Press Corporation rejects PTC senior management’s request to terminate Tafika Holdings’ share purchase agreement

* Press Corporation maintains that the senior management are not a party to the legally binding agreement * And as such the Corporation will not grant any such request or to any other person who is not party to the agreement * Your letter informs us that most of the issues raised and are internal to PTC organization * Hence it is our considered view that the same can best be handled by the management and owners of PTC…

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Energy Minister Matola says ‘Achule’ remark was not referring to ordinary Malawians but opposition politicians

Energy Minister Matola  * Maintains that he was misinterpreted because he only meant to request the President to remain focused * In delivering developments without wasting time listening to oppodition politicians * Who are trying their best to frustrate the Tonse Alliance government By Victor Singano Jnr, Correspondent Malawi’s Minister of Energy, Ibrahim Matola has clarified that his  ‘Achule’ remarks was not meant to attack ordinary Malawians but rather opposition politicians, who are failing to appreciate the development which…

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Chokazinga appointed to lead Board for MBS he was its director general under whose watch was involved in controversy over blank number plates importation

Chokazinga, formerly MBS director general * CFTC referred to ACB to investigate if there was any corruption involved * In granting the number plates importation to one firm, MOVESA by MBS and Road Traffic Directorate * Concerns are being asked by stakeholders to the garage industry of Chokazinga’s impartiality once the ACB would reach out to him By Duncan Mlanjira President Lazarus Chakwera has appointed Devlin Chokazinga as chairperson of the Board of Malawi Bureau of Standards (MBS) from…

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FDH Bank Plc introduce ‘Kukonza Tsogolo’ promotion whose grand prize is K5m

Msapato making the announcement  * The promotion will also have monthly prizes where one lucky winner will be receiving K1 million * And K100,000 to 10 lucky customers as well as two metres of FDH Bank cloth to 50 lucky winners By Victor Singano Jnr, Correspondent  As one way of promoting investment and savings culture among customers, FDH Bank Plc has launched a new promotion named ‘Kukonza Tsogolo’ which will see the biggest lucky winner receiving a whooping K5…

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Government secures US$60 million loan to rehabilitate Kapichira Hydro Power Station; As Chakwera inaugurates Golomoti Solar Power Plant

Chakwera inaugurating Golomoti Solar Power Plant in Dedza * The rehabilitation of Kapichira to help country reach target of having 1,000 megawatts on the national grid within the next 3 years * It aligns to the need to prioritise energy production as an enabler for the industrialisation as enshrine in the MW2063 vision By Patrick Ndawala, MANA President Lazarus Chakwera says government has secured a US$60 million soft loan from World Bank for the restoration of Kapichira Hydro Power Station…

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PTC Board suspends all 8 signatories to letter asking Press Corporation to terminate sale of PTC

Signatories to the letter sent to Press Corporation  * Tafika Holdings reportedly still hasn’t honoured its part of share purchase agreement * Malola travel and other expenses from South Africa are being funded by PTC * Company is failing to do business with other suppliers on credit line because Tafika owes them money from other business transactions By Duncan Mlanjira The Board of People’s Trading Centre (PTC) has suspended all 8 signatories to the letter which the senior management…

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Ecobank launches free SME booster training series to support small & medium enterprises

Registration link available on Ecobank Facebook page * Geared to provide a comprehensive suite of financial and non-financial solutions to MSMEs * In order to help them reach their full potential and increase their commercial and economic impact By Victor Singano Jnr, Correspondent The country’s leading Pan-African banking group,  Ecobank has rolled out its ‘Ecobank Small & medium Enterprises (SMEs) Booster Series’ — which is aimed at enhancing competitiveness through innovative business skills trainings across Malawi and Africa at…

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Japan hands over K2.5bn airport ground support equipment to Malawi

The state-of-the-art equipment By Leonard Masauli, MANA Lilongwe Handling Company (LIHACO) is expected to improve its effectiveness and efficiency of operations following a donation from the Japanese government of a K2.5 billion airport ground support equipment. At the handover ceremony held on Thursday at Kamuzu International Airport, Japanese Ambassador, Satoshi Iwakiri said the procurement of the equipment was part of a project meant to expand the terminal building at the airport, among other support services. The Ambassador noted that…

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PUMA assures customers of quality services as Thondwe Filling Station opens

The magnificent structure at Thondwe * The filling station underscores Puma’s commitment towards customer excellence and driving the economic growth in the country * We expect to grow with this country because Malawi has great potential for growth and we are happy to be part of this Victor Singano Jnr, Correspondent At the opening of Thondwe Filling Station in Zomba on Wednesday, Puma Energy Malawi Limited assured it’s customers of total adherence to its obligation of being customer-centric and…

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MRA strengthens staff integrity by establishing internal affairs investigation division

MRA Commisioner General John Biziwick  * It is mandated to not even spare the Commissioner General himself in its investigations on corruption * Including nepotism, sexual harassment in order to foster an ethical and high-performance culture * Also mandated to audit staff lifestyle; asset verification of declared assets and liabilities * Internal Affairs Division is most common in developed world in security agencies, tax revenue authority and other public institutions By Duncan Mlanjira In order to strengthen staff integrity…

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