Business – Page 184 – Maravi Express – Your Kind of News. Clear and accurate.

FDH Bank stimulated its customers embracing saving culture through FDH Kukonza Tsogolo promo

September 13, 2022

* As the 3rd monthly K1 million winner identified for September after two others drawn in July and August * So far 30 lucky winners have received K100,000 each and 150 others have so far won two metres each of FDH Bank-branded cloth * Existing customers encouraged to deposit K100,000 and keep it for a month * New clients were to open an account and also deposit K100,000 for the same period By Duncan Mlanjira FDH Bank Plc is…

BWB suspends deductions of kiosks’ water tariff arrears as intervention in fight against cholera outbreak in Blantyre

September 13, 2022

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Water kiosk managed by Water Users Association * With effect from Monday, September 12 on the prepaid metering system across all outlets spread out in low-income communities * Of the 19 affected districts, Nkhata Bay has the highest at 617 reported cases with 17 deaths * Followed by Blantyre (546 with 22 deaths) with cumulative cases at 2,577 including 86 deaths since the onset of the outbreak By Duncan Mlanjira As Blantyre City keeps registering rising cases of cholera,…

FDH Bank Plc supports ICAM annual conference with K5 million

September 13, 2022

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FDH Head of Finance, Richard Chipezeani hands over the sponsorship to ICAM’s Chrissy Jere * ICAM conferences provide a platform where accountants can better their knowledge * Which the efficiency of how organizations are to run and to the development of the country’s economy By Victor Singano Jnr, Correspondent One of the country’s leading financial institution, FDH Bank Plc, has partnered Institution of Chartered Accountants in Malawi (ICAM) by investing K5 million towards hosting the upcoming ICAM Lakeshore Annual…

NICO Pension champs of Blantyre ‘One NICO Executive Golf Challenge’

September 12, 2022

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The champs, NICO Pension * Beat 10 other participating teams, which had experienced and seasoned golfers By Victor Singano Jnr, Correspondent NICO Pension men’s team emerged champions of second edition of the annual One NICO Executive Golf Challenge after outclassing their fellow 10 NICO Group subsidiary teams on Saturday at Country Club, Limbe in Blantyre. The golf challenge, which involves NICO Group’s subsidiary companies, is mainly aimed at creating a platform where all NICO staff can interact, relax in…

Government warns against abuse of Statutory Corporations vehicles as it reassigns SC-prefix registration numbers

September 12, 2022

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Most personal-to-holder motor vehicles were not using such plates * The government has since approved the re-assignment of dormant SC prefix numbers to new parastatals * Each parastatal across the sector now has the special SC numbers for identification * This is to ensure that there is no loss of vehicles through irregular deregistration and theft due to the gaps with the current system By Duncan Mlanjira Government has discovered that management of the Statutory Corporations prefer using private…

Malawi hosting 7th annual Competition and Economic Regulation Week

September 11, 2022

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* The week will include three professional training programmes, which will run concurrently from tomorrow to Wednesday * Thereafter a conference from September 15-16 to be opened by Minister of Trade & Industry, Mark Katsonga Phiri * The three targeted professional training programmes will cover key concepts in economic regulation, competition economics * As well as law with illustrations on how the theories and principles are applied By Duncan Mlanjira From tomorrow, September 12-16, Malawi’s Competition and Fair Trading…

Public worries over high level of borrowing; But welcomes Chakwera’s assent to amendment of Corrupt Practices Act

September 11, 2022

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* The President assented 7 Bills on Friday with six being approval for loan authorizations *The government played a smart move by slotting in the 5 loan authorization Bills * Knowing the citizenry will be excited with the word corrupt that would divert their attention By Duncan Mlanjira Malawi citizenry has expressed worry over government’s high level of borrowing after President Lazarus Chakwera assented Bills on Friday, September 9, that were passed in Parliament — with six being approval…

Ecobank extends unsecured civil servants personal loans up to K15m for both account and non-account holders

September 9, 2022

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* Seeks to avail a quicker and affordable financing option for all government employees across the country * Only needs to fill an application form and present their National ID * With no need for a letter of undertaking or changing one’s pay point By Victor Singano Jnr, Correspondent Ecobank Malawi has extended unsecured personal loans for civil servants account an non-account civil servants up K15 million on a 36-month tenure respectively. The Bank’s country head of consumer banking,…

Malawi economy in much worse state than before the devaluation of the kwacha—CAMA

September 9, 2022

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* Everything has come to a standstill and now we have no forex, no fuel and limited goods available on the market * The devaluation of kwacha was claimed to be unnecessary evil by the President and his Finance Minister * We were also told that it was meant to realign the kwacha with other major currencies * Unfortunately, the outcome of that decision has been negative and after four months, we have seen continued depreciation of the kwacha…

Old Mutual Malawi to host second edition of ‘Partnership Conversation Series’

September 8, 2022

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Edith Jiya — Old Mutual’s group chief executive officer * The Series provides a platform that brings together leaders from both the public and private sector as well as other stakeholders * To discuss and share practical and workable solutions on a range of impacting issues around people, economy and the environment By Victor Singano Jnr, Correspondent Old Mutual Malawi Limited is set to host its second edition of the Partnership Conversation Series on Thursday next week, September 15 …