Category: Business

President Lazarus Chakwera sampling the green gold during last season’s market * Lowest grade sold around 176 cents from government prescribed rate of 95 cents * Tobacco Commission anticipates to sell about 100m kgs against 161m trade requirement for this year * Volumes lower this year because of variations in rainfall patterns that started later than usual By Duncan Mlanjira Eight weeks since the opening of this year’s tobacco marketing season on March 31, more than 13 million kilograms…

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Information Minister Kazako and MACRA Board chairperson Khaila * The Fund finances ICT projects in the telecommunication, broadcasting, and postal sectors for a digitally inclusive Malawi * Helping the country bridge the digital divide and make strides towards an information-rich society * And turning our ICT potential into tangible benefits By Duncan Mlanjira Established in 2018 under the Communications Act, Malawi Communications Regulatory Authority (MACRA) has officially launched a 5-year strategic plan of the Universal Service Fund, which is…

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* The forced recommended reduce prices are not a true reflection of what is happening on the ground * Key raw materials are currently in short supply as a result CoVID-19 and the war in Ukraine and Russia * The question is, for how long can you mantain these prices when you are a net importer and you have a weak currency? * These prices are misleading because they are unsustainable By Duncan Mlanjira Despite the Ministry of Trade…

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The Aggreko diesel power generation at ESCOM Power Station at Makata Industrial Area * ESCOM should take off the 3-4% tariff which was effected to cover for the supplement diesel power generation * Consumers expect a MERA that is transparent and accountable to consumers and that is proactive * When and where any changes in supply and price have taken place whether upwards or downwards, MERA shoul pass on the changes to consumers immediately By Duncan Mlanjira Electricity Supply…

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* If these allegations are true then it’s criminal offense worth to be investigated by the authorities * Facts are that NOCMA has completely excluded IHB as its contracted transporters and have taken in 4 associations * The concern should not be which Malawian is hauling but rather why are foreign trucks still in use when other Malawians’ are parked By Duncan Mlanjira International Haulage Brokers (IHB) emphasizes that it operates within the confines of regulations as set by…

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Production in full swing as witnessed by Katsonga-Phiri * He also declared that Illovo should suspend exporting up until domestic supply has normalized * Despite Illovo’s MD Lekani Katandula saying their their priority is the domestic market and only exports the surplus * Plans for the future is to increase production so that after meeting the quota for domestic consumption, they should export more * In line with MW2063 agenda — which highlights that Malawi should become an exporting…

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Sugar packaging in full swing as witnessed by Minister Katsonga-Phiri * Production increased than normal for domestic supply up to over 600,000 tonnes as of Thursday and rising * Unscrupulous traders accused of hoarding sugar in order to create commodity scarcity and increase prices * Illovo never sanctioned any price increase as it still remains at K900 with some supermarkets selling at less at K850 * Survey by Illovo Sugar indicates that illegal exportation to neighbouring countries also contributed…

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