Illovo Sugar Malawi Plc partners with ESCOM in energy conservation by reducing its power demand by 4MW during off-peak hours

* Finalizing plans to improve the use of its own power with ESCOM support * So that it can further reduce its power demand from ESCOM * Enabling ESCOM to provide increased access to power for new and existing users By Duncan Mlanjira Illovo Sugar Malawi Plc — in partnership with Electricity Supply Corporation of Malawi (ESCOM) — has started reducing its power demand by 4 megawatts during its off-peak business hours through shifting its irrigation practices as part…

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NOCMA’ assertion that fuel is cheaper in Malawi attracts public wrath

* Malawi can have the cheapest of everything but the people will still suffer * Because they can hardly make enough money to buy the cheapest of things * They compare with other countries where a domestic worker is getting almost K150,000 By Duncan Mlanjira In defending the astronomic fuel price increase, National Oil Company of Malawi (NOCMA) deputy chief executive officer, Helen Buluma alluded that the prices are cheaper in Malawi, saying petrol was supposed to be at…

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CAMA demands government to temporarily remove all levies on fuel to cushion consumers

* During this difficult time, President Lazarus Chakwera approved the reintroduction of both old and new levies or taxes on prices of fuel * Yet the President and his Ministers are given free fuel for doing absolutely nothing at the expense of the poor Consumers * CAMA is also asking the President to immediately come up with realistic austerity measures for himself and his friends in Cabinet By Duncan Mlanjira Consumers Association of Malawi (CAMA) says the recent high…

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NOCMA deemed to contribute towards recent high fuel prices through its commitment to pay extra costs for fuel importation assigned to private transporter association

PIL will now be transporting its fuel products using cargo trains from the Mozambican port of Nacala * The supplier in Tanzania, Camel Oil is offering the rates that are lower than MERA’s prescribed Fuel Haulage Rates * Which have just been revised upwards on the 10th of April, 2022 * Thus NOCMA committing to top up the difference between the two rates to be within the country’s Regulated Rates * NOCMA offering the Association a Credit Facility for…

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All set for Malawi Sand Music Festival as FDH Bank Plc sponsors K15 million towards its preparations and hosting

Harawa (left) receiving the sponsorship from FDH Bank’s Lorraine Chikhula * The annual music festival will celebrate its 12th anniversary of bringing together the cream of Malawian performing artists * As well as renowned international musicians which always require a lot of money * But they lack support from the corporate world like the gesture shown by FDH Bank By Victor Singano Jnr, Correspondent Preparations for the country’s major annual entertainment and tourism attraction jamboree, the Sand Music Festival…

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Airport Development Limited’s to expand its solar farm to feed into national power grid

The solar farm at Kamuzu International Airport * This has come at a time when the country is still facing difficulties in power supply * A lot of areas across the country are experiencing more blackouts due to load shedding of about 4-6 hours per day By Ivy Kapaswiche, MANA Airport Development Limited (ADL) says it is finalising all processes to expand its solar farm project at Kamuzu International Airport (KIA) to contribute more onto the national power supply. This…

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‘The stench of evil twins of corruption and fraud are still largely responsible for Malawi’s retarded development’—HRDC

* To this day, there is rampant suspected corruption and abuse of public resources * As well as gapping loopholes in public financial systems that have resulted in the loss of Billions of public funds * The gulf between the rhetoric and the reality of the levels of suspected corruption is like day and night By Duncan Mlanjira Human Rights Defenders Coalition (HRDC) says President Lazarus Chakwera that in his early major campaign speeches, he had vowed “to disinfect…

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MultiChoice Malawi to adjust residential DStv and GOtv subscription rates upwards effective July 15

* In response current economic pressures Malawi is facing and taken into account the 25% devaluation of the Malawi Kwacha * As MERA also increases fuel pump prices effective today June 23 By Duncan Mlanjira As Malawi Energy Regulatory Authority (MERA) has increased fuel pump prices effective today, June 23, MultiChoice Malawi is also set to adjust residential DStv and GOtv subscription rates upwards effective July 15. MERA has also increased petrol by 44.92% (now at K1,999 a liter…

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African Parks thrives to enhance positive community engagement to advance positive co-existence around Liwonde National Park boundaries

* Ever since 2015, thousands of community members have benefited directly from Liwonde Park * In the form of environmental education, scholarships, healthcare infrastructure and supporting them in income-generating activities * Interprise initiatives include Spicy Farmers, which produced over 70 tonnes of chilies in 2021 * Honey for Heart’ project has nearly doubled its honey harvest since its inception in 2018 * Liwonde also supports vegetable and livestock farmers which are thriving under the irrigation assistance Analysis by Duncan…

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Government sits on 40% of occupancy in MPICO’s properties; Accumulating K3.8 billion in rental arrears

Jiya making her presentation at the AGM * The defaulting on arrears were impacting the cash flows, competitiveness and cost of maintenance * The government has since committed to settle K3.1 billion after a legal redress By Steven Mkweteza, Correspondent MPICO’s Plc, the country’s leading real estate and properties managing portfolio, says it has now put in place a number of segment-based  strategies aimed at diversifying sources of revenues to increase profitability. This is to ensure that government does…

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