Business – Page 174 – Maravi Express – Your Kind of News. Clear and accurate.

Another national power shutdown

November 26, 2022

Maravi Express Electricity Corporation of Malawi (ESCOM) says they experienced a system shutdown on Saturday morning at 11:44hrs resulting in loss of power supply countrywide. While the power supply company was yet to establish the cause of the system shutdown, says “efforts are being made to restore power supply at the earliest possible time”. “We will keep you updated of any developments,” said a statement that has been widely circulated to media houses as as 12:00hrs. “We urge our…

Chilima charged by the ACB of corruptly pocketing US$280,000 from Zuneth Sattar

November 25, 2022

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| Business, Law Enforcement, National, News

Chilima arriving at the Lilongwe Chief Resident Magistrate Court * Being a reward to assist Xaviar Limited and Malachitte FZE to be awarded contracts by Malawi Government * They are companies connected to Sattar who is also on the radar of the British authorities over the same cases * We have waited for eternity for him to be taken to court so that he can plead—Chisa Mbele * It was unhealthy to keep the man guessing. He is not…

ESCOM launches Workplace Mental Wellness Policy to enhance employees’ performance and productivity

November 24, 2022

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| Business, Health, News

The launch was preceded by an awareness march * Baseline study in June 2020 established the prevalence of common mental health problems among employees * ESCOM engaged the services of St John of God Hospital as consultants in the policy development * There was a significant association between having a substance use problem * And suffering from anxiety and depression and anxiety By Peter Kanjere, ESCOM PRO ESCOM launched its first-ever Workplace Mental Wellness Policy to address mental health…

CDH Investment Bank touts on agriculture as catalyst for Malawi’s economic growth

November 23, 2022

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| Agriculture, Business, News

Franklin Kennedy, CDHIB chairperson of the Board * We have led the implementation of transformative projects in agri-business * Which has changed life in a rural community and signifies the potential for MEGA farms in transforming the Malawi economy * The bank has partnered with various corporates and is currently working diligently to provide customized solutions * To certain large government-backed institutions in the agriculture sector By Victor Singano Jnr, Correspondent While most countries are at a risk of…

CAMA supports re-opening of ADMARC markets as a blessing and timely for poor Malawians

November 23, 2022

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| Agriculture, Business, National, News

New Agriculture Minister Kawale claims ADMARC was not closed * Ministry of Agriculture should ensure that strict control measures are put in place * So that the markets are not invaded by unscrupulous vendors as this will affect or destroy all the good intentions * Also asks Government to release enough stocks of maize while controlling the amounts to be purchased by individual consumers * Minister Kawale declares that ADMARC was not ‘closed’ as some quarters were alleging *…

Agwenda Women Input Loan Initiative providing women with agribusiness support

November 23, 2022

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| Agriculture, Business, News

* These communities, especially the women, did not have proper agricultural knowledge, which was increasing the vicious cycle of poverty * So, we thought it wise to bridge that gap by providing support to the women through our agro dealer shops By Hastings Yobe, MANA Agwenda Women Input Loan Initiative (AWILI) — in collaboration with government agriculture extension workers — has embarked on a mission to help women in accessing certified farm inputs such as improved seeds and fertiliser…

Blantyre edition of Boosting Women in Agriculture Pitch Night set for December 1

November 22, 2022

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| Agriculture, Business, News

* With funding from EU in partnership with European Investment Bank, Frankfurt School of Finance & Management, First Capital Bank, Ecobank * Registration deadline for interested agro-business women contestants is Thursday, November 24 * To Register through link: https://forms.gle/HEgBPhgBVK7qMyCDA * Guests encouraged to attend to apply through: https://www.eventbrite.com/e/boosting-womeninag-pitch-night-tickets-472430120207 By Duncan Mlanjira Following the success of Boosting Women in Agriculture Pitch Night in Lilongwe in May, selected Southern Region female-led agribusinesses will have a lifetime opportunity to present their business…

First Capital Bank introduces farming season loans for civil servants of up to K3m

November 22, 2022

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| Agriculture, Business, News

* Must be bonafide Malawi government employees * Must possess valid national IDs * Stamped bank statements and does not need any other collateral By Duncan Mlanjira One of Malawi’s leading financial institutions, First Capital Bank has launched a special farming season loan product ‘Tiyeni ku Munda’ — targeting Malawi government civil servants. Criteria is that they must possess valid national IDs; stamped bank statements and does not need any other collateral. Under the theme: ‘Feed the Harvest with…

CDH Investment Bank calls for exports development as foreign exchange generation

November 21, 2022

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| Business, National, News

Malawi hugely relies on seasonal tobacco growing for its foreign exchange * Malawi has a lot of exporting opportunities that are currently underutilized * We have been producing soya, sugar, cotton and other top agricultural crops for export * But these are mostly produced in small quantities * An investment in the agribusiness and other sectors could largely contribute towards the foreign exchange generation By Victor Singano Jnr, Correspondent As the country continues facing a forex shortage, CDH Investment…

Ministry of Tourism waiting for investors on cable cars for Mulanje and Zomba mountains

November 20, 2022

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| Business, National, News, Tourism

* We have done pre-feasibility study and the good thing is that Mulanje is a popular tourist destination * Cable cars are intended to assist in creating job opportunities, increasing tax revenue and levies for the country * Promoting a sense of pride among citizens and residence, enhancing Mulanje, Zomba and Malawi profile * And bringing infrastructural development and of course spill over benefits to other sectors By Mercy Nsaliwa, MANA Ministry of Tourism, Culture & Wildlife say they…