Business – Page 186 – Maravi Express – Your Kind of News. Clear and accurate.

Financial institutions challenged to steer investment value addition

October 10, 2022

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…

CAMA appeals to President, MERA and NOCMA to assure public when supply of fuel will stabilize

October 5, 2022

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Long queues have been order of the day * Scarcity of fuel in the last two months has triggered high prices of various goods and services on the market * The President, MERA and NOCMA for the past two months assured consumers that scarcity of fuel will stabilize within a week * Unfortunately, it is now over two months since such promises of fuel stability were made * And we continue to experience fuel scarcities and long queues in…

MIM Blantyre campus moves to MPC college facility; Opens doors through its 2022 cohort of undergraduate and postgraduate degree programs

October 5, 2022

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Dr. Kabwila making her keynote speech during the orientation workshop * MIM has a unique position in the academic fraternity because it is the only higher education facility in Malawi that offer specialist courses in leadership, management and business * The training that you will go through here at MIM will equip you with skills and the necessary competencies that our Malawi economy requires * To continue the journey to prosperity in the spirit of the new government agenda,…

Chibuku Products introduces ‘Kuiphula ndi Shake Shake’ promotion with grand prize at K2m

October 3, 2022

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* Prizes include bags of fertilizers, bicycles, and T-shirts * For us to reach where we are today, it is because of the customers * Who have managed to stick to us all these years and we don’t take this for granted By Victor Singano Jnr, Correspondent As part of its 55th anniversary celebration, and one way of appreciating the support by its customers, Chibuku Products Limited has introduced a new promotion dubbed ‘Kuiphula ndi Shake Shake’ — whose…

Save the Children initiates cash transfer programme for 3,275 food insecurity households in Zomba

October 3, 2022

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FDH Bank officials assisting one of the beneficiaries (standing) * Each household received K75,000 at K25,000 each month from August to October * Food and income deficits at which vulnerable households are at risk, is equivalent to IPC Phase 3 acute food insecurity * With children being more at risk of malnutrition and other negative outcomes * Caused by negative coping mechanisms that families may employ to meet their needs By Duncan Mlanjira Following results of Household Economy Analysis…