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Category: Business

Airport Development Limited’s to expand its solar farm to feed into national power grid
June 24, 2022
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| Business, National, News

The solar farm at Kamuzu International Airport * This has come at a time when the country is still facing difficulties in power supply * A lot of areas across the country are experiencing more blackouts due to load shedding of about 4-6 hours per day By Ivy Kapaswiche, MANA Airport Development Limited (ADL) says it is finalising all processes to expand its solar farm project at Kamuzu International Airport (KIA) to contribute more onto the national power supply. This…

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‘The stench of evil twins of corruption and fraud are still largely responsible for Malawi’s retarded development’—HRDC
June 23, 2022
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| Business, Law Enforcement, National, News, Politics

* To this day, there is rampant suspected corruption and abuse of public resources * As well as gapping loopholes in public financial systems that have resulted in the loss of Billions of public funds * The gulf between the rhetoric and the reality of the levels of suspected corruption is like day and night By Duncan Mlanjira Human Rights Defenders Coalition (HRDC) says President Lazarus Chakwera that in his early major campaign speeches, he had vowed “to disinfect…

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MultiChoice Malawi to adjust residential DStv and GOtv subscription rates upwards effective July 15
June 23, 2022
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| Business, Entertainment, News

* In response current economic pressures Malawi is facing and taken into account the 25% devaluation of the Malawi Kwacha * As MERA also increases fuel pump prices effective today June 23 By Duncan Mlanjira As Malawi Energy Regulatory Authority (MERA) has increased fuel pump prices effective today, June 23, MultiChoice Malawi is also set to adjust residential DStv and GOtv subscription rates upwards effective July 15. MERA has also increased petrol by 44.92% (now at K1,999 a liter…

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African Parks thrives to enhance positive community engagement to advance positive co-existence around Liwonde National Park boundaries
June 22, 2022
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| Business, Law Enforcement, National, News

* Ever since 2015, thousands of community members have benefited directly from Liwonde Park * In the form of environmental education, scholarships, healthcare infrastructure and supporting them in income-generating activities * Interprise initiatives include Spicy Farmers, which produced over 70 tonnes of chilies in 2021 * Honey for Heart’ project has nearly doubled its honey harvest since its inception in 2018 * Liwonde also supports vegetable and livestock farmers which are thriving under the irrigation assistance Analysis by Duncan…

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Government sits on 40% of occupancy in MPICO’s properties; Accumulating K3.8 billion in rental arrears
June 22, 2022
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| Business, News

Jiya making her presentation at the AGM * The defaulting on arrears were impacting the cash flows, competitiveness and cost of maintenance * The government has since committed to settle K3.1 billion after a legal redress By Steven Mkweteza, Correspondent MPICO’s Plc, the country’s leading real estate and properties managing portfolio, says it has now put in place a number of segment-based  strategies aimed at diversifying sources of revenues to increase profitability. This is to ensure that government does…

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Malawi’s communication license holders owe MACRA K9.4 billion; Some debt dating back to 2021
June 20, 2022
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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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* 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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