Business – Page 198 – Maravi Express – Your Kind of News. Clear and accurate.

Ecobank provides Blantyre shop owners smart and convenient way of receiving payments from customers via ‘EcobankPay’ system

July 5, 2022

* Launched in 2019 EcobankPay, is a smart system to pay and get paid through mobile phone * Shoppers have an option to either scan a Visa or Mastercard compliant QR code via Ecobank Mobile App * Or the use of Terminal ID via *326# Ecobank Mobile USSD — giving them the smart way to make payments when shopping By Victor Singano Jnr, Correspondent Ecobank Malawi has engaged Blantyre-based shop owners, who operate around Ginnery Corner’s Karim Ayub Mart…

Ministry of Agriculture responds to Chakwera’s concerns over delay to operationalise establishment of Mega Farms

July 2, 2022

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| Agriculture, Business, National, News

Chakwera during the Agriculture Commercialisation conference in Lilongwe *Two years down the line since assuming office, there seem there is no progress made * Chakwera ordered the Ministry of Agriculture to present to him a report within 6 months on the progress made By Duncan Mlanjira After President Lazarus Chakwera expressed concern over delays to establish any Mega Farm two years after he assumed office, which the Tonse Alliance touted during the presidential election campaign, the Ministry of Agriculture…

Government set to roll out Workers’ Compensation Fund administration

July 2, 2022

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Principal Secretary in the Ministry of Labour, Wezzie Kayira * Government has currently pumped in a seed fund of MK100 million in the 2022/2023 national financial year * The seed money is against the estimated total budget of MK1.5 billion for the Fund to adequately operate By Steven Mkweteza, Correspondent Malawi Government is now set to roll out the operalization of the Workers’ Compensation Fund later this year, says Principal Secretary in the Ministry of Labour, Wezzie Kayira. At…

Airtel Malawi Plc declares K32.5 billion dividend representing K2.95 per share

July 1, 2022

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From left: Indradip Mazumdar (Airtel Malawi finance director); Kayisi Sadala (Board director); Alex Chitsime (Board chairman); Hlupekire Chalamba (Airtel Malawi company secretary & legal director); Charles Kamoto (managing director and Vilengo Beza (partner, Deloitte) * The declared dividend is slightly way above the company’s profit after-tax of K32.3 billion * An increase from K22.1 billion after-tax profit registered in 2020 * Between financial years 2020 and 2021, the company also grew its customer base by 24% * To 6.25…

MACRA invests 31 motorbikes for Malawi Posts to improve delivery of mail and courier for rural communities

June 27, 2022

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MPC Board chairperson receiving the Yamaha XT250 motorcycles * Provision of universal postal services in the rural areas is a great burden to the public postal operator * One of the obligation of the public postal operator is to collect and deliver mail to rural and under-served areas * The motorcycles should help to bridge the last mile from district post offices to the rural remote post offices By Duncan Mlanjira Through the Universal Service Fund, Malawi Communications Regulatory…

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

June 27, 2022

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* 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…

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

June 25, 2022

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* 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…

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

June 25, 2022

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* 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…

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

June 25, 2022

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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…

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

June 24, 2022

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| Business, Entertainment, News, Tourism

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…