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Category: Business

NICO Pension assures clients of improved service delivery offering
September 8, 2022
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NICO Pension General Manager, Gerald Chima * The innovative platforms will enable customers to interact with NICO Pension administration staff * Without visiting the offices or sending documents physically Victor Singano Jnr, Correspondent In an effort aimed at creating conducive environment and making sure that pensions contributions funds provide adequate returns to the members, NICO Pension Plc says it is geared to improve service delivery by introducing various innovations. NICO Pension General Manager, Gerald Chima made the assurance on…

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Malawi, Eswatini and Zambia launch pilot phase of SADC e-certificate of origin; To simplify customs procedures and trade
September 8, 2022
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Biziwick declaring the system officially launched * It is part of consolidating the SADC free trade area which is a building block to a continental free trade area * The manual system was prone to fraudulent declaration of goods in which importers and exporters connived to provide fake certificates of origin By Glory Msowoya, MANA In order to simplify customs procedures and facilitate smooth trade amongst Southern African Development Community (SADC) member states, Malawi, Eswatini and Zambia have launched…

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CAMA implores on public to actively contribute towards ESCOM’s proposal to MERA to increase power tariff
September 7, 2022
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* Consumers are encouraged to make their contributions through email: mpatamaindota@gmail.com * Or on WhatsApp number: +265 884 552 701 * Let us all make our comments both for or against this increase objectively By Duncan Mlanjira Consumer Association of Malawi (CAMA) says that as Malawi Energy Regulatory Authority (MERA) reviews the application by Electricity Supply Corporation of Malawi (ESCOM) increase base power tariff for the next 4 years, the public should actively contribute towards its consultation process. In…

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Private sector growth and investment crucial for MW2063’s key enablers to be achieved—Chakwera
September 7, 2022
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Chakwera during the panel discussion at the Summit  * The first is Agricultural Productivity and Commercialization, by which our goal is to achieve food security for Malawians * And establish mega farms that produce commercial crops on a mass scale for export to international markets * The second pillar is Industrialization, by which our goal is to invest in agro-processing plants that create jobs and add value to what we produce to boost trade By Duncan Mlanjira At the…

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Chakwera says over 6m litres of fuel is being hauled into the country; Daily distribution has been doubled
September 7, 2022
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Chakwera during a panel discussion at today’s Summit * Government has already secured US$28 million from local banks for the purpose of procuring fuel as short term solution * Also in pursuit of another US$50 million facility for the same on top of instructions for RBM to prioritize fuel procurement * NOCMA and MERA are working around the clock to address the situation with his instructions By Duncan Mlanjira President Lazarus Chakwera has assured Malawians that over 6 million…

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HRDC, CAMA asks Malawi leadership to swiftly deal with the fuel crisis “that has bedeviled the country”
September 7, 2022
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* Should assure consumers when to expect next fuel supplies after NOCMA declares situation as a crisis * NOCMA issued a public alert on Tuesday, saying it has run out of both fuel and diesel in its Strategic Fuel Reserves * Barely a week after assuring the public that it has enough fuel in the country By Duncan Mlanjira The fuel crisis that has “bedeviled the country over the past two weeks is a sign that the country is…

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NOCMA finally accepts of fuel crisis in the country
September 6, 2022
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Long queues that even involves fuel tankers * It has run out of both petrol and diesel in its Strategic Fuel Reserves * Advises the public to use fuel wisely to avoid long queues at pump stations By Duncan Mlanjira Barely a week after assuring the public that it has enough fuel in the country, National Oil Company of Malawi (NOCMA) now has sent an alert that it has run out of both fuel and diesel in its Strategic…

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NICO Group impressed with ICON Properties’ consistent performance in its 3 years of existence
September 6, 2022
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*The company which has shown consistence in terms of results as well as paying of dividends consistently * Going forward, ICON Properties has a number of projects which are in the pipeline * Such as building of a hotel and office building in Lilongwe as well as in Mzuzu Victor Singano Jnr, Correspondent In just 3 years of its existence, ICON Properties Plc — a subsidiary of the country’s giant financial service institution, NICO Group — has been successful…

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Capital FM Radio settles its outstanding licence fees; MACRA to consider fresh licence application
September 6, 2022
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* MACRA’s Board is set to meet next month * Capital FM Radio assured of maintaining its old frequencies once the application is successful * The regulator is on a serious campaign in enforcing the law on all players in the industry By Duncan Mlanjira Capital FM Radio, whose broadcasting licence was revoked last month, has settled all its outstanding fees of over K14 million and awaits Malawi Communications Regulatory Authority (MACRA) to consider its fresh licence application. A…

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First Capital Bank introduces ‘Civil Servant Loan’ from K100,000 up to K3m
September 6, 2022
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* Access to credit has become an urgent requirement for many of its clients * Unavailability of mass lending solutions for customers is also one major disadvantages * As it causes customers to change banking services provider — hence committed to create a viable market segment By Victor Singano Jnr, Correspondent  One of the country’s leading bank, First Capital Bank Plc has introduced a Civil Servant Loan-Zangaphee, which is aimed at giving opportunity to the customers based in both…

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