Business – Page 187 – Maravi Express – Your Kind of News. Clear and accurate.

Malawians applaud MACRA’s stance in enforcement of law and regulations

August 25, 2022

| Business, Law Enforcement, National, News

* MACRA’s stance should be emulated by other government departments such as ESCOM, EGENCO, RBM “and everyone” * It is when these institutions fail to execute their mandates by the rule book that our economy fails * If the City Councils close shops such as a liquor shop for not paying for their licence, why should media houses be spared? By Duncan Mlanjira The public has supported views of social and political ills commentator, Prof. Betchani Tchereni, which he…

IFAW extends fence to protect wildlife and communities surrounding Kasungu National Park

August 25, 2022

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| Business, National, Tourism

The natural beauty that is at Kasungu National Park * A further example of IFAW’s commitment to ensure wildlife remains safe from poachers * At the same time protect communities living outside the park from wandering animals * 18 fence attendants, including three women, have been trained and hired by IFAW By Duncan Mlanjira Less than a month since 691 wildlife were translocated to Kasungu National Park — that included 263 elephants — another major investment from International Fund…

CAMA advises President Chakwera to declare power blackouts as national economic and social crisis

August 24, 2022

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| Business, National, News

President Chakwera * He should establish a Commission of Inquiry that will investigate the continued blackouts and poor workmanship at both ESCOM and EGENCO * Ministry of Energy has already failed to find solutions over the last years, despite making empty promises * ESCOM needs to improve on critical Key Performance Indicators because an increase in tariff alone will not get them out of the mess they have found themselves in By Duncan Mlanjira Consumers Association of Malawi (CAMA)…

FDH Bank Plc supports Malawi marketers annual conference with K3 million

August 24, 2022

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| Business, News

FDH Bank’s Lorraine Chikhula presenting the sponsorship to George Damson * Conference to be held under the theme, ‘Surviving to Thriving: Scaling Towards Excellence Marketing * The support is in line with the Bank’s motto, ‘FDH Cares’, which supports sustainability from various fronts * The difficult period of the CoVID-19 pandemic forced marketers and many other business players to be resilient * And developed innovative ideas in the way they carried out their every day business By Duncan Mlanjira…

Ecobank Malawi posts K11.6 billion profit before tax in half-year 2021

August 24, 2022

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| Business, News

* The sustained growth underscores Ecobank’s resilience arising from its leadership position in trade finance * As well as the digitization of products and services, operational efficiency, and excellence in delivery of customer-centric services * Ecobank Malawi Ltd is part of the Ecobank Transnational Incorporated, the parent company of the Ecobank Group Victor Singano Jnr, Correspondent One of the country’s leading banks, Ecobank Malawi Limited has posted its 2022 half year summary of unaudited results, recording a profit before…

MACRA awards licence to new mobile operator Malcel Plc; Set to invest US$280m over next 5 years

August 23, 2022

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| Business, News

Malcel Founder and the company brand * The process of vetting their license was rigorous and we are satisfied with the application as submitted * We are still in the process of working with them until the Gazetting of the license as per law and regulations—MACRA Director General Daud Suleman * Malcel Plc also registered a mobile money company named MCASH to be used as a vehicle for enhancing financial inclusion * We are honoured to be given an…

Ecobank rolls out a mobile App digital transaction promo to reward 13 lucky customers every Friday

August 23, 2022

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| Business, News

Kalambule, Ecobank’s country head of consumer banking * Named called ‘Ka *326# Weekend Starter Digital Promotion’, it started from August 19 to October 14, 2022 * The cash rewards would be redeemed at any Ecobank ATM using the cardless withdrawal option Victor Singano Jnr, Correspondent As one way of rewarding it’s customers who transact on *326# mobile banking and Ecobank mobile App digital platforms, Ecobank Malawi Limited Plc has rolled out a new promotion in which 13 lucky customers…

EGENCO, Shire Valley Transformation Programme working together to restore power lost at Kapichira Hydro Station

August 19, 2022

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| Agriculture, Business, National, News

The damage at Kapichira as captured in January * President Lazarus Chakwera directed that the lost 130 megawatts be restored at Kapichira by December * Restoration is in two phases; temporarily construction of the cofferdam around mouth of the damaged fuse plug * And as soon as power generation is restored, to reconstruct the whole dam structure with an improved design * The SVTP massive irrigation project is touted as the biggest of such in the Southern African region…

Cattle from Foot and Mouth-affected Chikwawa reportedly being smuggled into Blantyre through uncharted routes

August 19, 2022

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| Agriculture, Business, Health, National, News

* Prices of beef in supermarkets have skyrocketed against the government’s regulated prices of meat products * This follows ban on livestock movement from Shire Valley ADD due to the disease’s outbreak * In South Africa, only veterinary permit holders can have their cattle for direct slaughter at registered abattoirs By Duncan Mlanjira Concerned meat products retailers in Blantyre indicate that they have received reports that most traders of beef in the local markets is from cattle that is…

Leading SADC opens up Malawi for more international trade—Chakwera

August 19, 2022

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| Business, International, National, News

Chakwera in Kinshasa * SADC meetings gave opportunities for Malawi to interact with all manner of Ministries, departments and agencies * We were able to mobilize the whole region to act together combatting insecurity in neighboring Mozambique * Regional integration will happen when countries are able to trade amongst themselves By Wallace Chipeta, MANA in Kinshasa, DRC President Lazarus Chakwera’s one-year tenure as chairperson of Southern African Development Community (SADC), Malawi stands to gain a lot in the short…