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

* 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…

Read More

Posted in Business, News Comments Off on Ecobank Malawi posts K11.6 billion profit before tax in half-year 2021
MACRA awards licence to new mobile operator Malcel Plc; Set to invest US$280m over next 5 years

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…

Read More

Posted in Business, News Comments Off on MACRA awards licence to new mobile operator Malcel Plc; Set to invest US$280m over next 5 years
Ecobank rolls out a mobile App digital transaction promo to reward 13 lucky customers every Friday

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…

Read More

Posted in Business, News Comments Off on Ecobank rolls out a mobile App digital transaction promo to reward 13 lucky customers every Friday
EGENCO, Shire Valley Transformation Programme working together to restore power lost at Kapichira Hydro Station

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…

Read More

Posted in Agriculture, Business, National, News Comments Off on EGENCO, Shire Valley Transformation Programme working together to restore power lost at Kapichira Hydro Station
Cattle from Foot and Mouth-affected Chikwawa reportedly being smuggled into Blantyre through uncharted routes

* 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…

Read More

Leading SADC opens up Malawi for more international trade—Chakwera

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…

Read More

Veteran Carver Bhima gives Alpha Arts seal of approval for successful hosting of 2022 Miss Malawi pageant

Carver Bhima (centre) with Alpha Arts team and management of Serendib Hotels * Alpha Arts met all rules and guidelines when they applied to hire the licence from him * He was formally introduced to Lotus Hotel, managed by Serendib Hotels * Who are the official partners and sponsors for the 2022 national pageant By Duncan Mlanjira Veteran organiser of Miss Malawi pageant, Carver Bhima — who is also the licence holder of the national event — has given…

Read More

Posted in Business, Entertainment, News, Tourism Comments Off on Veteran Carver Bhima gives Alpha Arts seal of approval for successful hosting of 2022 Miss Malawi pageant
Africa’s most successful youngest entrepreneur Dumisani Ncube to deliver keynote address at Sycamore Consult’s wealth conference in Lilongwe

Zambia’s most successful entrepreneur * Malawian speakers include Prophet Shephard Bushiri; Standard Bank Malawi CEO, Phillip Madinga; Patricia Mwase * As well as Audrey Mwala and National Planning Commission Director General, Thomas Munthali * Complementing the MW2063 theme of ‘An Inclusively Wealthy & Self-reliant Nation’ By Victor Singano Jnr, Correspondent Dumisani Ncube, the Zambia entrepreneur who is rated by Forbes as Africa’s second youngest millionaire at only 29 years old, has been invited as guest of honour to deliver…

Read More

Posted in Business, National, News Comments Off on Africa’s most successful youngest entrepreneur Dumisani Ncube to deliver keynote address at Sycamore Consult’s wealth conference in Lilongwe
Over 25,000 cattle out of about 39,000 affected animals vaccinated against Foot and Mouth disease in Chikwawa

Foot and Mouth disease is a highly contagious viral disease * Animal health experts are still on the ground with the exercise as well as to identify if more areas were affected * The disease was first clinically reported at Jombo, Chaonanjiwa and Mnthumba dip tanks * Preliminary investigation conducted by veterinary officials had then reported 49 clinical cases out of the affected 13 kraals By Duncan Mlanjira In the efforts to contain the outbreak of Foot and Mouth…

Read More

Posted in Agriculture, Business, National, News Comments Off on Over 25,000 cattle out of about 39,000 affected animals vaccinated against Foot and Mouth disease in Chikwawa
FDH Bank’s Kukonza Tsogolo promotion identifies second K1m winner and 10 for K100,000 each

* Launched in June, as an initiative to inculcate a saving culture amongst existing FDH Bank customers and potential ones * We are very happy with the overwhelming participation from both existing and new customers * Who have managed to deposit a minimum of K100,000 into their savings account and kept for not less than a month By Duncan Mlanjira At the second draw of FDH Bank Kukonza Tsogolo promotion, Emmanuel Manguwo was identified as the second K1 million…

Read More

Posted in Business, News Comments Off on FDH Bank’s Kukonza Tsogolo promotion identifies second K1m winner and 10 for K100,000 each