Business – Page 204 – Maravi Express – Your Kind of News. Clear and accurate.

Standard Bank’s Be More wellness marathon returns to celebrate the resilience of a nation due to CoVID-19

April 2, 2022

Madinga at the launch with some of the stakeholders Tamara Chafunya, Miriam Matola and Jayne Nyirenda * The main race will be on June 4 in Lilongwe and a warmup scheduled for Blantyre in May 7 * This year’s race aims to highlight the Bank’s leading role in facilitating the country’s CoVID-19 recovery efforts * Since 2017, the Be More Race has has created lasting relationships with different stakeholders locally and internationally * This underscores that Standard Bank is…

Pride Initiative equips 202 Blantyre youths in sustainable business-oriented vocational skills

April 2, 2022

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| Business, National, News

The youths being trained on cellphone repairing By Victor Singano Jnr, Correspondent In its endeavour to reduce unemployment rate and improving economic empowerment among the youths, local non-governmental organization, Pride Initiative equipped 202 youths from various townships in Blantyre — through a 5-day sustainable business-oriented vocational skills workshop. Courtesy of its Youth Arise project, which focuses on offering psycho-social trainings for mindset change, Pride Initiative — in conjunction with Global Youth Mobilization Fund — brought together the youths from…

RBM’s Export Development Fund’ Board defends credibility of Fletcher & Evance as forensic audit experts

March 31, 2022

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* There are concerted efforts by certain individuals to use the media and abuse state institutions to fault the process * To discredit the forensic report, and distract unsuspecting members of the public from the real issues at EDF * Fletcher & Evance were selected competitively in full compliance with the Public Procurement and Disposal of Assets Act By Duncan Mlanjira Directors of the Board for Export Development Fund (EDF) has issued a public statement, strongly defending their selection…

EGENCO distances itself from ESCOM’s claim of loss of revenue through prepaid electricity units

March 31, 2022

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* Electricity units tokens for EGENCO employees are paid for by the company every single month * Therefore, the question of loss of revenue from these fully and duly paid for units does not arise * ESCOM to carry out door-to-door countrywide meter account verification and revenue protection exercise * Also to appreciate the challenges its customers face with such accounts and enhance service delivery By Duncan Mlanjira Electricity Generation Company (EGENCO) has distanced itself from claim by its…

Fletcher & Evance denies it is a bogus firm that carried out RBM’s Export Development Fund forensic audit report

March 30, 2022

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* Emphasises that it has the capacity, skills and procured tools to handle any type of forensic audit in Malawi and anywhere * Fletcher & Evance is a limited company and the only specialized forensic accounting firm in Malawi * It emerged as the preferred bidder for the EDF audit exercise out of three short-listed firms * Restricted tendering is the recommended approach in forensic audit as it does not alert fraudsters By Duncan Mlanjira Fletcher & Evance, which…

Construction of ESAMI office complex in Lilongwe’s Area 42 expected to be completed by end of year

March 29, 2022

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The progress stage * Other space to be let out ideal for international organisations, government departments and professional services providers * Some floors with open spaces to be demarcated according to the needs of the other clients By Caroline Nyekanyeka Eastern and Southern Africa Management Institute (ESAMI) management team from Arusha, Tanzania was in the country recently to inspect progress of the construction of the state-of-the-art office complex and learning centre at Area 42 in Lilongwe, which is expected…

ACB pins down corruption suspect Batatawala and accomplices at Immigration Department from disposing off properties and vehicles

March 29, 2022

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* The accomplices are Fletcher Nyirenda and Limbani Chawinga * Part of the ACB’s investigations on allegations of unexplained wealth and other corrupt practices against the three * The restriction notices apply until the ACB has concluded the investigations or lifted them By Duncan Mlanjira The Anti-Corruption Bureau (ACB) issued restriction notices to corruption suspect Abdul Karim Batatawala as well as his accomplices at the Department of Immigration and Citizenship Services — commissioner responsible for operations, Fletcher Nyirenda and…

Senior Magistrate Nyimba chides ACB of submitting hearsay and irrelevant information in Viola’s case of abuse of office

March 28, 2022

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Viola denies any wrong doing * State witness statements did not indicate seeing Viola writing a local purchase order (LPO) * The said LPO could not be used to procure the huge amount of maize as alleged * The said LPO is still without a scratch and nobody benefited from the purported transaction Maravi Express Senior Magistrate Viva Nyimba has chided lawyers representing the Anti-Corruption Bureau (ACB) for submitting hearsay and irrelevant information in the case in which former…

Alert Chikwawa Police intercepts enforcement metal bars stolen from Shire Valley Transformation Project’s construction site

March 26, 2022

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How the metal rods were packed in the Probox vehicle * Further investigations on the matter have been instituted to arrest more perpetrators * Sources in Chikwawa indicate that theft of construction materials is rampant at the site * It is being done in collusion with staff members that include its security detail * But having been alerted by the contractor, the police intensified its patrol along the road to Kapichira * Chikwawa Police assures the public of tight…

Comptroller of Statutory Corporations, Secretary to the Treasury removed from MERA Board

March 26, 2022

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* As President appoints Reckford Kampanje as chairperson and Innocencia Chirombo as the deputy * Ordinary members are Lameck Nchembe, Charles Kambauwa and Ulemu Kambwiri * Ex-officios are Secretary for Energy, Director of Energy and MERA chief executive officer * The appoints are subject to confirmation by the Public Appointments Committee of Parliament By Duncan Mlanjira President Lazarus Chakwera has reconstituted the composition of Malawi Energy Regulatory (MERA) Board by removing Comptroller of Statutory Corporations and Secretary to the…