Business – Page 179 – Maravi Express – Your Kind of News. Clear and accurate.

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

November 23, 2022

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…

Two of Old Mutual subsidiaries found guilty of unconscionable conduct by CFTC in under 8 months

November 20, 2022

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| Business, Law Enforcement, National, News

* Old Mutual Pension Services Company Limited determined in April, 2022 * This time around involves Old Mutual Life Assurance Company — both fined K500,000 * 9 service providers have been punished that include Wella Medical Society (Wemas); Southern Region Water Board * Others are Capital Foods Limited DAAM Project; Pep Stores shop in Mangochi; SMB Electronics and Yellowman Machines * Habitual offenders need to be given stiffer punishments in order to address the malpractices by most public service…

CFTC fines 4 companies and orders 5 more to refund over K2m to consumers for committing unfair trading practices

November 20, 2022

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| Business, Law Enforcement, National, News

On top of the fine, Wemas also been ordered to refund K1 million to a client * The Commission considered and adjudicated over a total of 73 cases * That included 63 on unfair trading practices, one merger and nine cases on restrictive business practices *The Commission authorised the proposed acquisition of Kapani’s Prime Poultry and Mchezi Abattoir businesses by Go Fresh Limited By Duncan Mlanjira Wella Medical Society (Wemas), Southern Region Water Board, Old Mutual Life Assurance Company…

Next time someone promises an economic miracle out of the blues, do not listen to them—Kabambe

November 19, 2022

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| Business, National, News, Politics

Presidential aspirant Dalitso Kabambe * Chakwera’s government couldn’t even understand the formula on Net International Reserves by accusing the DPP of cooking figures * Malawi economy is crumbling, the GDP is sluggish, falling with each year, tanking to a paltry 0.9% as of this year * In 2019 it was at 5.5%. In 2021, it dipped to 1.2%. This year, it is such an uninspiring figure. * The promise from my campaign is simple — fix the economy, let…

NICO’s ICON Properties to introduce car park management system at Chichiri Shopping Mall

November 19, 2022

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| Business, News

* System is expected to discourage abuse including speeding motorist passers-by and use of the car park by non-customers * During weekends football fans park at the mall to watch matches at the neighbouring Kamuzu Stadium * In the almost 3 hours they are at the stadium, the car park gets congested — denying customers chance to shop By Duncan Mlanjira ICON Properties, a subsidiary of NICO’ Group is introducing car park management system at Chichiri Shopping Mall to…