Business – Page 193 – Maravi Express – Your Kind of News. Clear and accurate.

Huawei also involved in unfair business practices in South Africa

July 11, 2022

| Business, International, National, News

The report by global news agency, Reuters * As it dodges from paying Malawian ICT support services firms it subcontracted to build telecommunications towers * Whose contract was awarded to the Chinese company by Malawi Government * SA labour department’s 2020 audit indicated that approximately 90% of the company’s employees were foreign nationals * Violating ‘employment equity’ regulations which impose a limit of 40%” * A statement from Huawei South Africa was quoted as saying it was committed to…

Chinese company Huawei giving Malawian ICT support service firms unfavorable trade practices in honoring contractual payments

July 11, 2022

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| Business, National, News

* Huawei owes millions to four Malawian firms it subcontracted to build telecommunications towers * The project was awarded to the Chinese company by the Malawi Government * To construct 200 telecommunication towers across the country to be rent out to private companies * A letter from the four companies in 2019 pleading for professional from the Chinese firm hasn’t been responded to till now By Duncan Mlanjira Huawei, a Chinese company that is touted as a leading global…

ESCOM scholarship awards reaping fruits; Next cohort of 19 engineering students at MUBAS and MUST receive K8m

July 9, 2022

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| Business, Education, News

ESCOM’s CEO Kamkwamba Kumwenda presenting the scholarship * The assistance will go a long way in bridging the existing gap of female and male engineers in the country * Since the introduction of the program in 2017, there has been a tremendous increment in number of female engineering students * We have a lot of capable female students in the country, who can make it as great engineers By Victor Singano Jnr, Correspondent In its commitment to empower girl…

ECAM decries slow progress on child labour elimination

July 7, 2022

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| Business, National, News

* Government and its stakeholders urged to adopt the nation’s child labour policy * So as to expedite the progress towards the elimination of child labour in the country By Steven Mkweteza At this year’s commemoration of World Day Against Child Labour which was held in Zomba District, Employers’ Consultative Association of Malawi (ECAM), said it is worried with the country’s slow efforts towards the elimination of the worst forms of child labour by 2025. Vice-president for the association,…

COMSIP Cooperative Union scales up socio-economic livelihood support from 14 to all 28 districts

July 5, 2022

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| Business, National, News

* Its specifically aimed at instilling the culture of saving and investment * Increasing household incomes and productive assets through diversified IGAs (investments) * Improving the status of nutrition and health of household beneficiaries * Improving women and youth economic empowerment and financial inclusion By Duncan Mlanjira With blessings from funders, the World Bank, COMSIP Cooperative Union Limited has scaled up its livelihood support sub-component of the 5-year Malawi Government project — the Social Support for Resilient Livelihoods Project…

Ecobank provides Blantyre shop owners smart and convenient way of receiving payments from customers via ‘EcobankPay’ system

July 5, 2022

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| Business, News

* Launched in 2019 EcobankPay, is a smart system to pay and get paid through mobile phone * Shoppers have an option to either scan a Visa or Mastercard compliant QR code via Ecobank Mobile App * Or the use of Terminal ID via *326# Ecobank Mobile USSD — giving them the smart way to make payments when shopping By Victor Singano Jnr, Correspondent Ecobank Malawi has engaged Blantyre-based shop owners, who operate around Ginnery Corner’s Karim Ayub Mart…

Ministry of Agriculture responds to Chakwera’s concerns over delay to operationalise establishment of Mega Farms

July 2, 2022

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| Agriculture, Business, National, News

Chakwera during the Agriculture Commercialisation conference in Lilongwe *Two years down the line since assuming office, there seem there is no progress made * Chakwera ordered the Ministry of Agriculture to present to him a report within 6 months on the progress made By Duncan Mlanjira After President Lazarus Chakwera expressed concern over delays to establish any Mega Farm two years after he assumed office, which the Tonse Alliance touted during the presidential election campaign, the Ministry of Agriculture…

Government set to roll out Workers’ Compensation Fund administration

July 2, 2022

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| Business, News

Principal Secretary in the Ministry of Labour, Wezzie Kayira * Government has currently pumped in a seed fund of MK100 million in the 2022/2023 national financial year * The seed money is against the estimated total budget of MK1.5 billion for the Fund to adequately operate By Steven Mkweteza, Correspondent Malawi Government is now set to roll out the operalization of the Workers’ Compensation Fund later this year, says Principal Secretary in the Ministry of Labour, Wezzie Kayira. At…

Airtel Malawi Plc declares K32.5 billion dividend representing K2.95 per share

July 1, 2022

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| Business, News

From left: Indradip Mazumdar (Airtel Malawi finance director); Kayisi Sadala (Board director); Alex Chitsime (Board chairman); Hlupekire Chalamba (Airtel Malawi company secretary & legal director); Charles Kamoto (managing director and Vilengo Beza (partner, Deloitte) * The declared dividend is slightly way above the company’s profit after-tax of K32.3 billion * An increase from K22.1 billion after-tax profit registered in 2020 * Between financial years 2020 and 2021, the company also grew its customer base by 24% * To 6.25…

MACRA invests 31 motorbikes for Malawi Posts to improve delivery of mail and courier for rural communities

June 27, 2022

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| Business, National, News

MPC Board chairperson receiving the Yamaha XT250 motorcycles * Provision of universal postal services in the rural areas is a great burden to the public postal operator * One of the obligation of the public postal operator is to collect and deliver mail to rural and under-served areas * The motorcycles should help to bridge the last mile from district post offices to the rural remote post offices By Duncan Mlanjira Through the Universal Service Fund, Malawi Communications Regulatory…