Business – Page 181 – Maravi Express – Your Kind of News. Clear and accurate.

Standard Bank’s K6m Tisanje promotion increases transactional volumes by 10%

October 13, 2022

Frank Chirwa (2nd right) watches as journalist Mwai Mtumodzi draws a winner * As a bank focused on driving the growth of Malawi, we understand the economic situation our customers are sailing through * 16 lucky customers won different cash prizes ranging from K100,000 to K500,000 By Duncan Mlanjira Tisanje promotion, which Standard Bank Plc rolled out in August that dangles K6 million to a lucky customer, is helping to increase uptake of digital financial services in line with…

Chiradzulu-based FDH Bank customer wins K5m grand prize in final draw of ‘FDH Kukonza Tsogolo’ promo

October 11, 2022

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Sapato making a briefing before the draw * Four have so far win K1m monthly draw grand prize with 40 being rewarded with K100,000 each * 200 other customers went away with two metres each of FDH Bank-branded cloth * Making a total of 240 winners since the savings culture promotion was rolled out in June By Duncan Mlanjira The grand prize of K5 million of the FDH Kukonza Tsogolo has gone to a lady, Steveria Nsope, an FDH…

Malawi’s economic sector to benefit through grants—Minister of Finance

October 11, 2022

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Gwengwe during the media briefing * IMF officials arrived in the country the previous week doing economy valuations * IMF’s mission is to give us loans but they can’t give Malawi exceedingly since the country has no capacity for more loans By Temwa Malire, MANA Minister of Finance and Economic Affairs, Sosten Gwengwe says Government has put in contemplation for the balance payment support initiative which would help solve some of the forex issues that the country was going…

Catholic Bishops describe Tonse Alliance’s administration as retrogressive way of governing

October 11, 2022

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The Tonse Alliance agreement made in 2019 * To truly respond to the Cry of the Poor requires bold and viable public policy actions * Such public policy actions are being prevented and undermined by the vice of corruption * Defective service delivery systems, inconsistent government austerity measures * Bleak picture of the oncoming crop growing season, and the Tonse Alliance retrogressive way of governing By Duncan Mlanjira “The cry of the poor gets louder and louder in Malawi…

Financial institutions challenged to steer investment value addition

October 10, 2022

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BAM chairperson, Liness Mkungula * As CDH Investment Bank’s celebrates 10 years of value contribution in capital investments * Banks and other financial institutions have a role to play at a time Malawi is sailing through economic challenges * By among other things, instilling a saving and investing culture to the public By Victor Singano Jnr, Correspondent As part of celebrations marking 10th anniversary of operation for Continental Discount House (CDH) Investment Bank, Bankers Association of Malawi (BAM) has…

Public cries out loud on Castel Malawi’s suspension of production of Malawi Gin, Premier Brandy and Malawi Vodka due to shortage of forex

October 8, 2022

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* At this rate most foreign companies will close business in a year or so. Our economy may collapse * We may not have Malawi Gin to drown our sorrows * In the current economic situation, people are finding refuge in alcohol and the spirits are matching the pockets * Making them scarce will prove detrimental to public peace By Duncan Mlanjira Castel Malawi management has announced that customers of Malawi Gin, Premier Brandy and Malawi Vodka will experience…

CAMA raises serious concerns on unhealthy supply of tap water amidst cholera outbreak

October 8, 2022

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* Water from these Water Boards often comes muddy with a lot of impurities and not suitable for human consumption * The worst poorest quality water supplies are from Water Boards of Blantyre (80%), Lilongwe (72%) and Central Region (55%) * As of Friday, October 7, a total of 23 districts have reported cases of cholera since first case in March in Machinga * A total of 74 new cases were reported with new two deaths — one each…

First Capital Bank Plc offering loans of up to K3m for civil servants to pay school fees in ‘Back to School’ campaign

October 7, 2022

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* Also targeted are non-FCB customers, who have a valid National ID and bank statement reflecting latest salary deposit * At First Capital Bank, we provide loans to finance civil servants and this campaign aims at assisting towards their children’s educational aspirations By Duncan Mlanjira As the new academic year begins next week of October, First Capital Bank is offering loans for civil servants to assist them pay school fees for their children and wards — with access of…

ESCOM reminds public of the prolonged load shedding throughout this month

October 7, 2022

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* Due to the works at Nkula A and B, by EGENCO, ESCOM will have only 115 megawatts (MW) of power available * Which will be prioritized to supply essential loads such as central referral hospitals and water boards By Duncan Mlanjira As Energy Generation Company (EGENCO) continues with its maintenance works at Nkula A and B Power stations every Sunday until the end of this month of October, Electricity Supply Corporation of Malawi (ESCOM) reminds customers of another…

Public spits fire at Education Minister NyaLonje’s lack of knowledge on forex use on foreign travels

October 6, 2022

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NyaLonje, under fire * In Malawi, most people go to school to memorize what they learn for examination purposes only * It’s not only her, we have top government officials who are ignorant of the system — yet they are running the same system By Duncan Mlanjira A video clip from a press conference last month ahead of the United Nations General Assembly (UNGA) has gone viral which highlights Minister of Education, Agnes NyaLonje demonstrated her lack of knowledge…