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

Illovo Sugar Malawi Plc relaunches Tseketseke Everyday Chef competition whose grand prize is K5m

August 14, 2022

Illovo Sugar Malawi MD, Lekani Katandula * The recipe with the most likes on Facebook on a weekly basis will automatically be entered into the final ‘Cook-Off’ competition * To complement the online efforts, the company will simultaneously be running shopping mall activations during the weekends By Duncan Mlanjira Following its success last year, Illovo Sugar Malawi Plc has launched the second series of Tseketseke Everyday Chef online cooking competition using the company’s refined and dark demerara sugar. At…

Standard Bank invests in mega farm initiative by donating two greenhouses to Lilongwe-based GGL Farm

August 12, 2022

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* Agriculture Minister Lowe hails Standard Bank’s efforts in Agricultural Transformation Initiative * GGL Farm to be transferring knowledge and capacity to surrounding community farmers * And beyond so that everyone should benefit from the initiative, said Lowe By Leonard Masauli, MANA In its contribution towards the country’s initiative towards the promotion of agricultural transformation that will improve the country’s economy, Standard Bank has handed over two greenhouses to GGL Farm in Lumbadzi, Lilongwe. The farm is managed by…

Exposed business Osman Gani Issa obtains court injunction against further media disclosure of web of underground financial dealings

August 11, 2022

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* Separate legal notice from Ritz Attorneys-at-Law to PIJ restrains them “from making any further publications regarding this matter * As regards to the article published entitled ‘Malawi’s Backstreet Bankers’ published on August 10 By Duncan Mlanjira The High Court Commercial Division has granted an interlocutory injunction that restrains Zakir Mussa from further disclosure of a web of underground financial dealings, which was exposed by Platform for Investigative Journalism (PIJ). A High Court order made in chambers on Thursday,…

Malawians express disbelief that authorities weren’t aware of financial crimes exposed by Platform for Investigative Journalism

August 11, 2022

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* The FIA didn’t know, the Registrar of Financial Institutions only knew in July. The activities have been going on for so long * NBM — a private sector entity — flagged this entity several times, but government institutions didnt even know although there were flags * Are we this simple, easy, and naive? Kodi mma ofesi mu mukumatani anthu inu? By Duncan Mlanjira A report by Platform for Investigative Journalism (PIJ) published on Wednesday has exposed a…

Malawi launches Agribusiness Deal Room with a call for bold investment towards agricultural transformation ahead of 2022 AGRF in Rwanda

August 11, 2022

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Dessalegn with President Chakwera on his visit to Malawi * Guest of honor was former Prime Minister of Ethiopia, Hailemariam Dessalegn * Current Board chairperson of the Alliance for a Green Revolution in Africa (AGRA) and AGRF Partners Group * Ministry of Agriculture is championing several policy reforms all meant to create a conducive environment for the business of agriculture * Dessalegn commended President Chakwera’s leadership in the commitment to the country’s agricultural transformation By Duncan Mlanjira In line…

Part of ESCOM’s K112 billion loss is due to EGENCO’s and IPPs’ billing systems

August 10, 2022

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The car in question when it was being rehabilitated * CEO Kumwenda also clarifies that the official Land Cruiser that he inherited is an accident-rehabilitated car and is 5 years old * After some members of the public attacked ESCOM, with some accusing that the CEO drives an expensive vehicle By Duncan Mlanjira When Electricity Supply Corporation of Malawi (ESCOM) does not utilise power provided by Energy Generation Company (EGENCO) and private independent power producers (IPPs), it is still…

ESCOM slowly dying; Parliament needs to approve raising consumers’ power tariff—CEO Kamkwamba Kumwenda

August 9, 2022

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Kumwenda with some members of his management team at the press conference * EGENCO and the IPPs charge K140 per kilowatt/hr, yet ESCOM charge the same kilowatt/hr at K104 from the consumer * MERA should Parliament to increase power tariff to over K140 per kilowatt/hr * Or ESCOM faces a bleak future since it will forever be making losses to the extent that it shall even fail to pay its staff’s salaries By Duncan Mlanjira Since Electricity Supply Corporation…

MACRA in the process of developing E-waste strategy to protect environment and citizens’ health

August 9, 2022

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* E-waste includes fridges, TVs, fluorescent lamps, large telecommunication equipment, mobile phones, computers * Some discarded equipment contain some high levels of contaminants, which can harm people and the environment By Duncan Mlanjira Malawi Communications Regulatory Authority (MACRA) is in the process of developing an E-waste strategy to address issues of management involving any electrical and electronic equipment that is discarded or is intended to be discarded or is required to be discarded after use. Such include temperature equipment…

NBM Development Bank disburses over K3.5 billion to local SME’s since its 4 years of existence

August 9, 2022

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* Over a billion went to business owned by women while close to K500 million towards youth entrepreneurs By Victor Singano Jnr, Correspondent National Bank of Malawi (NBM) Development Bank has managed to disburse over K3.5 billion to both startup businesses and Small & Medium Entrepreneurs (SME’s) within 4 years since it was establishment in 2019. The first privately-owned NBM subsidiary — which is mainly aimed at providing long term funding to SME’s — says out of the said…

MACRA engages ICT industry to discuss regulatory issues and innovative ideas pertinent to growth of the sector

August 9, 2022

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Minister of Information & Digitalisation, Gospel Kazako * At first-of-its-kind ‘MACRA Open Day’ held on Monday launched by Minister of Information Kazako * Second session tomorrow at BICC in Lilongwe and in Mzuzu on Friday at Grand Palace Hotel * All public institutions such as MACRA must always accountable to the public—Kazako By Duncan Mlanjira Malawi Communications Regulatory Authority (MACRA) has established the first-of-its-kind, ‘MACRA Open Day’, as a hub where where every year it will be engaging its…