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

NICO General inspired with clients’ overwhelming response for ‘Eyetu Drive Better Rewards’ promotion as first draw produces 9 winners

July 17, 2022

* NICO General understands the frustration that may come with paying premiums * The campaign has been well received on the market and the number of people inquiring about it proves that By Victor Singano Jnr, Correspondent NICO General has expressed deep satisfaction of the response being shown by the public — both existing and new clients — in the newly introduced ‘Eyetu Drive Better Rewards’ promotion, saying it is receiving a tremendous feedback in its first quarter. The…

200 farmer groups to benefit from Malawi Watershed Improvement Project matching grants

July 16, 2022

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| Agriculture, Business, National, News

* Agriculture Minister Lowe impressed with Mega Farm concept implementation by Chimpeni Estate in Zomba * After finishing harvesting tobacco in April, Chimpeni Farm grew sugarbeans seed on a land over 100ha using center pivot irrigation * Come July, they intend to grow another crop to be harvested in October or thereabout * Before planting tobacco again this same season — three times cropping in a year By Loness Gwazanga, MANA & Duncan Mlanjira, Maravi Express About 200 farmer…

K8.6 billion earmarked to boost Karonga tourism

July 16, 2022

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| Business, National, News, Tourism

Minister of Tourism Michael Usi addressing people in Karonga * Under the National Tourism Investment Master Plan launched by President Lazarus Chakwera on April 4 * The investment in Karonga includes a Songwe Border transit facility which will consist a 40-seat restaurant * A 24-room motel, fast food outlet, ATM facilities, children’s playground and public toilets By Zenak Matekenya, MANA Minister of tourism, Culture and Wildlife Michael Usi has said government will this year start investing K8.6 billion in…

NGO reaffirms commitment to restore natural fisheries productivity along Lakeshore districts

July 16, 2022

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| Business, National, News

* Calls for ownership of fisheries initiatives to ensure targeted Lake Malawi aquatic habitats are healthy and well-managed By Fostina Mkandawire, MANA Acting chief of party for Restoring Fisheries for Sustainable Livelihoods in Lake Malawi-REFRESH project, Marianna Balampama has reaffirmed her organizations commitment to restore natural fisheries productivity in Lakeshore districts. Speaking during a closing ceremony for the ‘Pause and Reflect Workshop’ in Salima on Thursday, Balampama commited that they will continue working to ensure that targeted Lake Malawi…

Illovo Sugar (Malawi) Plc posts K9.213bln half-year profit after tax

July 15, 2022

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| Business, News

* An interim dividend was declared of K5.56 per share — up from K4.00 in 2021 * Revenue went up by 24% from K74 billion in 2021 half year to K92.0 billion By Duncan Mlanjira Illovo Sugar Malawi Plc, which made a net profit K20.5 billion in its 2021 financial year, has posted K9.213 billion as its 2022 half-year profit after tax — up from K6.116 billion performance of the same period in 2021, representing 51% increase. This was…

MultiChoice Expansion Program invests in Malawian TV content to be produced for Zambezi Magic

July 15, 2022

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| Business, Entertainment, News

Christopher Puta (left) with Neil McCarthy, actor, producer and writer * Project Pamodzi initiative will be a collaborative project between MultiChoice, local television channels and industry bodies in various African territories * It will be done through industry experts led Masterclasses and driven by MultiChoice Talent Factory * Which is the MultiChoice industry-development and training programme By Duncan Mlanjira In its endeavour to revolutionise the African TV sector, MultiChoice Africa has launched its MultiChoice Expansion Program — Project Pamodzi,…

Mulli’s National Bus Company’s courier licence renewal withdrawn but pending court stay order obtained for judicial review

July 15, 2022

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| Business, Law Enforcement, National, News

* Prominently missing on the red list as having fully met their regulatory requirement are Times Group (radio, TV and courier) * And Malawi Broadcasting Corporation (MBC) — both radio and TV * Out of the 27 on the list, just Mibawa Television and Radio Maria are on track having submitted post-dated cheques * Minister of Information, Gospel Kazako’s Zodiak Broadcasting Station (ZBS) is also under regulatory sanctions By Duncan Mlanjira Prominent businessman, Leston Mulli’s National Bus Company reportedly…

The law targets illegal charcoal producers, not necessarily consumers— Natural Resources Ministry official

July 15, 2022

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| Business, Law Enforcement, National, News

* Government is on the contrary promoting licensed charcoal production by people * Who have tree reserves or commercial man-made forests which are ready for harvesting * This would ensure consumers have a legal and sustainable means of charcoal * Many people did not thoroughly go through the Act, hence they only reacted harshly to the maximum penalties and not the minimum By Mike van Kamande, MANA Deputy Director for Forestry in the Ministry of Natural Resources and Climate…

Two arrested in Lilongwe over possession of fake Malawi K5,000 bank note allegedly being forged in SA

July 15, 2022

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| Business, Law Enforcement, National, News

Mwango (left) and Uko * Suspect tells police investigators that she received the money on June 3, 2022 from her friend based in the South Africa By Caroline Nyekanyeka Kanengo Police Station in Lilongwe reports that they have arrested two people for allegedly being found in possession of forged Malawi currency amounting to K11 million. The two have been identified as a 37-year-old woman Cecelia Mwango, and a 40-year-old man Tifunsenji Uko and Mwango told police investigators that she…

MACRA seals off Minister Katsonga’s AMPEX Courier Ltd for illegal courier operations; Its manager and accountant arrested

July 14, 2022

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| Business, Law Enforcement, National, News

Minister of Trade Mark Katsonga-Phiri * On April 14, MACRA Board approved the renewal of AMPEX Domestic Courier Services licence * Subject to the company settling its outstanding licence fees and levies amounting to K29,579,418 as well as paying US$5,000 renewal fees * AMPEX was advised not to operate courier services until they obtain a valid courier licence but was still operating courier services contrary to its directive By Duncan Mlanjira MACRA has sealed off Minister of Trade, Mark…