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Category: Business

Malawi’s communication license holders owe MACRA K9.4 billion; Some debt dating back to 2021
June 20, 2022
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| Business, Entertainment, National, News

MACRA Director General Daud Suleman addressing the media * Currently there are 12 license holders — in broadcasting; telecommunication; postal and courier services * Who risk having their licences revoked if they do not meet the deadline they gave themselves to pay their arrears * Topping the list are players in the telecommunication, who owe MACRA over K8.2 billion * With over K800 million by broadcasters and K377 million by the postal and courier service providers By Duncan Mlanjira…

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Malawians appalled at the revelation of sabotage of ESCOM national power grid lines
June 20, 2022
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| Business, National, News

ESCOM CEO Kamkwamba Kumwenda addressing the media on Sunday * 100 megawatts of power went off the national grid on Sunday night * Which prompted the utility service provider to execute an emergency load shedding outside its scheduled programme By Duncan Mlanjira Malawians took to social media to react over the news that some unscrupulous people are vandalising national power grid lines for Electricity Supply Corporation of Malawi (ESCOM), which prompted the utility service provider to execute an emergency…

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Members of NICO Life’s Tilinanu Funeral Cover stand chance of winning a full year of free premiums
June 20, 2022
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| Business, News

* Five winners will be determined from a draw held after three months * Tilinanu Funeral Cover is an affordable individual cover that pays up to K1 million in the case of death * In an effort aimed at minimising challenges that arises during the grieving period By Duncan Mlanjira NICO Life has launched a promotion that will see members of its Tilinanu Funeral Cover winning a full year of not paying premiums. Launched in 2019, Tilinanu Funeral Cover…

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Public suspects that saboteurs of ESCOM power lines could be disgruntled former fired staff
June 19, 2022
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| Business, National, News

* Immediately after the blackout, which the public thought was the load shedding exercise * Such kind of vandalism of 66kV overhead line can only be done by an expert * The conductors that ESCOM says were vandalized were left behind because they were of no use to an individual By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM) says it is investigating the actual cause of the system shutdown failure that resulted in loss of nationwide power loss…

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Sunbird Tourism Plc posts K749m profit after tax on year ended 2021
June 19, 2022
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| Business, News, Tourism

The magnificent Sunbird Waterfront Hotel in Salima * The turnaround to the increased business volumes in 2021 as compared to 2020 when CoVID-19 effects were at at its peak * Lakeshore resorts performed well unlike the city hotels because they were driven by conferences By Steven Mkweteza, Correspondent Despite the prevailing devastating impact of CoVID-19 in the hospitality and travel industry, Sunbird Tourism Plc has announced that it has posted a profit after tax of K749 million in the…

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Stagflation and misalignment of comparative advantages in Africa
June 18, 2022
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| Business, International, News, Opinion Column

* Economies do not recover from the blues, there are extra efforts that are put in place to ensure that a country moves out of poverty * If African countries continue to rely on international institutions without putting in place structures to help them escape poverty, serious problems like stagflation will find a home in our midst * It’s past the time for us to recognize that an economy is built piece by piece, not just with vision but…

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ICON Properties and Eris Properties invest in establishment of stately KFC restaurant at Chichiri Shopping Mall that includes Drive-In services
June 16, 2022
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| Business, News

* The Drive-In service is targeted to just take less than two minutes from point of order though an intercom * To the paying cubicle and finally the food handover cubicle * This adds to three of KFC restaurants — with another in Blantyre central business district (CBD) * The other in Lilongwe — that also has a Drive-In service By Duncan Mlanjira With partnership from NICO Group’s ICON Properties and Eris Properties, Afribrand has provided a stately KFC…

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Premier Bet Malawi demands K100m as defamation compensation from a Lilongwe man over an alleged fake win of same K100m
June 14, 2022
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| Business, Law Enforcement, News

The contentious presentation of the K100 million reward * During the first article that was shared to the media houses, it never mentioned that Mercy Phiri was not her real name * The media houses edited that only after we raised a query to them * Immediately after our article, some media houses took down the story from their website * Premier Bet also immediately after our suspicions deactivated the game from their website By Duncan Mlanjira Lilongwe-based Kenneth…

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Mibawa Studios earns US$20,000 from the successful beaming of Group D 2023 AFCON qualifiers at Bingu National Stadium
June 13, 2022
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| Business, News, Sports

The match between the Flames and Ethiopia which the hosts won 2-1 * First match between the Flames and Ethiopia and second between Ethiopia and Egypt * It has not been by chance that CAF selected Mibawa Studios to beam its 2023 AFCON qualifier games * It taken four years for us to break through because TV football production is probably one of the most expensive TV productions By Duncan Mlanjira After a long investment period of over four…

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Hallmark Creations Limited rebrands to Hallmark Limited in celebration of its 10th Anniversary
June 13, 2022
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| Business, News

* ‘Hallmark @ 10: Call to Greatness’ as it enhances into a general supplying company in printing and all forgoing services * The wholly Malawian-owned firm has capacity to compete fairly with all players both local and international * We have restructured our way of doing business to ensure that our service delivery to you our clients, remains top notch * Our decade of growth is a clear testimony that there are too many of you out there that…

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