Business – Page 190 – Maravi Express – Your Kind of News. Clear and accurate.

High Court throws out Mulli’s application for judicial review on defunct Shire Bus Lines’ bus terminals and workshops

July 31, 2022

* The countrywide assets were taken over by National Bus Company after it acquired Shire Bus Lines when the government liquidated the company in 2007 * Local councils are now in control of the former Shire Bus Lines properties—Attorney General, Thabo Chakaka Nyirenda By Duncan Mlanjira The High Court in Blantyre has dismissed an application by National Bus Company for a judicial review which the company was challenging ownership claims by the government over bus terminals which business mogul’s…

Ministry of Mining refutes rumors of raw deal involving foreign mining investor Sovereign Metals Limited at rutile mining project at Kasiya

July 30, 2022

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* The company does not hold any mining licence but rather a mineral exploration licence * Hence no actual mining is taking place at this site since studies are still on-going * Feasibility studies and environmental & social impact assessments are being conducted * Once completed and approved the Ministry will review and approve the company’s application for the Mining Licence By Duncan Mlanjira The Ministry of Mining says there is no existing mining development agreement between the Malawi…

Government demands US$309.6bln from US Company for unpaid tax revenue on mineral resources extracted from Chimwadzulu mine in Ntcheu

July 30, 2022

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Rich minerals that are found in Malawi * To institute criminal proceedings on money laundering and tax evasion charges if unpaid within 30 days from July 26, 2022 * Company warned of criminal proceedings on money laundering and tax evasion charges * The State of Malawi complied with all its international obligations when you operated your investment in Malawi * By among others putting in measures to protect your investment — you never reciprocated By Duncan Mlanjira Under instructions…

NICO Group launches ‘It’s Clear’ communication campaign

July 29, 2022

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* It builds on the just ended drive, ‘The ONE’ which suitably positioned NICO as The ONE tried and tested * For 50 years as financial services Group, providing solutions that guarantee achievement of one’s goals * It leverages on the insight that ‘It’s Clear’ that everyone wants a trusted financial provider By Victor Singano Jnr, Correspondent Malawi’s largest financial services institution, NICO Group has launched a new campaign dubbed ‘It’s Clear’ — whose main aim is to further…

ESCOM urges customers to cooperate with its employees as they carry out countrywide meter verification exercise

July 29, 2022

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* Assigned team members will use ESCOM-branded vehicles; dressed in branded company regalia and will carry official IDs * For more information to contact the exercise’s supervisors — D. Kamanga (South) on 0888 313 111; O. Mmangisa (Centre) on 0888 354 493 and F. Kapindula (North) on 0888 874 386 * These supervisors could be contacted during work hours 07:30hrs-17:00hrs from Monday to Friday By Duncan Mlanjira From Monday, August 1, Electricity Supply Corporation of Malawi (ESCOM) is rolling…

Conflicting public notices from EGENCO and ESCOM on duration of outage of power on Saturday and Sunday

July 28, 2022

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ESCOM CEO Kamkwamba Kumwenda, ours is commutative, including normal load shedding * EGENCO first announces it will take 8 hours each day on Tuesday * Only for ESCOM to say the following day it will take 14 hours each day By Duncan Mlanjira In a notice that was issued on Tuesday, July 26, Electricity Generation Company (EGENCO) alerted the public to brace for an outage of power supply on Saturday and Sunday, July 30-31 for 8 hours on both…

Prolonged 14-hour load shedding scheduled for Saturday and Sunday; EGENCO to carry out maintenance works on Nkula A and B

July 27, 2022

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* Nkula B to be shut down first on Saturday thereby reducing power supply by 100MW off the national grid * And losing 135MW the following day when both Nkula B and Nkula A would be shut down * Only 176MW will be available on Saturday and 140MW on Sunday for essential services such as referral hospitals and water pumping stations By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM) has alerted the public to brace for a prolonged…

NICO Group aims to focus on ‘Business Growth’ in its next 5-year strategic plan

July 26, 2022

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* Our focus within that period was to consolidate and strengthen our operations * Which would manifest itself by strong financial position besides good performance in terms of profit By Victor Singano Jnr, Correspondent Malawi’s leading financial services institution company, NICO Group says it is targeting to dwell much on business growth in its next 5-year 2022-2026 strategic plan which is set to afford its clients to enjoy the Group’s best services. At the company’s ‘Stakeholders Engagement Meeting’ on…

High Court rules in favour of ESCOM in injunction case filed by Chinese company

July 26, 2022

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* Zhang Di t/a Yangtse sought the court’s intervention following ESCOM’s decision to reverse unauthorised transfer of electricity to the company’s meters and illegal consumption of electricity totalling K46 million By Peter Kanjere, ESCOM PRO officer The High Court’s Commercial Division in Blantyre has rejected an injunction application which Chinese company, Zhang Di t/a Yangtse made stopping the Electricity Supply Corporation of Malawi (ESCOM) from deducting the firm’s 60% of every new electricity purchase. Lawyer Chrispin Ngunde of Tamandani…

Mzimba communities applaud government for social cash transfer program

July 26, 2022

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Beneficiary Mwazama (left) having a chat with DC Rodney Simwaka * I have managed to embark on animal and poultry farming—57-year-old beneficiary, Nixon Mwazama * I now have 26 local chickens, 10 ducks and six goats and next I will build a modern house By Aliko Munde, MANA Beneficiaries of social cash transfer program in Mzimba South District have applauded government for the initiative, which they say will go a long way in improving their livelihoods. One of the…