MyBucks Malawi not under any bankruptcy order of receivership

By Caroline Nyekanyeka MyBucks Malawi has assured the public that bankruptcy process of its SA-based parent company has not impacted its operations, saying before the South Africa company was placed into bankruptcy in December, there were already processes underway of disposing of its 100% shareholding in MyBucks Malawi to a strategic investor. Thus, MyBucks Malawi management assures its clients and the general public that despite the bankruptcy process by its mother company in SA, it continues to operate normally….

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National Construction Industry Council deregisters Joadah Consult Limited

By Caroline Nyekanyeka After finding Joadah Consult Limited guilty of breaching and flouting the Code of Ethics for consultants in the construction industry, the (NCIC) has deregistered the company and struck its name off the register. A public notice flighted in Friday’s The Daily Times newspaper, said Joadah Consult Ltd was found guilty of participating in national competitive bidding processes contrary to the conditions of its Temporary Licence and issuing false statements or testimony — both being a breach…

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NICO Life launches funeral policy for Malawians in diaspora in partnership with WiseChoice Insurance Agency

Deal sealed by WiceChoice’s Mapereka and NICO Life’s Chapola * Set to pay out a cash benefit between K1 million and K5 million for funeral expense services * It has also been designed to be flexible enough for the benefit of those left behind * Premiums to be paid through WiseChoice Insurance Agency’s online insurance platform through local banks and mobile money transfers By Duncan Mlanjira There have been many occasions when Malawians in diaspora and their relations back…

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Globe Internet Ltd launches one-stop Yankho Online business information processing platform

* Simplifies the management of information across all industries; * Manages job applications and shortlisting processes for companies’ recruitment exercises; * Registers memberships for associations, updates and general management; * Registers, enrolls, bills and integrates all student information issues and reconciliations for the education sector By Duncan Mlanjira Globe Internet Limited — one of the leading internet and information & communications technology (ICT) service provider — has launched a new product, Yankho Online; a web-based platform for processing business…

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Standard Bank Plc named Best Bank in Malawi by Global Finance

* The award reaffirms Standard Bank as the best financial partner to drive growth for clients and Malawi * It goes to show that we not only delivering solutions for our clients but that our clients trust us * And believe that we work our level best to help them achieve their goals—CEO Madinga By Duncan Mlanjira The world’s most affluent financial publication, Global Finance has named Standard Bank Plc as best bank in Malawi at its 29th annual…

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Low upward fuel price adjustments hurting retailers as they are forced to bear heavy burden of business capitalization

* Our members feel their patience has been stretched to the limit and are now threatening drastic action * For being forced to continue bearing such a heavy burden of business capitalization with a continued depreciation of returns * The fuel price adjustment on Sunday resulted in a further erosion of the retailers margin by 17.67% for petrol and 25.15% for diesel * As a consequence of maintaining a fixed margin of K78.44 per liter for both products By…

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CAMA accuses government of negligence to act on cooking oil price increase trends whose consequences were warned of 2 years ago

* CAMA’s statement is entitled ‘Government and Consumers Cheated by Cooking Oil Manufacturers’ * It is now becoming completely difficult for Government and CFTC to engage and agree with these cooking oil refining companies * Regarding the reduction of cooking oil prices which have currently skyrocketed * Government creates these Agencies to ensure that some traders or producers do not take advantage of their monopolistic positions on the market By Duncan Mlanjira Consumers Association of Malawi (CAMA) emphasizes that…

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Blue Waters and Kambiri Lake Malawi resorts entice revelers to sumptuous Easter Brunch buffet

* The Easter Brunch, set for Saturday and Sunday (April16-17), is going at K12,000 for adults and K9,000 for kids for day visitors * Other activities on offer include various types of water sports, lake speed boat rides mini water-park * This is also to market and stamp the credentials of Kambiri Beach Resort which has now been restored and elevated its iconic ambience * The two resorts are owned by Serendib Hotels and Resorts group By Duncan Mlanjira…

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MACRA warns unlicensed package couriers of K1m fine plus two-year jail term if caught

The event was spiced up by performing artist Fugie Kasipa * Malawi Police Service attested that it is illegal to carry out courier services * While advising the public that if they detect anyone doing so should report to the police or MACRA By Duncan Mlanjira Malawi Communications Regulatory Authority (MACRA) is on a campaign to sensitise the general public that they should make sure the buses and other motorists they use as courier to send parcels and packages…

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Prophet Bushiri honoured with Good Samaritan Award by National Product Magazine

Proud moment for Prophet Bushiri * It is the first-ever to receive in Malawi apart from numerous recognitions from foreign countries * I am very encouraged because this shows that there are other people who appreciate the efforts we make Victor Singano Jnr, Correspondent In celebration of its 80th edition, National Product Magazine awarded Prophet Shepherd Bushiri of Enlightened Christian Gathering (ECG) with a Good Samaritan Award for his humanitarian charitable programmes he reaches out to underprivileged Malawians. In…

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