Business – Page 196 – Maravi Express – Your Kind of News. Clear and accurate.

MACRA revokes license for Prophet Bushiri’s Rainbow TV

June 12, 2022

* They have failed to do what is required of them as stipulated in the Communications Act * They last paid six months ago and MACRA has only acted upon powers vested in the Communications Act * Delayed payment due to ownership wrangles between major shareholder Prophet Bushiri and former owner Omar Kaisi By Andrew Magombo, MANA Malawi Communications Regulatory Authority (MACRA) has revoked the Television Content License for Rainbow Television over a substantial breach of failing to pay…

Lilongwe-Kasungu-Jenda-Mzimba; Kacheche-Chiweta road rehabilitation works to involve 4 contractors

June 12, 2022

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* China Jiangxi International together with Jiangxi Transport Ltd set for KIA junction up to Kasungu Boma * Portuguese contractor, Mota Engil’s stretch is from Kasungu Boma up to Jenda * Unik Constuction Engineering (Pty) Ltd takes up from Jenda up to Mzimba Boma Turn Off * China Henan International Co. Ltd’s stretch is from Kacheche to Chiweta By Duncan Mlanjira President Lazarus Chakwera is on July 5th expected to preside over the ground breaking for the rehabilitation works…

Serendib Suites in Namiwawa offers guests a quaint and charming atmosphere

June 11, 2022

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* Ideal for honeymooners; self-catering guests and for serene atmosphere corporate conferences * Located in Namiwawa, Blantyre along Chilomoni Ring Road just after the junction off the road towards Sanjika Palace * The wonderful and serene atmosphere dazzles the guest, complemented by its country lodge architectural facade of the suites By Duncan Mlanjira It was being managed under the name Namiwawa Lodge until Serendib Hotels & Resorts acquired the property in 2015 and turned the hotel into Serendib Suites…

CAMA asks Chakwera to reduce number of Cabinet Ministers to a maximum of 20 including deputies in response to government’s cost cutting measures

June 10, 2022

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President Lazarus Chakwera asked to reduce foreign travels * Cabinet Ministers and Senior Public Officers to with immediate effect stop international and local travels unless on emergencies and upon approval by the President himself * The President and his deputy, Saulos Chilima should drastically cut down on their international and local travels * And that he must reduce the number of embassies to 10 in order to reduce staffing in all foreign offices By Duncan Mlanjira Consumer Association of…

National Bank of Malawi Plc Board of Directors appoint Jimmy Lipunga as its chairperson

June 10, 2022

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* He is a also a corporate finance and project management specialist * A corporate strategist and corporate governance expert * He has over 30 years of solid experience and progressive leadership * With a record of contributions and achievements in professional, private and public sectors Maravi Express The Board of Directors of National Bank of Malawi Plc as appointed renowned financial analyst, Jimmy Kajanike Lipunga as its chairperson. A statement from the Board says Lipunga — (FCCA (1989),…

Press Corporation rejects PTC senior management’s request to terminate Tafika Holdings’ share purchase agreement

June 8, 2022

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* Press Corporation maintains that the senior management are not a party to the legally binding agreement * And as such the Corporation will not grant any such request or to any other person who is not party to the agreement * Your letter informs us that most of the issues raised and are internal to PTC organization * Hence it is our considered view that the same can best be handled by the management and owners of PTC…

Energy Minister Matola says ‘Achule’ remark was not referring to ordinary Malawians but opposition politicians

June 8, 2022

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Energy Minister Matola * Maintains that he was misinterpreted because he only meant to request the President to remain focused * In delivering developments without wasting time listening to oppodition politicians * Who are trying their best to frustrate the Tonse Alliance government By Victor Singano Jnr, Correspondent Malawi’s Minister of Energy, Ibrahim Matola has clarified that his ‘Achule’ remarks was not meant to attack ordinary Malawians but rather opposition politicians, who are failing to appreciate the development which…

Chokazinga appointed to lead Board for MBS he was its director general under whose watch was involved in controversy over blank number plates importation

June 8, 2022

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Chokazinga, formerly MBS director general * CFTC referred to ACB to investigate if there was any corruption involved * In granting the number plates importation to one firm, MOVESA by MBS and Road Traffic Directorate * Concerns are being asked by stakeholders to the garage industry of Chokazinga’s impartiality once the ACB would reach out to him By Duncan Mlanjira President Lazarus Chakwera has appointed Devlin Chokazinga as chairperson of the Board of Malawi Bureau of Standards (MBS) from…

FDH Bank Plc introduce ‘Kukonza Tsogolo’ promotion whose grand prize is K5m

June 7, 2022

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Msapato making the announcement * The promotion will also have monthly prizes where one lucky winner will be receiving K1 million * And K100,000 to 10 lucky customers as well as two metres of FDH Bank cloth to 50 lucky winners By Victor Singano Jnr, Correspondent As one way of promoting investment and savings culture among customers, FDH Bank Plc has launched a new promotion named ‘Kukonza Tsogolo’ which will see the biggest lucky winner receiving a whooping K5…

Government secures US$60 million loan to rehabilitate Kapichira Hydro Power Station; As Chakwera inaugurates Golomoti Solar Power Plant

June 6, 2022

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Chakwera inaugurating Golomoti Solar Power Plant in Dedza * The rehabilitation of Kapichira to help country reach target of having 1,000 megawatts on the national grid within the next 3 years * It aligns to the need to prioritise energy production as an enabler for the industrialisation as enshrine in the MW2063 vision By Patrick Ndawala, MANA President Lazarus Chakwera says government has secured a US$60 million soft loan from World Bank for the restoration of Kapichira Hydro Power Station…