Business – Page 188 – Maravi Express – Your Kind of News. Clear and accurate.

Former Finance Minister Mwanamvekha contends that DPP-led government managed the economy very well

September 16, 2022

Joseph Mathyola Mwanamvekha * This is on record, and that empirical statistics and evidence is available to confirm this fact * There have been a lot of misreporting and misinformation on current shortages of forex in Malawi * And the Tonse Alliance government has resorted to blaming the DPP-led administration By Duncan Mlanjira As the country’s fierce critics continue to express their dissatisfaction over the mismanagement of Malawi’s economy, former Finance Minister in the Democratic Progress Party (DPP) regime,…

CAMA implores on Chakwera to assemble bright minds, even those he hates, to urgently resolve Malawi’s current economic challenges

September 16, 2022

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* The President has been advised on several occasions that he needs well experienced and knowledgeable team of economic advisers * The current crop of his advisors are doing him a big disservice and this has contributed to his current poor economic and political poor rating * The President continues to make avoidable economic mistakes such as unnecessary over expenditures By Duncan Mlanjira Consumer Association of Malawi (CAMA) contends that the Malawi economy “has shown all elements of a…

RBM invites Malawians in diaspora to a virtual Monetary Policy Conference

September 16, 2022

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* This year’s conference provides the right forum to brainstorm issues with all relevant sectors of the economy * To enhance monetary policy in the current environment — Reserve Bank of Malawi By Duncan Mlanjira Ministry of Foreign Affairs has invited Malawians in diaspora to virtual attend Reserve Bank of Malawi’s annual Monetary Policy Conference scheduled for September 29-30 from 08:00hrs (Malawian time). The conference, whose host will be RBM Governor, Dr. Wilson Banda and Minister of Finance Sosten…

Public applauds pump price decrease for petrol but decries continued scarcity of diesel

September 14, 2022

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Maravi Express With effect from Thursday (September 15) pump price for petrol has reduced to K1,746 per litre from K1,946 — representing a 10.28%. This comes after another reduction that was effected last month from K1,999 to K1,946 per litre. However, the price for diesel is still at K1,920 per litre, as according to a notice from Malawi Energy Regulatory Authority (MERA). Paraffin for industrial use has also been maintained K1,261 per litre while the price for liquefied petroleum…

Malawi Ministry of Finance cannot convince IMF of ability to repay its debt under current economic and governance situation—chief economist Chifipa Mhango

September 14, 2022

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* No matter how brilliant the words are in a speech, IMF looks at your daily actions * The fiscal position and management of the resources before and after becomes imperative By Duncan Mlanjira In offering President Lazarus Chakwera, a 5-straight action plan to win back the confidence of international lenders, such as the International Monetary Fund (IMF), South African-based Malawian chief economist, Chifipa Mhango highlighted several governance and economic environment shortfalls the country is facing. Chifipa said the…

SA-based chief economist Chifipa Mhango offers Chakwera 5-straight action plan to win back confidence of IMF

September 14, 2022

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Chifipa Mhango, very much revered in his host country * Consequences of not having ECF support from IMF for Malawi has serious economic and political stability implications * For it may negatively affect provision of health services, education, as well as overall macro-economic stability among others By Duncan Mlanjira Following the decision by the International Monetary Fund (IMF) to put on hold talks over a new extended credit facility (ECF) with Malawi until a resolution is made on the…

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

September 13, 2022

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* 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…