Category: Business

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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* 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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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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Standard Bank CEO Phillip Madinga unveils the Report to Society in presence of UNDP deputy resident representative, Challa Getachew * As a financial services provider in Malawi, we remain resolute in our purpose — which is ‘Malawi is our home and we drive her growth * We are committed to playing our role to drive the country’s economic growth sustainably * By serving our communities through impactful projects that touch lives and improve societies By Duncan Mlanjira Standard Bank…

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