Business – Page 200 – Maravi Express – Your Kind of News. Clear and accurate.

CAMA accuses government of transferring responsibility to “helpless consumers” on calls for immediate reduction of cooking oil

May 2, 2022

* Minister of Trade issues a final warning to all perpetrators that drastic action will be taken against to all traders that are not abiding by the gazetted notice * While at the same time encouraging the public to report with immediate effect all the suppliers that have not yet reduced the prices * What I find disturbing is the unwillingness by the Ministry of Trade to provide the right market prices—John Kapito By Duncan Mlanjira The Ministry of…

Castel adjusts upwards prices of selected beer, alcomix, squash and carbonated soft drinks

April 30, 2022

| No Comments

| Business, Entertainment, National, News

Maravi Express With effect from Sunday, May 1, Castel Malawi has made a major price adjustments of its products since 4 years ago, by increasing prices of selected beer products, its alcomix products and carbonated soft drinks. In a statement, Castel said they would have loved to maintain the current prices but had to make the adjustments “due to global inflation in the operating environment”. “We are compelled to take this decision due to increase in production and distribution…

EGENCO swiftly restores 19.1MW at Tedzani IV that was switched off the national power grid for maintenance works

April 30, 2022

| No Comments

| Business, National, News

Minister Matola and EGENCO management after touring inside Tedzani IV * The maintenance works for Tedzani IV were necessitated as effects of Tropical Cyclone Ana * Rock boulders went into its water exit channel (tailrace) * The works coincided with a one-year anniversary of the machine’s commissioning * It enabled project consultants to carry out contractual machine inspection and warranty repairs By Duncan Mlanjira Minister of Energy, Ibrahim Matola has commended Electricity Generation Company (EGENCO) engineers and its consultants…

NICO General enhances safe driving by rewarding customers who do not get involved in accidents

April 30, 2022

| No Comments

| Business, News

* Dubbed ‘Eetu Drive Better Rewards’ with the first winner walking away with a quarterly prize of K300,000 cash back and K300,000 discount on the next insurance * There will also be K200,000 cash back and K200,000 discount on next insurance for the runner-up and K100,000 for the third prize By Victor Singano Jnr, Correspondent NICO General Insurance has launched an innovative initiative to be rewarding its customers who do not get involved in accidents — dubbed ‘Eetu Drive…

Globe Internet rolls out ‘NetYathu Kawawa’ internet bundles

April 28, 2022

| No Comments

| Business, National, News

* The campaign is a special premier of three new data deals for day to day internet users * The packages, Kawawa 200, Kawawa 300 and Kawawa Unlimited each offer unique data volumes at competitive pricing * Tailored to suit variety of consumer spending patterns and internet needs * In this time and age, internet is no longer a luxury but a need—Chief Commercial Officer, Elias Imaan By Duncan Mlanjira Leading integrated ICT solutions provider, Globe Internet Limited has…

NICO Group sponsors K1.98m for reconstituted Public Universities Staff Sports Association to hold capacity building symposium

April 28, 2022

| No Comments

| Business, News, Sports

NICO’s Mwawi Nkhonjera presenting the sponsorship to Khumalo * NICO Group has been very supportive to the grouping as UMSSA dating back as 1999 * When they started participating in Southern Africa Universities Staff Sports Association * We value the relationship we have with these institutions be it through students, the administration or tutors By Duncan Mlanjira The country’s giant financial service provider, NICO Group has sponsored K1.98 million for the reconstituted Public Universities Staff Sports Association (PUSSAM) to…

Illovo Sugar Malawi Plc dismiss rumours of potential sugar shortage

April 28, 2022

| No Comments

| Business, News

* The company assures its customers, consumers and the general public that both mills have commenced production * It is common practice for cane haulage to be affected during the early part of the season due to wet fields * But mitigating measures are in place to facilitate cane supply to the factory By Duncan Mlanjira Illovo Sugar Malawi Plc assures the general public that rumours circulating through social media insinuating that there is a potential shortage of sugar…

CFTC set to release verdict on probe of granting sole motor vehicle blank number to Movesa

April 27, 2022

| No Comments

| Business, Law Enforcement, National, News

* To announce their determination on Tuesday after consulting the respondents * Which are the Directorate of Road Traffic and Safety Services (DRTSS) and Malawi Bureau of Standards * The complainant also petitioned the Anti-Corruption Bureau to investigate the same case last year By Duncan Mlanjira Competition and Fair Trading Commission (CFTC) has released complaints cases it considered and adjudicated at its 61st meeting on March 28 but it is yet to release findings of a case to do…

CFTA fines and refunds total of K11.89 million for cases it has adjudicated of anti-competitive business practices and unfair trading conduct

April 27, 2022

| No Comments

| Business, Education, National, News

Apoche Itimu (right) delivering the verdicts * Cases involve Old Mutual Pensions; Peoples Trading Centre; King Steel Limited; Central Poultry * As well as Chipiku Plus; Suncrest Creameries; Vanguard Life Assurance Company; Platinum Finance Limited * And alleged unconscionable conduct against 15 private schools By Duncan Mlanjira At its 61st meeting on March 28, the Competition and Fair Trading Commission (CFTC) considered and adjudicated over a total of 69 cases, which included 55 cases of unfair trading practices and…

Additional 19.1MW off the national power grid for 5 days to allow maintenance works at Tedzani IV

April 25, 2022

| No Comments

| Business, National, News

* Diesel generators will be in use to supplement the available hydropower station * In order to minimize the impact of the outage and inconvenience to the public * We have recommissioned one machine at Tedzani II which was undergoing rehabilitation works since December 2021 * Which brought back 10MW and has therefore reduced the capacity being removed By Duncan Mlanjira Tropical Cyclone Ana, that destroyed Kapichira Hydro Power Station infrastructure of Electricity Generation Company (EGENCO) in January that…