Category: Business

By Duncan Mlanjira Castel Malawi Ltd, which is at risk of closure due to continued decline in sales volume, turnover and heavy excise tax rate, will continue to retrench its staff this month. The French company, which took over management of Carlsberg Malawi Brewery just a few years ago, retrenched close to 200 employees in August. In a recent memo dated 30th September, 2019 signed by Director of Human Resources, Naomi Nyirenda, informs the staff members that the second…

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Castel Malawi has announced a second phase of retrenchments. This follows a memo that was signed by the director of human resources Naomi Nyirenda The company claims that this is a result of financial difficulties that they are facing due to the economic situation. The first phase of the retrenchment came in August 2019 when 200 members of staff were retrenched. Castel is also blaming it’s predicament on high taxes. Commentators are speculating that the current trend indicates that…

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By Duncan Mlanjira ICON Properties, the subsidiary company of the NICO Group that became a limited company in November last year, made profit after tax of K1.28 billion for two months period that ended 31st December, 2018. This was disclosed on Monday at Marriot Protea Ryalls Hotel in Blantyre at the company’s annual general meeting with its shareholders. Standing in for their chairman, Robert Scharar, ICON Properties director, Vizenge Kumwenda, who is Managing Director of NICO Group, said ICON…

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By Duncan Mlanjira In her key note address at the opening ceremony of the 2019 Institute of Chartered Accountants of Malawi (ICAM) conference at Sun ‘n’ Sand Holiday Resort in Mangochi on Thursday evening, guest of honour High Court Judge Justice Zione Ntaba said professionalism should not only be evidenced through academic and professional papers but the output they can provide as a result of such glorious qualifications. “It is imperative that professionals should be the key ingredient in…

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Malawi’s leading financial services provider NICO Group on Tuesday presented a sponsorship package to Egenco for the country’s energy service generators Egenco to host the 29th Africa Hydro Symposium (AHS) scheduled for October 8-10 at the new conference centre at Sunbird Mount Soche Hotel. Presenting the cheque on behalf of NICO Group’s Managing Director Vizenge Kumwenda at their head office in Blantyre on Tuesday, NICO General’s Chief Executive Officer, Donbell Mandala said they decided to respond to the appeal…

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By Duncan Mlanjira As part of the global ESET Security Company’s drive to expand its information and communication technology (ICT) footprints on the African continent and Malawi in particular, ESET Africa engaged its long time partner, Inspired Computer Technology Consultants (ICTC) Malawi, in a comprehensive technical training in order to equip them with its advanced products and services.  ICTC Malawi’s Managing Director, Jane Nthakomwa said the training, held from Monday to Wednesday at ICTC Malawi offices in Lilongwe, focused…

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