot do without people and we always need our clients to be healthy * We believe that these items will bring a significant change in mitigating the outbreak By Victor Singano Jnr, Correspondent In response to the assistance call made by government to the private sector towards containment of cholera outbreak which has hit the country,…

FDH Bank signs MoU with former President Joyce Banda’s ‘Market Women Activities & Initiative’ organization

January 19, 2023

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Nkulichi and JB signing the agreement * The partnership is significant as it will assist to financially uplift and transform women after accessing the loans from FDH Bank * Majority of women in the country did not go to school due to lack of support * But they are passionate and have knowledge in running businesses although some of them face challenges to access capital By Victor Singano Jnr, Correspondent FDH Bank Plc has signed a memorandum of understanding…

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…

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…

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…

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…